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
New Yorkers are known for their partiality to their borough. So I might ruffle some feathers with what I’m about to say. But I think you’ll understand my reasoning by the end of my post. Staten Island is the jewel of New York, and a great area to own retail real estate from Kimco’s perspective.… Read More
Several of our properties and people have caught the media’s attention lately, and we wanted to share the goings-on in case you missed them. Here’s a look at what’s been happening lately:
“Indoor Kart Racing Facility Could Ride Into Cinnaminson.” We’re working with Speed Raceway to possibly occupy a space in our shopping center on Route 130 in Cinnaminson, N.J.… Read More
As Geoff Glazer explained in a previous post about Kimco’s property redevelopment process, we continually analyze our portfolio to identify new ways to add value to our centers and enrich the shopping experience for customers. Through our own analysis and by keeping the lines of communication open with our retailers and the local community, we can make the best use of our real estate — keeping our centers leased by high-quality tenants that meet the community’s needs.… Read More
In an effort to create value in our existing portfolio of properties, Kimco continually analyzes redevelopment and retenanting opportunities. Redevelopment keeps a property fresh; ensures continued retail foot traffic; repositions the property for future growth; and increases cash flow, NOI, and property value — thereby maximizing value to both the community and our shareholders.… Read More
In my last post, I gave an overview of how Kimco chooses properties to redevelop. Redevelopment is a fundamental way we ensure continued foot traffic and growth at Kimco’s properties, and increase the value of those properties for the communities in which they’re located and for our shareholders.… Read More
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