According to New York City-based real estate research firm Reis Inc., more than half of all retail properties it covers exhibited rent declines from the fourth quarter of 2008 to the first quarter of 2009. The chart illustrates quarter by quarter...
SKT Investments bought Crossroads Marketplace, a 539,270-square-foot retail center in Chino Hills, Calif., from CRCH, LLC for $79 million. The property houses PetSmart, Best Buy, Bed Bath & Beyond, Steinmart, Sport Chalet and CVS Pharmacy. The...
Although attendance is markedly down from the heights reached in 2007 and 2008, the mood of the annual ICSC RECon is far from morbid. According to ICSC, more than 30,000 people have registered for the event, although most attendees on the floor...
A new Realpoint report shows that commercial-mortgage backed securities (CMBS) delinquencies rose by $3.26 billion in April, to a trailing 12-month high of $17.15 billion. The overall delinquent balance represents a 329 percent increase from $3.99...
Today, few retailers would argue with the fact that finding the right site selection strategy is no easy feat. The U.S. retail landscape is littered with chains that seemed to have found the winning formula a few years ago only to end up closing...
Each month, Site Optimizer will discuss industry trends — most importantly, leasing issues—with experts in the retail real estate industry. This month we spoke to Nick Koros, senior vice president of development with Quiznos...
Retail sales in April fell 0.4 percent (±0.5%) from March and were 10.1 percent below April 2008—a worse drop that analysts had expected. Meanwhile, same-store sales rose, in part because of the Easter Shift. Retail Forward's tally of 35...
Even as some retailers cut back on opening new stores and building out new concepts, battery retailer Batteries Plus is expanding to small-town America...
