Last month, Fresh Thyme Farmers Market opened its doors in our North West Square shopping center in Columbus, Ohio. The grocery chain, a full-service specialty retailer focusing on healthy and organic offerings, is on an aggressive expansion throughout the Midwest and chose our shopping center as its first location in Ohio.… 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.

We were there to capture the event, including one-on-one interviews with Target Store Team Leader John Storey and Borough President James Molinaro.… 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

A few weeks ago we shared on our blog some of Kimco’s key financial results from the fourth quarter. Most notably, our occupancy rates, rental rates, and same-property NOI grew significantly for the quarter and the year. We also reiterated the importance of continuing to follow our growth strategy that we first discussed during Investor Day 2013.… Read More

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

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

With redevelopment a crucial aspect of Kimco’s growth strategy, we wanted to create a central place where our stakeholders can find detailed information on the projects in our pipeline. We’ve just added a new page on our website where you can read about the plans and status of Kimco’s redevelopment projects.… Read More

In the REIT business, there’s always a transaction that stands out in your mind for being special, unique, or exceptionally rewarding on a personal level. For many of us at Kimco, that special transaction is our agreement with Opportunity Village, one of Nevada’s largest and most well-known charitable organizations.… 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