June 1, 2007
Departments
EDITOR'S LETTER: Has the Green Revolution Arrived?
Jun 1, 2007 12:00 PM, David Bodamer Editor-in-Chief Retail Traffic Magazine
There have been whispers for years. Occasionally a press release would trickle in to our offices declaring that one project or another had been certified under the United States Green Building Council's Leadership in Energy and Environmental Design (LEED) program....
TRAFFIC PATTERNS
Jun 1, 2007 12:00 PM
PAYING A PREMIUM As part of a broader survey, DLA Piper asked 274 respondents which of the following factors were driving public-to-private deals in real estate with rank 1 being the highest....
Correction:
Jun 1, 2007 12:00 PM
A story that ran in our May issue and on our Web site on Feldman Mall Properties contained several errors. ...
Traffic Reports
Developers Going Green
Jun 1, 2007 12:00 PM, David Bodamer
The 2007 ICSC Spring Convention will be remembered as the year sustainable design went mainstream. Dozens of developers were talking of their first significant steps toward adopting green techniques in upcoming projects...
A Firm of Their Own
Jun 1, 2007 12:00 PM
Three former executives of shopping center REIT Equity One, Inc. joined forces to launch a new real estate investment firm, Global Fund Investments, LLC...
Stay Off My Turf
Jun 1, 2007 12:00 PM
A squirrel at a shopping center in Port St. John, Fla., did not take kindly to customers treading on its turf. I've never seen one act like that, Carol Williams told WESH-2 News....
PROJECTS & PEOPLE
Jun 1, 2007 12:00 PM
Bayer Properties, LLC held a ground-breaking for Front Range Village, a $120 million development in Fort Collins, Colo. ...
To Russia, with Dough
Jun 1, 2007 12:00 PM, Elaine Misonzhnik
Cleveland, Ohio-based Developers Diversified Realty Corp. became the first U.S. REIT to announce a major development initiative targeting the Russian Federation and Ukraine...
Go West
Jun 1, 2007 12:00 PM
In a bid to take advantage of institutional capital's interest in real estate investment Inland Western Retail Real Estate Trust Inc. entered into a definitive agreement to form a $1 billion joint venture with an unnamed pension fund advised by Morgan Stanley Real Estate....
Smooth Sailing
Jun 1, 2007 12:00 PM, Elaine Misonzhnik
Retail REIT performance exceeded consensus analyst expectations in the first quarter, with companies across the board posting strong FFO and earnings growth....
Mail Me in the Shoe Department
Jun 1, 2007 12:00 PM
Saks Fifth Avenue says the new shoe department at its New York City flagship is so big that it needs its own zip code. The store is revamping its shoe...
Buyer Beware?
Jun 1, 2007 12:00 PM, Elaine Misonzhnik
The commercial real estate sector is still in the mergers and acquisitions mode, with two new deals announced in late May involving a national brokerage firm and a commercial mortgage lender. ...
IN PROGRESS: The Golden Triangle
Jun 1, 2007 12:00 PM
Location: Murrieta, Calif. Size: 1.3 million square feet Developer: Domenigoni Barton Properties and The Garrett Group Ground-breaking: Fall 2008 Architect:...
BUSINESS DEALS
Jun 1, 2007 12:00 PM
The Wilder Companies acquired a portfolio of 10 shopping centers totaling 2.3 million square feet from the Flatley Company. The portfolio includes dominant...
Convention Buzz
Development Reigns Supreme
Jun 1, 2007 12:00 PM, David Bodamer
With cap rates remaining near record lows, retail real estate firms searching for higher yields continue to plow projects into development and redevelopment pipelines. ...
Heard on the Floor
Jun 1, 2007 12:00 PM
A couple of years ago Google's appearance at the Trade Expo set off all kinds of buzz. But Tempe, Ariz.-based Aerial Express, which has produced aerial views and maps for developers for nearly 50 years, isn't sure what all the fuss was about....
Feldman Files
Jun 1, 2007 12:00 PM, David Bodamer
Feldman Mall Properties reported its delayed year-end earnings, putting to rest any lingering questions about the company's performance. Most importantly,...
Seeing Red
Jun 1, 2007 12:00 PM
In what might be the first venture of its kind, Kansas City, Mo.-based lifestyle center developer RED Development, LLC partnered with Schussler Creative, Inc., the founder of Rain Forest Caf and other entertainment attractions, to invest in a nationwide rollout of new concepts....
Industry Not Worried
Jun 1, 2007 12:00 PM
When the same-store figures for April came in showing it had been the worst month in the nearly 40 years that stats have been tracked, one had to wonder if it was the beginning of the death knell of the American consumer....
Going Deep into Retail
Jun 1, 2007 12:00 PM, David Bodamer
In recent years there has been a proliferation of former professional athletes particularly Dallas Cowboys getting involved in retail real estate. Now, you can add former Cowboys receiver Michael Irvin to the list. ...
Lots To Talk About
Jun 1, 2007 12:00 PM
Madison Marquette, a Washington, D.C.-based investor, developer and operator of retail and retail mixed-use real estate, had a lot to talk about at the Spring Convention. Just prior to the convention's kickoff, the firm had not one but two big announcements to make....
Rapid Pace
Jun 1, 2007 12:00 PM
Contractors have adopted a unique system in constructing the $7.5 billion City Center project on the Las Vegas Strip the largest commercial development...
Features
Locked And Loaded
Jun 1, 2007 12:00 PM, By Elaine Misonzhnik
Cashmere for toddlers, handmade lotions and soaps from an agricultural cooperative in northern Israel and tuxedos for Gen-Y males are just a few of the new products retailers are designing new concepts around....
Bush League No More
Jun 1, 2007 12:00 PM, By Elaine Misonzhnik
When P. Evan Farahnik, principal of real estate investment and acquisitions firm StarPoint Commercial Properties, LLC, first entered the retail real estate arena 15 years ago, he was a firm believer in investing in primary markets only....
Retail Lender List
Jun 1, 2007 12:00 PM
A year ago it seemed interest rates were finally on the rise as 10-year Treasuries crept above 5 percent and seemed destined to move even higher. Today the notes are actually priced less than they were at the same time last year....
Management Office
No Return
Jun 1, 2007 12:00 PM, Riccardo A. Davis
Is this any way to treat a guest? Target Corp., noted for its superior customer service, has ratcheted back its comparatively lenient return policy. ...
Bankrupt Space
Jun 1, 2007 12:00 PM, By Elaine Misonzhnik
When Kmart, then the second largest discount retailer in the country, filed for reorganization under Chapter 11 bankruptcy in January 2002, many shopping center owners were taken aback....
More or Less
Jun 1, 2007 12:00 PM, By Patricia L. Kirk
Escalating retail property values and falling cap rates have put pressure on owners and developers to make money on operations, which in turn is pressuring third-party property managers to squeeze every dime out of centers they oversee....
EXPERT Q&A: Setting Up Shop
Jun 1, 2007 12:00 PM, Michael Tesler
Retail Traffic: How does today rate as a time for developing new concepts? Is there demand for new retail? Tesler: It's very dangerous to answer a question that broad. If you've got all your stuff together, if you have the right concept at the right time in the right place with the right customer, it is a good time....
