October 1, 2007
Departments
Editor's Letter: Gauging the Rate Cut
Oct 1, 2007 12:00 PM, David Bodamer Editor-in-Chief Retail Traffic Magazine
When Federal Reserve Chairman Benjamin Bernanke unexpectedly sliced the federal funds rate by half a percentage point on September 18, the stock market...
Traffic Patterns
Oct 1, 2007 12:00 PM
REITs especially retail REITs posted an impressive rebound in August after six months of weak results. Shopping center and freestanding retail...
Corrections
Oct 1, 2007 12:00 PM
In the Retail Architecture Review 2007 the Auto Mercado project on p. 17 was mis-identified as being located in California. The project is in San Jose,...
Traffic Report
Back-to-School Jitters
Oct 1, 2007 12:00 PM, Elaine Misonzhnik
Looking for a sign that this year's holiday shopping season will be slow? Check the back-to-school numbers. As the eight-week-long season (the second...
Tesco's Landing Plans
Oct 1, 2007 12:00 PM
Tesco, the third largest retailer in the world, clarified its plans for penetrating the U.S. market. The company plans to aggressively roll out its U.S....
Confessions at the mall
Oct 1, 2007 12:00 PM
Since 2001, three Catholic priests have set up a spot at The Citadel Mall in Colorado Springs to hear confessions, according to the Wall Street Journal....
Projects & People
Oct 1, 2007 12:00 PM
North American Properties will develop the Courthouse MarketPlace, a 900,000-sq.-ft. regional shopping center in Chesterfield County, Va. Completion is...
Scalding-Hot Coffee Wars
Oct 1, 2007 12:00 PM, Elaine Misonzhnik
The coffee wars scorch on. Retail wunderkind Starbucks Corp. has come up with a few new tricks in recent months in its attempts to widen the lead it has...
Marching On
Oct 1, 2007 12:00 PM, Elaine Misonzhnik
In the first half of the year, it seemed retail REITs announced joint ventures on an almost daily basis. But will the recent troubles in the debt market...
Forget Curfews. Try Mosquitos
Oct 1, 2007 12:00 PM
An increasing number of U.S. mall owners are adopting curfews to control teen populations at their properties. But here's an interesting alternative being...
On Sale
Oct 1, 2007 12:00 PM, Elaine Misonzhnik
Anxious to take advantage of the favorable real estate investment climate before it fades any further, Carrefour SA, the French rival to Wal-Mart and...
Mixed-Use: 330 Hudson Street
Oct 1, 2007 12:00 PM
Location: New York City Size: 410,000 sq. ft. Developers: Tribeca Associates LLC, Square Mile Capital management LLC and Latus Partners Cost: $220 million...
Business Deals
Oct 1, 2007 12:00 PM
RiverRock Real Estate Group has formed a joint venture with the Alamo Group and Dudum Investments. The new entity, known as Diablo RiverRock Inc., will...
Rising Caps
Oct 1, 2007 12:00 PM, Elaine Misonzhnik
The retail real estate industry feared this moment for the past three years, but everyone knew it would come. The first hints arrived early this summer,...
Global Power
Oct 1, 2007 12:00 PM, Elaine Misonzhnik
International real estate services giant Jones Lang LaSalle, Inc. plans to expand its operations in China, with one of the company's senior executives...
In Progress: El Monte Transit Village
Oct 1, 2007 12:00 PM
Location: El Monte, Calif. Size: 60 acres Cost: $1.2 billion Developer: Titan Group Ground-breaking: 2008 Completion: 2013-2015 Buzz: Built around the...
Cracking Down on a 4-year Old
Oct 1, 2007 12:00 PM
Security guards in a shopping center in Britain threatened to throw a 4-year-old girl out of the property for wearing a hooded sweatshirt, according to...
Features
Balancing Act
Oct 1, 2007 12:00 PM, By Elaine Misonzhnik
The life and culture in Portland, Maine, has always revolved around the sea. The city's history goes back nearly 400 years, when it was founded as a small...
Clean Campaign
Oct 1, 2007 12:00 PM, By Mike Janssen
Perhaps it is a sign that retail real estate has become a mature industry. After decades of flying under the radar screen of organized labor, malls have...
Upside and Down
Oct 1, 2007 12:00 PM, By Elaine Misonzhnik
Two years ago, home builders couldn't construct houses fast enough to meet demand. They transformed huge tracts of lands into millions of new single-family...
A Swiftly Tilting Palate
Oct 1, 2007 12:00 PM, By Lauren Shepherd
With the restaurant industry expected to take in record sales this year of $537 billion, food concepts from upscale to casual...
Midwest
Sailing Through
Oct 1, 2007 12:00 PM, Jennifer Popovec
Ohio's economy has seen better days. At the heart of the Rust Belt, the state's growth has trailed national averages. However, things have been a bit...
Steiner Strikes Again
Oct 1, 2007 12:00 PM, Jennifer Popovec
Columbus-based Steiner + Associates, noted for being the team behind the influential Easton Town Center, has brought its act to Glendale, Wis. There the...
Marshall Plan
Oct 1, 2007 12:00 PM
To mark the one-year anniversary of the changeover from Marshall Field's to Macy's, dozens of protesters gathered outside Macy's huge State Street store,...
Rapid Growth
Oct 1, 2007 12:00 PM, Jennifer Popovec
Grand Rapids, located in the western section of Michigan, is doing better than cities in the eastern part of the state. The second largest city in the...
Twin Poles
Oct 1, 2007 12:00 PM, Jennifer Popovec
Minneapolis-St. Paul has had better days than many of its other Midwestern counterparts. The Twin Cities, whose population is about 3.5 million people,...
Midwest Briefs
Oct 1, 2007 12:00 PM
Cabot Investment Properties appointed Jones Lang LaSalle as the leasing and managing agent for three malls in Ohio and Indiana totaling 1.8 million sq....
Flatlining in the Heartland
Oct 1, 2007 12:00 PM, By Jennifer Popovec
As most of the United States enjoyed an expanding economy over the past five years, the Midwest has suffered devastating job losses more than 500,000...
Return on Insurance
Oct 1, 2007 12:00 PM, By Jennifer Popovec
Over the past few years the U.S. coasts have been hammered by hurricanes while the Midwest escaped disaster. In August that changed. The Midwest region...
Southeast
Turf Wars
Oct 1, 2007 12:00 PM, Elaine Misonzhnik
A recent ruling on a broker "turf law" in Kentucky might spell trouble ahead for a handful of other states. For years, the Bluegrass state required that...
Documenting Dead Malls
Oct 1, 2007 12:00 PM
Daven Gee, a university professor and filmmaker, is producing a documentary, Our Mall, exploring why some malls in the Kansas City area died or are in...
Growth in Kentucky
Oct 1, 2007 12:00 PM, Riccardo A. Davis
Throughout the Southeast, auto plants have created jobs and drawn developers' interest. (See story on p. 77.) In Kentucky, the city of Bowling Green has...
Berry Nice
Oct 1, 2007 12:00 PM, Elaine Misonzhnik
After three years in the planning process, Brentwood, Tenn.-based Boyle Investment Co. is getting ready to break ground on the Berry Farms Town Center,...
Southeast Briefs
Oct 1, 2007 12:00 PM
The Trammell Crow Co. appointed api(+) to design the Posner Commons Shopping Center, a 600,000-sq.-ft. retail center in Tampa, Fla. Barry Real Estate...
Auto Plants Steer Retail Down South
Oct 1, 2007 12:00 PM, By Riccardo A. Davis
Overlooking the city of Birmingham, Ala., is a statue of Vulcan a remnant of the city's former reign as one of the largest steel and iron producers in...
Peach Cobbler
Oct 1, 2007 12:00 PM, By Elaine Misonzhnik
Mention Atlanta and images of uncontrolled urban sprawl and descriptions of hellish commutes inevitably arise. For years the city, the ninth largest in...
Management Office
Green Burgers
Oct 1, 2007 12:00 PM, Elaine Misonzhnik
The green movement is heating up with fast food restaurants serving up environmentally friendly helpings. Getting caught up in the groundswell surrounding...
Technology Bit by Byte
Oct 1, 2007 12:00 PM
A decade ago, talk was that the Internet would revolutionize retail real estate. Back then, the feeling was that it was just a matter of time before online...
Expert Q&A: Partnering Up
Oct 1, 2007 12:00 PM, WILLIAM H. HUDNUT III
Retail Traffic: What opportunities do economic development officials see in partnering with the private sector? Hudnut: They are usually hoping to achieve...
