Competition for core, stabilized shopping centers in the U.S. has typically been stiff, and it’s easy to see why. These centers are well-leased by strong tenants and have a sturdy anchor tenant — usually a grocer or other major retailer. As a result, these centers are usually very stable and generate strong sales for tenants.… Read More
Kimco Realty capped off a solid 2012 with a fourth quarter performance that beat analyst expectations, as the company continued to make progress on its strategic objectives and deliver improved operating results amid stronger demand for retail space.
Our reported funds from operations (FFO) as adjusted — a widely used supplemental measure of REIT performance — came in at $0.33 per diluted share in the fourth quarter, up 10 percent over the prior year.… Read More
In formulating our views for the retail real estate market in 2013, I keep going back to the notion of a pendulum swinging. There’s reason to be both optimistic as well as cautious about nearly every issue and trend that could impact the industry this year.… Read More
Krystina Cabrera has always enjoyed getting massages and facials at the spa. But it wasn’t until she was 37 that she decided to go back to school and turn her passion into a business. Today, that passion has helped make her one of the first Kimco KEYS tenants, with the opening of Bella by Krys Day Spa in Kimco’s Melrose Village Plaza in Vista, Calif.… Read More
The marketing team at Novilhos Brazilian Steakhouse has an appetite for cross promotions this Valentine’s Day, and the approach is serving up short-tail and long-tail business benefits for the Kimco tenant. Not only are diners from around the Bellevue, Wash., area jumping to reserve tables for Feb.… Read More