Retail's robust returns will begin to shrink in 2005, but the sector will remain an attractive investment compared to other commercial property sectors and investments, according to a new forecast by Principal Real Estate Investors, Real Estate...
Exhibitors and attendees (6,000 visited the show) crammed themselves into the New York Hilton this week for the International Council of Shopping Centers' New York Idea Exchange. There wasn't enough space for all the exhibitors, many of whom had...
The Thanksgiving weekend started with a bang, and ended with a whimper. Black Friday was hot, with a 10.8 percent increase in sales to about $8 billion, according to the National Retail Federation. But Saturday was not, with $5 billion in sales, a...
As the Shoppes at Columbus Circle in the $1.7 billion Time Warner Center closes in on its first anniversary, the developer is optimistic that the vertical center in New York has overcome some early snags to post strong sales...
Big weddings and honeymoons in Vegas made the headlines in 2004. People splurged on luxury items (a $10 million zeppelin from Neiman Marcus?) but were stingy with carbohydrates. Retailers and real estate execs joined the jet set, with trips to...
As if there isn't enough competition for retail assets, a new crop of eager investors has found the way into the market. It's the tenant-in-common (TIC) structure, which enables individual investors to pool their resources to chase retail deals...
The Mills Corp. will lead development of an 830,000-square-foot retail and entertainment center at the historic Mercati Generali, former site of the food market, in Rome. It's in a good neighborhood: The Coliseum and Roman Forum are nearby. Mills...
Pennsylvania Real Estate Investment Trust has signed an agreement to purchase the 1.1 million-square-foot Orlando Fashion Square in Orlando, Fla., for $123.5 million. PREIT will buy the mall from an affiliate of Colonial Properties Trust and its...
When the news of Kmart Holding Corp.'s plan to buy Sears, Roebuck and Co. broke in mid-November, the headlines were all about how the discount and department-store giants were banding together to better withstand the onslaught of Wal-Mart Stores...
