Taking Aim at a Debt Burden

Shopping-center owner Developers Diversified Realty Corp. intends to sell stakes in several of its retail properties to institutional investors in a bid to raise capital to pay down debt.

Meanwhile, Developers Diversified said the liquidation of a large tenant, retailer Mervyn's LLC, won't sap its financial results to a "material" extent. In a statement released Monday, the company said that other retailers have shown "significant interest" in the ... Full Story »