Hoping to grow its management and advisory business, Kimco Realty Corp. acquired Raleigh, N.C.-based Konover Property Trust late last week. On Friday, Konover shareholders approved the $285 million deal, which turned control of the company’s 5...
Inventory shrinkage, a combination of employee theft, shoplifting, vendor fraud and administrative error, cost United States retailers over $31 billion a year according to the latest National Retail Security Survey report on retail theft, which...
Last week, landlords and retailers moaned as the U.S. House of Representatives voted against H.R. 333, a bankruptcy reform bill that would make it harder to file Chapter 11. But the motivations of the two groups were quite different...
Moody’s has lowered its ratings of Simon Property Group following the Indianapolis, Ind.-based REIT’s unsuccessful bid last week to buy Taubman Centers Inc. for $1.5 billion in cash. Moody’s lowered Simon’s senior unsecured debt rating as well as...
Taubman Centers yesterday dismissed an unsolicited $1.48 billion cash bid by rival Simon Property Group — and said any sale would not be in the interest of its shareholders. But Wall Street analysts believe the REIT will get gobbled up sooner or...
Everybody knows one when they see one, but it's hard to clearly define what a lifestyle center is. That was the consensus among developers and retailers at ICSC's 2002 Open Air Centers Conference in Chicago this week...
Old Navy is winner of the third-quarter MVP award at Gap Inc. Retail analysts credit the division with driving an unexpected 20% year-over-year sales increase at the troubled retail company...
Old Navy is winner of the third-quarter MVP award at Gap Inc. Retail analysts credit the division with driving an unexpected 20% year-over-year sales increase at the troubled retail company...
Pan Pacific Retail Properties announced yesterday that it plans to purchase rival Center Trust, which would make it the largest West Coast public neighborhood shopping center REIT. If the stock-swap transaction, valued at around $600 million is...
While many grocery and drug retailers shudder at the thought of competing with category-killing Wal-Mart, Deerfield, Ill.-based Walgreens isn’t scared. In fact, Walgreens embraces the behemoth, according to David Bernauer, Walgreen Co.’s new...