The New South is earning its name this year, with a number of firsts pushing retail development to new levels in the states of North Carolina, South Carolina, Tennessee, Georgia, Alabama, Mississippi, Louisiana and Florida. Developer The Harris...
The explosion caused the ground to tremble and glass to fly. Just before Christmas in 1983, a car bomb detonated outside London's Harrod's department store. Well-prepared U.K. shoppers, used to Irish Republican Army threats, hit the ground face...
Simon's Taubman takeover rhetoric seems to be losing steam in the face of the Bloomfield Hills, Mich.-based REIT's recent court victory in its home state. Many Wall Street analysts who previously viewed the takeover as a done deal are now...
Mall owners may have several more vacant anchor spaces to fill if Sears proceeds with plans to move out of shopping centers and into freestanding buildings. At an analyst conference last week, Sears CEO Alan Lacy indicated the retailer's long-term...
To help shoulder its expensive takeover fight, Taubman Centers is capitalizing on sky-high mall prices to sell Biltmore Fashion Park in Phoenix for $158.5 million. Santa Monica, Calif.-based Macerich, which already owns six Phoenix malls, is...
A wave of capital continues to flow into commercial real estate as investors remain cautious about other investment vehicles in a tepid economic recovery. The total value of assets in real estate investment trust (REIT) mutual funds increased by...
Diamond engagement rings drove second-quarter sales up 18 percent for Tiffany & Co., but the iconic jeweler thinks women who buy their own bijoux are the next growth market. It is investing $13 million in gem designer Temple St. Clair's new...
Even if you don't live in California, your local government is probably poorer than it used to be. As states put together their 2004 spending plans, they face a budget deficit more than twice that in fiscal 2003, ended June 30. A survey of 41...
JPRA Architects enters its 25th year of business still focused on its core success of service to the retail industry. Our projects include new and renovated super-regional malls, value, lifestyle, Main Street retail developments, tenant stores...
