The retail market in Boston, Massachusetts was always a famously tough nut to crack. Demand for space has increased while the vacancy rate, currently hovering only around 4.3 percent, has been in steady decline. Rents are on the rise in this densely infilled market and new construction is booming all over the city and out into the suburban ring.… Read More
Shopping centers are getting healthier. That’s the focus of a USA Today video spotlighting Kimco’s Suburban Square in Ardmore, Pa. Mark Bachus, Suburban Square’s General Manager, spoke to USA Today about the center’s trend toward adding tenants that promote healthier lifestyles, which include sweetgreen restaurant, the Ardmore Farmers Market, Trader Joe’s, Fruitti Yummi frozen yogurt, lululemon, and City Sports.… Read More
The biggest retail news story right now is, naturally, the 2012 holiday shopping season results. In November and December, national retail sales and foot traffic each increased 2.5 percent compared to the same two months last year, according to ShopperTrak.
Kimco has been discussing this story, as well as many others over the past quarter, in national and local media outlets.… Read More
On Memorial Day, I visited the Boston Marathon memorial in Copley Square. Sorrow was the overwhelming feeling after seeing the makeshift memorial with the many banners, toys, and seemingly thousands of pairs of sneakers. It was hard not to relive the nightmare-like story that occurred on that afternoon and how all of the innocent families were impacted.… Read More