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Common sense says to adopt the Marketplace Fairness Act
Dave Henryon May 16, 2013
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
The new shape of the health club market
Tom Simmonson May 5, 2013
The health club, gym, and fitness club market is stronger than ever, to the tune of over 52 million members driving $26 billion in revenue. To give that some perspective, movie ticket sales hit only $10.8 billion last year, a record for its industry.… Read More
Kimco in the news: Q1 2013 recap
Dave Bujnickion April 21, 2013
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
Our Suburban Square lifestyle center on Philadelphia’s Main Line proved to be an ideal example of the growing demand for healthy retailers.… Read More
Kimco ready for a strong run in 2013
Dave Bujnickion May 14, 2013
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
Sustainability in commercial real estate: Key motivators, measurements, and policies
Will Teichmanon May 1, 2013
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
Major Kimco acquisition on Connecticut’s “Gold Coast”
Josh Sommeron April 17, 2013
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
Family grocery store grows by staying close to its roots
Scott Tuckeron May 8, 2013
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
Puerto Rico: A successful Kimco investment
Paul Pumaon April 23, 2013
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
Why Kimco and REITs are showing strong returns
Dave Bujnickion April 11, 2013
Kimco has put forth a concerted effort over the past several quarters to increase the quality of our portfolio through strategic acquisition, deposition, and redevelopment. Mad Money’s Jim Cramer invited Kimco on his show to talk about where we stand in our activities.… Read More