7.11.12 - In #Retail #CRE Today Snapshot

Blog readers, FYI I am now publishing a daily snapshot of stories focusing on Retail CRE at http://paper.li/palmerbayless/1329575217.  You can subscribe to this paper from the website or watch my twitter feed for the daily update notifications.  Below is a copy of all of today’s articles that you may helpful.  Thanks, palmer

 

Redefining Relevance for Brick and Mortar Retail Stores

blog.picor.com – Evolving consumer expectations, ubiquitous connectivity, and the growing adoption of mobile technologies are rapidly transforming the retail environment. The retail store once held the position as …

C&W PICOR Commercial

Business

Amazon’s Impact in Square Footage

retailtrafficmag.com – In an effort to explore the impact of Amazon.com on brick-and-mortar retailer Best Buy, Suzanne Mulvee, senior real estate strategist with Boston-based Property & Portfolio Research, a CoStar compa…

Adam Lasoff

Business

Samsung launches first Canadian retail store in Metro Vancouver

blogs.vancouversun.com – Wednesday’s opening of a Samsung store in Burnaby’s Metropolis at Metrotown marks a North American first for the South Korean tech giant that is locked in a battle with Apple for supremacy in the g…

CushWakeVancouver

Business

GlobeSt.com – Sheldon Good & Co. To Auction Off 31 US Properties – Daily News Article

globest.com – Join the thousands of real estate professionals that subscribe to the New York AM Alert. Each and every morning, we deliver the important stories, data, analysis…as well as the opinions and insight…

GlobeSt.com

Business

The Rebirth Of General Growth Properties – International Business Times

ibtimes.com – After the Chicago-based company exited bankruptcy in 2010, its shares on Tuesday hit $18.66, a record high. General Growth "is on the right path to delivering solid shareholder returns," wrote Citi…

Metro COLA

Business

7/11/12: Vornado Realty To Buy NYC Retail Condo for $707 Million

myemail.constantcontact.com – Mesa, Ariz. — Garden Ridge has bought a 163,892-square-foot building in Mesa, which will be the retailer’s first store in the western United States. The building was originally constructed for K-M…

Daniel Beaird

Business

Simon Obtains Restructuring on $291M Retail Malls Loan

cpexecutive.com – With Talmage L.L.C. acting as special servicer, the $291 million loan on the Cadillac Mills Portfolio has been modified and restructured. The portfolio encompasses three regional malls totaling 2.8…

Bo Barron, CCIM

Business

Top States for Business 2012 – Commercial Real Estate Bargains – US Business News – CNBC

cnbc.com – Editor’s note: Office and industrial rents are among the metrics we use to score the all-important Cost of Doing Business category in CNBC’s annual rankings of America’s Top States for Business. Th…

Michael

Business

Northeast Retailers Gain Momentum

ccim.com – Despite the economy’s unpredictable path, northeastern U.S. retail store sales, employment, and consumer traffic are improving, according to Levin Management’s midyear 2012 retail survey. The compa…

RealEstateInvestorHQ

Business

ICSC – International Council of Shopping Centers

icsc.org – Research Resource Center I – Albert Sussman e-Library II – eData III – Research-on-Demand Videos IV – Country Fact Sheets V – Publications VI – Public Policy Research VII – PhotoCenter VIII – Resea…

ShoppingCentersToday

Business

Retail Investment Sales Could Flat-Line in Second Half of 2012

retailtrafficmag.com – Jul 5, 2012 10:57 AM, By Elaine Misonzhnik, Senior Associate Editor Real estate investors surveyed by PwC US for its second quarter 2012 report expect that weak consumer spending and large vacancy …

John Orr, CCIM

Business

McNellis: To Everything There is a Season

news.theregistrysf.com – The Bible’s book of Ecclesiastes tells of a time to every purpose under heaven. A time to rend and a time to sew. A time to kill and a time to heal. A time to scatter stones and a time to gather th…

The Registry

Stories

We Still Don’t Like Best Buy After Job Cuts – Seeking Alpha

seekingalpha.com – Big box electronics retailer Best Buy (BBY) announced July 6 that it will lay off 2,400 workers, including 1,800 retail workers and 600 Geek Squad members. This amounts to only 1.4% of its workforc…

Jeff DeHart

Business

J.C. Penney Lays Off 350 Workers, Shares Fall

wltx.com – New York, NY (AP & Wire Sources via USA Today) — J.C. Penney says it is laying off 350 more workers at its headquarters in Plano, Tex., as the department store struggles to transform its business …

Jeff DeHart

Business

REBusinessOnline.com

rebusinessonline.com – COOPER CITY, FLA. — The $45 million, 300-unit Monterra Apartments, a workforce housing community located in Cooper City, has opened. ZOM Florida and The NRP Group developed the property, and its am…

SREB Editor

Business

REBusinessOnline.com

rebusinessonline.com – ATLANTA — ARA has arranged the $21 million sale of the 204-unit 626 Dekalb, an apartment complex located at 626 Dekalb Ave. in Atlanta. The property is 91 percent leased. Mesa Capital Partners, the…

SREB Editor

Business

Is the future of retail showrooming? — Tech News and Analysis

gigaom.com – As if we needed more evidence that bricks-and-mortar stores are at a crossroads, a study out Tuesday from Paris-based consulting firm Capgemini found that more than half of shoppers globally think …

Palmer Bayless

Business

The Perfect Storm For Commercial Real Estate Investing

valuewalk.com – Most of us know that timing is everything when it comes to investing. If you bought equities during the tech bubble over a decade ago, you’re investment probably hasn’t grown much over the last dec…

teamlbr

Business

Sharp Realty & Management: 8 Ways to Get Foot Traffic to Your Retail Store

sharprealtyandmanagement.blogspot.fr – 8 Ways to Get Foot Traffic to Your Retail Store The main goal of any retail store is to get customers to walk through your front door! Here are some tips to drive foot traffic to a bricks-and-morta…

Monette Marketing

Stories

Vornado buys Lincoln Road retail center for $132M – South Florida Business Journal

bizjournals.com – The 1100 Lincoln Road building is on the southeast corner of Alton Road and Lincoln Road. Vornado Real Estate Trust has bought the Lincoln Center retail complex in South Beach for $132 million. The…

Liliana C. Martinez

Business

Retail real estate recovery taking hold: research firm – Yahoo! News

news.yahoo.com – (Reuters) – Vacancy rates and rents at U.S. neighborhood shopping centers improved for the second quarter in a row, further evidence the sector is moving toward recovery after years of weakness, re…

CurbStreet

Business

Swire names builders for Miami’s Brickell CitiCentre – Business – MiamiHerald.com

miamiherald.com – Swire Properties announced Tuesday that it has selected Turner Construction Company and Dragados USA to build the foundation and underground parking at Brickell CitiCentre. The $1 billion mixed use…

Liliana C. Martinez

Business

Retail REITs: Getting Back On Track And Leading The Pack – Seeking Alpha

seekingalpha.com – According to NAREIT, the retail sector is the best performing sector for all REITs this year. The performance in the leading retail property sector is directly correlated to the improved occupancy …

Floyd Merritt

Business

ICSC – International Council of Shopping Centers

icsc.org – About ICSC Founded in 1957, ICSC is the premier global trade association of the shopping center industry. Its more than 55,000 members in over 90 countries include shopping center owners, developer…

ICSCALLIANCE

Business

Bad Signs For Best Buy?

blog.retailtrafficmag.com – While some retail industry insiders believe that Best Buy can still survive its recent downfall, seekingalpha.com has noted some disturbing similarities in how Best Buy’s management in handling its…

ICSCALLIANCE

Business

NYREJ Newsletter – Tuesday

app.streamsend.com – NIAF holds 8th Annual Golf Tournament kick-off reception at the Intrepid, Sea Air and Space Museum Manhattan, NY On Wednesday June 13, the National Italian American Foundation (NIAF) held its 8th A…

LEW Corporation

Business

Penney lays off 350 workers at Texas headquarters – Longview News-Journal: Longview News-Journal: Business

news-journal.com – NEW YORK (AP) — J.C. Penney Co. workers are feeling more pain as the department store chain struggles with a transformation. More than five months into big changes under its new CEO, Penney announc…

Palmer Bayless

Business

The U.S. Housing Bust Is Over – WSJ.com

online.wsj.com – The U.S. finally has moved beyond attention-grabbing predictions from housing "experts" that housing is bottoming. The numbers are now convincing. Nearly seven years after the housing bubble burst,…

Doug @Retail Prophet

Business

The Future of Retail Requires Serendipitous Marketing – with Doug Stephens

untether.tv – Doug Stephens’ The Destination is You keynote was one of the most talked about presentations coming out of day one at UNTETHER.talks, and the video above makes it easy to see why – he can make subj…

Doug @Retail Prophet

Technology

App Developers Can Now “Print To Walgreens;” Company Outed As Aviary’s Strategic Investor

techcrunch.com – You may have noticed a few of your favorite mobile photo sharing apps were updated last night or this morning with a new option: “print photos to Walgreens.” It’s not a coincidence, but is rather t…

Doug @Retail Prophet

Technology

Doug Stephens | Retail Prophet | Speaker Profile at Lavin Agency

thelavinagency.com – The founder of Retail Prophet, Doug Stephens is one of the world’s retail industry futurists. His research and insights have helped major organizations — such as Air Miles, Home Depot, and Disney …

Doug @Retail Prophet

Business

Mall Proposed For Miami International

blog.retailtrafficmag.com – Airport malls are an idea that has come up (and been derailed) in the past. Will this time be the charm? reports that the local Aviation Department is mulling building a mega-mall at Miami Internat…

Retail Traffic

Business

First Data: Card spending growth inched lower in June as consumers remained cautious

chainstoreage.com – Atlanta — A report by FirstData Corp. found that year-over-year dollar volume growth was 6.4% in June, down from May’s 7.0% growth as continuing high unemployment and economic anxiety caused consu…

Chain Store Age

Business

J.C. Penney cuts 350 jobs at headquarters

chainstoreage.com – New York — J.C. Penney Co. on Tuesday announced that it is eliminating approximately 350 positions at its headquarters in Plano, Texas, completing a reorganization of its corporate office that it …

Chain Store Age

Business

Russian Food Retailer Sets September Debut in Miami

supermarketnews.com – MIAMI — The first of a planned chain of small discount food stores under the Okey-Dokey banner are set to open here on Sept. 1, marking the U.S. debut of the Russian retailer behind Europe’s X-5 Re…

ShoppingCentersToday

Business

Le preppy pe-yew: Abercrombie & Fitch to hike buyback as Europe slows – NYPOST.com

nypost.com – Abercrombie & Fitch CEO Mike Jeffries is getting ready to blink. The hard-charging teen-apparel tycoon — long famous for staring down shareholders who have questioned his lavish compensation and st…

ShoppingCentersToday

Business

Penney lays off 350 workers at Texas headquarters – Longview News-Journal: Longview News-Journal: Business

news-journal.com – NEW YORK (AP) — J.C. Penney Co. workers are feeling more pain as the department store chain struggles with a transformation. More than five months into big changes under its new CEO, Penney announc…

Michael Puline

Business

Amazon Locks Down a New Way to Deliver: To the Corner Store – DailyFinance

dailyfinance.com – Amazon Lockers hit 7-Elevens in Washington DC, let you grab your parcel and a …

Michael Puline

Business

Retail Real Estate Inches Toward Recovery

realtormag.realtor.org – The rows of vacant shopping centers plaguing many U.S. cities may slowly be vanishing. For the second quarter in a row, vacancy rates improved while rents continued to inch up in the retail market,…

Michael Puline

Business