Our insights on Kimco’s business progress and perspectives regarding retail real estate attracted news media nationwide throughout the third quarter. Notably, CRE Radio called upon CEO Dave Henry to help educate the industry about ongoing developments with the Marketplace Fairness Act, and National Real Estate Investor tapped Executive Vice President and COO Conor Flynn to share his viewpoints on up-and-coming retail concepts.… Read More
You might have read on our blog this summer about Kimco’s participation in the Environmental Defense Fund’s (EDF) Climate Corps program. Climate Corps places top-tier graduate students into large organizations to make the business case for energy efficiency. This summer, Linus Ik-Pyo Hong, a graduate student at Columbia University, joined Kimco’s Sustainability Team.… Read More
Kimco joined 40 organizations two weeks ago at the Drive the Dream event hosted by the California Plug-in Electric Vehicle Collaborative in San Francisco. Calif. Gov. Jerry Brown led a round-table meeting with some 50 business leaders, including myself, who shared their corporate commitments to social responsibility, and specifically, their pledges to support the plug-in electric vehicle (PEV) market.… Read More
Kimco is continuing to redevelop its Richmond Shopping Center on Staten Island, with a major piece coming into place earlier this month. Target opened a new store at the center, cutting the ribbon on 135,000-square-feet of big-box shopping.
Redevelopment continues to be one of Kimco’s major value creation strategies. We are excited about our redevelopment pipeline that invests resources back into our real estate. The rewards of redevelopment go much further than the key metrics of value creation, solid returns on our investment, and higher occupancy rates.… Read More
One of the most highly anticipated FOMC meetings occurred in September based on the market’s anticipation that the Fed would announce the beginning of “tapering.” The Fed’s announcement to hold off tapering has created significant ripples throughout the financial community. However, we’re seeing some net positives for the REIT industry over the medium term.… Read More
About one in two Americans will be celebrating Halloween this year, or 158 million people, according to the National Retail Federation. They’ll be spending an estimated $6.9 billion on costumes, candy, decorations, and other festive goods.
But as with every Halloween, some costumes will be more popular than others.… Read More