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March 6, 2013

  Top Story 
 
  • How to build a world-class shopping mall
    Bal Harbour Shops in Miami Beach, Fla., is the world's most lucrative shopping mall, netting $2,730 per square foot last year, or more than six times better than the U.S. average. That's largely due to the efforts of founder Stanley Whitman, who built the mall from scratch, bucked conventional wisdom and, at 94, still works three days a week. "I'm firmly convinced we will remain No. 1 in the world," he says. The Miami Herald (free registration) (3/3) Email this Story
Competitive bidding and higher execution
Auction.com online marketplace delivers a transparent playing field, attracting local buyers, global buyers and everyone in between. The results are quicker, more certain outcomes, and ultimately, better execution. See more about the auctions and view licensing information here.
  Industry Tracker 
  • Value Retail maps luxury outlet mall expansion
    Outlet mall developer Value Retail will invest $650 million to open centers in China and Europe in the next few years, buoyed by success at existing malls where stores sell year-old luxury labels with discounts starting at 60%. Bloomberg (3/5) Email this Story
  Retail News 
  • Wal-Mart to open 115 more small-format outlets
    Wal-Mart is pleased with the performance of a new set of stores under 60,000 square feet -- a smaller format where location rules, says Bill Simon, chief of Wal-Mart's U.S. division. The retail giant hopes to open 115 more this fiscal year. "We can deliver price, and assortment and fresh food and Rx," says Simon. The Wall Street Journal (3/5) Email this Story
  • NAR figures show retail real estate is improving
    The National Association of Realtors paints a picture of improving retail real estate markets. It forecasts vacancy rates will drop to 10.4% by first quarter of 2014, from the 10.7% in Q1 2013. It also forecasts that retail rents will rise 1.5% this year and 2.1% in 2013. SCT Newswire (3/5) Email this Story
  Business Best Practices 
  News from ICSC 
  • Foundation seeking nominees for Fiala Fellowship
    ICSC is now accepting nominations for the next Fiala Fellow. Launched in 2010, the ICSC Foundation Fiala Fellowship program annually recognizes an outstanding professional 35 or younger who personifies Mary Lou Fiala's passion and commitment to retail real estate, and has the potential to make a lasting contribution to the industry. Fiala Fellowship Candidates are evaluated on the basis of professional excellence and active commitment to helping others through service in their communities, profession or fields of research. Learn more. Email this Story
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  SmartQuote 
The world is much more interesting than any one discipline."
--Edward Tufte,
American statistician and professor


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