Many commercial real estate brokers are looking forward to when the sagging economy firms up, vacancies fall and transaction volume picks up again. Retail property specialist Reza Etedali of Sperry Van Ness must hope that things remain just as...
The storefronts of a handful of surviving tenants are festooned with signs announcing special sales. Their neighbors are padlocked, windows papered over — the only advertising message is the name of the leasing broker. There are plenty of parking...
Wal-Mart Stores Inc.'s chief executives' compensation skyrocketed in 2002. Chief Executive Officer Lee Scott earned $18.28 million last year, including $13.1 million in restricted stock, more than doubling his 2001 payout, according to a filing...
In its 1960s heyday, Villa Italia, a 1.5 million-square-foot enclosed mall in Lakewood, Colo., was a luminary among regional centers. But by 2001 it stood empty, like the fossilized shell of a long-extinct animal, as 80,000 cars drove past daily...
The retail industry has been a mixed bag over the last 18 months. Despite a weak job market, declining confidence and falling stock prices, 2002 consumer spending increased by a healthy 3.8 percent (excluding cars)...
Retail Traffic Associate Editor David Sokol recently sat down with Max Steele, vice president of San Francisco-based architecture firm Gensler, to talk about the architect's role in remalling, trends that are influencing remalling projects and...
Of all urban markets, Manhattan has posed the greatest challenge to big-box retailers. From Wal-Marts in Los Angeles to Lowe's in Chicago, the discounters that have changed the face of suburban retailing have penetrated major cities. But not...
It's not just Retail Traffic that's soothsaying the state of the retail business in 2010. At its 2003 Strategic Outlook Conference, consulting firm Retail Forward released a report entitled Twenty Trends for 2010: Retailing in an Age of...
Like a latte whose foam has gone flat, the once-hot Cosi café chain has lost some of its flavor. From its opening in 1996, the New York-based eatery drew rave reviews for its flat-bread sandwiches and coffee creations served in a trendy yet casual...
In the lingering aftermath of 9/11, no one expected a spectacular year for leasing activity in Manhattan. But 2002 is now on record as one of the strongest years in the history of New York City retail real estate. In addition, a reasonable degree...
