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Taubman Centers launches first-of-its-kind indoor navigation app in 14 shopping centers

First-of-its-kind technology makes shopping easier and more personalized BLOOMFIELD HILLS, Mich., 2016-Mar-04 — /EPR Retail News/ — Taubman Centers today announced an industry-first mobile app has launched at 14 of its shopping centers across the U.S. The free app, available for Android and iPhone platforms, offers consumers first-of-its-kind indoor navigation technology and a host of other…
March 4, 20160Comments

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Malls Management Retail

Weingarten Realty Investors announces the acquisition of Urban Seattle Property from Vulcan Real Estate

HOUSTON, 2016-Mar-04 — /EPR Retail News/ — Weingarten Realty Investors (NYSE: WRI), a leading owner, manager and developer of shopping centers, announced today that it acquired the retail component of 2200 Westlake, located at 2200 Westlake Avenue in Seattle, Washington from Vulcan Real Estate. The average household income and population in the 3-mile trade area…
March 4, 20160Comments

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Malls Management Retail Retailer

Kimco Realty Corp sold 9.2 acres of land to Target Corp for the construction of a new store in Kimco’s Grand Parkway Marketplace

Target to anchor ground-up development project in Houston NEW HYDE PARK, NEW YORK, 2016-Mar-03 — /EPR Retail News/ — Kimco Realty Corp. (“Kimco”) (NYSE: KIM) is pleased to announce the sale of 9.2 acres of land to Target Corporation for the construction of a new store in Kimco’s Grand Parkway Marketplace, a development in Spring, Texas (Houston-The…
March 3, 20160Comments

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Business Malls Management Retail

Taubman and The Macerich Company announce the appointment of Meredith Keeler as general manager of Country Club Plaza

KANSAS CITY, MO, 2016-Mar-02 — /EPR Retail News/ — Shopping center marketing and management veteran Meredith Keeler has been named general manager of Country Club Plaza, a marquee retail and office property in Kansas City recently acquired by Taubman and The Macerich Company. In this role, Keeler is responsible for operations, office, retailer and community relations,…
March 2, 20160Comments

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Business Malls Management Retail Retailer

Taubman Centers, Inc. and The Macerich Company announce the acquisition of Country Club Plaza from Highwoods Properties, Inc.

BLOOMFIELD HILLS, Mich., 2016-Mar-02 — /EPR Retail News/ — Taubman Centers, Inc. (NYSE: TCO) and The Macerich Company (NYSE: MAC) today announced the completion of the purchase of Country Club Plaza (Kansas City, Mo.) from Highwoods Properties, Inc. (NYSE: HIW). Consideration for the mixed-use retail and office property was $660 million cash, excluding transaction costs. Taubman and…
March 2, 20160Comments

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Business Malls Marketing Retail Retailer

Taubman Asia and Wangfujing Group Co., Ltd unveil line-up of contemporary retailers that will open at CityOn.Xi’an

CityOn.Xi’an to Bring Modern, Elevated Shopping Experience to Northwest China HONG KONG, 2016-Mar-02 — /EPR Retail News/ — Taubman Asia, a subsidiary of Taubman Centers, Inc. (NYSE: TCO) and Wangfujing Group Co., Ltd (Shanghai Stock Exchange: 600859), today unveiled a distinguished line-up of contemporary retailers that will open at their jointly developed CityOn.Xi’an project in Northwest China. “We…
March 2, 20160Comments

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Business Malls Management Retail Retailer

Philippines: SM Investments Corporation report 13% growth in recurring net income in 2015

Pasay City, Philippines, 2016-Feb-29 — /EPR Retail News/ — SM Investments Corporation (SM) reported a 13% growth in recurring net income in 2015. Consolidated net income stood at PHP28.4 billion in 2015, posting the same level as last year. Consolidated revenues grew 7% to PHP295.9 billion for the period. “Our strong underlying earnings growth in 2015 was due to…
February 29, 20160Comments

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Business Financial Malls Management Retail Retailer

Philippines: SM Prime Holdings reported recurring net income growth of 14% in 2015

Pasay City, Philippines, 2016-Feb-24 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), the Philippines’ leading integrated property company, reported a recurring net income growth of 14% in 2015 to PHP20.9 billion on the back of an 8% increase in consolidated revenues to PHP71.5 billion in the same period.  On a consolidated level, net…
February 24, 20160Comments

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Food & Beverage Home & Garden Home Decor Malls Management Retail Retailer

CBL & Associates Properties to add home retailer West Elm and Pieology Pizzeria to Friendly Center in Greensboro, NC

CHATTANOOGA, Tenn., 2016-Feb-10 — /EPR Retail News/ — CBL & Associates Properties (NYSE: CBL), Inc. announced plans to add home retailer West Elm at Friendly Center in Greensboro, NC, as part of a new 12,709-square-foot self-development project. West Elm will occupy approximately 9,000 square feet of the total expansion, which also includes Pieology Pizzeria and an…
February 10, 20160Comments

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Business Malls Management Retail

Weingarten Realty Investors announces transactions for the fourth quarter and full year of 2015 and introduces 2016 guidance

HOUSTON, 2016-Jan-20 — /EPR Retail News/ — Weingarten Realty Investors (NYSE: WRI) announced today the transactions for the fourth quarter and full year of 2015. The Company also increased 2015 guidance and introduced 2016 guidance. Transactional Activity During the fourth quarter, Weingarten Realty acquired two properties for $33.5 million. The Company acquired Westside Center located in Los Angeles, California,…
January 20, 20160Comments

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Business Malls Management Retail Retailer

John Lewis announces the appointment of James Prince as branch head at its department store in Leeds

LONDON, 2016-Jan-16 — /EPR Retail News/ — John Lewis has today announced that James Prince will become head of branch at its department store in Leeds, set to open autumn 2016. John Lewis will invest £37 million in the 255,000 sq ft department store, which will be one of the largest outside London. James will lead the…
January 16, 20160Comments

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Business Malls Management Retail

Taubman not to move forward with an enclosed regional mall that was slated to be part of Miami Worldcenter mixed-use development in Miami, Florida

Company has decided not to move forward with enclosed regional mall Now pursuing a high street retail plan Write off of $11-$12 million to be recognized in the fourth quarter of 2015 BLOOMFIELD HILLS, Mich., 2016-1-12 — /EPR Retail News/ — Taubman Centers, Inc. (NYSE: TCO) today announced that it has decided not to move forward…
January 12, 20160Comments

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Malls Management Retail Retail Solutions Retailer

PREIT and ChargeItSpot provide consumers with free phone charging in secure lockers while shopping

Consumers from Michigan to Virginia Now Enjoying "Stress-Free" Shopping at PREIT Malls More than 8,400 shoppers used the free service during its initial deployment in December 2015 PHILADELPHIA, 2016-1-12 — /EPR Retail News/ — Two Philadelphia-based companies have teamed up to offer mall-goers a better shopping experience. PREIT (www.preit.com), a publicly traded REIT specializing in the…
January 12, 20160Comments

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Business Malls Management

CBRE: U.S. commercial real estate market shows continued healthy demand during Q4 2015

Six Year Trend of Declining Office Vacancy and Industrial Availability Continues Los Angeles, 2016-1-12 — /EPR Retail News/ — The U.S. commercial real estate market shows continued healthy demand across all property types during the fourth quarter of 2015 (Q4 2015), according to the latest analysis from CBRE Group, Inc. In Q4 2015: The office vacancy rate declined…
January 12, 20160Comments

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Business Malls Management Retail

Federal Realty Investment Trust to release fourth quarter and year-end 2015 earnings on February 9, 2016

ROCKVILLE, Md., 2016-1-11 — /EPR Retail News/ — Federal Realty Investment Trust (NYSE: FRT) will announce fourth quarter and year-end 2015 earnings in a press release to be issued after market close on Tuesday, February 9, 2016. The conference call for fourth quarter and year-end earnings will take place on Wednesday, February 10, 2016, at 11:00…
January 11, 20160Comments

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Entertainment Malls Management

Philippines: SM Cinema adds more cinema screens nationwide

SM Cinema’s new large format theatre called the “LARGE SCREEN FORMAT” at SM Seaside City Cebu features a super-sized screen almost 30% larger than the regular cinema screen size. Pasay City, Philippines, 2016-1-8 — /EPR Retail News/ — SM Cinema is bringing world class entertainment closer to provincial areas as it adds more cinema screens nationwide. SM…
January 8, 20160Comments

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Business Financial Malls Management Retail

DDR Corp closed on $564 million of acquisitions and $1.0 billion of dispositions at 100% ownership in 2015

BEACHWOOD, Ohio, 2016-1-5 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) today announced that it closed on the acquisition of seven prime shopping centers totaling $404 million and the disposition of 12 assets totaling $275 million at 100% ownership during the fourth quarter of 2015. For the full year 2015, the Company closed on…
January 5, 20160Comments

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Business Malls Management

Taubman Centers, Inc. and The Macerich Company to purchase Country Club Plaza from Highwoods Properties, Inc.

BLOOMFIELD HILLS, Mich., 2016-1-5 — /EPR Retail News/ — Taubman Centers, Inc. (NYSE: TCO) and The Macerich Company (NYSE: MAC) today announced an agreement to purchase Country Club Plaza (Kansas City, Mo.) fromHighwoods Properties, Inc. (NYSE: HIW). The purchase price for the mixed-use retail and office property is$660 million cash, excluding transaction costs. Taubman andMacerich will each…
January 5, 20160Comments

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Business Malls Management Retail Retailer

Klépierre further increases its leadership position in Scandinavia with the acquisition of Oslo’s leading shopping center, Oslo City

PARIS, 2016-1-4 — /EPR Retail News/ — Klépierre announces that Steen & Strøm, its 56.1% controlled subsidiary, jointly with its partner – Entra – has completed1 the acquisition of Oslo City on December 31, 2015. Steen & Strøm and Entra have started a demerger process of the holding company that owns Oslo City, following which, Steen…
January 4, 20160Comments

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Awards Business Malls Management Retail Retailer

Philippines: SM Prime Holdings hailed the Best Real Estate Developer (Retail) for the 3rd time by Euromoney Magazine’s 11th Annual Real Estate Survey

PASAY CITY, PHILIPPINES, 2015-12-29 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property companies in Southeast Asia, was hailed as the Best Real Estate Developer (Retail) in the Philippines for the third time by Euromoney Magazine, last November 16. This award celebrated Philippine real estate’s robust growth in…
December 29, 20150Comments

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Awards Business Malls Management Retail Retailer

SM Investments Corporation receives Platinum Award from Hong Kong-based magazine The Asset for the 7th Year

SM SVP for Finance Franklin Gomez receives The Platinum Award for excellence in corporate governance, corporate social responsibility and investor relations on behalf of the company.   Pasay City, Philippines, 2015-12-21 — /EPR Retail News/ — SM Investments Corporation (SM) was cited anew by Hong Kong-based magazine The Asset as a winner of the Platinum Award, the highest award…
December 21, 20150Comments

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Business Malls Retail Retailer Sports

PREIT: Dick’s Sporting Goods to open at Cumberland Mall in Vineland, New Jersey

Store will backfill former JC Penney location PHILADELPHIA, 2015-12-17 — /EPR Retail News/ — PREIT  (NYSE: PEI) announces its plans to open a Dick's Sporting Goods at Cumberland Mall in Vineland, New Jersey. The sports and fitness retailer, which offers brand name, high-quality sporting equipment, accessories, apparel and footwear at competitive prices, will occupy the former JCPenney…
December 17, 20150Comments

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Business Malls Management Retail Retailer

Philippines: SM Prime Holdings mall business announces recent ISO 22301 certification

Pasay City, Philippines, 2015-12-17 — /EPR Retail News/ — The mall business of SM Prime Holdings, Inc. (SM Prime), the country’s largest integrated property developer, reported its recent certification by the International Organization for Standardization. The ISO 22301 certification affirms the company’s commitment to meet the needs of its stakeholders especially in times of disasters and…
December 17, 20150Comments

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Business Financial Malls Management Retail

Taubman to announce its fourth quarter 2015 earnings on February 10, 2016

BLOOMFIELD HILLS, Mich., 2015-12-15 — /EPR Retail News/ — Taubman Centers, Inc. (NYSE: TCO) will announce its fourth quarter 2015 earnings after the market closes on February 10, 2016. The company will host a conference call to discuss these results on February 11, 2016 at 11 a.m. EST. Stockholders and interested parties may listen to a live…
December 15, 20150Comments

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Business Malls Management Retail Retailer

Philippines: SM celebrates 30th anniversary of SM City North EDSA mall

Pasay City, Philippines, 2015-12-15 — /EPR Retail News/ — SM City North EDSA, one of the most iconic shopping malls in the country, has been an epitome of how SM malls have transformed to meet the shifting needs and demands of consumers in a dynamic Philippine retail environment. From a footprint of only 125,000 square meters…
December 15, 20150Comments

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Business Malls Management Retail Retailer

Convenience retail: London & Cambridge Properties to acquire nationwide portfolio of neighbourhood shopping parades

LONDON, 2015-12-11 — /EPR Retail News/ — London & Cambridge Properties (LCP) has strengthened its hold in the UK local convenience retail sector by acquiring a £36.65 million nationwide portfolio of neighbourhood shopping parades, it was announced today. The addition of the Navigation portfolio to the Local Convenience Parades division of LCP - one of the UK’s…
December 11, 20150Comments

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Business Malls Management Retail Retailer

InvenTrust Properties Corp acquired two high performing open air shopping centers in Orlando, Florida and in Katy, Texas

Acquires Rio Pinar Plaza in Orlando, Florida and Price Plaza in Katy, Texas OAK BROOK, Ill., 2015-12-11 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today announced that it has acquired two high performing open air shopping centers. InvenTrust acquired Rio Pinar Plaza, a 124,283 square foot, 100% leased shopping center located in Orlando,…
December 11, 20150Comments

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Business Environment Malls Management Retail Retailer

Philippines: SM malls evolved into sustainable structures

Pasay City, Philippines, 2015-12-9 — /EPR Retail News/ — SM malls, which now total 56 in the country, have evolved into sustainable structures that are proving to be valuable and sensible investments. In the last few years, SM malls have consciously integrated disaster risk reduction into design and operations in the midst of worsening effects of climate…
December 9, 20150Comments

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Entertainment Malls Management Retail Retailer

LEGOLAND Discovery Centers to open at PREIT’s Plymouth Meeting Mall in Spring 2017

Pennsylvania's popular family attraction to open in Spring 2017 PLYMOUTH MEETING, Pa., 2015-12-8 — /EPR Retail News/ — LEGOLAND Discovery Centers, unique indoor attractions based on the popular LEGO® brick, will begin construction next summer on LEGOLAND® Discovery Center Philadelphia at PREIT's Plymouth Meeting Mall. The 33,000 square foot attraction will be a premier destination for adults…
December 8, 20150Comments

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