May 1, 2004
Articles
Welcome to Retail Traffic
May 1, 2004 12:00 PM
OK, I admit it. I love retail. It may be genetic my great grandfather owned a pawnshop on a corner in Pittsburgh in the early part of the last century....
CONTRIBUTORS
May 1, 2004 12:00 PM
Barbara A. Nadel, FAIA, principal of Barbara Nadel Architect, specializes in planning and design of justice, health-care and institutional facilities....
THE LIGHTS ARE MUCH BRIGHTER THERE
May 1, 2004 12:00 PM, Beth Karlin Editor-in-Chief
Oh, to be a Size 2, twentysomething and a trust-fund baby. Then I could shop regularly at Bloomingdale's new ultra-hip SoHo store in downtown Manhattan...
CORRECTIONS:
May 1, 2004 12:00 PM
In our Top Managers survey in the April 2004 issue, we published the wrong executives' names for Edgemark Commercial Real Estate Services LLC in Oak Brook,...
TRAFFIC PATTERNS
May 1, 2004 12:00 PM
LIFESTYLE GROWTH STAGNATES
The retail store base is expected to grow by 3 percent this year, up from a 2.4 percent growth rate in 2003, according to an analysis of 230 retailers. The open-air sector (including neighborhood, community and power centers) is expected to see continued solid demand, with an estimated 4.8 percent increase ...
CARUSO WINS TUG-OF-WAR
May 1, 2004 12:00 PM, Patricia Kirk
After a month of sometimes bitter debate over the permitting process for a planned $264.2 million town center project in Glendale, Calif., Los Angeles-based...
Tanger's Road Show
May 1, 2004 12:00 PM
Tanger Outlet Centers' new marketing ploy is a customized Bargain Hunters SUV that will crisscross the United States for six months ending in October....
FAT TAX, FAT CHANCE
May 1, 2004 12:00 PM
The provincial government in Ontario, Canada where 39 percent of the country's population lives is considering an 8 percent sales tax on restaurant meals...
PROJECTS & PEOPLE
May 1, 2004 12:00 PM
Miami Beach-based Equity One bought Sparkleberry Square (below), a 320,971-square-foot center anchored by Kroger, Kohl's and Bed Bath & Beyond in Columbia,...
DDR Gobbles Up Private Assets
May 1, 2004 12:00 PM, Joe Gose
Developers Diversified Realty's (DDR) acquisition of 110 retail properties totaling 18.8 million square feet from Benderson Development Co. continues...
RANCHO DELUXE
May 1, 2004 12:00 PM
Cleveland-based Forest City Enterprises is making its Florida debut with a 600,000-square-foot lifestyle center called Wiregrass Ranch. Partnering with...
Inline ECKERDS First To Close?
May 1, 2004 12:00 PM, Renée DeGross
On the heels of J.C. Penney's $4.5 billion sale of Eckerd to CVS Corp. and Jean Coutu Group's Brook's Pharmacy, questions linger about potential store...
THE MAVERICK MOGUL'S HANDBOOK
May 1, 2004 12:00 PM
Mel Simon, Sam Zell, Donald Trump and Eli Broad have all made their fortunes in real estate. Retail Traffic contributing writer Steve Bergsman attempts...
IN PROGRESS: Northshore Town Center
May 1, 2004 12:00 PM
Developer: James Doran Co. Location: Knoxville, Tenn. Size: 500,000+ square feet (retail and entertainment) Tenants: Upscale fashion, home furnishings...
Managing Growth
May 1, 2004 12:00 PM, Steve Bergsman
Continuing to expand its third-party, retail leasing and management portfolio, Jones Lang LaSalle Inc.'s strategy remains aggressive despite operating...
IN PROGRESS: Hazel Dell Crossing
May 1, 2004 12:00 PM
Developer: Maefield Development Location: Noblesville, Ind. Size: About 300,000 square feet Tenants: Outlets, grocer, banks, drugstore Architect: Jantsch...
ORVIS ANGLING FOR MORE STORES
May 1, 2004 12:00 PM, Beth Karlin
The Orvis Co. has embarked on an aggressive bricks-and-mortar expansion that should double to 40 percent the contribution of retail store sales to overall...
Teen Style-O-Meter
May 1, 2004 12:00 PM
The coolest kids in high school are sporting duds from Abercrombie & Fitch and its offshoot Hollister this spring, according to Piper Jaffray's recent...
THE EDUCATION OF Matthew Bucksbaum
May 1, 2004 12:00 PM, Peter Hochstein
Matthew Bucksbaum almost lost his shirt once. In 1954 when he was 28, he and his late brother, Martin, sold their chain of five grocery stores in and...
From Garage To Gourmet
May 1, 2004 12:00 PM
An auto repair shop in Minneapolis' Tangletown neighborhood is being transformed into a Liberty Frozen Custard restaurant this summer. KKE Architects...
General Growth's Gamble
May 1, 2004 12:00 PM, Brannon Boswell
General Growth's high-rolling purchase of the Grand Canal Shoppes in Las Vegas may be a gamble, some analysts say. The Chicago-based REIT is paying $766...
BEAUTY SHOP
May 1, 2004 12:00 PM
Encino, Calif.-based Pure Beauty, one of the newest entrants in the competitive cosmetics market, just completed construction of its 2,400-square-foot...
ONE FLIES, ONE DIES
May 1, 2004 12:00 PM
The Apple Computer store in SoHo in Manhattan and the Gateway Country store in Mission Valley, Calif., exhibit diverging takes on personal technology....
People Are Talking
May 1, 2004 12:00 PM
The press really picked up on the recent vote against Wal-Mart in Inglewood, saying that Wal-Mart's doomed in California. That isn't going to happen....
Blue Note
May 1, 2004 12:00 PM
House of Blues will make its Cleveland debut in November, opening a 42,000-square-foot building on Euclid Avenue and Fourth Street. The live music venue...
THE SUBURBS R COMING
May 1, 2004 12:00 PM
Big boxes have quite literally altered the suburban retail landscape, and changed the way we shop, but now they are the hot urban prototype. Seems like...
FOOD BYTES
May 1, 2004 12:00 PM
We all know food and restaurants drive traffic to shopping centers. Now, drink in some facts from Citigroup Smith Barney that you might not have known:...
That Will be 35 Cents for the Toll and $1 for the Krispy Kreme
May 1, 2004 12:00 PM
Los Angeles-based developer Wilton Partners is working with HMSHost, the food service company, on a $94 million Tollway Oases redevelopment project in...
HOW BIG IS YOUR PAYCHECK?
May 1, 2004 12:00 PM
Hopefully the benefits of running a high-profile retail REIT are commensurate with the high stress levels that go along with the job. However they feel...
High-Flying COCKTAIL LOUNGES
May 1, 2004 12:00 PM
Airport bars are relying on style to wring extra dollars out of wealthy travelers. While many customers are comfortable in traditional bar settings, other...
RadioShack Strikes Out At Circuit City
May 1, 2004 12:00 PM
Shortly after Circuit City announced plans to pay $284 million for Canadian electronics store operator InterTAN Inc., scrappy competitor Radio-Shack said...
IT'S SHOWTIME FOR CIM GROUP
May 1, 2004 12:00 PM, Morris Newman
Culminating a story of disappointed hopes and financial hemorrhaging, CIM Group of Los Angeles in February paid $201 million to acquire the troubled Hollywood...
Will It Play in Oklahoma City?
May 1, 2004 12:00 PM
Oklahoma City's demographics are comparable to the general U.S. census profile. Advertising agencies are starting to look at Oklahoma City as the next...
WESTFIELD'S WINDS OF CHANGE
May 1, 2004 12:00 PM, Brannon Boswell
Westfield America's top two executives aren't sweating over the influence of lifestyle centers on U.S. retail. In fact, they thumb their noses at the...
RETAIL FACE OFF: Teen Angst
May 1, 2004 12:00 PM
Today's crowded teen market targets subsectors ranging from skaters to punks to preppies, but the most crowded field is the suburban prep/athlete. Three...
RANKED BY GLA MANAGED
May 1, 2004 12:00 PM
TOP 10 OWNERS SIMON PROPERTY GROUP 115 W. Washington St.Indianapolis, IN 46204PH: 317-636-1600; FAX: 317-685-7270www.simon.comDavid Simon, CEO; Richard...
LVMH: Luxury's International Name
May 1, 2004 12:00 PM, By Curt Hazlett
Recessions come and recessions go, but luxury never goes completely out of style, even if sales were subdued following the September 11 tragedy. Some...
Fire Sale
May 1, 2004 12:00 PM, By Steve Bergsman
In a real estate sector with few bargains to be found, firms are combing the landscape for deals where others no longer shop. Although the supply is limited,...
Bank On It
May 1, 2004 12:00 PM, By Beth Mattson-Teig
As retailer bankruptcies rise, there's still one shopping center tenant category that remains free from credit risk: banks. In the past year, consumer...
NOW BOARDING
May 1, 2004 12:00 PM, By Curt Hazlett
Ed Vinson certainly doesn't need any more frequent flyer miles. The Mills Corp. executive vice president got more than he could use during construction of the company's glitzy new Madrid Xanadu in Spain, sometimes crossing the Atlantic a couple of times a month to meet with the firm's partner and check on the mall's progress. The upgrades to first class will come in handy, too, as Vinson helps Mills move ahead with projects in Italy and maybe elsewhere.
Mills is in the first wave of a trend that's likely to reshape U.S. mall REITs in the next few years...
Five Wishes For 2005
May 1, 2004 12:00 PM
Maybe John Maynard Keynes had it right when he said the difficulty lies not in creating new ideas but escaping from old ones. Today's retail industry...
They Paved Paradise
May 1, 2004 12:00 PM, BY CLAUDIA STRAGE CASTAYBERT
A battle is brewing over Brooklyn's Red Hook neighborhood, and a major issue is parking. IKEA has brought an old shipping building, which it plans to...
When Excel Just Won't Do
May 1, 2004 12:00 PM, By Belinda Chow
If landlords were as quick to point out tenant overpayments as they are underpayments, retailers wouldn't have to worry about streamlining real estate...
FOREIGN INTRIGUE
May 1, 2004 12:00 PM, By Barbara A. Nadel, FAIA
From Bilbao to Brazil and from Dubai to Shanghai, American architects are reshaping the retail landscape unrestricted by the design limitations imposed...
Your Guide to the ICSC Spring Convention Trade Expo 2004
May 1, 2004 12:00 PM, By Beth Mattson-Teig
Where else could you find everything from giant shrimp net awnings to the latest in skateboarder-resistant furniture but at the annual ICSC Spring Convention...
Big Boxes, Big Cities
May 1, 2004 12:00 PM, Andy Frankl
You see them across suburbia and our nation's heartland: Home Depot, Target, Best Buy, Wal-Mart and other big-box retailers. Until recently, many have...
New Best Friends
May 1, 2004 12:00 PM, Gregory Gunter
Over the past decade, we've seen retail shopping evolve, by necessity, to a much more experiential event, one requiring more creativity and more options...
Toy Stores: Don't Kid Around
May 1, 2004 12:00 PM, Christian Davies
In England last month I witnessed a phenomenon that spoke volumes about challenges facing U.S. toy retailers. Driving past the local toy barn with a group...
Ignore the Death Notices
May 1, 2004 12:00 PM, Anita Kramer
The death of the mall has been greatly exaggerated. The real story is in distinguishing between super regionals, which are flourishing, and regionals,...
Breaking Up Isn't Hard To Do
May 1, 2004 12:00 PM, Richard Walter
When are the parts worth more than the whole? When savvy retail owners and investors need new deal structures to bolster property values and increase...
Single-Tenant Deals Skyrocket
May 1, 2004 12:00 PM, Bernard J. Haddigan
Investor interest and capital flows to the single-tenant net-lease sector have skyrocketed. Many private investors are attracted to these low-maintenance...
Say Hola to Hispanic Customers
May 1, 2004 12:00 PM, Michael A. Pollack
Last year, Hispanic purchasing power in the United States reached nearly $600 billion an 11 percent increase over 2002s estimated $540 billion. Studies...
Design By Data
May 1, 2004 12:00 PM, Bruce A. Barteldt Jr., AIA
Our retail team sees patterns every day whether it's a macro-summary of a metroplex transportation plan relative to new housing starts or a planogram...
An Investor's Guide to the U.S.
May 1, 2004 12:00 PM, Gwen MacKenzie Brad Umansky
The investment market remains a seller's market throughout the United States and should continue into 2005. Each region has its own opportunities and...
Time To Rethink Pad Locations
May 1, 2004 12:00 PM, Mark Tweed
Pad locations are a no-brainer, right? Not necessarily. Instead of flinging your pads to the outer reaches of the parking lots, consider grouping them...
A TALE OF TWO MARKETS
May 1, 2004 12:00 PM, By Patricia L. Kirk
With Las Vegas' population expected to reach 1.8 million in 2005, the region is experiencing an unprecedented boon in residential and retail growth, says...
PORTLAND'S PROGRESS
May 1, 2004 12:00 PM, By Patricia L. Kirk
The Portland retail market might not be very deep, but it is interesting. There's only a few power centers here, says Mason Frank, president of Oregon-based...
Funnel Clouds
May 1, 2004 12:00 PM
Shoppers at the Palm Store in L.A.'s Century City mall can settle down to tinker with high-tech toys at cafe table-like stations. Messy cords and wires...
Features
Mezzanine Opens the Door
May 1, 2004 12:00 PM, Norman Nichols
Rapidly expanding retailers need new sites as many, as fast and as well-located as they can get them. With the financial agility that mezzanine finance...
