When Kmart, then the second largest discount retailer in the country, filed for reorganization under Chapter 11 bankruptcy in January 2002, many shopping center owners were taken aback. What was going to happen to the more than 2,000 stores the...
The commercial real estate sector is still in the mergers and acquisitions mode, with two new deals announced in late May involving a national brokerage firm and a commercial mortgage lender. But the rationale for such transactions seems to be...
In recent years there has been a proliferation of former professional athletes — particularly Dallas Cowboys — getting involved in retail real estate. Now, you can add former Cowboys receiver Michael Irvin to the list. Irvin held court at the...
A squirrel at a shopping center in Port St. John, Fla., did not take kindly to customers treading on its turf. “I've never seen one act like that,” Carol Williams told WESH-2 News. A woman walked into the CVS at the center with the squirrel...
A story that ran in our May issue and on our Web site on Feldman Mall Properties contained several errors. We reported consensus analyst expectations for fourth quarter FFO of $0.24 per share. Consensus was actually $0.19 per share. Feldman's...
Location: Murrieta, Calif...
With cap rates remaining near record lows, retail real estate firms searching for higher yields continue to plow projects into development and redevelopment pipelines. Foreign investors and small investors — like 1031 exchange buyers — are still...
The 2007 ICSC Spring Convention will be remembered as the year sustainable design went mainstream. Dozens of developers were talking of their first significant steps toward adopting green techniques in upcoming projects. And the sense of...
A couple of years ago Google's appearance at the Trade Expo set off all kinds of buzz. But Tempe, Ariz.-based Aerial Express, which has produced aerial views and maps for developers for nearly 50 years, isn't sure what all the fuss was about...