May 1, 2008
Departments
Divining Retail Real Estate
May 1, 2008 12:00 PM, Rich Santos Publisher
Among a crystal ball, tarot cards and a ouji board, we don't know which, if any, is more accurate in depicting the sector and where we're headed. We may...
Slowdown or Recession? Does it matter?
May 1, 2008 12:00 PM, David Bodamer Editor-in-Chief Retail Traffic Magazine
Seemingly since the fall there has been an ongoing debate waged on the question of whether the U.S. economy is merely in a slowdown or if it has entered...
TRAFFIC PATTERNS
May 1, 2008 12:00 PM
MOST POPULAR GROCERS BY REGION NORTHEAST MIDWEST SOUTH WEST ShopRite 10.3% Wal-Mart 15.0% Wal-Mart 24.4% Safeway 10.6% Stop 'n Shop 8.5 Kroger 9.6 Publix...
Bridgetown Mall's Diary
May 1, 2008 12:00 PM
May 22, 2007 Occupancy: 96 percent, very good Negotiations in progress: 3, not bad Acquisition offers: 20, excellent! The year seems to be off to a good...
Traffic Reports
LOCKED AND LOADED
May 1, 2008 12:00 PM, Elaine Misonzhnik
A handful of investors, in April grabbed their wallets and began shopping for retail real estate in the U.S., ready to pump billions of dollars into a...
Commercial Property Holds Steady
May 1, 2008 12:00 PM
A new report by Moody's Investors Service indicates that six of the seven commercial property types held their ground at the end of the first quarter....
PROJECTS & PEOPLE
May 1, 2008 12:00 PM
Adler Realty Investments Inc. opened the Agoura Design Center, a 120,000-sq.-ft. retail furniture center in Agoura Hills, Calif. Simon Property Group,...
Putting on the Brakes
May 1, 2008 12:00 PM
The higher gas prices that have been plaguing U.S. consumers since the beginning of the year have started to affect their shopping habits. In March, U.S....
NEW BIG APPLE
May 1, 2008 12:00 PM
The Apple Store's biggest store yet opened on Ninth Avenue and 14th Street in Manhattan....
Using Its Noodle
May 1, 2008 12:00 PM, Jennifer Popovec
Anyone who thinks ramen noodles are only for poor college students should visit wagamama, a United Kingdom-based, full-serve casual restaurant modeled...
Emerging Scene
May 1, 2008 12:00 PM, Patricia Kirk
A study to find out what motivates international retailers to expand to new markets or not provides insights to the real estate opportunities and challenges...
IN PROGRESS: SETTLERS RIDGE
May 1, 2008 12:00 PM
Location: Robinson Township, Pa. Developers: CBL & Associates Properties, Inc. and Faison Enterprises, Inc. Size: 600,000 sq. ft. Anchors: Giant Eagle...
ON THE PROWL
May 1, 2008 12:00 PM
As worries continue to spread about rising delinquency rates in the commercial real estate sector, lending institutions around the country are quietly...
Go East
May 1, 2008 12:00 PM, Patricia Kirk
Jones Lang LaSalle Inc. has formed a joint venture partnership with Colonial First State Property Management, Australia's largest full-service retail...
Expansion Plans
May 1, 2008 12:00 PM
Over the past several years, the Fresh Market has added 15 to 25 new stores per year. In 1985, the firm opened its first store outside of its home state...
Foodie Heaven
May 1, 2008 12:00 PM, Jennifer Popovec
When shoppers walk into the Fresh Market, their senses are overwhelmed with a range of scents and sights the aroma of coffee and freshly baked bread,...
Convention Hosts Aim to Capital
May 1, 2008 12:00 PM, John Egan
Denver merchant Vicki Raichart is perplexed. With just three months until the Democratic National Convention, Raichart is unsure how to prepare for the...
Shakeup at Talbots
May 1, 2008 12:00 PM, Lauren Shepherd
Talbots Inc. is looking to reinvent itself. Long known as your mother's favorite store, the fashions have become too in the words of new CEO Trudy Sullivan,...
IN PROGRESS: THE ORCHARD TOWN CENTER
May 1, 2008 12:00 PM
Location: Westminster, Colo. Developer: Forest City Enterprises Size: 983,000 sq. ft. Anchors: Macy's, JCPenney, AMC Theatres Buzz: This open-air lifestyle...
Conceptual Thinking
May 1, 2008 12:00 PM, John Egan
By 2006, the stores in the ShopKo retail chain were showing their age and their wrinkles. The red, white and blue color scheme looked outdated. Interiors...
MOTHER'S DAY
May 1, 2008 12:00 PM
The 500,000-square-foot Orchard-Stone Creek in Murrietta, Calif. is notable in that the project's design is meant to evoke the region's 150-year history...
Room to Grow
May 1, 2008 12:00 PM, Chuck Green
French cuisine soon might not be the only thing cooking in France, thanks to Asterop GeoIntelligence analytics, which provides a comprehensive picture...
On the Make
May 1, 2008 12:00 PM, Elaine Misonzhnik
It's been almost a year since the retail REIT sector saw a significant merger or acquisition, but one may soon be in the works between Inland American...
BUSINESS DEALS
May 1, 2008 12:00 PM
DZD Holdings closed a $20 million construction loan for Palmetto Gardens Plaza, a 108,000-sq.-ft. shopping center in Miami Gardens, Fla. Centrum Properties,...
Top Gun
May 1, 2008 12:00 PM, John Egan
During a Colorado skiing vacation in March, retail broker Glen Kunofsky went out of his way twice with wife and twin children in tow to check out the...
IN PROGRESS: CONSTITUTION SQUARE
May 1, 2008 12:00 PM
Location: Washington, D.C. Developer: StonebridgeCarras Size: 1.6 million sq. ft. Completion: 2010 Buzz: This mixed-use development in the NoMa neighborhood...
Messed Use
May 1, 2008 12:00 PM, Elaine Misonzhnik
Mixed-use developers seem to be caught in a rainstorm. In late March and early April, several high-profile mixed-use projects were either delayed or altered...
Home Field Advantage
May 1, 2008 12:00 PM, Jennifer Popovec
While most retailers consider places like Cape Girardeau, Mo. and Kingsport, Tenn. below their notice, Hibbett Sports Inc. is happy being the only game...
Waiting Game
May 1, 2008 12:00 PM, Elaine Misonzhnik
Concerns about the broader economy, a yawning bid-ask gap between buyers and sellers and scarce credit have created an incredible shrinking volume of...
Waiting for Stability
May 1, 2008 12:00 PM, Chuck Green
As retail investment properties demonstrate strong underlying fundamentals, some investors are awaiting a return to stability, according to the Jones...
OUT OF CAROLINA
May 1, 2008 12:00 PM, Elaine Misonzhnik
At a time when many developers are postponing their pipelines, a company out of North Carolina is pressing ahead with a project that would put the Mall...
Easing In
May 1, 2008 12:00 PM, Lauren Shepherd
U.K. supermarket operator Tesco PLC says it may be too early to start drawing conclusions about the popularity of its new Fresh & Easy Neighborhood Markets...
IN PROGRESS: THE SHOPS AT THE ARMORY
May 1, 2008 12:00 PM
Location: the Bronx, N.Y. Developer: The Related Cos. Size: 575,000 sq. ft. Cost: $310 million Buzz: Formerly the site of the historic Kingsbridge Armory...
Best of Traffic Court
May 1, 2008 12:00 PM
Maudlin Month of March David Bodamer April 10th, 2008 According to ICSC's data, released this morning, chain stores suffered through their worst March...
Cover Package
NEW DIRECTIONS
May 1, 2008 12:00 PM, By Anne Field
Eighteen months ago, Joshua Weinkranz's phone was practically ringing off the hook with calls from tenants looking for space in Kimco Realty Corp. properties....
Maximizing Real Estate
Making the Most of It
May 1, 2008 12:00 PM, By Jennifer Popovec
Retailers today are working hard to meet the needs of their customers while refining their concepts and minimizing operating costs. That means retailers,...
The Next-Best Bet
May 1, 2008 12:00 PM
Real estate developers and investors know it's tough to find financing today. But the real estate industry isn't suffering alone companies operating in...
Sub Sandwiches
May 1, 2008 12:00 PM
The next time you stop by your local department store, there's a good chance you might see a fast food restaurant or a vitamin shop taking up some of...
Fresh Faces
May 1, 2008 12:00 PM
In just a few months, residents in Sonoma County, Calif., will have a new place to shop for fresh and organic foods a Whole Foods Market. That, in and...
Window of Opportunity
May 1, 2008 12:00 PM
When a store goes dark, someone pays for that vacant space. Either the retailer pays rent on its unused space or the owner incurs the loss of income until...
Seeing Double
May 1, 2008 12:00 PM
When shoppers head to Fair Oaks Mall in Fairfax, Va., they can be excused for feeling a sense of d vu as they walk from one end of the mall to other....
Making the Grade
May 1, 2008 12:00 PM
It's only 8 a.m., but the parking lot at New River Valley Mall in Christiansburg, Va., is already full of cars. Inside the 396,000-square-foot mall, classes...
Investments
INVESTMENTS BRIEFS
May 1, 2008 12:00 PM
Ashkenazy Acquisition Corp. and the Carlyle Group purchased 650 Madison Ave., a 600,000-sq.-ft. retail/office property in New York City, from Hiro Real...
Capital Idea
May 1, 2008 12:00 PM, Poonkulali Thangavelu
The U.S. government may be facing a budget deficit situation but there are other governments around the world that have been busy deploying their surpluses...
RAISING THE STAKES
May 1, 2008 12:00 PM
The problems in the credit market are not stopping firms from finding ways to raise money. One way REITs are raising cash is by bolstering joint ventures....
Fund for All
May 1, 2008 12:00 PM, Chuck Green
It may seem like a strange time to raise a real estate fund. But not if you have the right audience. TIAA-CREF Asset Management recently launched U.S....
Diminished Expectations
May 1, 2008 12:00 PM, By Elaine Misonzhnik
Real estate brokers had hoped the steep decline in investment sales of retail properties in the last quarter of 2007 was a temporary setback. Now it's...
LOST LUSTER
May 1, 2008 12:00 PM, By Elaine Misonzhnik
To understand how the downturn in the U.S. real estate market will affect the direction of cross-border investment in retail properties this year, take...
Cautious Buyers
May 1, 2008 12:00 PM, By Beth Mattson-Teig
The Delaware REIT Fund has not lost its appetite for retail real estate. Despite the deluge of dismal headlines slamming the retail sector, the $107 million...
Development & Leasing
DEVELOPMENT BRIEFS
May 1, 2008 12:00 PM
Hopkins Real Estate and Rockwood Capital Corp. opened Vernola Marketplace, a 385,000-sq.-ft. retail center in Riverside County, Calif. Champion Retail...
A Brand Apart
May 1, 2008 12:00 PM
The city of Glendale, Calif., received a much-needed upgrade to its retail infrastructure with the May 2 opening of the Americana at Brand, a $400 million...
A LASTING LEGACY
May 1, 2008 12:00 PM, Chuck Green
Citing a retail void in the market, WS Development, in conjunction with National Amusements, in April began construction of Legacy Place, a 675,000-square-foot...
Lifestyle Goes Indoors
May 1, 2008 12:00 PM, Patricia Kirk
Westfield Group, an Australian-based mall operator, is adding a $240 million three-story, 400,000-square-foot indoor lifestyle retail component to its...
GRAVITATIONAL PULL
May 1, 2008 12:00 PM, By Elaine Misonzhnik
Want proof that the retail real estate market is in a slump? The tenants are rebelling. A year ago, everyone was clamoring to open new stores. Both large...
SOFT LANDING
May 1, 2008 12:00 PM, By Elaine Misonzhnik
The past few months have been trying for retail developers. Rent growth has slowed, vacancies are rising and it seems almost every day at least one retailer...
SOUTHERN EXPOSURE
May 1, 2008 12:00 PM, By Patricia Kirk
Canadians don't like everything about the United States, but they do love the lower prices. With the Canadian dollar, or Loonie, hitting a high of $1.10...
Finance
FINANCE BRIEFS
May 1, 2008 12:00 PM
Metropolitan Capital Advisors arranged a $29 million mortgage and a $3.25 million mezzanine loan for the acquisition of three Kroger-anchored shopping...
A Big Payday
May 1, 2008 12:00 PM, Marc Hequet
Good properties still draw financing. Witness Developers Diversified Realty Corp.'s big package with lenders that led Chairman and CEO Scott A. Wolstein...
Feeding the Pipeline
May 1, 2008 12:00 PM, Marc Hequet
A full pipeline needs cash and Weingarten Realty Investors of Houston gained some with a March recapitalization. Weingarten and AEW Capital Management...
SHOWING STRESS
May 1, 2008 12:00 PM
Since the fourth quarter of 2007 when the commercial mortgage-backed securities (CMBS) market effectively seized up, there has been concern that lax underwriting...
Subprime Spillover
May 1, 2008 12:00 PM, By Mike Janssen
Out of necessity, much of the national media's coverage of the country's deepening foreclosure crisis takes a big-picture view, focusing on broad economic...
DETROIT BLUES
May 1, 2008 12:00 PM
It's true that Detroit has seen many foreclosures in recent months. But for a city that's suffered economically for years, it's debatable whether this...
LEAVING LAS VEGAS
May 1, 2008 12:00 PM
Raw data suggest that Las Vegas is the epicenter of the nation's foreclosure meltdown. All but three of the top 13 zip codes hardest hit by foreclosures...
TAKING STOCK OF STOCKTON
May 1, 2008 12:00 PM
Sales and development enjoyed a brisk business in the Northern California city of Stockton during the real estate boom, but signs of leveling out are...
Turning Up the Heat
May 1, 2008 12:00 PM, By Ben Johnson
Community and mid-size banks, which comprise the bulk of all commercial real estate lenders in this country, are once again under the watchful eye of...
X-Rated
May 1, 2008 12:00 PM, By Hortense Leon
This winter and into the spring, bad financial news piled up like so much cordwood, fueling speculation that the current slowdown could unfold as one...
TRADE EXPO SQUARED
May 1, 2008 12:00 PM, By Beth Mattson-Teig
The Trade Exposition at ICSC's RECon will look a little different from years past. Just as the Leasing Mall grew last year, the Trade Expo will get a...
2008 TRADE EXPO EXHIBITORS
May 1, 2008 12:00 PM
ADVERTISING/ MARKETING/ PROMOTIONAL ITEMS David A. Suplee Architectural Illustrators - S3102 Image Packaging - S7090 MSD Visual - S5094 Neoscape, Inc....
Management Office
Magic Numbers
May 1, 2008 12:00 PM, Elaine Misonzhnik
With $105.7 billion in stimulus checks to be mailed to American consumers, many in the retail sector are banking on a quick fix to the recent slowdown...
What Would the Community Think?
May 1, 2008 12:00 PM, By Mike Janssen
Throughout his 35 years as a developer, Robert Stark has masterminded neighborhood shopping centers of various sizes. But the president of Cleveland-based...
DOWN MARKET DESIGN
May 1, 2008 12:00 PM, By David Sokol
In the business of architecture, a rule of thumb goes that the ups and downs of the industry generally lag those of the economy by anywhere between six...
Outsourcing's Smorgasbord
May 1, 2008 12:00 PM, By Buck Wargo
The sagging economy has served up a bounty for brokerage houses catering to the retail sector. Firms that specialize in outsourcing real estate management...
Crossing the T's, and Dotting the I's
May 1, 2008 12:00 PM, By John Egan
Following the 9/11 terrorist attacks and the subsequent economic slowdown, Leslie Mayer reevaluated her business. For more than 14 years, Mayer had operated...
Cash In Political
May 1, 2008 12:00 PM, John Egan
High-end men's clothing shop Heime's Haberdashery soon will be stocking up on white and blue dress shirts, ties and dress shoes. It's not because the...
Put the Rice Down Now
May 1, 2008 12:00 PM
In late April, major retailers in New York, in areas of New England and on the West Coast were limiting purchases of flour, rice and cooking oil as supplies...
Macy's CEO Pay Cut
May 1, 2008 12:00 PM
Macy's CEO Terry Lundgren took a $2.5 million cut in his cash payout in 2007, in a year when the company's profit and sales both declined. He did get...
Macerich, Whole Foods Make Nice
May 1, 2008 12:00 PM
The Macerich Co. and Whole Foods Inc. agreed to terminate the natural food grocer's lease of a 40,000-square-foot space at a property in Boulder, ending...
Starbucks' Mass Market Pitch
May 1, 2008 12:00 PM
Starbucks CEO Howard Schultz now in his second stint with the firm insists he's returning to the company's roots. But now the firm is adapting mass market...
Going All In
May 1, 2008 12:00 PM
Blockbuster launched a surprise $1 billion bid for sagging electronics retailer Circuit City in mid-April. Blockbuster, which has suffered as mail DVD...
Simon Says Redevelop
May 1, 2008 12:00 PM
Executives at Simon Property Group during a recent earnings call said the firm was delaying construction on some of its projects because of the weak sales...
Delinquencies Inch Up
May 1, 2008 12:00 PM
U.S. CMBS delinquencies rose in March by a measly 3 basis points bringing the delinquency rate to a still microscopic 0.33 percent. So far, commercial...
Coming Soon: The iMall?
May 1, 2008 12:00 PM
Apple has reportedly filed a patent entitled Enhancing Online Shopping Atmosphere that seems to be a virtual, three-dimensional store with sections devoted...
