Costco Headed for Manhattan?
Jul 1, 2005, David Koch
Costco could be the next big-box retailer to penetrate the dense Manhattan market. The Issaquah, Wash.-based company said it is in negotiations to anchor...
CONVENTION BUZZ: ICSC: As Good As It Gets?
Jun 1, 2005
After nearly three years of outstanding performance by the retail real estate business, executives at the annual ICSC convention in Las Vegas were talking...
Heard On The Floor At ICSC Convention
May 25, 2005
One of the more creative concepts that a handful of developers are floating is home furnishing centers. California-based Birtcher Development LLC is hunting for opportunities to build centers that would be dominated by chains like Ethan Allen. The demand for furnishings is being generated by the single-family housing boom, which still shows few signs of slowing (on Tueday, the National Association of Realtors reported a new record for existing home sales in April). Markets like Dallas, Phoenix and Las Vegas remain likely targets. Architects DFD CornoyerHedrick are also bullish on the concept and have a few projects in the works in the Phoenix metro area....
Almost Live, From Las Vegas
May 25, 2005
It has been a lively three days in Las Vegas for the record 40,000 that the International Council of Shopping Centers say are in attendance. The staff of Retail Traffic has been wandering the exhibit halls and listening in on the conference program for interesting tidbits. Here’s some of what we learned....
Heard On The Floor
May 24, 2005
CoStar Group Inc. is taking a deliberate approach in ramping up its retail operations. The company is aiming to add 600,000 retail properties by the end of next year to the 40,000 it has now--much of which came in its recent acquisition of the National Research Bureau from Claritas). The company’s aim is to be the preeminent data source for market rents, vacancy rates and other industry metrics....
As Good As It Gets
May 24, 2005
After nearly three years of amazing performance by the retail real estate business, executives at the annual ICSC convention in Las Vegas were talking almost wistfully about the end of the good old days: Someday soon, they say, this cycle has to wind down. “We’re due for a downturn,” says Greg Maloney, CEO of Jones Lang Lasalle retail Nobody is talking about a catastrophic collapse, but there is a clear sense that money is beginning to cycle out of retail projects and into other sectors of commercial real estate. Harvey Green, CEO and President of brokers Marcus & Millichap says he subscribes to the theory that the Federal Reserve’s tightening is now directed specifically at easing the real estate bubble-especially in residential housing....
Welch Urges Execs To Avoid Complacency
May 23, 2005, By Matt Valley
Be tough, urged Jack Welch, the colorful former CEO of General Electric, at the Las Vegas Hilton on Sunday afternoon.Welch stressed the behavior that earned him the nickname “Neutron Jack,” telling execs not to be afraid to weed out non-performers, either working to improve their output or else letting them go....
Industry Upbeat as Show Starts
May 23, 2005, By David Bodamer
Increasing talk of a real estate bubble is not fazing industry executives heading into this year’s ICSC Spring Convention. In fact, most think the mood is the most upbeat it’s ever been. ...
Another Week, Two More Deals
May 5, 2005
The rapid makeover of the retail industry continued unabated last week. Private equity investors Texas Pacific Group and Warburg Pincus LLC agreed to buy Neiman Marcus for $5.1 billion and the Saks has agreed to sell two department store divisions -- McRae's and Proffitt's -- to Belk for $622 million. Texas Pacific and Warburg are continuing the trend of private equity firms to pour money into retail. ...
Hungry for New Restaurants
May 1, 2005, By James Murdock
Parlez vous Franais? Oui? Good, because it could be the new language of shopping center restaurant cuisine. French bashing, so popular just a short time...
