| February 6, 2013 |
 |  |
|
| Industry Tracker |  |  |
|
- Canadian real estate giants come to Primaris compromise
A group of Canada's most prominent real estate players came to a compromise over one of the country's largest real estate investment trusts after almost two months of negotiations. KingSett Capital and other organizations agreed to evenly distribute Primaris REIT's retail portfolio, splitting Toronto's Dufferin Mall and nine smaller properties. "The facts speak for themselves. The transaction creates value for everyone. Today's deal, we each get what we really want," KingSett Capital's managing partner Jon Love said. Financial Post (Canada)
(2/5) 
- Alabama retail center trades for $37M
Jubilee Square Shopping Center in Daphne, Ala., has traded for $37 million. Burton Property Group, in Mobile, Ala., has acquired the center, which is anchored by Dick's Sporting Goods, ULTA, TJ Maxx, SteinMart and Office Depot. Press-Register (Mobile, Ala.)/Al.com
(2/4)
- Excel buys Tracy Pavilion
Excel has acquired Tracy Pavilion in Tracy, Calif. The 162,353-square-foot center traded for $32 million. Excel only acquired the property, however, as two of the retailers -- Home Depot and WinCo -- own their space. SNL Financial (free content)
(2/5)
| Retail News | | |
|
- Dollar stores face increased competition, expansion
Dollar stores made big bucks during the downturn, but the big chains' rapid expansion has made it more difficult to make ends meet. More than 1,100 dollar stores are expected to open this year, but cash-strapped consumers aren't spending the way they once did. "It's as if there are more days than there are dollars," says Dollar General CEO Rick Dreiling. The Wall Street Journal
(2/4)
- Report: Shoppers let out their belts a bit
Consumers are still taking a cautious approach to spending, but they're easing up a bit and allowing themselves the occasional splurge, according to research from BIGinsight. "We're not seeing big changes in the way consumers are spending, but as an uncertain economy becomes a part of everyday life we are finding that they're cutting themselves some slack now and then," said executive vice president Phil Rist. STORES magazine
(2/2013)
| Business Best Practices | | |
|
- Does your boss consider you long-winded?
Trying to present too many ideas at one time or getting bogged down in details can irritate a boss looking for concise conversations, writes Paul Hellman, founder of Express Potential. Always assume your boss is looking for shorter answers and try to be more focused in your response, he writes. CNBC/Executive Careers
(2/4)
| News from ICSC | | |
|
-
Seminar: Debt Workouts, Institutional Funds & Repositioning of Challenged Assets
ICSC is rolling out a seminar intended for owners who are facing maturing mortgage debt for a retail asset, and for other high-level professionals who represent the lender, a mortgage broker or deal in the debt markets. Regardless of whether the asset is challenged or not, a refinancing or restructuring of debt calls for special handling. More important, refinancing a challenged asset, one that produces insufficient funds from operations to cover its debt service, can be extremely difficult to assemble. This is the reason ICSC created this fast-moving one-and-a-half-day seminar conveniently located in Midtown New York City. The seminar sponsored by The Wall Street Journal will include formal presentations, discussions, case studies, course materials, breakfasts and lunches, a cocktail reception and an ICSC certificate of completion.
For more information, visit Debt Workouts, Institutional Funds & Repositioning of Challenged Assets or contact ICSC's Manager of Education, Jason Barnhart, at 1-646-728-3468 or jbarnhart@icsc.org.
| SmartQuote | | |
|
 | We cannot live only for ourselves. A thousand fibers connect us with our fellow men."
--Herman Melville,
American writer and poet
|
| |
| Advertise |
| Associate Publisher:
Kathy Dowdy 469-305-7122
|
|
|
| |
|
Read more at SmartBrief.com |
|
A powerful website for SmartBrief readers including:
|
|
|
|
| |
| |
| | Recent ICSC SmartBrief Issues:
- Monday, February 04, 2013
- Friday, February 01, 2013
- Wednesday, January 30, 2013
- Monday, January 28, 2013
- Friday, January 25, 2013
| | | Lead Editor: Liz DeHoff
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004 | |
| |
|
| © 1999-2013 SmartBrief, Inc.® Legal Information |
|
Retail centers are investing in their food court facilities. See the varied offerings, from Hong Kong to Los Angeles, in this video. 
