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February 25, 2013

  Top Story 
  • Morgan Stanley buys prestigious Moscow retail center
    Morgan Stanley's real estate trust has acquired a Moscow retail center, the Metropolis Shopping & Entertainment Mall. It is the largest foreign acquisition of Russian commercial real estate. Market sources believe the center was valued at $1.2 billion. Forbes (2/22) Email this Story to auction $30 MM in Retail Properties, the Nation's Leading Online Real Estate Marketplace, are pleased to auction 47 retail properties nationwide., LLC. 1 Mauchly, Irvine, CA 92618, (800) 499-6199. Visit our site for licensing information and to see more info about our auctions.
  Industry Tracker 
  • Ill. town nears approval on redeveloped mall
    Village trustees in Vernon Hills, Ill., are considering a plan to redevelop Westfield Hawhthorne Mall that includes an AMC theater with its own bar and luxury recliner seats. Officials expressed preliminary support for the plan, which calls for 48-foot pylon signs with LED screens. Hills, Ill. (2/20) Email this Story
  Retail News 
  • Lotte, Shinsegae vie for S. Korea's outlet fans
    A growing number of Seoul families are flocking to outlet malls outside the city in search of discounted goods and a day's entertainment. Department store operator Lotte operates seven outlet malls throughout the country and rival Shinsegae operates two in partnership with US mall developer Simon Property Group. The Korea Times (Seoul) (2/24) Email this Story
  Hot Topics 

Top five news stories selected by ICSC SmartBrief readers in the past week.

  • Results based on number of times each story was clicked by readers.

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  Business Best Practices 
  • 5 ways to turn failure into a path to success
    Everyone knows that it's best to recast failures as stepping-stones to success, but how do you actually go about doing that? Start by forgiving yourself and venting your frustration, advises Lewis Schiff, then be frank about what went wrong, and get back in the saddle. "Remember, you're trying to succeed brilliantly at something most people can't do at all," he writes. Inc. online (free registration) (2/21) Email this Story
  News from ICSC 
  • 2013 Foundation scholarship opportunities
    The ICSC Foundation is accepting applications for graduate and undergraduate scholarships for real estate and related studies. Selected recipients receive tuition assistance and attendance at RECon, The Global Retail Real Estate Convention, in Las Vegas this May. Email this Story
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