If you’re a landlord or property manager, you know that leasing your small shop space has become increasingly challenging. Retail follows jobs and housing, and the recovery on both of these fronts has been slow.
Small business lending has showed lackluster growth, and competition from big box and online retailers continues to threaten small shops.… Read More
Earlier this year we blogged about 12 retail real estate trends to watch in 2012. We’ve gotten a number of responses to it, including this one from Eric Odem, Principle Broker for Net Lease Commercial Advisory in Tampa, Fla.:
Mike, as the average age of our US malls continues to increase, when do you think we will start to see meaningful rework of the old style mall to become more sensitive to the shrinking large box and e-tailers?
There are several factors anchoring our thinking as to how 2012 will play out for the retail real estate market. We look at the market trends that have shaped and are continuing to shape the industry, the economic climate domestically and abroad, as well as activity happening in our portfolio and the trends we’re seeing among our tenants.… Read More
Kimco has several new strategic initiatives and projects underway that have been catching the attention of the business community this quarter. I’d like to share a few of the highlights featured by the media.
“Mad Money” interviews Kimco CEO Dave Henry
Kimco CEO Dave Henry discussed the company’s strong performance numbers with Jim Cramer, host of CNBC’s “Mad Money,” in February.… Read More
Jim Cramer invited Kimco to be on his CNBC show, “Mad Money,” last week to talk about Kimco’s solid fourth quarter 2011 earnings results. We also got to talking about what I see as an important trend in the retail market — constrained retail space — and why I believe Kimco is well-positioned to take advantage of this.… Read More
Several more Kimco people and properties have been in the news since we posted our last media coverage wrap-up. Here’s a round-up of some more December stories in case you missed them:
“Executive Suite: David Henry.” Newsday’s Christine Giordano interviewed our CEO, Dave Henry, for the publication’s weekly Executive Suite column.… Read More
Sodimac Home Center and Constructor went below the surface to take home improvement shopping to new heights in Viña del Mar, Chile. In December, Sodimac opened its latest location on the underground floor of Kimco’s Espacio Urbano Viña Centro shopping center.… Read More
I’m not going to tell you how irate brick-and-mortar retailers are with Amazon, because you already know — you’re feeling it yourself. You’ve been trying to overcome its unfair sales tax advantage. You’ve been grappling with its ongoing “attack on Main Street businesses,” as Sen.… Read More
