November 1, 2007
Departments
Editor's Letter: 'Tis the Ever-Expanding Season
Nov 1, 2007 12:00 PM, David Bodamer Editor-in-Chief Retail Traffic Magazine
If you tuned in to WNOU-FM in Indianapolis on October 8, what to your wondering ears did you hear? Jingle Bells. Or Silent Night. Or White Christmas....
Traffic Patterns
Nov 1, 2007 12:00 PM
A LOOK THROUGH THE STOCK PRICES More retail REITs are in positive territory for the year after a month of solid gains between mid-September and mid-October....
Traffic Reports
Development Yields Shrink
Nov 1, 2007 12:00 PM, Elaine Misonzhnik
Suddenly, development doesn't seem like quite the safe bet that it did at the beginning of the year for retail REITs. As the downturn in the housing market...
Centro Organizes Malls, Lifestyle
Nov 1, 2007 12:00 PM
As part of Centro Properties Group continued reorganization in the wake of its acquisition of New Plan Excel, the firm has launched a dedicated team to...
March of the Shirtless
Nov 1, 2007 12:00 PM
The Abercrombie & Fitch flagship on New York City's Fifth Avenue employs a male model to stand shirtless near the store's entrance. A comedy troupe, Improv...
Projects & People
Nov 1, 2007 12:00 PM
The Desco Group opened the first phase of Belleville Crossing, a $90 million, 125-acre retail commercial center in Belleville, Ill. When completed, the...
Best of Traffic Court
Nov 1, 2007 12:00 PM
Secret Apartment at Providence Place David Bodamer October 2nd, 2007 5:18 pm Here's a wacky story. An artists' cooperative built a secret 750-square-foot...
A Strike for Retail
Nov 1, 2007 12:00 PM, Riccardo A. Davis
Retail developers looking to complement their entertainment offerings within mixed-use projects are bringing back a blast from the past bowling alleys....
In Progress: Newpark
Nov 1, 2007 12:00 PM
Location: Park City, Utah Developers: Territory Inc. and Newpark Corp. Size: 820,000 sq. ft. Cost: $350 million Opening: Summer 2009 Buzz: Located 30...
Coyote's Big Plans
Nov 1, 2007 12:00 PM
After seeing its portfolio shrink to just one property the Tempe Mall Dallas-based Coyote Management L.P. was sitting on a lot of capital and talent,...
Meeting Of The Minds
Nov 1, 2007 12:00 PM, Elaine Misonzhnik
A budding relationship between electronics big-box retailer Best Buy and Apple, Inc. will expand a line of Apple stores-within-stores at Best Buy locations...
Credit Crunch Concerns
Nov 1, 2007 12:00 PM, David Bodamer
Go to an ICSC event and you'd be hard-pressed to sense there are any deep concerns about the health of the real estate industry. Booths bustle with activity....
Mall Cops: The Movie
Nov 1, 2007 12:00 PM
Kevin James the former King of Queens star has signed on to write, produce and star in an upcoming comedy called Mall Cop. The plot focuses on a mall...
Private Equity Repositions
Nov 1, 2007 12:00 PM
Real estate private equity funds which have become a dominant force within the commercial real estate world may have pulled back a bit because of the...
Business Deals
Nov 1, 2007 12:00 PM
Faris Lee Investments negotiated the sale of three retail centers in Texas for $30 million in a 1031 exchange. The centers, totaling 150,000 sq. ft.,...
Branching Out
Nov 1, 2007 12:00 PM, Elaine Misonzhnik
In an effort to branch out its offerings, Los Angeles-based real estate investment firm SCI Real Estate Investments announced the formation of SCI Capital...
Opening: The Mall At Partridge Creek
Nov 1, 2007 12:00 PM
Location: Clinton Township, Mich. Developer: Taubman Centers, Inc. Size: 640,000 sq. ft. Anchors: Nordstrom, Parisian, MJR Cinema Opened: Oct. 18, 2007...
Run for the Border
Nov 1, 2007 12:00 PM, Riccardo A. Davis
Parking lots at shopping centers near the United States's northern border are suddenly jammed with vehicles with Canadian license plates as cross-border...
Holding Back on Luxe
Nov 1, 2007 12:00 PM, Elaine Misonzhnik
One of the defining trends of the retail industry in the past decade has been a great hollowing out of the middle. Mid-tier chains have struggled or disappeared...
Pyramid Effect
Nov 1, 2007 12:00 PM, Elaine Misonzhnik
The bidders continue to be few and far between, but Morgan Stanley REIT analysts Matthew Ostrower and Mick Chiang say the sale of the 16-center B-mall...
Wal-Mart Owns Manhattan
Nov 1, 2007 12:00 PM
OK. Not really. But a recent study of Wal-Mart's space shows that all the real estate in Wal-Mart's stores added together would equal the size of Manhattan....
Soft Landing
Nov 1, 2007 12:00 PM
The U.S. commercial real estate market will experience a slowdown next year, with rising cap rates and tightening lending requirements, says a recent...
Red Hot
Nov 1, 2007 12:00 PM
Chanel, Marc Jacobs and Diane von Frstenberg are among the luxury designer brands ponying up record-setting rents for their high-visibility West Coast...
Canada Bound
Nov 1, 2007 12:00 PM, Elaine Misonzhnik
Beachwood, Ohio-based Developers Diversified Realty Corp. has entered a joint venture to develop a project in Toronto, fueling speculation that the REIT...
Pop Go the Toys
Nov 1, 2007 12:00 PM
Toys'R'Us is going the pop-up shop route with a temporary store in New York City. What's odd about that is pop-up shops are usually used when retailers...
In Progress: The Pavilion At Port Orange
Nov 1, 2007 12:00 PM
Location: Port Orange, Fla. Developers: CBL & Associates Properties, Inc. and the Benchmark Group Size: 550,000 sq. ft. Ground-breaking: Winter 2008 Opening:...
Features
Sporting Chance
Nov 1, 2007 12:00 PM, By Jennifer Popovec
Americans love sports Professional leagues have become multibillion dollar institutions as ravenous fans pack stadiums and arenas and spend even more...
Changing Course
Nov 1, 2007 12:00 PM, By Elaine Misonzhnik
When Vista, Calif. signed a contract with a local developer for the creation of a mixed-use project on a city-owned parking lot near its downtown in 2005,...
Back to the Future
Nov 1, 2007 12:00 PM, By Elaine Misonzhnik
Libby Gronbach, a 15-year-old Connecticut native, spends a lot of time online, like most of her Generation Y peers. She watches videos on YouTube, checks...
The Whole of Whole Foods
Nov 1, 2007 12:00 PM, By John Egan
Whole Foods Market Inc.'s real estate cart continues to fill up. In August, the country's largest grocer of natural and organic foods finally closed on...
Collateral Damage
Nov 1, 2007 12:00 PM, By Beth Mattson-Teig
This year was supposed to be the coming-out party for the commercial real estate collateralized debt obligation (CRE CDO) market. After topping $35 billion...
At the Crossroads
Nov 1, 2007 12:00 PM, By David Bodamer
What's the outlook for regional mall REITs? It depends whom you ask. Investors have shied away from the sector in recent months and REIT analysts have...
Northeast
Top of the World
Nov 1, 2007 12:00 PM, Elaine Misonzhnik
Manhattan's retail real estate market continued to outshine the rest of the country through the first three quarters of 2007, supported by steady employment...
No Smoking
Nov 1, 2007 12:00 PM
Effective Jan. 1, Pyramid Cos. will prohibit smoking anywhere on the property at one of upstate New York's largest malls Carousel Center in Syracuse....
New and Noteworthy
Nov 1, 2007 12:00 PM
The residents of Monmouth County, N.J., will get a new place to shop on Nov. 8, when Santa Monica, Calif.-based mall owner Macerich Co. will unveil a...
Northeast Briefs
Nov 1, 2007 12:00 PM
Cedar Shopping Centers, Inc. purchased six shopping centers in the northeastern United States totaling 870,000 sq. ft. for approximately $117 million....
Fit for Queens
Nov 1, 2007 12:00 PM, Elaine Misonzhnik
After several years of delays, Vornado Realty Trust started construction on its Rego Park Mall II project in May, a $550 million vertical mixed-use development...
Steady as She Goes
Nov 1, 2007 12:00 PM
Protected by high land prices and fierce opposition to new development, the northern New Jersey retail market continues to post a healthy performance...
Soup's On!
Nov 1, 2007 12:00 PM, By Chuck Green
For decades, Camden, N.J., a city of 80,000 residents just across the Delaware River from Philadelphia, has been infamous for its high crime and poverty...
Starting Over
Nov 1, 2007 12:00 PM, By Elaine Misonzhnik
After decades of planning and false starts, the Yonkers renaissance appears ready to finally take off. Gleaming new luxury condos, ambitous mixed-use...
Management Office
Retailers on Tour
Nov 1, 2007 12:00 PM
Although it doesn't include Bruce Springsteen, the Rolling Stones or even Hannah Montana, a national tour featuring some names that are just as recognizable...
Doctoring Sales
Nov 1, 2007 12:00 PM, By Riccardo A. Davis
The doctor will see you now. Don't be surprised to hear that phrase the next time you visit your neighborhood pharmacy. Drugstore chains have joined the...
Creating a Big Bang
Nov 1, 2007 12:00 PM, By Mike Janssen
Fake snow is falling, harried shoppers are gobbling granola bars on the go and Santa and Mrs. Claus are already alight at malls, creating a blizzard of...
Reeling Them In
Nov 1, 2007 12:00 PM, By Patricia L. Kirk
Although mall marketing managers may be doing all they can to prolong the holiday shopping season and pulling out all the stops to keep consumers at their...
Expert Q&A: Taking the Fast Lane
Nov 1, 2007 12:00 PM, Andrew Scott CEO, Centro Properties Group
Australia-based Centro Properties Group earlier this year acquired New Plan Excel Realty Trust. As a result, despite operating in the U.S. for less than...
