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Tenant Update

  • Smaller, local merchants bring new energy to shopping centers

    Malls and outdoor centers are increasingly seeking out small and local merchants to help them stand out from the competition.   Kimco, for example,  has expanded a program that offers small businesses one year of free rent and reduced property charges, CNBC reported.  Originally started in California four years ago, the program has since been expanded to centers in 19 states.    

  • Survey: So far, so good for 2016

    Retail tenants are not only reporting a strong performance for the year so far, but are also optimistic about the next six months.

  • Survey: So far, so good for 2016

    Retail tenants are not only reporting a strong performance for  the year so far, but are also optimistic about the next six months.  

  • X Team Appoints Cheatham, Martin to board

    Photo: Sara Martin and Dave Cheatham   X Team International has announced the appointment of Velocity Retail Group’s Dave Cheatham and Welsh Companies’ Sara Martin to its board of directors. Board members are elected by the retail advisory alliance’s 35 partner offices.  

  • Michael Glimcher steps down from the company founded by his father

    WP Glimcher announced that CEO and vice chairman Michael Glimcher has resigned from the REIT founded by his father, Herbert. Board member Louis Conforti was named interim CEO at the company slated to be rebranded as the Washington Prime Group.   Several other senior leadership changes were announced, including the replacement of Mark Ordan as board chairman with Robert J. Laikin, who had been the board’s lead independent director. Ordan stays on as a director.  

  • Specialty retailer outsourcing real estate department

    Brookstone has retained New York-based RCS Real Estate Advisors to operate as the retailer’s outsourced real estate department.    Brookstone operates 218 stores across the United States and Puerto Rico in shopping malls, airports and other locations.   

  • Exclusive Videos: CSA TV interviews at RECon 2016

    Retail real estate leaders and analysts discuss the retail landscape, trends in the industry, and projects to keep an eye on.

    Watch the videos here.  
     

  • Louisiana shopping center welcomes new tenants

    Stirling Properties and CBL & Associates Properties, Inc. are announcing several changes to Ambassador Town Center in Lafayette, Louisiana.
     
    Half Shell Oyster House will occupy 5,850-sq.-ft. of restaurant space, and is the newest addition to the eatery line-up. This will mark the ninth location for the seafood restaurant, and the first in Louisiana. Half Shell Oyster House is expected to open in November 2016.
     
    Newly leased, Just 4 Him Men’s Haircut Lounge will occupy 1,267-sq.-ft. and is expected to open in September 2016.

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