Most Clicked ICSC SmartBrief Stories


1. Analysis: The truth about retail centers' viability

ICSC SmartBrief | Mar 27, 2015

Some retail centers are struggling with vacancies, but 96.6% are viable and 80% can be considered healthy, CoStar Group figures indicate. Green Street Advisors predicts that Class A centers in major markets "should perform at a high level for years to come" and that Class B centers will remain stable. CityLab (03/25)


2. Industry metrics reframe narrative on "dying" retail centers

ICSC SmartBrief | Mar 25, 2015

Rising occupancy rates, an increased focus on efficiency, changing shopping habits and a greater understanding of how retail centers should perform based on the market are all factors that should change the narrative about the "dying" retail center, said ICSC communications director Jesse Tron. "Demand is far outpacing supply in the industry," Tron said. "We're in what would be called a 'landlord's market.' " Wall St. Cheat Sheet (03/25)


3. Retailers increasingly replace full-price stores with outlets

ICSC SmartBrief | Mar 25, 2015

Retailers including Abercrombie & Fitch, American Eagle Outfitters, Gap and New York & Company are converting full-price stores in retail centers to outlet venues to boost sales, especially outside of major markets. The move is particularly effective for retailers who believe their pricing is too high for the area, said Stephen Lebovitz, president and CEO of CBL & Associates. SCT Newswire (03/24)


4. Meijer continues Wis. expansion with shopping center purchase

ICSC SmartBrief | Mar 23, 2015

Meijer has purchased a 367,000-square-foot shopping center in Wisconsin, which the retailer plans to anchor with a new store in the future. The $10.75 million center is part of a $750 million investment in the state, where Meijer plans to open four new stores this summer and three in 2016. Milwaukee Journal Sentinel (tiered subscription model) (03/20)


5. Retail center developers look to a digital future

ICSC SmartBrief | Mar 25, 2015

Simon, General Growth Properties and Westfield are investing in digital features, including Wi-Fi, electronic parking assistance and beacons, that are designed to meld the physical and virtual retail worlds. At New Jersey's Westfield Garden State Plaza, 7-foot interactive touch screens act as digital storefronts. Advertising Age (free access for SmartBrief readers) (03/23)


6. Puerto Rico's newest retail center boasts luxury tenants

ICSC SmartBrief | Mar 27, 2015

The $475 million luxury Mall of San Juan, owned by a Taubman Centers partnership, opened in Puerto Rico this week, with a lineup of retailers that includes Saks Fifth Avenue and Nordstrom. The owners expect success despite a 10-year recession on the island, where sales of women's clothing grew 17% last year and consumers are comfortable shopping on credit. SCT Newswire (03/26) Luxury Daily (03/26) Star Tribune (Minneapolis-St. Paul, Minn.) (03/25)


7. Manhattan's newest retail center brings an upscale merchandise mix

ICSC SmartBrief | Mar 27, 2015

Brookfield Place opened in lower Manhattan on Thursday, a $300 million luxury retail development adjacent to One World Trade Center. The center is connected to a transit hub, but it is designed to meet the needs of local residents with a mix of luxury and more affordable "contemporary" retail brands, including Lululemon, Tory Burch and Michael Kors. Bloomberg (03/25)


8. New Orleans center opens 10 years after hurricane

ICSC SmartBrief | Mar 25, 2015

Magnolia Marketplace, a $24.4 million shopping center, has opened in New Orleans, 10 years after the city was ravaged by Hurricane Katrina -- and in some ways, because of it. The land had been a public housing development, and while the city council pushed for years to redevelop the land as retail, national chains initially refused to consider the property. "This is really an opportunity that came because of Katrina," said Townsend Underhill, Stirling Properties senior vice president for development. Times-Picayune (New Orleans), The (03/13)


9. Five Below plans to grow to 436 stores this year

ICSC SmartBrief | Mar 27, 2015

Retailing Today (03/25)


10. Katz Properties Purchases Pompano Marketplace for $46.8M

ICSC SmartBrief | Mar 23, 2015

Katz Properties has purchased Wal-Mart-anchored, 239,000-square-foot Pompano Marketplace, which is 99% occupied, for $46.8 million. Previous owner Principal Real Estate Investors purchased the property in 2013 for $29.75 million, for a 57% return on investment. Daniel Katz, principal of the company, said, "This is our second shopping center acquisition in southeastern Florida, bringing our total investment to just over $75 million in the region in the past 12 months," and he added that the company will continue to expand in the region, having allocated $250 million to the process over the next 36 months. American City Business Journals (03/20)




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