Sears names head of real estate development
Sears Holdings Corp., the retailer controlled by hedge-fund owner Edward Lampert, named a former mall executive to extract value from its real estate holdings.
View ArticleSears to close Kmart distribution center in Shakopee
Sears Holdings Corp. will shutter its Kmart distribution center in Shakopee in January 2013, a Sears spokesman confirmed Friday.
View ArticleSears to spin off Lands’ End business
Sears Holdings Corp. said Friday that it will spin off its Lands' End clothing business as a separate company by distributing stock to the retailer's shareholders.
View ArticleWhat’s in a name? Not ‘Sears’ for realty trust
The 200-plus Sears and Kmart stores listed on Seritage Realty Trust's website are part of an effort by Sears Holdings Corp. to raise cash and turn around the company.
View ArticleSears mulls sale of Canadian business after losses
The company may divest its 51 percent stake in Sears Canada, possibly as part of a sale of the whole business, according to a statement Wednesday.
View ArticleWhat Sears could do to shore up finances
The troubled Sears Holding Corp. has at least four strategic moves to consider to raise enough money to keep the lights on.
View ArticleSears considers sale-leaseback of stores
Sears Holdings Corp., following nine straight quarters of losses, said it’s actively exploring the possible sale and lease back of 200 to 300 stores in a bid to strengthen its balance sheet.
View ArticleSears to revamp Florida store in preview of its retail strategy
A mixed-use retail development in South Florida may provide a glimpse at the future of Sears Holdings Corp.
View ArticleOakland rents outpace San Francisco as hipsters relocate
Oakland had the highest apartment rent growth in the U.S., at 9.1 percent in the year ending Sept. 30, outpacing San Francisco’s 7.4 percent.
View ArticleSears 3Q loss widens as retailer reshapes itself
Sears Holdings Corp. tried to reassure investors Thursday that financial maneuvers — closing stores, selling assets and slashing inventory — mean it still has enough cash available to run its business.
View ArticleUtah mall downgrade exposes weak link
The Gateway shopping mall in Salt Lake City was a symbol of urban renewal when it opened with the start of the 2002 Olympic Games. Now it’s losing tenants and customers, reflecting the travails of...
View ArticleSears’ REIT efforts advance amid $159M Q4 loss
The company’s cash balance as of Jan. 31 slid 76 percent from a year earlier to $250 million.
View ArticleChicago’s 110-story Willis Tower put up for sale by owners
The owners, which include New York-based investors Joseph Chetrit and Joseph Moinian, have hired brokerage Eastdil Secured to market the 110-story skyscraper.
View ArticleEmpty stores haunt landlords as retailers fold
Empty stores from retailers that went out of business years ago -- such as Borders Group Inc., which had big floor plans that are hard to fill -- are dotting shopping centers across the country at a...
View ArticleSears forms REIT to raise $2.5B in cash
The REIT, Seritage Growth Properties, will acquire about 254 Sears and Kmart locations and lease them back to the retailer.
View ArticleSears’ $2.5B REIT plan may be blueprint for deals
While the company has previously sold locations, leased space to other retailers and developed properties, many investors have been waiting for Chief Executive Officer Eddie Lampert to form a REIT...
View ArticleSears leans on real estate again to generate cash
Sears will contribute 10 properties valued at $228 million to a joint venture with the mall operator Simon Property Group Inc. and will take a 50 percent interest in the business.
View ArticleSears 1Q loss narrows as REIT rollout nears
Sears Holdings Corp. expects the real estate investment trust that it is forming, Seritage Growth Properties, will be declared effective by the Securities & Exchange Commission this week.
View ArticleSears tumbles for fifth day as REIT excitement dissipates
Investors have supported the REIT plan, but it will leave the remaining company with fewer assets.
View ArticleSears’ REIT goes public as retailer regroups
Sears, which is dealing with slumping retail sales, formed the real estate investment trust to extract more revenue from its properties.
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