Shopping Centers Today March 2017

Featured Articles


A breath of fresh open air

Landlords are transforming open-air centers into communities of integrated retail, entertainment, housing, offices and hotels.

— SCT March 2017
Borrower’s market — SCT March 2017
The value trap — SCT March 2017
Website reboot — SCT 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.

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News Makers


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.

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B8ta offers gizmo manufacturers a fun space within which to demonstrate and sell their contraptions.

— SCT March 2017
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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
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Center Stage


SteelCraft, in Long Beach, Calif., has turned old shipping containers into a new dining experience

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On the Ground


North Carolina’s Research Triangle is the setting for a battle over grocery market share

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