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Strategies & Market Trends : Commercial Real Estate tic.............tic,,, -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (174)	2/13/2009 1:42:51 PM
From: Smiling Bob	Respond to of 442

REGENCY CENTERS Mary Lou Fiala, president and COO of Regency Centers, said in the company's Feb. 5th quarterly conference call, "Regency is receiving requests for rental assistance from a great number of tenants. There is a few people that we've made exceptions for."<<THAT'S GOODS TO KNOWS<<< The decision is made tenant-by-tenant, explained Fiala, adding that Regency requests three years of sales information, income statements, and credit applications from tenants, as well as a recovery plan. In the case that rent reduction is granted, Fiala said, "any reduced rent is deferred and not forgiven." She said that only 37 of Regency's 9,000 tenants had been granted such reductions in the last month, "and in 28 of these cases, we were able to extend term of the lease." KIMCO REALTY CORPORATION David Lukes, EVP at Kimco Realty Corp., said in the company's Feb. 5th quarterly conference call, "We are preparing for a continued difficult time for our tenants and are forecasting continued weakness and uncertainty. The ability of a tenant to prosper is partly due to their cost of occupying their real estate." "We have a detailed concession request package that we've developed that's required…and are using occupancy costs, financial help and sales history to separate the tenants that truly need help from those that are merely following the saying, 'you don't get it if you don't ask," explained Lukes. <<<<MORE DENIAL- HOW MANY DON"T REALLY NEED IT<<<<<<To date, the number of requests Kimco has granted are "minimal" compared to the number of requests it has received, said Lukes `BC

To: Perspective who wrote (174)	2/13/2009 1:49:48 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 442

They're working hard to keep BBY ready for the big recovery Killing my puts in the meantime Upgrade a day keeps the exercise away ---- Shares of Best Buy Co. (BBY: Best Buy Co. Inc News , chart , profile , more Last: 30.59+0.36+1.19% 1:47pm 02/13/2009 Delayed quote data BBY 30.59, +0.36, +1.2%) traded slightly higher. J.P. Morgan analyst Christopher Horvers said in a note that the electronics retailer may beat consensus estimates in the near term as it picks up market share with bankrupt rival Circuit City Stores Inc. undergoing liquidation.