Shopping Centers Today April 2017
High-tech tools help shoppers navigate centers more efficiently— SCT April 2017
The Common AreaMore >>
Louis Conforti has spent much of his career dealing with stocks and bonds. Since becoming CEO of Washington Prime Group in October, he is dealing with the concrete: physical real estate.
Auto parts retailers may be in for a bumpier drive than they have been accustomed to. Sales to do-it-yourself customers are slowing, market consolidation is tightening, and competition from Amazon.com, in particular, is toughening. But even with all that, the U.S. retail market for auto parts retains horsepower.— SCT April 2017
The Bottom Line
Open-air center REITs reported strong net operating income growth, thanks to positive leasing results for 2016. Many achieved these results despite tenant bankruptcies that left some with empty anchor stores to refill.— SCT April 2017
Suburban Square undertakes a major redevelopment as it prepares to celebrate its 90th anniversary in 2018
On the Ground
Salt Lake City has a rich history in retailing that dates back nearly 150 years to the opening of the first department store in the U.S. Against the backdrop of that tradition, this year is set to be the city’s best for retail growth since 2007.