Two decades ago, restaurants accounted for 10% to 15% of shopping center leasing in the Dallas area, according to one expert. Today, that percentage has grown -- one new shopping center will lease almost 50% of its space to eateries -- and restaurants often serve as anchor tenants to attract traffic.
Simon Property Group acquired a 3.5% stake in Liberty International for $222 million. The move sparked rumors that Simon may make a bid for its U.K. shopping center rival. Donald Gordon, Liberty founder and life president, holds a 21% stake in Liberty and could be a potential kingmaker in such a deal.