Retail Traffic

Heard on the Floor

Buxton Co. is unveiling SCOUT, a system that will enable its customers to access all of Buxton’s customer data via the Internet. Users will have to pay a subscription fee to access the service, but Buxton wouldn’t discuss pricing until officially presenting the program later today. … CoStar Group, Inc. and Accruent, Inc., announced a new partnership between the two companies to develop and market an integrated platform that will provide on-demand access to CoStar’s commercial real estate data from within Accruent’s software. Customers who choose to take advantage of this integrated system must subscribe to CoStar’s property information services as well as Accruent’s RPM solution. … A couple of years ago Google’s appearance at the Trade Expo set off all kinds of buzz. But Aerial Express, which has produced aerial views and maps for developers for nearly 50 years, isn’t sure what all the fuss was about. Google’s here again. But Tempe, Ariz.-based Aerial Express thinks its product holds up against the competition. “Aerial Express updates its maps every year whereas Google’s maps are three to five years old in some cases,” says Bill Landis president. “They even use some of our outdated maps.” Aerial Express’ maps range from $4,500 for a small city up to $20,000 for a map of Southern California. … MapInfo, a Newport Beach, Calif.-based intelligence provider, say they haven’t yet seen any shifts either way in the demand for help on new retail projects and retailer expansions. What they are seeing, however, is that developers are running out of places to put new retail projects—which is why MapInfo recently signed an agreement with a company called Metrostudy to provide its clients with information on new housing activity and high growth markets in the United States. “As the existing markets have gotten saturated, developers need to know where the next wave is going to be,” says James R. Arthur, director of global retail with MapInfo. The new High-Growth Markets Data will provide information on more than 100,000 housing subdivisions, including the projects’ construction status and projects pending for approval within government agencies. … Callison, which has completed projects in China, the Arab Emirates and Russia, and is now getting into Libya, Jordan, Egypt and Morocco, prefers to work on overseas projects with local developers rather than U.S.-based companies. “Generally, they are less experienced, but they have local support and local connections and an understanding of the government agencies, so it’s more likely that their projects will actually happen,” says Robert J. Tindall, principal and president of Seattle, Wash.-based architecture and planning firm Callison. … Steve Lane Executive Vice President and Director, Global Capital Projects, at 3:30 PM will speak about Citi Realty Services’ “Green Retail Banking Experience” at the Green Pavilion. Citi will direct $50 billion over the next 10 years to address global climate change. … In some of the hottest retail markets in the country investors–particularly foreign capital and 1031 exchange buyers–are increasingly willing to acquire redevelopment projects before they have even become stabilized. The demand is so great in Florida, for example, that Pointe Development Co. is working on launching an “Advanced Acquisition Program” to market such deals, according to Alex Nigri, the firm’s vice president of business development. The firm acquires and begins master leasing strip and power centers in need of some work and is generally able to flip the properties in 18 to 24 months even before its re-leasing program is full worked out.

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