December 1, 2008
Departments
Editor's Letter: Looking for a Retail Hero
Dec 1, 2008 12:00 PM, By David Bodamer, Editor-in-Chief
It seems like not a day goes by without one retailer or another announcing that it is closing stores, declaring bankruptcy or opting to liquidate. In...
Traffic Patterns
Dec 1, 2008 12:00 PM
Investors fled from retail REITs in October leaving most of the companies very near 52-week lows. General Growth Properties is now down more than 98 percent...
Traffic Reports
Double Trouble
Dec 1, 2008 12:00 PM, By Elaine Misonzhnik
Circuit City's announcement last month that it was closing 155 stores, or 21 percent of its 721 U.S. locations, and planning to start lease renegotiations...
The Haute Spot
Dec 1, 2008 12:00 PM
Many retailers may be cutting back on openings. But Teen Vogue has decided now is the time to experiment with opening stores. The magazine opened a store,...
Kimco Shuffles Management
Dec 1, 2008 12:00 PM
New Hyde Park, N.Y.-based Kimco Realty Corp., one of the largest retail REITs in the country, is making some tweaks to its management structure. Kimco...
Projects & People
Dec 1, 2008 12:00 PM
Hopkins Real Estate Group and Rockwood Capital completed the 47th Street Pavilion, a 500,000-sq.-ft. shopping center in Palmdale, Calif. CBL & Associates...
Headed Down
Dec 1, 2008 12:00 PM
Shopping center REIT performance continued to erode during the third quarter. Nearly half of the shopping center REITs missed analyst estimates and several...
In Progress: Randhurst Village
Dec 1, 2008 12:00 PM
Location: Mt. Prospect, IL Developers: Casto Lifestyle Properties and JPMorgan Size: 100 acres Completion: Summer 2010 Buzz: Randhurst Mall will be renovated...
Business Deals, December 2008
Dec 1, 2008 12:00 PM
Sperry Van Ness negotiated the sale of 440 Commons, a 162,533-square-foot shopping center in Jersey City, N.J., from Developers Diversified Realty to...
Before the Fall
Dec 1, 2008 12:00 PM
As 2008 draws to a close, it seems likely it will take with it one of the REIT industry's oldest stalwarts, General Growth Properties. More than a month...
White Knight
Dec 1, 2008 12:00 PM
Westfield Group and Commerzbank AG opened the $2.8 billion 1.6-million-square-foot Westfield London the largest mall in the United Kingdom. It is the...
Shaky Ground
Dec 1, 2008 12:00 PM
A novel proposal by Target investor, William Ackman, that the discount retailer sell the land underneath its big boxes and spin off the real estate into...
New Stark Reality
Dec 1, 2008 12:00 PM
The economic slowdown has claimed another high-profile project. Stark Enterprises for years has been pushing a vision for a dramatic revitalization of...
Features
The Lost Year
Dec 1, 2008 12:00 PM, By Elaine Misonzhnik
Those in the retail real estate industry who hoped a market recovery would come swiftly and painlessly in the early stages of 2009 are going to disappointed....
Retail Development Listings
Dec 1, 2008 12:00 PM
The slowdown in the retail real estate industry is evident in this edition of Retail Traffic's development listings. Many firms have cut 2009 pipelines...
Bargain Hunting in Manhattan
Dec 1, 2008 12:00 PM, By Marc Hequet
Despite dire forecasts that New Yorkers will reign in their spending for everything but the basics, Spanish retailer Zara is forging ahead with opening a store on Manhattan's Upper West Side....
Management Office
You've Got the Retail Network
Dec 1, 2008 12:00 PM, David Bodamer
Feeling they weren't getting enough face-to-face time with clients and contacts, a handful of young retail real estate pros in New York have launched...
Gearing Up for President Obama
Dec 1, 2008 12:00 PM, By Mike Janssen
Voters across the country celebrated Barack Obama's historic electoral victory pouring on to the streets in spontaneous celebrations as America elected...
Expert Q&A: A Slow Recovery
Dec 1, 2008 12:00 PM, By Bob Bach, Senior vice President and Chief Economist for Grubb & Ellis
Grubb & Ellis' chief economist Bob Bach spoke last month at the company's 2009 forecast preview. Bach, who says there is no question we are now in a recession,...
