Mills Corp. announced it is buying Silicone Valley, Calif.'s Great Mall of The Bay Area from Swerdlow Real Estate Group. The $265.5 million deal will provide a yield of approximately 8.6 percent, according to Mills. The 1.3 million-square-foot...
Big REITs are getting bigger, gobbling up properties across the country, and, with them, the management responsibilities. That's making it harder for third-party managers to expand — but not impossible...
For years, menswear retailers watched helplessly as sales declined. Between dress-down workplace dress codes and the male aversion to recreational shopping, it was difficult to generate traffic in men's specialty stores and men's sections of...
Insurance providers are cutting prescription drug benefits, triggering a slowdown in retail pharmacy sales. So chains have to boost front-end sales of consumables and beauty goods and extend hours to generate more business. Walgreens has expanded...
In 1999, Susie Levin Rice made the hardest business decision of her life. She sold the family company, RMC Realty Cos., to Konover Property Trust, while staying on as president...
You've heard it a thousand times. “Congratulations, (insert major sports figure). You've just won (insert major sports championship/accomplishment). What are you going to do next?” The reply has been the same since 1987, when Super Bowl MVP Phil...
This month, I decided to take a detour into cyberspace where — despite the dot.com bomb — online shopping is still going strong. I found out just how strong during a recent gift-buying spree that also showed some lingering problems...
“Accessible luxury” leader Coach is benefiting from the down economy as fashion plates favor $200 Coach bags over $650 Prada purses. The retailer saw comp sales jump 25.5 percent in its third quarter ending June 30, and expects to grow its store...
As department stores continue to lose market share, mall owners are purging weaker-performing assets from their portfolios, a strategy The Rouse Co. has aggressively pursued for a decade. During that stretch, the Columbia, Md.-based development...
