Pride, AMBITION, Daring and Disaster 2003
Dec 01, 2003
A $1.7 billion hostile-takeover fracas kept the REIT world buzzing for months. Discounters made still more gains, even as some big-name retailers sank into bankruptcy. And through it all, retail real estate was among the hottest investments on the...
Von Maur Moves In
Dec 01, 2003
When bankrupt Jacobson's closed its stores at two Michigan malls, Midwest department store chain Von Maur took over. And after Wichita, Kan.-based Henry's vacated a 40,000-square-foot space at Wichita's Towne East Center, Von Maur came to the...
RETAIL FACE OFF: Battle Of The Baubles
Dec 01, 2003
In a market that grew only 3 percent last year, specialty jewelry chains are fighting to win business from independent jewelers, a fast-dying breed, and each other. No one jeweler controls more than 6 percent of the $23 billion dollar-a-year...
PROJECTS & PEOPLE
Dec 01, 2003
Bayer Properties and Forest City Enterprises are teaming up to develop The Summit shopping center, an 800,000-square-foot, mixed-use complex in Bethlehem Township, Pa., to open in 2006. The center will include two anchors and will be based on...
Kohl's Enters Skin Trade
Dec 01, 2003
To grab more market share from department stores, Kohl's is teaming up with Estée Lauder to introduce an exclusive line of moderately-priced cosmetics and skin care products into 300 stores next fall. Kohl's will devote between 500 square feet and...
Out With the Old, In With the New
Dec 01, 2003
Most retailers are bidding a fond farewell to 2003, which they hope will go down in history as a transition from bad times to good. They're also embracing what they expect to be a promising new year...
Two Ways To Take Europe
Dec 01, 2003
European retail development, once prohibitively expensive for U.S. real estate companies, now looks promising. Simon, for one, is upping its ante with a joint venture to own, manage and develop new shopping centers throughout Italy...
NORTHEAST INTELLIGENCE
Dec 01, 2003
Forest City Ratner Co. and its local partners (Moreland Development and Synterra Ltd.) began construction of Quartermaster Plaza in South Philadelphia. The $100 million, 540,000-square-foot shopping center on the site of a defunct U.S. Army...
Double Duty
Dec 01, 2003
Wal-Mart Supercenters are shopping malls unto themselves. In addition to their grocery, toy, apparel, sporting goods, jewelry, pet, and other departments, they also include photomats, barber shops, wireless phone shops and even Taco Bells or KFCs...
CORRECTION:
Dec 01, 2003

In our November issue, we incorrectly stated the percentage of Simon Property Group's stake in the Mall of America. The correct amount is 27.5 percent.

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