May 1, 2006
Departments
PUBLISHER'S LETTER: A Great Year, A Fond Farewell
May 1, 2006 12:00 PM, Warren N. Bimblick
Every industry has its own version of the bulging cigar box. Retailers and developers measure success by sales per square foot. In the magazine industry...
EDITOR'S LETTER: Looking Ahead, Taking Aim
May 1, 2006 12:00 PM, David Bodamer
When I sat down in my cubicle at the ICSC office to write my first story about retail real estate, I had no idea what I was getting myself into. I was...
TRAFFIC PATTERNS
May 1, 2006 12:00 PM
BUBBLE TROUBLE The frothiest housing markets predominantly clustered in Florida and California have posted 20-percent compounded annual growth rates in...
Expert Q&A: Class Consciousness
May 1, 2006 12:00 PM, Ross B Glickman
RT: How concerned should the industry be about the decline of the middle class? The industry should be very concerned. The middle class is getting squeezed....
Correction:
May 1, 2006 12:00 PM
Not every owner that responded to our Top Owners and Managers survey printed in? April, followed specifications when accounting for joint ventures. New...
Traffic Reports
Sweet Anticipation
May 1, 2006 12:00 PM, Jennifer Popovec
Industry players get ready for another year of dealmaking at the ICSC Spring Convention...
Payback time
May 1, 2006 12:00 PM
A glance at executive compensation from some leading retail REITs reveals some stark differences. Developers Diversified Realty CEO Scott Wolsten, for...
The Famous; the Infamous
May 1, 2006 12:00 PM
It's no surprise that Paris Hilton, Anna Nicole Smith and Donald Trump, while all having a high overall ad awareness, mostly draw negative responses,...
PROJECTS & PEOPLE
May 1, 2006 12:00 PM
Champion Development Group broke ground on The Burbank Collection in Burbank, Calif. It is the second phase of the Burbank Entertainment Village, a $90...
Martha and Macy's: A Good Marriage?
May 1, 2006 12:00 PM, Beth Karlin
Martha Stewart is moving up town - to Macy's...
Funny Pages
May 1, 2006 12:00 PM
BAM! goes the Food Court Food good food has soared to superstar status, and where we eat had better be well-designed. Celebrity chefs, 24-hour cable stations...
Fund For All
May 1, 2006 12:00 PM
Daniel Stern, a partner in Lormax Stern Development, recalls his first time with Grand Sakwa Properties. We were both looking at the same piece of land, and instead of bidding against each other we decided to become partners....
IN PROGRESS: The Crossings At Conestoga Creek
May 1, 2006 12:00 PM
Location: Lancaster, Pa. Developers: High Real Estate Group Architect: spg3 Size: 650,000 sq. ft. Cost: $100 million Anchors: RAVE MotionPictures, Borders,...
Kimco's S&P 500 Whirlwind
May 1, 2006 12:00 PM
Kimco Realty Corp. became the 11th REIT to be added to the S&P 500 in early April. Since then it's enjoyed a rocky ride. ...
Retail Hot Spots
May 1, 2006 12:00 PM
Who doesn't love Top 10 lists? Here's a fresh one: Sperry Van Ness Commercial Real Estate Advisors' hot-off-the-presses retail edition of its Top 10 Markets to Watch...
Saks in China?
May 1, 2006 12:00 PM, David Sokol
Saks Fifth Avenue has opened an 300,000 square foot store in Shanghai China...
MIXED USE: Prospect Park
May 1, 2006 12:00 PM
Location: Alpharetta, Ga. Developer: Thomas Enterprises Cost: $700 million Broke Ground: March Opening: The Forum Collection, Spring, 2008 Size: 750,000...
Bench Press
May 1, 2006 12:00 PM, Patricia Kirk
Niche clothing brand moves into a Philippine neighborhood in California...
Tanger TIF For Tax Trial
May 1, 2006 12:00 PM, Marc Hequet
Foes are challenging the awarding of local funds to the Pennsylvania Center...
Curve Ball
May 1, 2006 12:00 PM
Baseball-size hail damaged about 1,000 cars during a violent storm in San Marcos, Tex., in April, with most of the smashed windows and dented metal at...
MIXED USE: University Town Center
May 1, 2006 12:00 PM
Location: Hyattsville, Md. Project Developer: Prince George's County Metro Center Inc. Retail Developer: Roadside Development Size: Retail, 350,000 sq....
Duke Realty Restarts Retail Business
May 1, 2006 12:00 PM, Beth Mattson-Teig
Indianapolis-based Duke Realty Corp. is kicking back into high gear its retail operations with plans to co-develop $350 million worth of lifestyle centers....
Wegmans' Patriarch Passes
May 1, 2006 12:00 PM
On April 25 Rochester, N.Y., shoppers and supermarket executives paid their respects to Robert Wegman, who passed away five days earlier at that city's hospital...
General Thrills
May 1, 2006 12:00 PM
The rapidly-growing Steven & Barry's sporting apparel chain is delving into new territory. The company reached a licensing agreement with General Mills,...
Will Wal-Mart take Manhattan?
May 1, 2006 12:00 PM, Renée DeGross
Wal-Mart is again making noise about opening its first New York City store. ...
Wal-Mart Watch
May 1, 2006 12:00 PM
In March Wal-Mart increased its share in Central American Retail Holding Company to 51 percent, up from the one-third stake it purchased last year. The...
MAY BUSINESS DEALS
May 1, 2006 12:00 PM
Continental Retail Development sold $140 million in assets to Inland Real Estate Inc. The assets sold in the transaction included the 180,000-square-foot...
Penney, Sephora Make Up Venture
May 1, 2006 12:00 PM, Beth Karlin
JC Penney Co. Inc. has again asserted its ingenuity, as it breaks away from the pack...
Tea Party
May 1, 2006 12:00 PM, Renée DeGross
What do Germans know about tea? More than you think. Albert Gschwendner began selling loose leaf specialty teas in 1978. ...
The Hot Sands of China?
May 1, 2006 12:00 PM, Marc Hequet
Las Vegas gaming company to roll out more retail to Macao...
Penney Cranks It Up
May 1, 2006 12:00 PM
Department store chain unveils ambitious $1 billion, 170 store expansion plan...
IN PROGRESS: District At Valley View
May 1, 2006 12:00 PM
Location: Roanoke, Va. Developer: CBL & Associates Properties Inc Size: 76,000-square-foot addition to 787,000-square-foot Valley View Mall Completion:...
Melting Pot
May 1, 2006 12:00 PM, Jennifer Popovec
Retail's future may be shaped by trends in ethnic spending...
Troubled Mills Corp. Gets Default Waiver
May 1, 2006 12:00 PM
As financial house gets in order is deal imminent?...
IN PROGRESS: White Oak Village
May 1, 2006 12:00 PM
Location: Henrico, Ohio Developer: Forest City Size: 330,000 sq. ft. retail; 300 condos and office space Size: 390,000 sq. ft. power center; 330,000 sq....
Healthy Outlook
May 1, 2006 12:00 PM
In a possible sign of just how overburdened the nation's health care system is, Walgreen Co. announced plans to open in-store health clinics at 20 of...
Paiva Runs For The Finish Line
May 1, 2006 12:00 PM
If you like Lucille Roberts or Curves, then you may want to purchase your lycra shorts at Paiva (pronounced pie-va). The new specialty chain, which opened...
Cookie Monster
May 1, 2006 12:00 PM
It's hard to imagine stuffing a 72-layer Cream Cheese Biscuit into ones mouth, but apparently its soft and flaky enough to do the trick. Maines Gagn Foods...
GRAND OPENING: The Collection At Chevy Chase
May 1, 2006 12:00 PM
Location: Chevy Chase, Md. Developer: The Chevy Chase Land Co. Size: 112,000 sq. ft Architect: William Hellmuth, HOK Grand Opening: May 4 Stores: Dior,...
Cover Package
Twilight of the Middle Class
May 1, 2006 12:00 PM, By Anne Field
What happens when the customers who have defined the shopping center business face a future of diminishing expectations and shrinking economic power?...
When Sales Fall
May 1, 2006 12:00 PM, By Jennifer Popovec
If retail sales slump, there are alternatives for filling space in shopping centers...
The Look of Luxe
May 1, 2006 12:00 PM, By James Murdock
Malls are pursuing more upscale fashoin retailers...
International
One Foot Forward
May 1, 2006 12:00 PM, Dominic Perella
India taking baby steps on the road to foreign retail investment...
Arab Baby Phat
May 1, 2006 12:00 PM
Phat Fashions opened its first three flagship stores in the Middle East and has plans to build 14 more. The first stores opened in the Mall of Emirates,...
INTERNATIONAL BRIEFS
May 1, 2006 12:00 PM
Build-A-Bear Workshop Inc. has acquired The Bear Factory Ltd., a U.K.-based stuffed animal retailer, and Amsbra Ltd., Build-A-Bear Workshop's franchisee...
Foreign Intrigue
May 1, 2006 12:00 PM
While capital from around the globe is flowing into U.S. commercial real estate, not all foreign investors are big fans of retail. ...
Black Gold Rush
May 1, 2006 12:00 PM
And you thought all the action was in Dubai. In Abu Dhabi, the capital city of United Arab Emirates, Sorough Real Estate is transforming Reem Island into...
Cherry Picking
May 1, 2006 12:00 PM, By Jennifer Popovec
Retail investors crave global exposure so much that spending inside the US is dropping...
Feast in the Mideast
May 1, 2006 12:00 PM, By Steve Bergsman
Everything is bigger in Dubai, including the malls...
Running to Catch Up
May 1, 2006 12:00 PM, By Jennifer Popovec
Europe, Asia are working hard to develop REIT markets...
Finance
Lease Release
May 1, 2006 12:00 PM
Movie Gallery, Inc. agreed with Hilco Real Estate, LLC to launch a program to restructure the leases at more than 1,100 Movie Gallery and Hollywood Video...
FINANCE BRIEFS
May 1, 2006 12:00 PM
Bain Capital Partners LLC completed its $2.1 billion buyout of Burlington Coat Factory Warehouse Corp. after stockholders in the retailer approved the...
Globe Trotting
May 1, 2006 12:00 PM
Though the U.S. is by far the dominant market for public real estate companies, more and more nations are following. TOP 10 REIT CONSTITUENTS Company...
Shying Away
May 1, 2006 12:00 PM, By Steve Bergsman
Convinced that valuations have peaked, fund managers are moving away from retail...
Rocky REIT Ride
May 1, 2006 12:00 PM, By David Bodamer
Has the long-predicted day of reckoning for retail REIT's finally arrived?...
Up-TIC
May 1, 2006 12:00 PM, By Beth Mattson-Teig
Tenant-in-common deals are booming, but are fools rushing in?...
Management
CASE STUDY: Macerich Makes Riches
May 1, 2006 12:00 PM, By Patricia L. Kirk
Two mergers have transformed the company from a west coast based value added REIT to a national player with diversified skills...
A Mighty Wind
May 1, 2006 12:00 PM, By Steve Bergsman
Insurers are changing the rules as property owners and retailers fight over the cost of damages...
Grooming The Next Generation
May 1, 2006 12:00 PM, By Marc Hequet
A talent drought is forcing companies to look way outside the box for new hires...
Retail
Merger Mania
May 1, 2006 12:00 PM
Jones Apparel Group and Michaels Stores are the latest retailers on the block. Here's how recent retail deals have priced out. It also details the massive...
RETAIL BRIEFS
May 1, 2006 12:00 PM
Dollar Tree Stores Inc. completed the $55.7 million acquisition of 138 stores and related assets of the Deal$-Nothing Over a Dollar chain, which was owned...
Proprietary Process
May 1, 2006 12:00 PM
With competition for food dollars at an extreme, companies are pulling out all the stops in attempts to capture sales. That can be the only explanation...
Hats for Sale
May 1, 2006 12:00 PM
If you like lids, then head to East Fourth Street in Greenwich Village. That's where New Era: New York, the first flagship of baseball-cap maker New Era,...
Asda Girl!
May 1, 2006 12:00 PM
Vicky O'Keefe took home something she didn't expect during a shopping trip at a Crawley, England, Asda: Her new baby. O'Keefe's water broke as she was...
CASE STUDY: American Dream
May 1, 2006 12:00 PM, By Bob Hirschfeld
American Apparel's Dov Charney rides his eccentric marketing machine and site-selection strategies to success...
Drugstores Battle for Convenience
May 1, 2006 12:00 PM, By Michael Ware
Baby Boomers, many of whom remember the drug culture of their youth, are still into pill popping but this time it's the meds of the prescription variety....
Broker Beware
May 1, 2006 12:00 PM, By Mark Hequet
Selling retail properties is no longer a cake walk, and brokers are scrambling for the crumbs...
Expert Columns
Goodbye Single-Use
May 1, 2006 12:00 PM, By Yaromir Steiner
The traditional regional mall is being replaced by mixed-use urban patterned open-air town centers...
New Life to Leasing
May 1, 2006 12:00 PM, By Emerick Corsi
Shifting retail configurations offer varieties in anchor leasing...
Singling Out Net Lease
May 1, 2006 12:00 PM, By Bernard J. Haddigan
Despite capital shifts, single-tenant net-lease properties remain in demand...
What's Old Is New Again
May 1, 2006 12:00 PM, By Andy Frankl
Seeking a historic location? Knowledge and patience are required...
A Brand is Not Just for Christmas
May 1, 2006 12:00 PM, By Christian Davies
In my home country of England, a heartstring-tugging, syrupy commercial reminds us: A pet is not just for Christmas. Delivered in dulcet tones by an earnest...
Reinventing Regional Malls
May 1, 2006 12:00 PM, By Greg Maloney
Increased demand for shopping alternatives to the mall has garnered a great deal of attention in recent years. Power centers, lifestyle centers and urban...
Outsource Me
May 1, 2006 12:00 PM, By Corey Bialow
Outsourcing has landed. National retail chains are hiring outside consultants and brokers to provide the services typically performed by internal real...
International Studies
May 1, 2006 12:00 PM, By John Devine
Competing in today's fast-paced real estate market isn't easy, but there are steps you can take to secure desirable properties all over the world. At...
Survival of the Varied
May 1, 2006 12:00 PM, By Rick Kuhle
Once upon a time, shoppers knew that if they wanted to relax and shop at specialty and department stores, they would need to visit the local mall. For...
Price Chopper
May 1, 2006 12:00 PM, By Sy Perkowitz, AIA, PE
Thanks to ongoing demand in Chinese markets as well as intermittent natural events like Hurricane Katrina, construction costs have increased dramatically...
