Shopping Centers Today May 2016

Featured Articles


Full steam ahead for expanding global retailers

Global development is booming again as landlords strive to meet retailers' apetite for growth.

— SCT May 2016
Macy’s real-estate goldmine — SCT May 2016
Seeing is believing with virtual reality — SCT May 2016
Development digest: In the driver’s seat — SCT May 2016
Powerful supermarket tenants — SCT May 2016
Taming the Internet — SCT May 2016
Parking pain remedy — SCT May 2016
Pressing restart on the tenant mix — SCT May 2016
A great deal easier for brokers — SCT May 2016
Community investment — SCT May 2016

The Common Area


Simon and Invesco Real Estate are to pay $1.1 billion for The Shops at Crystals, a 324,000-square-foot luxury shopping center at the CityCenter mixed-use complex on the Strip in Las Vegas.

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News Makers


Edward Glazer shares his late dad Malcolm's passion for retail and sports. He is co-chairman of the Tampa Bay Buccaneers and serves as a director of the family-controlled, publicly traded company that owns the Manchester United soccer club. Meanwhile, his firm U.S. Property Trust continues to invest in high-quality shopping centers.

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Retailing Today


Online lingerie retailer Adore Me, known for selling high-end wares for low prices, has developed a passion for physical retail.

— SCT May 2016
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The Bottom Line


Cap rates for the single-tenant net-lease retail sector hit a historic low rate of 6.18 percent in the first quarter, according to Boulder Group’s quarterly survey.

— SCT May 2016
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Center Stage


An auto repair shop and Toyota dealership have helped fix Decron Properties' power center in El Monte, Calif.

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On the Ground


Sin City regular Barry Manilow once observed, “There’s just no quiet in Vegas.” This would seem to apply to the Las Vegas retail development scene too, given that entertainment and other nongambling construction projects grab headlines even as the industry busies itself with RECon 2016.

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