September 1, 2007
Departments
EDITOR'S LETTER: Time for the Panic Button?
Sep 1, 2007 12:00 PM, David Bodamer Editor-in-Chief Retail Traffic Magazine
For years everyone connected to retail real estate has been saying that the good times couldn't last forever. But no one predicted the downfall could...
TRAFFIC PATTERNS
Sep 1, 2007 12:00 PM
Deriving Value Standard & Poor's launched its long-awaited commercial real estate indexes the S&P/GRA Commercial Real Estate Indices in August and later...
Traffic Reports
Shuffling The Deck
Sep 1, 2007 12:00 PM
Call it the Westfield Two-Step. In deals worth a combined $1.43 billion, Australian mall giant Westfield Group reached agreements with regional mall REITs...
Early Warnings
Sep 1, 2007 12:00 PM
The back-to-school shopping season was not even over before some retailers came forward to temper expectations about the upcoming holiday shopping season....
Roller Coaster Shopping
Sep 1, 2007 12:00 PM
A supermarket in China has installed tracks on all five of its floors. Shoppers sit for the ride and can grab the items they want along the way. According...
PROJECTS & PEOPLE
Sep 1, 2007 12:00 PM
Kite Realty Group will develop Parkside Town Commons, a 1.5-million-sq.-ft. mixed-use property in the Triangle Region of North Carolina. The $134 million...
United They Stand
Sep 1, 2007 12:00 PM
Shopping center REIT General Growth Properties, Inc. and diversified real estate operating company Forest City Enterprises, Inc. recently resolved conflicting...
After the Flood
Sep 1, 2007 12:00 PM
It's only one but it's a start. Two years after Hurricane Katrina struck the Louisiana Gulf Coast wiping out thousands of homes and businesses, General...
MIXED-USE: Watters Creek At Montgomery Farm
Sep 1, 2007 12:00 PM
Location: Allen, Texas Developers: Trademark Property Company, Developers Diversified Realty Corp., Coventry Real Estate Advisors Size: 1.15 million sq....
Boston's Big Deal
Sep 1, 2007 12:00 PM, Elaine Misonzhnik
In the largest portfolio sale in Massachusetts history, Dividend Capital Total Realty Trust Inc., a Denver-based diversified REIT, reached a deal to acquire...
What's New In Curfews
Sep 1, 2007 12:00 PM
In March, Retail Traffic examined the sudden proliferation of curfews at retail properties across the country. At that time 39 properties in the country...
On the Brink
Sep 1, 2007 12:00 PM, Riccardo A. Davis
After more than two years of consecutive quarterly losses and hemorrhaging cash, Pier 1 Imports is ditching some of its business, cutting jobs and ratcheting...
IN PROGRESS: The Streets Of Buckhead
Sep 1, 2007 12:00 PM
Location: Atlanta Developer: Ben Carter Properties Inc. Contractor: Balfour Beatty Construction Size: 800,000 sq. ft. Price: $1.2 billion Ground-breaking:...
A New New York Mall or Maybe Not
Sep 1, 2007 12:00 PM
A giant wall-sized poster in New York's Lower East Side advertising a proposed mall caused a huge furor in the neighborhood. The poster advertised something...
REIT Report Card Pt. I
Sep 1, 2007 12:00 PM, Elaine Misonzhnik
In the face of pedestrian retail sales and crashing stock prices, four of the eight regional mall REITs delivered solid second quarter results. The most...
IKEA Gets Hostel
Sep 1, 2007 12:00 PM
No, the Swedish furniture giant is not getting in on another Eli Roth torture flick. But the firm is adding a hostel to one of its stores in Norway. Dubbed...
REIT Report Card Pt. II
Sep 1, 2007 12:00 PM, Elaine Misonzhnik
The results are in and shopping center REITs largely bucked pessimistic expectations and posted strong operating results for the second quarter despite...
BUSINESS DEALS
Sep 1, 2007 12:00 PM
Meridian Capital Group arranged a $33 million loan for Oak Tree Shopping Center, a 190,000-sq.-ft. retail property in Edison, N.J. The loan featured a...
Buyback Plans Return
Sep 1, 2007 12:00 PM
It has been years since any retail REITs exercised options to buy back stock. There really was no need. Retail REIT stock prices appreciated at incredible...
IN PROGRESS: Marshfield Plaza
Sep 1, 2007 12:00 PM
Location: Chicago Developer: Primestor Development Size: 440,000 sq. ft. Anchor: Target Opening: Fall 2008 Buzz: The community center, built on the site...
For Here or to Go?
Sep 1, 2007 12:00 PM, Riccardo A. Davis
Some grocers are taking the rise in the popularity of prepared foods really seriously by opening their own sit-down restaurants independent from stores....
One Small Step
Sep 1, 2007 12:00 PM
Amid bad news at home (same-store sales were up only 1.2 percent in the second quarter of 2007, compared to 1.5 percent during the same period last year),...
Rally 2012
Sep 1, 2007 12:00 PM, Riccardo A. Davis
Over the next five years the global real estate market is on pace to grow by nearly one half to $13.7 trillion according to a report in August by RREEF,...
One For The Books
Sep 1, 2007 12:00 PM
Woolbright Development Inc., a Boca Raton, Fla.-based owner and developer of shopping centers, set a company record by completing more than $100 million...
Net Connection
Sep 1, 2007 12:00 PM, Elaine Misonzhnik
In a bid to provide a more convenient shopping experience for its customers (and lift its sagging sales), electronics retailer Circuit City Stores, Inc....
Refreshing Development
Sep 1, 2007 12:00 PM, Patricia Kirk
Westfield is planning to build a third mall in Los Angeles' San Fernando Valley between two it already owns on Topanga Boulevard in Woodland Hills. Unlike...
Save River Oaks!
Sep 1, 2007 12:00 PM
It's not unusual for developers to clash with preservationists when trying to get projects completed. But in the case of the River Oaks Shopping Center...
Features
The Big Comedown
Sep 1, 2007 12:00 PM, By Jennifer Popovec
The spreads between 10-year Treasuries and CMBS loans now jump more in a couple days than they did in whole years. Those 10-year, interest-only loans...
Reaping The Rewards
Sep 1, 2007 12:00 PM, By Jennifer Popovec
Jeffrey Packard, an assistant vice president with life insurance company John Hancock, which does about $2 billion in commercial mortgage lending, has...
Bye-Bye Buy-Outs
Sep 1, 2007 12:00 PM, By Elaine Misonzhnik
Suddenly those barbarians don't look quite so more than two years private equity firms were titans of capital, raising mountains of cash and seemingly...
Time For The Fall
Sep 1, 2007 12:00 PM, By Elaine Misonzhnik
As the shopping center REIT sector along with all other REITs continues to get massacred in a stock sell-off, industry observers are keeping a stiff upper...
On Capitol Hill
Sep 1, 2007 12:00 PM, By Mike Janssen
Although the tremors in the credit markets mean that a lot of attention is being paid to what happens on Wall Street, the shopping center industry also...
Not So Fast
Sep 1, 2007 12:00 PM, By Lauren Shepherd
When the housing market began to seriously falter in 2006, some commentators raised the alarms that retail real estate would be next. After all, it is...
California
A Taste of Home
Sep 1, 2007 12:00 PM, Patricia Kirk
A joint venture of KOAR Wilshire Western LLC and the Los Angeles Metropolitan Transportation Authority is developing a project that will provide a two-way...
The New Regime
Sep 1, 2007 12:00 PM
Ontario Mills, one of the projects Simon Property Group acquired when it purchased Mills Corp., seems to be thriving under new ownership, according to...
CALIFORNIA BRIEFS
Sep 1, 2007 12:00 PM
Festival Real Estate Commercial Services is constructing the 80-acre El Centro Huntington Park in the mid-cities area of Los Angeles County. The proposed...
A Grand Debut
Sep 1, 2007 12:00 PM, Patricia Kirk
A new $300 million, one-million-square-foot regional shopping center opened in August at Tustin Legacy, a 1,600-acre master-planned community at the former...
Around The Towns
Sep 1, 2007 12:00 PM
California developers Opus West and Shea Properties are developing town center projects that will provide enticing downtown shopping districts for two...
Bay Area Sails
Sep 1, 2007 12:00 PM, By Patricia L. Kirk
A few years ago, when San Francisco's economy was in the doldrums after the collapse of the dot-com bubble and the mass devastation that wiped out huge...
California Greening
Sep 1, 2007 12:00 PM, By Patricia L. Kirk
A few years ago developers claimed that retail development was an unrealistic goal for retail development because multitenant projects can't be expected...
Management Office
Empowering Women
Sep 1, 2007 12:00 PM, Riccardo A. Davis
For years the Commercial Real Estate Women (CREW) Network has worked to increase the number of women employed in the industry. It has succeeded in that...
Curbing the Mall Drive-Thru
Sep 1, 2007 12:00 PM, By Riccardo A. Davis
In the 1980 movie The Blues Brothers, one of the most famous scenes is an over-the-top car chase in which Dan Aykroyd and James Belushi, on the run from...
Retail Education
Sep 1, 2007 12:00 PM, By Elaine Misonzhnik
Rachael Weinberg has her heart set on a career in retail real estate, having started her term in the management trainee program at Developers Diversified...
EXPERT Q&A: Young at Heart
Sep 1, 2007 12:00 PM, Thomas Pawlak
Retail Traffic: How much pressure does Taubman feel to attract younger employees? Pawlak: We realized about two years ago that we had a glut of Baby Boomers...
