Special Report: Are Older Shoppers Getting Enough Respect? Paul Rosta / Commercial Property Executive In January, Kimco Realty Corp. bought Bell Camino, a 63,000-square-foot grocery-anchored shopping center in Sun City, Ariz., one of two neighborhood centers the retail REIT acquired in the Southwest that month. Kimco prefers well-located properties with attractive fundamentals in major metropolitan […]

DeSoto Square Mall appears set to change hands John Hielscher / Sarasota Herald-Tribune BRADENTON – The owner of the long-neglected DeSoto Square Mall has listed the property for sale and might be close to a deal, a move that analysts say could prompt a renovation or other enhancement. Simon Property Group — which has owned […]

RECon Report: ‘It’s Been a Very Encouraging Show’ Paul Rosta / Commercial Property Executive How many deals will eventually emerge from the thousands of meetings held at the Las Vegas Convention Center during RECon this week will become clear only with time. But even taking into consideration the energy created by 30,000-plus determined dealmakers, the […]

Young’s Marketplace on Brundage to close this week Courtenay Edelhart / Bakersfield Californian Young’s Marketplace, an independent grocery store that’s a Bakersfield institution, will close at the end of the week. Owner Brent Cruz is shutting down the business and will lease the 37,500-square-foot building at 3030 Brundage Lane to Dollar General Corp., a Goodlettsville, […]

Phillipsburg Mall ordered for sale Beleaguered Warren County shopping center among five properties parent company is selling to pay down debt Tyrone Richardson / The Morning Call Phillipsburg Mall is home to anchors like Sears, Bon-Ton, Kohl’s and JCPenney’s. But have you noticed that the mall’s corridors are riddled with vacancies? I witnessed the sea […]

The Evolution of Retail Part II: Power Centers Jeff Green and Jason Baker/Shopping Center Business In our first article of this series, we talked about the ever-changing world of retail real estate. From the impact of e-commerce on brick-and-mortar stores to the lack of new development and the growth of non-retail uses. In this article, […]