Retailers are stocking the shelves for what the National Retail Federation says will be $18.2 billion in spending this Valentine’s Day. Though slightly down from last year’s $19.7 billion in spending, consumers can nonetheless expect to find their special someone a Valentine’s surprise from favorite shops decked out in pink and red for the holiday.… 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.
This week Target announced plans to open two smaller format stores, formerly known as TargetExpress, in Long Island later this year. One of these stores will be in our Meadowbrook Commons center in Freeport, New York. These will join three other flexible format stores opening throughout the New York City boroughs in 2016.… Read More
Kimco Realty capped off a solid 2012 with a fourth quarter performance that beat analyst expectations, as the company continued to make progress on its strategic objectives and deliver improved operating results amid stronger demand for retail space.
Our reported funds from operations (FFO) as adjusted — a widely used supplemental measure of REIT performance — came in at $0.33 per diluted share in the fourth quarter, up 10 percent over the prior year.… Read More