The only consistent thing in retail real estate is change. Unlike other real estate sectors, the vibrant world of retail changes dramatically as new concepts pop up, existing concepts reinvent themselves, and outdated concepts fade away. And while change can sometimes be disruptive, we think it creates a great opportunity.… Read More
Kimco’s fourth-quarter and full-year results show a company that is in the sweet spot of supply and demand.
In the U.S., more than 81,000 stores are expected to open over the next two years (a five-year high), while new shopping center construction has hit a 35-year low. … Read More
After I lost half of my body weight 13 years ago, fitness became a huge part of my daily routine; no different than brushing my teeth or showering. So I was excited to see that a number of associates at our Vista, Calif., office expressed an interest in participating in an exercise program to improve their health after feeling dissatisfied with their annual health fair screening results.… Read More
Over the past year, I’ve written and spoken about Kimco’s efforts to advance environmental sustainability among our retail tenants. Our motivations are simple: Improving the sustainability performance of our tenants can lower their total cost of occupancy; preserve scarce resources, such as energy and water; and enhance the overall value of Kimco’s shopping centers.… Read More
Last week I shared my op-ed in Shopping Centers Today on the importance of the landlord-tenant relationship when it comes to developing and maintaining sustainable shopping centers.
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This work is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.… Read More
The National Retail Federation released its Valentine’s Day 2014 shopping forecast last week, predicting total spending to reach $17.3 billion. The average person is expected to spend $133.91 on the holiday this year, up slightly from $130.97 last year.
The NRF has also said that consumers will be “frugal with their budgets,” underscoring the importance of strategic promotions and deals this Valentine’s Day.… Read More