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April 25, 2012

  Top Story 
 
  • Chicago area's retail real estate still divided in performance
    Chicago’s retail real estate market continues to show signs of improvement. Retail vacancy rates in Q1 dropped to 9.3% from 9.5% in Q4, according to CBRE. In the same period a year ago, vacancy rates were at 9.9%. It is the eighth straight quarter of improvement. However, observers say the improvements are disproportionately seen in the higher-end retail space and lower-end areas are still struggling. Crain's Chicago Business (4/23) Email this Story
Martinsburg Mall Installs Indoor “Little Footprints” Woodland Play System “This indoor play area has done wonders for our community,” says Angie Clark, Marketing Manager. “Parents have a place to organize play dates with their children for regular meet-and-greet gatherings.” More
  Industry Tracker 
 
  • China leads the globe in new mall development
    Eight cities in China are in the top 10 when it comes to the amount of shopping-center space under construction, according to CBRE. The retail square footage under construction in Tianjin, a busy port city near Beijing, outnumbers the total existing mall space in every European city except Paris and Moscow, the report says. MarketWatch (4/23) Email this Story
  • Vornado looks to trim retail holdings
    Steven Roth, CEO of Vornado Realty Trust, says the REIT has taken to heart the notion that pure-play business strategies are favored by investors. Therefore, the REIT will trim some of its retail center holdings. REIT.com (4/23) Email this Story
  • Target proves a draw for Canadian malls
    Retailer River City Sports and restaurant chain State & Main Kitchen and Bar both recently signed leases at Kildonan Place Shopping Centre, one of five Manitoba centers that will house Target stores starting next year. The U.S. retailer is expected to attract a number of new tenants to existing shopping centers, said leasing specialist Michael Stronger. "Everybody wants to be where the action already is, where the traffic generators are." Winnipeg Free Press (Manitoba) (4/23) Email this Story
  • More REITs go abroad for growth, diversification
    A growing number of U.S. REITs are forming partnerships with foreign-based companies to take advantage of growth opportunities and to diversify returns. Some of the larger REITs following this strategy include Simon Property Group, Kimco Realty, Public Storage and W.P. Carey. Forbes (4/24) Email this Story
  • Other News
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  Retail News 
  • U.S. retailers pick up the fast-fashion pace
    U.S. apparel retailers including Gap, American Eagle Outfitters and Macy's are ramping up efforts to win back fashion-conscious customers from international fast-fashion rivals including H&M and Zara. The retailers are placing smaller factory orders, making last-minute color and design decisions and moving goods from warehouses to sales floors much faster, industry experts say. Orlando Sentinel (Fla.)/Reuters (4/22) Email this Story
  Business Best Practices 
  • How to convince the boss you deserve perks
    Companies are willing to offer perks to retain talent, but to receive them you need to prove your value, Vickie Elmer writes. Discuss your goals with the boss and explain how your development will help the company. "Show that you're looking to grow so that you can help the company grow," she writes. GlassDoor.com (4/23) Email this Story
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  SmartQuote 
All things are difficult before they are easy."
--Thomas Fuller,
British churchman and historian


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