Most Clicked ICSC SmartBrief Stories
1. RECon 2012: Retailers talk about their expansion plans
ICSC SmartBrief | May 23, 2012
Retailers were active on the RECon floor, seeking new leases and deals. International growth was also part of the mix, with both U.S. retailers seeking space abroad and retailers from Canada, Australia and New Zealand coming to the U.S. SCT Newswire (05/22)
2. Mood optimistic at RECon as retail fundamentals improve
ICSC SmartBrief | May 23, 2012
The mood was far more optimistic at the RECon 2012 show, hosted by the International Council of Shopping Centers, said industry spokesman Jesse Tron. Besides the overall improvement in the economy, fundamentals in the retail space are improving. With retail vacancies starting to level off, Tron says new development could pick up within a few years. Las Vegas Review-Journal (05/21)
3. Vornado places retail centers in New York, New Jersey on the market
ICSC SmartBrief | May 23, 2012
Wall Street Journal, The (05/22)
4. Simon said to have found a buyer for its DeSoto Square retail center
ICSC SmartBrief | May 25, 2012
SNL Financial (free content) (05/23)
5. Retail centers contemplate how to fill space left by Sears
ICSC SmartBrief | May 25, 2012
Retail center owners are watching Sears as it makes plans to close stores. Some analysts speculate that it will close more stores than initially expected. Single tenants might replace some of these stores, but in most cases, the vacant space will likely be remodeled to accommodate several tenants. "It's going to be tough because there aren't a lot of natural replacements for Sears," said Macerich CEO Art Coppola. Wall Street Journal, The (05/24)
6. Phillips Edison JV acquires 2 grocery-anchored centers for $14.1M
ICSC SmartBrief | May 23, 2012
American City Business Journals (05/21)
7. RECon 2012: City leaders vied for retail development:
ICSC SmartBrief | May 23, 2012
City leaders attending RECon were aggressive in their attempts to bring retail developers to their locales. They pointed to retail-friendly measures they have taken, such as concierge services for new retailers to navigate the local government, as well as incentives they offer, such as low interest loans. SCT Newswire (05/22)
8. Retail centers' attrition rate predicted to be 10% or more
ICSC SmartBrief | May 23, 2012
Green Street Advisors predicts that 10% of U.S. retail centers will be renovated or torn down to create a new use. Some in the industry think the percentage will be higher, according to participants at the International Council of Shopping Centers’ RECon show. Drivers of this attrition include online retail sales and the tendency of retailers and shoppers to go to the strongest retail centers. Wall Street Journal, The (05/22)
9. Westfield pushes forward with retail plans for World Trade Center
ICSC SmartBrief | May 23, 2012
The first retail stores in the new World Trade Center could open by March 2015, Westfield said. It expects to be able to announce the first retailers for the site by the first half of 2013. Attendees at RECon got a preview of what the retail space will look like: 352,000 square feet spread over five stories, three above-ground and two below ground. Chicago Tribune (05/21)
10. Southdale Center in Minn. to undergo a $19.1 million renovation
ICSC SmartBrief | May 29, 2012
SNL Financial (free content) (05/25)
Sign up for ICSC SmartBrief
