In September 2004, Stephen Lebowitz, president of CBL, $ 6 billion publicly traded shopping center real estate investment trust (REIT) with over 70 million square feet, is considering buying 170 acres for a new retail development on the racetrack site in southern New Hampshire. First, Stephen has to calculate the value of the land to make their bid based on current market conditions and local zoning. Next, Stephen should consider how public equity markets will react, good and bad, a shopping center REIT to make new development at this time. "Hide
by Arthur I Segel, Joshua A. Kutzin Source: Harvard Business School 18 pages. Publication Date: March 16, 2005. Prod. #: 205085-PDF-ENG
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