Shopping Centers Today March 2017
The Common Area
The Trump administration and Congress are poised to revise or kill hundreds of regulations — including some financial and environmental rules long considered onerous in the retail real estate industry. For ICSC, the political shift presents an opportunity to press the industry’s persistent concerns as Congress and the new president revisit the role of regulations, according to Jennifer Platt, ICSC’s vice president of federal operations.
Vincent A. Corno joined DDR Corp. as executive vice president of leasing and development last July, having already invested much of a 25-year real estate career on the retail side, in senior executive roles at Dick’s Sporting Goods, Saks, Inc. and The May Department Stores Co. SCT sat down with Corno to talk about industry trends, DDR’s strategy and his own career path.
B8ta offers gizmo manufacturers a fun space within which to demonstrate and sell their contraptions.— SCT March 2017
The Bottom Line
One company’s excess baggage can be another’s golden opportunity, as shown by Macerich’s recent deal to sell two malls to privately held landlord Merlone Geier Partners for a combined $170 million. The Santa Monica, Calif.–based REIT is on a mission to shed properties that perform below certain sales thresholds, and the Burlington, Wash., Cascade Mall and the San Rafael, Calif., Northgate Mall were not hitting the mark.— SCT March 2017