May 1, 2005
Departments
PUBLISHER'S LETTER: Our New Age
May 1, 2005 12:00 PM, Warren N. Bimblick Publisher Retail Traffic Magazine
Sometimes a simple phrase can help capture and define a moment in history. Gertrude Stein famously summed up the 1920s as the lost generation. In the...
MALL WALK: I Love Bargains
May 1, 2005 12:00 PM, Beth Karlin Editor-in-Chief
It was a rainy Saturday in Hilton Head, S.C., and traffic on U.S. 278 was backed up for miles. Finally, I saw the sign for Tanger Factory Outlet Center...
TRAFFIC PATTERNS
May 1, 2005 12:00 PM
KOHL'S PLANS 17 PERCENT GROWTH; WAL-MART TO ADD MOST STORES Wal-Mart plans to open or relocate 355 stores, including Sam's Clubs, this year a growth rate...
PARTING SHOT: Play Ball
May 1, 2005 12:00 PM
The Cincinnati Reds Team Shop at the Great American Ballpark traces the team's storied history back to 1869. The store, which was designed by Retail Design...
Traffic Reports
VORNADO TORNADO
May 1, 2005 12:00 PM, Renée DeGross
For a company that tries to keep a low profile, Vornado Realty Trust is certainly making a lot of headlines. And most of them involve retail real estate,...
Iced Topping
May 1, 2005 12:00 PM
The Washington Capitals will, assuming there is a next NHL season, practice in an ice rink being built on the eighth floor of a parking lot adjacent to...
Mind the Gap
May 1, 2005 12:00 PM
Gap Inc. revealed the name of its awaited fourth concept: Forth & Towne. The new chain, which joins Gap, Banana Republic and Old Navy in Gap's family...
PROJECTS & PEOPLE
May 1, 2005 12:00 PM
General Growth Properties Inc. has named Thomas D'Alesandro IV as senior vice president, where he will oversee the company's master-planned community...
Retail Metamorphosis
May 1, 2005 12:00 PM, Renée DeGross
With Neiman Marcus up for grabs, and speculation that JCPenney and Saks Inc. are in play, experts say it's the beginning of the beginning, calling it...
Merger Madness
May 1, 2005 12:00 PM
The flood of retail mergers has spiked in 2004 and into 2005. The number of hefty deals completed in the past 18 months (worth $300 million or more) has...
New Plan Excel Down Under
May 1, 2005 12:00 PM, Dominic Perella
The long line of REITs that have launched Australian joint ventures may be about to get longer. New Plan Excel Realty Trust Inc., a New York-based REIT...
IN PROGRESS: BRAZOS TOWN CENTER
May 1, 2005 12:00 PM
Developer: NewQuest Properties Location: Southwest of Houston, in Fort Bend County near the bustling towns of Rosenberg and Richmond. Size: 700,000 sq....
Playing the Name Game
May 1, 2005 12:00 PM
Westfield America has decided to stop attaching the moniker to projects it opens from now on. But, if you've become used to the mouthful don't worry,...
Girlshop Hunts More Stores
May 1, 2005 12:00 PM, Peter Hochstein
Girlshop.com, the trendy Internet boutique that opened its first store a 1,200-square-foot store in New York's newly fashionable Meatpacking District...
Shopko Sells
May 1, 2005 12:00 PM, Patricia Kirk
Minneapolis-based Goldner Hawn Johnson & Morrison (GHJM), a private equity investment firm, says it has agreed to acquire Green Bay, Wis.-based ShopKo,...
MOVIEBANK MAGIC
May 1, 2005 12:00 PM
Is the traditional video store dead? According to Stephane de Laforcade, co-founder of MoviebankUSA, it soon will be. And the beginning of the end was...
Blooming Burbs
May 1, 2005 12:00 PM
Trying to figure out where to go next? For starters, why not take a look at the 10 counties that grew the fastest in 2004, according to the U.S. Census...
REITS GET THRIFT PUSH
May 1, 2005 12:00 PM, Patricia Kirk
Federal employees may soon have the option of adding real estate stock to their retirement fund portfolios, thanks to legislation being considered by...
Wal-Mart Woes Grow
May 1, 2005 12:00 PM, David Bodamer
The seemingly indomitable Wal-Mart Stores Inc. all of a sudden is showing signs of weakness as pressure from the outside has increased and news of company...
Wild, Wiley Wal-Mart
May 1, 2005 12:00 PM
Wal-Mart has gone to great lengths to prove it's a caring company. No, the world's largest retailer is not raising employee pay or benefits; it's committing...
What I Hate About Wal-Mart
May 1, 2005 12:00 PM
Lines/Crowd 28.50% Traffic/Parking 9.00 Store Standards 5.50 Quality 6.00 Too Big 5.50 Service 7.50 Corporate Policies 8 It's like one of Yogi Berra's...
Super Mario Salesman?
May 1, 2005 12:00 PM
Not sure what to get your husband or boyfriend for his next birthday? Chances are he would like a video game rather than a CD. According to a new study...
Ah, Venice
May 1, 2005 12:00 PM
Whether its because of the city's famed beauty or the success of the Grand Canal Shoppes in Las Vegas, a number of other developers have suddenly popped...
BUSINESS DEALS
May 1, 2005 12:00 PM
JCPenney Corporation Inc. has arranged a $1.2 billion unsecured line of credit, which will last five years. The new facility replaces a $1.5 billion secured...
Taubman in Asia
May 1, 2005 12:00 PM, David Bodamer
Taubman Centers is teaming up with Morgan Stanley and hiring one of the financial services firm's top executives to greatly expand its development role...
IN PROGRESS: ANAHEIM GARDENWALK
May 1, 2005 12:00 PM
Developer: Pacific Coast Capital Partners. Location: Anaheim, Calif. Type: Mixed-use Size: 390,000 sq. ft. Opening: Phase I is expected to open June 2007...
Alias or The OC?
May 1, 2005 12:00 PM
When asked which celebrity will most inspire their prom look this year, guys ranked Usher (27 percent) as the top pick. Ashton Kutcher (14 percent) and...
CHINA QUOTAS PROBE
May 1, 2005 12:00 PM, Patricia Kirk
A 35 percent surge in textile and garment imports from China since quotas expired on January 1, has prompted the Bush administration to open an inquiry...
KKR Outs REIT
May 1, 2005 12:00 PM, David Koch
Long admired for its knowledge of real estate, Kohlberg, Kravis, Roberts & Co. (KKR), which is part of the team buying Toys Us, is now letting investors...
Recession Bounceback
May 1, 2005 12:00 PM
Six states, namely Michigan, Illinois, Missouri, Oklahoma, Massachusetts and Kansas have not yet returned to the level of economic activity they posted...
POP-UP STORES BUZZ
May 1, 2005 12:00 PM, David Koch
or temporary stores, are there to just generate market buzz for a new product or a new line, right? Well, Kevin Appelbaum, managing partner for consulting...
EB, GAMESTOP MERGE
May 1, 2005 12:00 PM
It seems everywhere you turn these days there is a merger or acquisition happening from department stores to large mall owners and now even video game...
Doubling Up Gains
May 1, 2005 12:00 PM, Patricia Kirk
Los Angeles-based Starpoint Properties LLC, a private real estate investment and management company, is cashing out some of its Southern California multifamily...
From Drugs to Riches
May 1, 2005 12:00 PM, Peter Hochstein
Some years ago, a narcotics dealer bought the old Westover shopping center in Charlotte, N.C. Evidently, according to police, his idea was not so much...
Red Light Special
May 1, 2005 12:00 PM
Hungary is considering letting prostitutes solicit business at select shopping malls, according to Reuters. The country already allows local governments...
Mega-Mall Mania
May 1, 2005 12:00 PM, Joe Gose
Four years ago, Arlington, Va.-based Mills Corp. was fitting a proposed discount mega-mall in New Jersey's Meadowlands for a casket. The REIT began working...
Borders Crossing Borders
May 1, 2005 12:00 PM
The bookstore chain's new outlet in Malaysia isn't Borders' first foreign location, but it is its biggest. The 60,000-square-foot store at Kuala Lumpur's...
Bankruptcy Reform
May 1, 2005 12:00 PM, David Bodamer
When President Bush signed into law bankruptcy reform legislation, retail real estate gained leverage to evict bankrupt tenants. The bill, which was passed...
Que Linda
May 1, 2005 12:00 PM
After discontinuing its Lucy Pereda brand of clothes because, an executive said, they had limited appeal, Sears is introducing a clothing line called...
IN PROGRESS: ASSEMBLY SQUARE
May 1, 2005 12:00 PM
Developer: Federal Realty Location: Somerville, Mass. 1.5 miles from Boston's financial and commercial districts. Costs: $64 million for land, $38 for...
Drive-Through to Minnesota
May 1, 2005 12:00 PM
Next time you order at a drive-through McDonald's, don't assume you're talking to someone on the other side of the wall. The chain is a testing a system...
Strategies
Hungry for New Restaurants
May 1, 2005 12:00 PM, By James Murdock
Parlez vous Franais? Oui? Good, because it could be the new language of shopping center restaurant cuisine. French bashing, so popular just a short time...
The Rising Dollar
May 1, 2005 12:00 PM, By David Koch
Doron Valero, president of Equity One Inc., knew he had a problem. Two shopping centers in his portfolio were losing Kmarts while Winn-Dixie was pulling...
What's Hot in Ice Cream?
May 1, 2005 12:00 PM, By Bob Hirschfeld
On an unusually cold spring evening, chilled customers queued up on New York's 42nd Street to pay $5 or more for a Cold Stone Creamery ice cream confection....
Features
TWO HOT HANDS
May 1, 2005 12:00 PM, By Jennifer Popovec
After decades of consolidation, it has come to this: The mall industry is dominated by two gigantic companies, Simon Property Group and General Growth...
HOW THE SMALL SURVIVE
May 1, 2005 12:00 PM, By Marc Hequet
Simon Property Group and General Growth Properties both command regional mall portfolios in the neighborhood of 200 million square feet. In the strip...
INTEGRATING DAYLIGHTING
May 1, 2005 12:00 PM, By Vilma Barr
Time was when the lighting of an enclosed shopping mall was relegated to electrical engineers. They saw their responsibility as powering up the wattage...
Drawing Conclusions
May 1, 2005 12:00 PM
From the revival of the mall to shopping, trends are changing the retail real estate industry and the way it markets its goods. Did you hear the one aboutwww.subservientchicken.com?...
RETAIL RISES IN THE NEW SOUTH
May 1, 2005 12:00 PM, By Renée DeGross
Atlanta scored a Gold at the 1996 Olympics by focusing international attention on the city, often called the capital of the New South. Suddenly, Atlanta...
ATLANTIC CITY REDUX
May 1, 2005 12:00 PM, By David Koch
Less than a year ago, retail in Atlantic City seemed to boil down to fur coats and jewelry for high rollers, or pawnshops for losers. There were a few...
DOWNTOWN VEGAS THE LAST FRONTIER
May 1, 2005 12:00 PM, By Patricia L. Kirk
Downtown Las Vegas must have set a record for most persistent decay in the midst of plenty. The area has been in a 40-year slide, starting with the exodus...
Special Sections
Your Guide to the ICSC SPRING CONVENTION TRADE EXPO 2005
May 1, 2005 12:00 PM, by Beth Mattson-Teig
Visitors to the 2005 Trade Exposition will find plenty of new toys and technologies ranging from motorized Segways to the latest in children's themed...
SADI 2005
May 1, 2005 12:00 PM
And The Winners Are Now in its 16th year, the Superior Achievement in Design and Imaging awards recognize outstanding achievement in creating successful...
Expert Columns
What's in a Name? Plenty
May 1, 2005 12:00 PM, BY YAROMIR STEINER
What's in a name? When it comes to how we categorize a development and its retail and associated experiences, a great deal is at stake. The popularity...
Where's the Architecture in a Lifestyle Center?
May 1, 2005 12:00 PM, BY MARK CARTER
What is a lifestyle center? Despite the retail industry's almost single-minded focus on open-air formats, the number of projects built and the never-ending...
The Mall is Not Dead
May 1, 2005 12:00 PM, BY GREG MALONEY
Recent department store mergers and acquisitions and the influx of lifestyle centers have raised speculation about the imminent demise of the regional...
Padding the Rent
May 1, 2005 12:00 PM, BY COREY BIALOW
Pads and outparcels were once considered the exclusive territory of freestanding restaurants and/or banks, which agreed to height restrictions and no...
Big Business from Small Spaces
May 1, 2005 12:00 PM, BY LISA M. OAK
A typical shopping center, mall or power center draws consumers who are attracted by the anchor tenant. Whether it's TV's Are Us, Uncle Larry's Really...
Double the Deck, Double the Potential
May 1, 2005 12:00 PM, BY SY PERKOWITZ
Why would a developer consider stacking two big boxes? The challenges are numerous. The complications of building on an urban site and the complexities...
Sizzlin' Cities
May 1, 2005 12:00 PM, BY VICTOR B. MACFARLANE
The city is hot again. With the U.S. population expected to swell by another 70 million people over the next 25 years, the real estate community and municipalities...
Shop Where You Live
May 1, 2005 12:00 PM, BY DORON VALERO
In recent years, vertical mixed-use developments with supermarket components have surged in popularity in many urban U.S. markets. The primary driver...
An Historical Perspective
May 1, 2005 12:00 PM, BY ANDY FRANKL
New York City's history is rich with real estate, with some of the country's most legendary buildings located in the five boroughs. As expected, New Yorkers...
Sale-Leaseback: An Appealing Strategy
May 1, 2005 12:00 PM, BY BERNARD J. HADDIGAN
The recent recession intensified corporate focus on the bottom line. In a challenging economy, belt tightening and downsizing replace growth and expansion....
Increasing the Odds in Retail Loan Roulette
May 1, 2005 12:00 PM, BY CHARLES KRAWITZ
Small retail properties support the needs of modern life, from eating to dry cleaning to movie rentals. Shoppers can cash a check, pick up a prescription,...
AARP, Australia, Actuarialsand Cap Rates
May 1, 2005 12:00 PM, BY WILLIAM W. GERRITY
I turned 50 this year and my son Kevin signed me up for AARP. I thought it was a joke. It wasn't. I actually qualify for membership in the American Association...
