One vote down, one to go. The Marketplace Fairness Act is finally moving through Congress, with the U.S. Senate passing the bill on May 6th by 69-27. The act would give states the authority to collect sales tax from online retailers — just as they do with brick-and-mortar retailers — to at last level the playing field between the two sellers.… Read More
Local and national media outlets have continued to feature Kimco’s news and commentary on the retail and REIT markets. Here’s a roundup of some noteworthy Q1 coverage.
Retailers betting on healthy options for consumers
Just like the field that charged out of the gate at the recent Kentucky Derby, Kimco has come out strong in 2013, with first-quarter operating results that exceeded expectations.
Our reported funds from operations (FFO) rose 6.5 percent over the prior year, and our same-site net operating income (NOI) climbed 4 percent — not only our twelfth consecutive quarter of growing NOI, but our highest quarterly increase in five years.… Read More
Many owners and managers of commercial real estate, including Kimco, believe that sustainability and corporate responsibility initiatives are one way to drive long-term growth and value creation within the industry. But many questions and challenges remain about the strategies, policies, and resources required to enact change.… Read More
The affluent town of Wilton, Conn., is home to Kimco’s latest acquisition, Wilton River Park. Kimco has acquired the remaining property on the 283,000-square-foot complex, after purchasing the Wilton Campus Shops portion in August 2012.
Wilton River Park comprises 20 acres of premier office and retail properties in Lower Fairfield County, a region known as Connecticut’s “Gold Coast” for its wealthy residents and upscale culture.… Read More
Beyond the fresh meats and vegetables, weekly specials, and featured recipes, there’s one thing that Neiman’s Family Market has always been serving — the community.
The Neimans have held their neighbors close to heart as they’ve grown their business from a small start-up in Alpena, Mich., into a family-owned company that’s marking its 30th anniversary this year.… Read More
In 2006, Kimco Realty acquired seven shopping centers in the Commonwealth of Puerto Rico. The commitment and efforts from our people assigned to these assets have shaped this portfolio into a very successful and stable investment.
A driving force behind the success of the Puerto Rico properties is the strong sales performance of many U.S.-based retailers on the island.… Read More