January 31, 2011

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 … Continue reading

January 27, 2011

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 … Continue reading

January 25, 2011

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; … Continue reading

January 25, 2011

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 … Continue reading

January 21, 2011

Kimco’s Henry Tapped for ICSC Chairmanship

Picture Source- images.businessweek.com David B. Henry, president, vice chairman and CEO of Kimco Realty Corp., North America’s largest owner of neighborhood and community shopping centers, was nominated today to be ICSC chairman for the 2011–2012 term. Henry, an ICSC trustee, … Continue reading