CBRE: U.S. office space vacancy increased to 13 percent during Q4 2017

Los Angeles, 2018-Jan-15 — /EPR Retail News/ — Vacant office space in the U.S. increased slightly by 10 basis points (bps) during the fourth quarter of 2017 (Q4 2017) to 13 percent, according to the latest analysis from CBRE. For the year, vacancy inched up 10 bps, marking the first year-over-year increase in vacancy since […]

HBC: Marc Metrick, President of Saks Fifth Avenue to expand leadership role to include Gilt and Saks OFF 5TH

TORONTO & NEW YORK, 2018-Jan-11 — /EPR Retail News/ — HBC today (January 9, 2018) announced that Marc Metrick, President of Saks Fifth Avenue, will expand his leadership role to include Gilt and Saks OFF 5TH. In this capacity, Mr. Metrick will lead distinct teams and work to ensure that each business remains well positioned to […]

CBL Properties unveils major anchor redevelopment project at Eastland Mall in Bloomington, IL

CBL Announces Exciting Redevelopment Plans For Former Department Store CHATTANOOGA, Tenn., 2018-Jan-10 — /EPR Retail News/ — CBL Properties (NYSE:CBL) today (1/4/2018) confirmed details of its transformation plan for Eastland Mall in Bloomington, IL. Global fashion retailer H&M and popular fitness center Planet Fitness will join the center as part of the redevelopment of the […]

New joint venture brings together Hernando de Soto and Medici Ventures’ blockchain expertise to develop a global property registry system

Blockchain used to Create First Global Record of Who Controls Territory and Property RightsSALT LAKE CITY, UT, 2017-Dec-14 — /EPR Retail News/ — World-renowned economist Hernando de Soto and blockchain technology leader Patrick Byrne (founder Overstock.com, Inc. (NASDAQ:OSTK) and blockchain subsidiary Medici Ventures) have formed a joint venture to develop a global property registry system to surface  the property […]

Citycon announces equity repayment of EUR 0.0325 per share

Helsinki, 2017-Dec-13 — /EPR Retail News/ — The Board of Directors of Citycon Oyj has today (12 December 2017) decided, on the basis of the authorisation by the Annual General Meeting 2017, that an equity repayment of EUR 0.0325 per share be distributed from the invested unrestricted equity fund of the company. The equity repayment […]

Weingarten Realty Investor declares special cash dividend of $0.75 per common share

HOUSTON, 2017-Dec-13 — /EPR Retail News/ — Weingarten Realty Investors (NYSE:WRI) announced today (12/11/2017) that its Board of Trust Managers declared a special cash dividend of $0.75 per common share payable on December 29, 2017 to shareholders of record on December 26, 2017. The Company estimates the special dividend will consist primarily of gains on dispositions […]

LCP promotes Amy James to legal director

LCP promotes Amy James to legal director   London, 2017-Dec-12 — /EPR Retail News/ — Amy James, LCP’s head of legal, has been appointed a new director. Amy joined the company’s London office in 2007 as a solicitor, after training, qualifying and practising at Clifford Chance LLP. She was appointed head of legal (uk) four years […]

British Land celebrates the completion of the £60 million refurbishment of Meadowhall

British Land celebrates the completion of the £60 million refurbishment of Meadowhall   London, 2017-Dec-07 — /EPR Retail News/ — British Land, joint owner of Meadowhall, one of the UK’s premier shopping destinations, is today (06 DEC 2017) celebrating the completion of the £60 million refurbishment of the centre. This marks the end of a two-year programme, […]

Macerich and Life Time® to build a Athletic healthy lifestyle, wellness and entertainment resort destination at Biltmore Fashion Park in Phoenix

Macerich and Life Time® to build a Athletic healthy lifestyle, wellness and entertainment resort destination at Biltmore Fashion Park in Phoenix   SANTA MONICA, Calif., 2017-Dec-07 — /EPR Retail News/ — Macerich (NYSE:MAC), one of the nation’s leading owners, operators and developers of retail properties in top markets, and Life Time®, the nation’s only Healthy Way of Life […]

Taubman Centers declares a regular quarterly dividend of $0.625 per share of common stock

BLOOMFIELD HILLS, Mich., 2017-Dec-06 — /EPR Retail News/ — The Board of Directors of Taubman Centers, Inc. (NYSE: TCO) today (12/04/2017) declared a regular quarterly dividend of $0.625 per share of common stock. The common dividend is payable Dec. 29, 2017, to shareholders of record on Dec. 15, 2017. The Board of Directors also declared quarterly dividends of $0.40625 on its 6.5% Series J […]

Kimco Realty to host Q4 2017 earnings conference call on Thursday, February 15

NEW HYDE PARK, New York, 2017-Dec-04 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) will announce its fourth quarter 2017 earnings on Thursday, February 15, 2018 before market opens. You are invited to listen to our quarterly earnings conference call, which will be broadcast live over the Internet on Thursday, February 15, 2018 […]

RioCan Real Estate Investment Trust to increase its monthly distribution starting with January 2018

TORONTO, 2017-Dec-04 — /EPR Retail News/ — RioCan Real Estate Investment Trust(“RioCan”) (TSX:REI.UN) today ( Dec. 01, 2017) is pleased to announce that it will increase its monthly distribution to unit holders to 12 cents per unit commencing with the January 2018 distribution, payable in February 2018. On an annualized basis, this will increase RioCan’s annualized distribution by 3 cents to $1.44 per unit, or […]

Pradera appoints Sabiha Güleç and Sevgi Ocak as Joint Heads of its Turkey office

London, UK, 2017-Dec-01 — /EPR Retail News/ — Pradera, the specialist international retail real estate fund and asset manager, has appointed Sabiha Güleç and Sevgi Ocak as Joint Heads of its Turkey office. Their primary responsibility will be to oversee the management of Istanbul Cevahir, one of Europe’s largest shopping centres that Pradera manages on […]

Pradera improved its Global Real Estate Sustainability Benchmark results for 2017 across its funds

London, UK, 2017-Dec-01 — /EPR Retail News/ — Pradera, the specialist international retail real estate fund and asset manager, has again demonstrated it is setting the standard for sustainable retail real estate, having significantly improved its Global Real Estate Sustainability Benchmark (GRESB) results for 2017 across three of its funds. The Pradera funds were analysed […]

Macerich announces the sale of its Chicago office building for $86.4 million

SANTA MONICA, Calif., 2017-Nov-29 — /EPR Retail News/ —The Macerich Company (NYSE: MAC) today (Nov. 27, 2017) announced the sale of an office building at 500 North Michigan Avenue in Chicago for $86.4 million.  The asset was unencumbered and wholly-owned by Macerich. 500 N. Michigan Ave is a 326,000 square foot office tower located adjacent to Macerich’s The Shops at North Bridge, a 673,000 square […]

Brixmor Property Group to host live webcast of its 2017 Investor Day Presentation on Tuesday, December 5, 2017

NEW YORK, 2017-Nov-29 — /EPR Retail News/ — Brixmor Property Group Inc. (NYSE: BRX) invites you to listen to a live webcast of its 2017 Investor Day Presentation on Tuesday, December 5, 2017 from 8:30 AM ET to approximately 12:00 PM ET. The webcast information is as follows: Event: Brixmor Property Group Investor Day 2017 When: 8:30 AM […]

DFS Group unveils newly renovated T Galleria by DFS Sydney

DFS Group unveils newly renovated T Galleria by DFS Sydney   Sydney, 2017-Nov-27 — /EPR Retail News/ — DFS Group, the world’s leading luxury travel retailer, today (24 NOV 2017) unveiled its newly renovated store, T Galleria by DFS Sydney. The modern interior, which boasts a fresh, clean look, complements the store’s attractive red-brick façade […]

LCP: shopping parade in Alvaston, Derbyshire now fully let with new tenant Lucy Nails moving in

London, 2017-Nov-22 — /EPR Retail News/ — A well-manicured local shopping parade in Alvaston, Derbyshire, is fully let for the first time in its history – demonstrating that confidence in the retail market is increasingly buoyant. The parade of eight shops on London Road, which is anchored by a Co-op supermarket, has signed up Lucy Nails, […]

HBC to host Q3 2017 financial results conference call on December 6, 2017

TORONTO & NEW YORK, 2017-Nov-22 — /EPR Retail News/ — HBC (TSX: HBC) is scheduled to announce full financial results for the quarter ended October 28, 2017 before the opening of the financial markets on December 6, 2017. Senior management will discuss financial results and other matters during a conference call that day at 8:30 AM EST. The conference call will be accessible […]

Mill Station: Kimco unveils plans for a new, open-air shopping destination in Baltimore County, Maryland

Mill Station: Kimco unveils plans for a new, open-air shopping destination in Baltimore County, Maryland   Costco to anchor this Kimco Signature Series development NEW HYDE PARK, N.Y., 2017-Nov-22 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) today (11/21/2017) introduced plans for Mill Station – a new, open-air shopping destination at the former site of […]

MAPIC 2017: More than 8,500 delegates from 80 countries came together for the annual international retail real estate market

Paris, 2017-Nov-20 — /EPR Retail News/ — More than 8,500 delegates from 80 countries congregated in Cannes this week for MAPIC – the annual international retail real estate market, which brought together 2,100 retailers, 2,500 developers and 1,000 investors. Reflecting the pace at which retail real estate is evolving, this year’s MAPIC showcased the first International […]

British Land announces redevelopment plans for 1 Triton Square, Regent’s Place

British Land announces redevelopment plans for 1 Triton Square, Regent’s Place   London, 2017-Nov-17 — /EPR Retail News/ — British Land announces that it will redevelop 1 Triton Square, Regent’s Place and has finalised terms on a pre-let of the office space covering 310,000 sq ft with Dentsu Aegis Network, the global brand, media and […]

NAREIT names Macerich 2017 Retail “Leader in the Light” for the fourth straight year

Macerich Earns Nareit’s Prestigious Retail ‘leader In The Light’ Award For Fourth Straight Year, Leading Industry In Sustainability Macerich Also Achieves #1 GRESB Ranking for North American Retail Sector in 2017, Third Year in a Row SANTA MONICA, Calif., 2017-Nov-17 — /EPR Retail News/ — Macerich (NYSE: MAC), one of the nation’s leading owners, operators and […]

CBRE welcomes Curt Grantham as Global President of Project Management

Los Angeles, 2017-Nov-16 — /EPR Retail News/ — CBRE today (November 13, 2017) announced that Curt Grantham has been appointed to a new role as Global President of Project Management.  Mr. Grantham will drive strategy, growth and client outcomes for CBRE’s Project Management businesses across all geographic regions. Mr. Grantham has been with CBRE for […]

CBRE hosted its first-ever simulcast for members of its Women’s Network

Live Event Viewed by Thousands Of Members Worldwide Los Angeles, 2017-Nov-16 — /EPR Retail News/ — CBRE hosted its first-ever simulcast for members of the CBRE Women’s Network, on November 9. The live-streaming presentation, called “A Conversation with Amy Cuddy,” was viewed by more than 3,000 CBRE women and men across the U.S., Canada, Latin […]

CBRE acquires Streetsense’s retail brokerage operations

Los Angeles, 2017-Nov-16 — /EPR Retail News/ — CBRE Group, Inc. (NYSE: CBG) today (November 15, 2017) announced it has acquired a 50% interest in Streetsense, a privately-held strategy and design company, creating a joint venture to provide services that help retailers and other clients create compelling consumer experiences. As part of the strategic investment […]

GGP Inc. receives unsolicited proposal from Brookfield Property Partners L.P.

GGP Inc. receives unsolicited proposal from Brookfield Property Partners L.P.   Board Establishes Special Committee to Evaluate Proposal Stockholders Advised to Take No Action at This Time CHICAGO, 2017-Nov-15 — /EPR Retail News/ — GGP Inc. (NYSE: GGP) (“GGP” or “the Company”) today (November 13, 2017) confirmed that on Saturday, November 11, 2017, the Company’s […]

Taubman announces return of “Santa’s Flight Academy” to 12 of its shopping centers from November 9 through December 24

Larger-than-life reimagination of the North Pole features state-of-the-art technology that transforms each child into a ‘Cadet’ and delivers a sneak peak of ‘Ferdinand’ in theaters Dec. 15 BLOOMFIELD HILLS, Mich., 2017-Nov-09 — /EPR Retail News/ — To capture the magic and wonder of the holiday season, Taubman (NYSE: TCO) today (11/07/2017) announced that “Santa’s Flight Academy,” a one-of-a-kind, immersive […]

Joe Browns debuts its very first physical location at British Land’s Meadowhall

Joe Browns debuts its very first physical location at British Land’s Meadowhall   London, 2017-Nov-08 — /EPR Retail News/ — Joe Browns has opened its first ever store at British Land’s Meadowhall, one of the UK’s premier shopping destinations. The 4,000 sq ft store, located on Meadowhall’s High Street, immerses customers in Joe Browns’ colourful world […]

Kimco commences $186 million redevelopment of former Hylan Plaza shopping center on Staten Island into The Boulevard

Kimco commences $186 million redevelopment of former Hylan Plaza shopping center on Staten Island into The Boulevard   Anchors for the multi-level, open-air center include ShopRite, Alamo Drafthouse, Marshalls, Ulta, PetSmart, LA Fitness and more NEW HYDE PARK, N.Y., 2017-Nov-08 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) has commenced construction on The Boulevard, […]