The ICSC Blog

May 18, 2011
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Bringing outlet centers to Canada is Anthony Grossi’s new mission

By Anna Robaton Growing up in the 1960s, Anthony Grossi watched Toronto's transformation through the eyes of his father, a construction worker who labored on the iconic Toronto-Dominion Centre and other projects developed by The Cadillac Fairview Corp. “Toronto was breaking out of its stodgy mold and becoming a world-class city with gleaming skyscrapers,” Grossi…

April 11, 2011
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Limiting Liability: Landlords and Tenants Work Together to Create Safer Shopping Centers

By María Bird Picó Declining sales and property values and a generally sour economy offered developers little scope for revenue growth at the end of 2009. But U.S. landlord Developers Diversified Realty saw one area, at least, where it could cut costs: liability insurance. “We began asking ourselves how we could reduce costs, seeing it…

January 27, 2011
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Walmart to Spend $500 Million Expanding Canadian Footprint in 2011…

Target isn’t the only U.S.-based discounter interested in Canada these days. Walmart’s Canadian division announced that it plans to spend $500 million opening 40 new supercentres and expanding, remodelling or relocating existing stores in the coming year. The expansion includes the discount chain’s first stores in the provinces of Manitoba and Quebec. Earlier this month,…