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  • SoCal center sells for $20.7 million

    A limited partnership has purchased the 110,359-sq.-ft. Southridge Plaza in Fontana, California for $20.7 million.   Anchored by a Rio Ranch Market, the necessity-based center is strong among Hispanic consumers in this town just east of San Bernardino. Other tenants include Rite Aid, AutoZone, McDonald’s, Subway, Waba Grill, and Cricket Wireless.  

  • Lake Nona invests in tech for connected retail experience

    Tavisock Development is partnering with a Google company on technology it says will “reimagine” the retail and entertainment experience at its Lake Nona Town Center in Orlando.  

  • Post-Macy’s, Irvine Spectrum rebuilds

    Irvine Retail Properties’ flagship shopping destination, The Irvine Spectrum Center, has demolished the 140,000-sq.-ft. Macy’s that opened there in 2002 and is erecting a new building in its place to accommodate up to 20 shops, according to a report in the Orange County Register.  

  • New centers hold higher costs for tenants

    As 20th Century malls give way to 21st Century mixed use centers, retail tenants need to arm themselves against giving away too much away during lease negotiations.   That’s the caution of National Retail Tenants Association director Paul Kinney, who strongly advises retailers to consider both long and the short-term implications of the leases they sign.  

  • Mall of America turns 25

    It was 25 years ago today the Ghermezian family taught American shoppers to play.   The Ghermezians and their Triple Five development company had already set a new standard for enclosed shopping centers with their West Edmonton Mall. But on August 11, 1992, on the former site of Metropolitan Stadium in Bloomington, Minnesota, they and managing agent Simon created a whole new ball game.  

  • Dania Pointe breaks ground outside Fort Lauderdale

    Ground has been broken on Kimco’s 102-acre Dania Pointe project in the Dania Beach section of Fort Lauderdale.   Phase one of the mixed-use development will include 300,000 sq. ft. of retail, 80% of which is already leased, according to the company. Along with the requisite food and beverage establishments, TJ Maxx, Hobby Lobby, BrandsMart, and Ulta Beauty have signed on as tenants.  

  • Going Dutch: Are bike garages in your future?

    As more retailers begin to adopt the Bonobos-style showroom store as their brick-and-mortar strategies, will bike garages become a new fixture in malls and shopping centers?   If so, the city of Utrecht in the Netherlands might prove the design test case. It just opened the first phase of what will be the world’s largest bike garage at the Central Train Station, a 184,000-sq.-ft. space capable of holding 12,500 bikes at full build-out.  

  • The Westchester launches social media sweepstakes

  • Leasing opens at One Hudson Yards

    New York City’s transformation of an old warehouse district into a Jetson-esque neighborhood of the future begins in earnest this week with leasing beginning at the 33-story One Hudson Yards residential tower.   “One Hudson Yards was curated for those who seek an elevated sense of living,” said Benjamin Joseph, Executive VP of Related Companies, developer and leasing agent for the massive project.   

  • Former Walmart, Microsoft exec joins Albertsons

    One of the nation's leading supermarket executives has tapped a retail and digital veteran to join its team.    Albertsons Companies appointed Kevin Turner, former COO at Microsoft, as vice chairman of the board of managers of AB Acquisition, its direct parent. Turned has also been named senior advisor to Albertsons chairman and CEO, Bob Miller.  
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