The ICSC Foundation announced Monday that a $500,000 fund seeded by the DeBartolo families, DeBartolo Corp. and DeBartolo Holdings will provide a scholarship for a graduate student in retail, real estate or a related field. Edward J. DeBartolo, who died 20 years ago, built a retail real estate company that grew to include 63 enclosed retail centers and other real estate properties in 23 states.
University Mall in Tampa, Fla., may soon feature a grocery store, a warehouse club and offices, the new owner's redevelopment plan indicates. New York-based RD Management bought the center last week for $29.5 million.
Efforts by U.S. retailers to open locations tailored to Hispanics have not been successful. Small bodegas and midsize grocery chains offer competition in the market, but Wal-Mart Stores is testing The Más Club in Houston, a Latino-themed warehouse store, as well as Supermercado de Walmart.