The ICSC Blog

January 31, 2011
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Commercial Real Estate Recovery Has Legs, PwC Poll Finds

A poll of investors, lenders, executives and other commercial real estate stakeholders conducted by accounting firm PricewaterhouseCoopers (PwC) found a generally optimistic attitude towards the industry in 2011. Of the more than 200 respondents, more than 70 percent indicated that they believe ongoing recovery in the commercial real estate industry has legs. More than half,…

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,…

January 25, 2011
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Saving Water Like Money

Saving Water Like Money - Centers are sporting elaborate systems to catch rainwater for irrigation and other non-potable uses. By Steve McLinden All around the world now retail landlords and their tenants are getting ever more creative about conserving water; strategies include rainwater cisterns, leak sensors and smart-irrigation controls. Regency Centers’ $20 million Market at…

January 25, 2011
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J.C. Penney to close outlets, catalog division, six stores

Picture Source: http://bit.ly/eNiqY3  J.C. Penney Co. is to wind down its catalog and outlet operations, and close down underperforming stores, it announced today. The retailer also said it has taken on two new board members — activist investor William Ackman and Vornado Realty Trust Chairman Steven Roth. The chain said that over the course of…