ICSC: International Council of Shopping Centers

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29 March 2007
Congress may act to close Web retail sales tax loophole
An ICSC campaign to even the playing field between Internet merchants and physical stores is bearing fruit

22 March 2007
Borders to close up to 300 Waldenbooks stores, withdraw from overseas markets

22 March 2007
Tesco inks $1.3 billion sale-leaseback with British Land

21 March 2007
$500 million China retail venture formed
Bear Stearns creates fund with China's Huang Guangyu to expand retail

16 March 2007
Macquarie and partner spend $3.5 billion for Spirit
International investors show increasing U.S. interest with REIT purchase

16 March 2007
KKR acquires Dollar General chain for $7.3 billion
Private equity firm takes on ailing discount chain with plans to reverse its performance

8 March 2007
U.S. chain store sales up 2.5 percent for February
Cold weather slowed pace of growth

6 March 2007
Mexico conference celebrates boom
Economic expansion is spurring major retail development

28 February 2007
A&P to buy Pathmark for about $653 million
Deal will create 600-store supermarket giant

28 February 2007
Centro to buy New Plan for $3.5 billion
Transaction would make Centro third-largest owner of U.S. open-air centers

27 February 2007
Federated to become Macy’s Group
Name change will reflect new focus, CEO says

26 February 2007
Gap scraps Forth & Towne
Retailer will shut 19-unit concept and refocus on reviving Gap and Old Navy divisions

23 February 2007
Whole Foods-Wild Oats acquisition praised
The $565 million deal gives Whole Foods 110 stores

16 February 2007
Mills accepts Simon, Farallon offer of $1.64 billion
REIT rejects previous deal with Brookfield Asset Management

8 February 2007
January sales increased 3.7 percent at U.S. chain stores
Cold weather, gift cards drove traffic

6 February 2007
Weekly sales up 1.3 percent for U.S. chain stores
Super Bowl shopping has positive effect

5 February 2007
CBL, Bain invest $60 million in China mall developer
Jinsheng Group operates 7.1 million square feet in Shanghai

5 February 2007
Simon, hedge fund make $1.36 billion bid for Mills
Offer tops previously accepted $1.19 billion bid from Brookfield

2 February 2007
ICSC nominates new chairman
Ivanhoe Cambridge's Rene Tremblay is tapped

2 February 2007
Simon FFO up 8.9 percent in 2006
2006 net income jumped 21 percent to $486.1 million

1 February 2007
Regency Centers grew FFO, rents in 2006
REIT says same-store NOI up 4.4 percent for year

26 January 2007
H&M to launch premium chain
The retailer will open Collection of Style in Europe this year

23 January 2007
U.S. chain store sales up 0.1 percent for week ended Jan 20
Year-over-year sales increased 4.8 percent

23 January 2007
Gap Inc. CEO Pressler quits
Panel of retail luminaries searching for replacement

23 January 2007
Wal-Mart opens green Supercenter
The new prototype uses 20 percent less energy

23 January 2007
Report: Latin America's retailers growing fastest
The region's chains are the most profitable, too

17 January 2007
Brookfield to buy Mills for $7.5 billion
Asset manager will recapitalize Mills and run it as a subsidiary

12 January 2007
GGP extends mall hours
Malls will open earlier Saturdays, and close later Friday and Saturday nights

9 January 2007
U.S. sales up 0.7 percent for week ended Jan. 6
Gift cards, post-holiday activity drive strongest month since October

4 January 2007
December sales increased 3.1 percent at U.S. chain stores
Luxury stores and wholesale clubs saw most traffic

3 January 2007
U.K. property giant becomes REIT
As the U.K. and Germany allow REITs, Land Securities and nine others change status

3 January 2007
U.S. chain store sales increased 0.3 percent last week
Holidays end on positive note as gift card redemptions kick in

27 December 2006
U.S. chain store sales up 2 percent last week
Pre-Christmas rush spurs sales increase

20 December 2006
Westfield raises $1.05 billion in U.K. mall deal
Transaction is part of bid to raise $5.4 billion in development funds

19 December 2006
U.S. chain store sales increased 1.6 percent last week
Holiday sales gathering momentum after slow start, survey says

14 December 2006
Canada's RioCan partners with American REIT to buy, develop $1.5 billion worth of U.S. retail center
Deal includes a 4.5 percent stake in joint venture partner Ramco-Gershenson

14 December 2006
Home Depot buys Chinese chain for $100 million
Deal gives U.S. retailer 12 stores in six Chinese cities

12 December 2006
Holiday rush begins as weekly sales increase 1 percent at U.S. chain stores
Shoppers regain momentum as sales pick up pace in December

30 November 2006
November sales up 2.1 percent at U.S. chain stores
Department stores, luxury chains see largest sales gains as holiday shopping season kicks off

29 November 2006
Colony hires Siegel to complete Meadowlands Xanadu
Former Mills CEO takes helm of $2.3 billion retail-entertainment complex

27 November 2006
Malls post strong Black Friday sales
Retail sales of nearly $9 billion are up 6 percent over 2005

20 November 2006
Weingarten, BlackRock acquire retail portfolio
BlackRock buys nine centers for $223 million, Weingarten pays $189.4 million for 16

17 November 2006
Federated sells bridal group for about $850 million
Private equity group takes bridal stores, Men's Wearhouse acquires tuxedo rental chain

17 November 2006
Mixed-use development hailed at conference
Delegates say the format is a solution to sprawl, but not an easy one

10 November 2006
Seventeen percent of Americans will increase holiday spending this year, ICSC survey says
Average U.S. consumer to spend $676 on holiday shopping this year

7 November 2006
Weekly sales up 1 percent at U.S. chain stores
Year-over-year sales increased slightly too, at 2.3 percent

3 November 2006
TIAA-CREF holds $2.5 billion stake in DDR’s Inland deal
Institution and developer form joint venture for 67 properties

2 November 2006
U.S. chain store sales grew 3 percent in October
Cold weather drove traffic in department stores, according to ICSC’s survey

1 November 2006
CB Richard Ellis to buy Trammell Crow for $2.2 billion
Deal will create mammoth real estate services firm with $4 billion in annual revenue

31 October 2006
Weekly sales slide 0.2 percent at U.S. chain stores
Year-over-year growth increases slightly, sales up 2.3 percent

30 October 2006
GE buys Trustreet in $3 billion deal
Restaurant REIT will become part of GE Capital Solutions division

27 October 2006
Congress celebrates Latin America's mall boom
Argentina plays host to third International Congress of Shopping Centers

25 October 2006
Israeli developer buys 9 percent of Mills for $110 million
News causes REIT’s stock to soar

23 October 2006
DDR buys Inland Retail’s portfolio for $6.2 billion
REIT partners with institutional investor to buy 43.6 million-square-foot, Southeast-focused portfolio

20 October 2006
Developers Diversified buys into Brazilian landlord
$130M investment gives U.S. REIT 50 percent stake in 3.4 million-square-foot mall portfolio

10 October 2006
Ross Stores buys 46 former Albertsons stores
Discount chain will convert supermarkets into apparel stores

5 October 2006
September sales rise 3.8 percent
Unpleasant weather brought the sunshine out for department stores

4 October 2006
Weekly sales slide 0.3 percent
September’s overall sales growth expected to be 4 percent

2 October 2006
Mills CEO steps down
Siegel retires, Ordan takes over executive role at REIT

29 September 2006
Neiman Marcus to grow Last Call outlet store portfolio
12 new units to open within five years, CEO says

27 September 2006
Westfield San Francisco Centre opens today
Forest City Enterprises, Westfield Group launch $460 million redevelopment

27 September 2006
Kimco buys 19 centers for $920 million from GE
REIT plans to flip 3.6 million-square-foot portfolio to an institutional investor

26 September 2006
U.S. chain store sales decrease for third consecutive week
But year-over-year sales growth shows increase in demand

22 September 2006
Veteran developer Jim Wilson Jr. dead at 71
Former ICSC chairman and trustee was "one of most beloved people in the whole industry."

20 September 2006
Westfield unveils plans for London’s biggest mall
1.6 million-square-foot Westfield London to open in 2008

19 September 2006
Saks Fifth Avenue plans Mexico expansion
Luxury chain inks licensing deal to open first store in Mexico City

18 September 2006
Ivanhoe forms joint venture with Brazil’s Ancar
Deal gives Canadian firm interests in three Brazilian centers

11 September 2006
Mayor vetoes Chicago 'living wage' ordinance
Daley nixes law requiring big boxes to pay higher wages

7 September 2006
Wal-Mart launches new merchandising strategy
U.S. stores will be divided into six groups that will target six different consumer segments

5 September 2006
U.S. chain store sales increased 2.9 percent in August
Discounters, wholesale clubs were month's biggest gainers

29 August 2006
U.S. chain store sales increased 0.6 percent last week
Year-on-year growth is up 3.6 percent

22 August 2006
Colony agrees to finance Meadowlands Xanadu
Deal good for both project and Mills, observers say

22 August 2006
Florida projects face high insurance, construction costs
Retailers remain upbeat on the market's return on investment

14 August 2006
Ivanhoe Cambridge to pay $1.5 billion for 3 Mills stakes
With deal, U.S.-based Mills cashes out of international market

8 August 2006
U.S. chain store sales slid 0.2 percent last week
High gasoline prices, hot weather took toll on traffic

7 August 2006
Major record companies shut off Tower
Some predict that music retailer will liquidate

3 August 2006
Report: Ordinance prompts Target to cancel Chicago store plans
“Living wage” bill makes business unprofitable for big boxes, observers say

3 August 2006
U.S. chain store sales grew 3.5 percent in July
Hot weather helped some chains, hurt others

2 August 2006
Belk buys Parisian from Saks for $285 million
Trimmed-down Saks will now focus on upscale Saks Fifth Avenue stores

2 August 2006
Bank-issued mall gift cards subject to federal, not state, scrutiny, judge rules
Simon wins victory in New Hampshire legal battle

2 August 2006
U.S. chain store sales grew 0.9 percent last week
Year-over-year pace of growth slows to 1.8 percent

28 July 2006
Wal-Mart to pull out of Germany
Discount giant says it will sell 85 stores to Metro

25 July 2006
U.S. chain store sales increased 0.2 percent last week
Back-to-school shoppers drove growth

20 July 2006
Federated sells 4 mall anchor stores to Target
Malls in California, New Mexico and Pennsylvania affected

19 July 2006
FASB to revise lease accounting standards
New rules likely to require publicly owned retailers to recognize leases on corporate balance sheets, observers say

18 July 2006
Gas prices cause 53 percent of U.S. households to cut spending in July
Average household expenditure on gas is up to $50 per week in U.S.

18 July 2006
U.S. chain store sales declined 0.6 last week
Pace of year-on-year growth slowed to 2 percent

14 July 2006
Petco sells for $1.8 billion
Private equity firms Leonard Green & Partners, Texas Pacific team to buy 800-store chain

13 July 2006
Asia sorely lacks reliable data, Expo speakers say
Growing involvement of REITs will bring transparency, they add

11 July 2006
ICSC's Asia Expo opens in Singapore
Convention marks Asia's largest retail development gathering

10 July 2006
Kimco buys Pan Pacific for $4 billion
Deal brings Kimco portfolio to 165.8 million square feet

10 July 2006
Centro Watt to buy Heritage Property Trust
$3.3 billion deal, including debt, doubles joint venture’s U.S. retail portfolio

6 July 2006
U.S. chain store sales grew 2.6 percent in June
Drugstore sector showed biggest gains for month

6 July 2006
New Neiman Marcus concept will launch this month
Cusp stores will target younger demographic

6 July 2006
Ivanhoe to export expertise to China
Montréal firm forms retail real estate services joint venture

5 July 2006
Bain, Blackstone buy Michaels for $6 billion
Private funds will try to shore up crafts chain's competitive position

30 June 2006
Charlotte Russe sells 44 Rampage stores to Forever 21 for $14 million
Deal latest step in disposition of struggling chain's stores

30 June 2006
Cadillac Fairview buys 46 percent of Brazil's Multiplan
Rio de Janeiro–based mall owner, Brazil's largest, valued at over $1 billion

29 June 2006
Tesco plans at least 100 U.S. stores
Rollout underscores grocery giant’s commitment to U.S.

27 June 2006
GGP to build 1 million-square-foot center
Milwaukee project underscores the developer's commitment to community development

22 June 2006
Apollo, NRDC execs buy Lord & Taylor for $1.2 billion
Parties expect to close 48-store deal sometime in third quarter

21 June 2006
J. Crew to go public next week
NYC-based apparel chain hopes to raise $367.5 million

20 June 2006
Divided Supreme Court issues wetlands ruling
Verdict muddies the waters, provides little guidance, many say

20 June 2006
U.S. chain store sales flat last week
Year-on-year pace of demand grew 3.9 percent

14 June 2006
Westfield gains control over 2012 Olympic Games site
Officials call $258 million deal 'good news' for Londoners

13 June 2006
U.S. chain store sales grew 1.2 percent last week
Year-on-year pace of growth increased 4 percent

9 June 2006
Gap takes U.S. stores back to basics
New prototype, merchandise strategy to roll out this summer

9 June 2006
Simon might launch property fund with institutional investor
REIT seeks to leverage its economies of scale in non-mall sector

9 June 2006
Albertsons to close 100 stores
Safeway will benefit through market share gain, observers say

6 June 2006
U.S. chain store sales grew 0.1 percent last week
Year-over-year pace of growth was 3.4 percent

1 June 2006
U.S. chain store sales up 4.1 percent in May
Department stores post highest gains since 1997

31 May 2006
U.S. chain store sales slipped 1 percent last week
Shoppers had no compelling reason to spend, economist says

24 May 2006
2006 Hot Retailers named
Five innovative tenants honored at ICSC Spring Convention

22 May 2006
Mayors laud TIFs, eminent domain
These tools ease economic development, they say

21 May 2006
ICSC's 48th Spring Convention opens in Las Vegas
A record 46,000 retail real estate professionals expected to attend

20 May 2006
Mall of Asia opens in Philippines
At 4.3 million square feet, center reckoned by some to be largest in Asia

19 May 2006
GGP to develop 1.2 million-square-foot center in Nevada
100-acre project will be hub for master-planned Summerlin community

17 May 2006
Home Depot abandons same-store sales metric
Retailer says it will no longer share sales data on stores open more than one year

16 May 2006
Wal-Mart net sales up 12.3 percent in first quarter
U.S. same-store sales climb 3.8 percent

16 May 2006
U.S. chain store sales flat last week
But Mother's Day spending drove sales up 4.2 percent year on year

12 May 2006
Vornado weighs international expansion
Roth says company will look at Europe and India

10 May 2006
ShopKo sale-leaseback deal breaks record
Owner Sun Capital sells store sites for $815.3 million

10 May 2006
Westfield to sell eight malls for $550 million
Firm will use proceeds for redevelopment of other properties

9 May 2006
U.S. chain store sales fell 0.4 percent last week
Shoppers are waiting to make Mother's Day purchases

4 May 2006
U.S. chain store sales grew 6.6 percent in April
Warm weather spurs strongest growth since March 2004

3 May 2006
Macerich buys back 11 Federated stores
Deal includes mall anchors in Arizona, California, Connecticut

2 May 2006
U.S chain store sales grew 0.7 percent last week
Year-over-year, sales grew 4.3 percent

2 May 2006
Simon buys back nine Federated stores
Landlord plans to convert mall anchor stores into lifestyle centers

28 April 2006
Eastern Europe's fortunes rise on retail, conference told
Rising standards of living and retail could help stem migration

28 April 2006
Simon net jumped 82.1 percent in first quarter
Regional mall sales per square foot increased 5.5 percent

28 April 2006
Carrefour sells South Korean unit for $1.85 billion
Government regulations were hurting sales, French chain says

28 April 2006
CBL sells malls to Galileo for $63 million
Plans to sell three more for $43.5 million

27 April 2006
2006 Solal Marketing Awards winners announced
ICSC Europe honors marketing excellence

27 April 2006
European Shopping Centre Awards winners announced
Judges single out Europe's most innovative retail developments

27 April 2006
H&M outlines growth plan at European Conference
U.S., Canada, Middle East expansion focus, executive says

26 April 2006
Investcorp invests $388 million in Texas retail centers
Bahrain-based firm forms venture with Equity One to own 2.8 million square feet

26 April 2006
ICSC's European Conference opens in Denmark
Asia to spur retail growth, but aging will challenge it, delegates told

26 April 2006
Kimco, Schostak make $100.5 million acquisition
Partners acquire 28 neighborhood centers from Spectra Group

25 April 2006
Kimco's first-quarter FFO up 14.8 percent
New York–based REIT ramps up Canadian, Mexican investments

25 April 2006
U.S. chain store sales slipped 0.2 percent last week
But year-on-year growth was 4.1 percent

20 April 2006
Penney to renovate 250 stores, open 170-plus by 2009
Majority of new stores will be in off-mall locations, retailer says

18 April 2006
Saks Fifth Avenue store to open in Shanghai
Saks Inc. makes deal with private fund to expand in China, Macao

18 April 2006
U.S. chain sales grew 1.1 percent last week
Week's sales growth up 4 percent on year-over-year basis

18 April 2006
Gap Inc. to open 35 stores in Middle East
Apparel chain makes second franchise deal to expand internationally

13 April 2006
Sears Holdings' prospects strong, chairman says
Lampert stresses customer service, Sears Grand expansion and Kmart renovations

12 April 2006
Sephora to become JCPenney's beauty brand
French chain will open boutiques in all JCPenney stores

6 April 2006
U.S. chain store sales rose 1.9 percent in March
Wholesale clubs, drugstores post highest increases

6 April 2006
U.S. chain store sales flat last week
Sales grew 2.4 percent year-over-year

6 April 2006
Home Depot steps up foreign expansion
America's second-largest retailer to open more stores in Canada, Mexico

5 April 2006
Wal-Mart to encourage urban revitalization with new program
Chain will open 50 U.S. stores in blighted neighborhoods

28 March 2006
U.S. chain store sales down 1.6 percent last week
Sales for March are set to increase about 3 percent

23 March 2006
Build-A-Bear Workshop heads to India
Move will bring custom toy retailer's expansion to 14 countries

23 March 2006
Gap to open 10 more Forth & Towne stores
Company looks to new concept to boost shrinking bottom line

21 March 2006
U.S. chain store sales down 0.1 percent last week
Capricious weather tempers demand for seasonal goods

20 March 2006
Michaels Stores seeking buyer
Chain's 4Q comps grew 2.4 percent

16 March 2006
Movie Gallery offering other retailers space in 2,200 of its stores
Video chain seeks to sublease part of each store

15 March 2006
Wal-Mart ups ante in Latin America
Bentonville chain raises CARHCO stake to 51 percent, renames it Wal-Mart Central America

14 March 2006
U.S. chain store sales up 0.1 percent last week
Warm weather spurred shopping trips, ICSC's index reveals

13 March 2006
Australian department store chain selling for $1 billion
Texas Pacific (owner of Neiman Marcus, Debenhams) adds Coles Myer stores to portfolio

10 March 2006
We're not anti-competitive, U.K. supermarket chains say
British government probes supermarket practices

10 March 2006
Consumer spending rises 6.8% in January
Warm temperatures boost spending, observers say

7 March 2006
U.S. chain store sales grew 0.2 percent last week
Milder weather drew consumers into stores

3 March 2006
General Growth invests in Turkey
U.S. REIT joins Germany's ECE to buy, develop Turkish centers

2 March 2006
U.S. chain sales rose 3.2 percent in February
Chilly temperatures, high fuel prices kept gains low

1 March 2006
Walmex to expand into 20 new cities
Mexican retail giant reports $1.14 billion growth plan

28 February 2006
U.S. chain sales rose 1.5 percent last week
Retailers rebound from 'volatile' February weather, ICSC says

24 February 2006
Mills Corp. exploring strategic alternatives
Virginia REIT hires new COO, delays 2005 earnings report

22 February 2006
Federated fourth-quarter total sales up 87 percent
Department store chain's 2005 comp-store sales grew 1 percent

22 February 2006
Supervalu to sell Deals to Dollar Tree for $30.5 million
Dollar-store chain, acquired in 2002, operates 138 stores in 16 states

22 February 2006
Redevelopment boosted Fed Realty bottom line in '05
Maryland-based firm's FFO up 9.9 percent, operating income up 6.1 percent

22 February 2006
Sales up 6.4 percent at General Growth malls in 2005
Fourth-quarter revenues rose along with land sales, rents

22 February 2006
U.S. chain sales rose 0.2 percent last week
Sales for February on track to rise 3 percent, ICSC says

21 February 2006
Trans World to buy Musicland assets
FYE parent company set to acquire Sam Goody, Suncoast stores

17 February 2006
RadioShack to close up to 700 stores
Retailer to shut units over 18 months after profits fall 62 percent

17 February 2006
GGP wins favorable refinancing of loan for Rouse buy
New terms, 60 basis points lower, free up capital for future acquisitions

17 February 2006
Westfield to buy 15 Federated stores
Department store units located in California, Connecticut, Maryland and Ohio

14 February 2006
Macerich FFO up 13 percent last year
Fourth-quarter rent spreads grew 22 percent

14 February 2006
Developers Diversified enjoyed healthy 2005
Rents up 14.2 percent, operating income up 2.2 percent, firm says

14 February 2006
RED, Barron Collier plan $500 million Phoenix project
Downtown mixed-use CityScape to include 200,000 square feet of retail

14 February 2006
U.S. chain sales slipped 0.4 percent last week
Olympics, cold weather keep shoppers from stores

14 February 2006
Kimco FFO up 14.6 percent in '05
Average base rents up 12.2 percent for year

9 February 2006
Tesco to open convenience stores in U.S.
Largest U.K. retailer set to invest $436 million in new chain

8 February 2006
Simon FFO up 22.5 percent in '05
Occupancy, rent and sales will continue to grow in '06, Simon says

8 February 2006
Taubman malls did $508 per square foot in '05
CEO says figure sets a record for regional mall portfolios

6 February 2006
Boscov's buys 10 Federated stores
Stores, located in Northeast, will convert to Boscov's banner

6 February 2006
Sonae Sierra to open center in Brescia, Italy
$167 million Freccia Rossa to emphasize entertainment

6 February 2006
Talbots to buy J.Jill for $517 million
Deal creates 1,283-store boomer woman apparel chain

2 February 2006
U.S. chain sales rose 5.1 percent in January
Specialty apparel saw big gains; luxury department stores moderated

2 February 2006
Regency FFO climbed 20 percent in 2005
Florida REIT to build $735 million worth of centers this year

1 February 2006
Store closings, retail bankruptcies fell last year
Ten chains filed Chapter 11, least since ICSC began tracking data

31 January 2006
U.S. chain store sales fell 1.1 percent last week
January on track for 3.5 percent year-on-year gain, ICSC says

28 January 2006
Sports Authority to go private
Investor group bids $1.3 billion for 398-store chain

24 January 2006
Forest City will add Harrah's casino to Pittsburgh project
Developer announces $1 billion expansion of mixed-use Station Square

24 January 2006
U.S. chain sales up 0.3 percent last week
Late redemptions of gift cards extend holiday season

23 January 2006
CVS, Kimco, Supervalu group to buy Albertsons for $17.4 billion
Deal makes Supervalu No. 2 supermarket chain, after Kroger

19 January 2006
Ivanhoe Cambridge plans super-regional retail-entertainment center
Project would be only second large mall to open in Canada since early 1990s

18 January 2006
Burlington Coat Factory agrees to buyout
Bain Capital to take over 367-unit chain for $2 billion
UPDATED

18 January 2006
Sales down 1.4 percent at U.S. chains last week
Rise in temperatures, gas; drop in consumer confidence to blame

17 January 2006
Mervyn's to close 20 more stores
Department store chain to focus on West and Southwest stores

12 January 2006
Federated to sell Lord & Taylor
Fifty-five store chain was acquired last year along with May Department Stores

11 January 2006
Lane Bryant gets intimate
Plus-size chain testing new lingerie concept

10 January 2006
OfficeMax to close 110 U.S. stores, open 70
Office supply retailer to spend $141 million on closings

10 January 2006
U.S. chain sales rose 0.1 percent last week
Gift card purchases extended holiday shopping season

10 January 2006
Saks Inc. puts 40-store Parisian division up for sale
Management shakeup includes replacement of chief executive

10 January 2006
Toys 'R' Us to shut 75 stores and cut 3,000 jobs
Toy retailer plans to convert 12 stores to Babies 'R' Us format

9 January 2006
Mills to continue work on key projects
Accounting issues won't obstruct Xanadu Meadowlands, 108 North State Street and others

5 January 2006
December chain store sales up 3.2 percent
Consumers held off until end of month for holiday shopping

4 January 2006
Wal-Mart aside, analysts see solid holiday sales
Retailers to release holiday sales figures tomorrow

4 January 2006
Sales dropped 0.8% last week at U.S. chain stores
Year-over-year sales growth decline at 2.9%

3 January 2006
PREIT buys Woodland Mall for $177.4 million
Michigan property has more than 100 tenants, sales per square foot of $374
UPDATED

3 January 2006
Government OKs purchase of Linens 'n Things
Transaction to take Clifton, N.J.–based housewares chain private
UPDATED

30 December 2005
Americans spent more this holiday season, survey says
Price, selection, convenience all moved shoppers to spend

30 December 2005
U.S. consumer confidence highest in four months
Falling gasoline prices, brighter job picture cheer Americans

28 December 2005
Sales grew 2.8% last week at U.S. chain stores
Year-over-year sales growth held steady at 3.9%

22 December 2005
President Bush signs terrorism insurance extension
Act requires insurers to provide terrorism coverage

21 December 2005
Finish Line to call new chain of women's stores Paiva
Athletics apparel retailer says it may launch up to 200 stores for 25-40-year-olds

21 December 2005
NYC transit strike could hit retailers hard, analysts say
Without public transportation, New Yorkers and tourists may shun stores

20 December 2005
Survey: Consumers keep shopping despite harsh weather
More than half of U.S. shoppers say they plan on seasonal purchases

20 December 2005
Week-on-week sales rise 2.4 percent
Retailers get help from last-minute holiday shoppers

14 December 2005
Wal-Mart buys Sonae's Brazilian unit for $757 million
Purchase gives discount giant nearly 300 stores in Brazil
UPDATED

13 December 2005
Week-on-week sales rise 0.9 percent
Only 13 percent of holiday shopping completed so far

13 December 2005
U.K.'s Asda plans new strategy
CEO says supermarket chain is outcompeted by Tesco

8 December 2005
Lane Bryant to buy Casual Corner leases, set to enter outlet sector
Plus-size apparel chain will pay $2.8 million for Casual Corner leases in outlet centers

8 December 2005
House votes to extend federal terror insurance backstop
New bill raises deductible, prods industry toward self-support

6 December 2005
Post–Black Friday shoppers pause, sales fall
ICSC: Weekly sales drop neither 'encouraging' nor 'worrisome'

6 December 2005
Related Cos. to buy gym operator for $505 million
Equinox fitness clubs will anchor new Related projects, developer says

6 December 2005
J. Jill seeking buyer
Liz Claiborne bids $366 million; Jill board holds out for more

6 December 2005
Expect REIT consolidation, executives predict
Big firms to dominate industry, NYC conference attendees told

5 December 2005
Landlords eye Sears' real estate
But retailer is not eager to sell, executives tell New York Conference

5 December 2005
NYC meeting speakers: Supermarkets can coexist with Wal-Mart
Regional chains thrive in shadow of behemoth, New York Conference attendees told

5 December 2005
Sears Holdings bids for remaining shares of Sears Canada
Canadian arm would continue as a retail business following transaction

5 December 2005
U.S. rents to go up, vacancies down in 2006
Tenant demand driving 70 percent of new developments, report says

2 December 2005
Kimco buys Atlantic Realty Trust for $82.5 million
New York City-based Atlantic owns one center

1 December 2005
November chain store sales up 3.5 percent
Retailers boosted holiday sales with aggressive promotions

1 December 2005
AnnTaylor November comps leap 12.9 percent
New merchandising strategy paying off, chief executive says

30 November 2005
Colonial cashes out of six properties in JV deal
Alabama firm to transfer 3.7 million square feet to Australian investors

30 November 2005
Casual Corner Group owner to sell 525 stores
Parent company Retail Brand Alliance wants to focus on growing Brooks Bros.

29 November 2005
Black Friday strong, but weekly sales fall
Sluggish results not a bellwether, ICSC economist says

28 November 2005
Results for Black Friday bode well for 2005 holiday sales
Consumer traffic, sales up compared to 2004, mall executives say

22 November 2005
Survey: Wal-Mart still top holiday-gift destination in U.S.
Discounter to be No. 1 for apparel, home, jewelry, but not electronics, toys

17 November 2005
House, Senate panels approve terror insurance bills
Legislation would extend term of federal support after attack
UPDATED

16 November 2005
Saks to keep Club Libby Lu chain
Retailer posted third-quarter comp growth of 2.7 percent from a year ago

15 November 2005
Warm weather cools sales
Last week's chain store sales down 0.6 percent

14 November 2005
U.K.'s Asda to hire 2,800 more employees
Wal-Mart subsidiary battles to hold onto No.2 spot

9 November 2005
Halloween helped chain stores, boosting sales 1 percent last week
Stores saw strongest performance since April, according to ICSC survey

8 November 2005
Officials obstruct Federated's efforts to sell stores
Nordstrom looks for a NYC site, executives tell Research Conference

8 November 2005
Macerich FFO rises 11 percent in third quarter
Healthy leasing, occupancy, sales help company's bottom line
UPDATED

7 November 2005
Forest City to develop 1 million-square-foot Utah center
Terrace at Traverse Mountain to be modeled after Victoria Gardens

7 November 2005
Correction ahead, economist says at ICSC meeting
Expect residential downturn, speaker tells Research Conference

4 November 2005
House passes private property rights bill
Bill puts limits on federal support for eminent domain

3 November 2005
October chain store sales rise 4.4 percent
Unseasonably warm weather fails to deter shoppers

1 November 2005
Kemper Freeman opens $500 million Lincoln Square, near Seattle
Developer to market 1.4 million-square-foot project as part of 'Bellevue Collection'

1 November 2005
Cold weather lifts chain store sales 0.4 percent
Overall outlook for October comps improves, to 4 percent

31 October 2005
Saks Inc. sells 142 stores to Bon-Ton for $1.19 billion
New owner to keep Carson Pirie Scott, Bergner's, Boston Store, Herberger's, Younkers nameplates alive
UPDATED

27 October 2005
Federated to close six more stores
Total of 82 units set to shut to prevent overlap with May Co. acquisition

26 October 2005
Retail REITs report strong third quarter
FFO and occupancy rise at Kimco and Weingarten
UPDATED

26 October 2005
Wal-Mart to add 60 million square feet in 2006
280 Supercenters to open in U.S., and 230 stores overseas

25 October 2005
Chain stores sales decline but forecast bright
Cold weather predicted to boost clothing sales

25 October 2005
Ivanhoe Cambridge buys into Simon European joint venture
Move gives Canadian developer presence in markets from France to Turkey
UPDATED

20 October 2005
Holiday sales to rise about 3.5 percent
Consumers are expected to brush off gas blues

20 October 2005
Ten years after bombing, U.K.'s Arndale Centre unveils expansion
Three-phase, $265 million redevelopment heralds new era for Manchester

19 October 2005
Inland acquires $442 million portfolio from Newquest Properties
Brings Inland's acquisition total for year to $3.6 billion for 163 properties

19 October 2005
Sun Capital to buy ShopKo for $882 million
ShopKo cites Sun's retails experience in accepting bid

19 October 2005
Year's best marketing campaigns mix commercial, civic messages
MAXI Awards more international than ever, with 21 countries participating

18 October 2005
Look overseas for inspiration, ICSC panelists urge
Fall Conference speakers cite Middle East, Brazil for innovation

18 October 2005
Chain store sales up 0.4 percent last week
Fourth straight week of sales gains, ICSC index shows

18 October 2005
Saks second-quarter filing reveals $42.8 million loss
Internal probe, inventory missteps caused luxury division deficit

17 October 2005
CBL buys three Midwest malls for $516.9 million
2.9 million-square-foot portfolio acquired from group of private investors

17 October 2005
Environmentally friendly technologies can cut CAM, panelists say
Using 'green roofs' and wind turbine energy can reduce bills

14 October 2005
Survey: Time constraints turn more mall browsers into buyers
Department store “conversion rates” hit all-time high, ICSC research shows

14 October 2005
Inland Western buys 25 Mervyns sites for $221.8 million
Transaction includes new long-term leases for the stores, which are open and operating

14 October 2005
Holiday gift card sales to rise, survey says
U.S. consumers plan to spend an average of $248 on cards

13 October 2005
Walmex beats competitors south of border
Armed with strong sales, Wal-Mart's Mexico arm accelerates growth

11 October 2005
Survey: Halloween spending to rise 4 percent this year
Malls rank as the second most-popular destination for trick-or-treaters

11 October 2005
Chain store sales up for third week straight
Cold weather puts consumers in mind for warm clothing

7 October 2005
Big Lots to close about 170 stores by year-end
Rising real estate costs prompt “market specific” strategy, retailer says

6 October 2005
September chain store sales up 4 percent
High gasoline prices boost sales at wholesale clubs

6 October 2005
TJX to shut e-commerce sites down
T.J. Maxx, HomeGoods sites losing $15 million a year, company says

5 October 2005
Wegmans to shut Chase-Pitkin home improvement stores
Food chain's chairman says stores cannot compete against Home Depot, Lowe's

4 October 2005
Chain store sales up for second week in a row
ICSC predicts September same-store sales will rise 3 percent

4 October 2005
Developers Diversified, three partners bid for Shopko
Consortium offers $26.50 per share for troubled supermarket chain
UPDATED

3 October 2005
Boots Group, Alliance Unichem to merge
New company will boast $23 billion in sales, 2,600 stores

30 September 2005
Dubai developer to build 100 malls in India, Pakistan, Middle East
Emaar Properties says $4.1B program aimed to redress regions' deficit of retail

30 September 2005
Gas prices, cold weather may chill holiday sales
Sales to rise between 6 percent and 7 percent, Ernst & Young report says

29 September 2005
Cushman & Wakefield buys Canadian brokerage
Royal LePage Commercial Brascan will now be called Wakefield LePage
UPDATED

29 September 2005
Glimcher selling off last of its open-air centers
Columbus, Ohio–based firm to funnel profits back into malls

28 September 2005
AAH to buy Party City for $360 million
Buyer plans to make biggest U.S. party-store chain bigger

28 September 2005
Finish Line announces new concept
Mall-based athletic apparel stores to target affluent women

27 September 2005
Weekly chain store sales up
Increase is first in eight weeks, ICSC survey shows

26 September 2005
Retailers, landlords reopening after Hurricane Rita
Early reports say less property loss than from Katrina
UPDATED

23 September 2005
Linens 'n Things up for sale
Home décor chain reports disappointing back-to-school season
UPDATED

22 September 2005
Whole Foods to open first “lifestyle” store
California prototype will sell clothes, housewares, but no food

21 September 2005
Taubman takes on retail portion of $5B Las Vegas project
REIT will partner with MGM Mirage to develop 500,000 square feet of new retail on the Strip

20 September 2005
Marshall Field's to become Macy's
Federated will convert all 62 stores by fall 2006
UPDATED

20 September 2005
Chain store sales fell 2.1 percent last week, ICSC survey says
Decline in consumer confidence spurs largest drop since 2003

20 September 2005
Wal-Mart buys into Central America's largest retailer
CARHCO operates 363 supermarkets in Guatemala, Honduras, Nicaragua and Costa Rica

19 September 2005
San Antonio's 1.3 million-square-foot The Shops at La Cantera debuts
About 300,000 shoppers attend opening weekend at open-air center

16 September 2005
Katrina will not trip up U.S. economy, lenders say
Capital liquidity to keep flowing, say speakers at ICSC Capital Markets Conference in NYC

16 September 2005
Redevelopment: An ideal use of capital, ICSC meeting speakers say
Low cap rates make trophy centers less profitable, Capital Markets Conference told

15 September 2005
Taubman opens $175 million Northlake Mall in Charlotte, N.C.
Enclosed mall is one of just two such centers opening in the U.S. this year

14 September 2005
Outside retailers flocking to Canada, ICSC meeting told
Strong economy lures them, but problems may lie ahead, speakers say

14 September 2005
Industry marks 45 years of REITs
Retail execs. to ring New York Stock Exchange bell

13 September 2005
RioCan plots major development push
Five properties to open in Canada by 2007

13 September 2005
Gas prices hit weekly sales, ICSC index shows
But monthly figures expected to rise as much as 3.5 percent

13 September 2005
At least 13 malls closed indefinitely by Katrina
Some malls still under water, retailers and developers report

9 September 2005
Wal-Mart plans aggressive holiday price cuts
CEO vows retailer will be no “also-ran” in 2005 holiday shopping season

9 September 2005
Sears Holdings reshuffles management after second-quarter sales drop
Lewis named new CEO, former chief Lacy now a vice chairman; Chairman Lampert takes over marketing, merchandising

7 September 2005
Hurricane Katrina slowed sales last week
Gas prices likely to continue to hold back consumer spending

6 September 2005
As Gulf States dry out, industry keeps up Katrina relief efforts
Storm to have limited impact on public REITs, analysts say

6 September 2005
Albertsons puts itself up for sale
Supermarket chain says it is mulling “strategic alternatives” for 2,500-store empire

2 September 2005
ICSC launches Hurricane Katrina aid program
Association to work with FEMA seeking empty retail space to house refugees

1 September 2005
Industry carries out Hurricane Katrina relief efforts
Too early to assess property damage, landlords say
UPDATED

31 August 2005
August chain store sales up 3.6 percent
Wholesale clubs, luxury merchants post highest gains

31 August 2005
Zale to shut 35 Bailey Banks & Biddle stores
Dallas-based jeweler wants to redistribute space to more-upscale markets

29 August 2005
Wet Seal: 2Q comps up 55.9 percent
Company posts $11.7M loss from payment to turnaround expert

29 August 2005
P.F. Chang's unveils new Japanese concept
First Taneko Tavern will open in Scottsdale, Az., next year

26 August 2005
Dave & Buster's to kill Jillian's brand
Dining-entertainment concept's Mall of America unit to close, remaining units to convert to Dave & Buster's

25 August 2005
Dollar Tree: Gas prices hurt second-quarter profits
Discount chain tries new mix to bring in more customers, more often

23 August 2005
Gap Inc. launches Forth & Towne concept
Chicago, New York stores first for new boomer-woman apparel chain

23 August 2005
Record gas prices erode retail sales
But spending still up 4 percent over last year

19 August 2005
Kohl's unveils bold new expansion strategy
500 new stores in next five years

18 August 2005
J. Crew files for IPO
Rebounding clothing retailer plans to open about 30 stores a year

16 August 2005
High gas prices worry Wal-Mart
Operating results and consumer base affected, CEO says

16 August 2005
High gas prices contributed to slower sales last week
Chain store sales down 0.2 percent, survey says

15 August 2005
Developers target downtown Florida suburbs
Some 300,000 newcomers arriving annually, ICSC conference told

15 August 2005
Pacific Sunwear to launch new footwear chain
One Thousand Steps will appear in malls in 2006

10 August 2005
Equity One pulls bid for Cedar Shopping Centers
Cedar failed to respond to $379 million offer for the 58-center firm

9 August 2005
Heat beat sales last week
But outlook for month looks good, ICSC survey says

9 August 2005
Developers Diversified, Macquarie DDR to buy 36 Mervyns units
Sale-leaseback deal bears $396.2 million price and 7.7 percent cap rate

5 August 2005
Equity One bids $379 million for Cedar
Port Washington, N.Y.–based REIT could reject $17-per-share offer, analyst says

4 August 2005
July chain store sales up 3.6 percent
Luxury, wholesale clubs, drugstores post strongest gains

1 August 2005
Simon FFO up 30.1 percent for Q2
Strong rent increases, only minor fallout from Federated closings

1 August 2005
Elbit to sell Central European centers for $518M
French company Kle'pierre group to buy in two stages

28 July 2005
Extend terror insurance support, execs implore Congress
Real estate projects will lose coverage if government dilutes or drops TRIA, they warn

28 July 2005
ICSC's founding leader Leonard Farber, CSM, dies
Pioneer developer played critical role in organization's launch

28 July 2005
Federated to unload 68 stores in 66 malls next year
Post-merger plans include converting all May stores to the Macy's banner

27 July 2005
Macquarie to buy nine China centers for $93 million
Australian bank says it may transfer properties into a fund

27 July 2005
Tanger's second quarter marked by rent increases
N.C.-based outlet firm's FFO nearly flat from a year ago

25 July 2005
Simon teams with Wal-Mart to take on China
U.S. firm to join Morgan Stanley, Chinese builder on Wal-Mart-anchored centers in China

22 July 2005
Taubman's FFO, sales, occupancy up in second quarter
This is “best leasing environment we've seen in years,” Taubman says

21 July 2005
Nordstrom to enter Waterside Shops at Pelican Bay
New store part of $25 million redevelopment of Naples, Fla., regional center

20 July 2005
CBL cashes out of Galileo venture, New Plan Excel antes in
Nearly $1 billion deal will boost Galileo's portfolio to 16.7 million square feet

20 July 2005
Metro buys A&P’s Canadian stores for $1.46B
Acquisition pushes Metro to No. 2 spot in Ontario and Québéc

19 July 2005
Report: Stores that discount will reap back-to-school sales
Wal-Mart, J.C. Penney, Sears and Old Navy parents' top choices

18 July 2005
CBL buys Mall of Acadiana for $175M
Louisiana shopping center may get expansion

14 July 2005
Galleria at Pittsburgh Mills attracts 50,000 visitors on opening day
Tarentum, Pa., project offers department stores, leisure activities, power center
UPDATED

14 July 2005
REITs bemoan competition from nonprofessional investors
But these 'Who dat?' buyers will come unstuck, pros predict

14 July 2005
Gambling, retail — a good mix, says former Vegas mayor
Only 40 percent of Vegas revenue comes from gaming, she says

13 July 2005
May, Federated shareholders approve $11 billion merger
If FTC gives nod, transaction would create $30 billion department store giant
UPDATED

12 July 2005
Suicide bomber kills two at mall in Israel
Netanya shopping center was scene of earlier bombing

12 July 2005
Chain store sales up 0.1 percent last week
Impending hurricane sent shoppers in the Southeast to stores

11 July 2005
India tops Kearney list of emerging markets for retailers
Report applauds government's decision to allow foreign investment

7 July 2005
June retail sales rise 5.3 percent on warm weather
Signs point to strong sales for remainder of year, reports ICSC's Niemira

6 July 2005
Fourth of July holiday spurs U.S. chain store sales
Sales rose 0.5 percent last week on consumer confidence, summer weather

5 July 2005
Winn-Dixie receives bids for 79 stores
Buyers, including Supervalu, offer total of $38.7 million
UPDATED

1 July 2005
Trade groups resist Treasury move to end or limit TRIA
Congress could call hearings in mid-July, ICSC official says

30 June 2005
U.K. shopping centers trading at record pace this year
Property sales on track to beat last year's £6.5 billion worth of acquisitions

29 June 2005
Home Depot to add gas stations, convenience stores
Other retailers likely to follow suit, retail analyst says

27 June 2005
Burlington Coat Factory weighs going on market
N.J.-based company seeks “strategic alternatives to enhance shareholder value”

24 June 2005
Taubman Asia focusing on China, Japan, S. Korea
Company studying about 12 shopping center opportunities

24 June 2005
Supreme Court upholds eminent domain
Confirms government's right to take private property for public benefit

23 June 2005
Groups lobby to extend federal terror insurance coverage
Insurers still not equipped to provide adequate protection, report says

21 June 2005
Winn-Dixie to shut 326 stores
Supermarket chain will pull out of all but 23 markets

21 June 2005
AMC Entertainment, Loews Cineplex to merge
Deal, to close within nine months, will create 450-unit cinema chain

21 June 2005
June sales keep sizzling
ICSC boosts monthly sales-growth expectations to 4.5 percent

17 June 2005
Chesapeake Health Park to offer medical 'one stop' shopping
Maryland project among first U.S. shopping centers with solely health tenants

15 June 2005
Mills, Ivanhoe Cambridge to build up to three new Canadian malls
Ten-year plan targets Calgary, Montréal, Vancouver

15 June 2005
India to have 250 shopping centers by 2010
Sharply growing middle class driving retail demand

15 June 2005
California court: Borders must pay taxes for online sales
Ruling heartens other states seeking to boost tax revenues

14 June 2005
As thermometer rises, so do sales
Last week's hot weather lifted sales 0.6 percent

10 June 2005
Kimco buys $85.3 million of net-leased Va. retail properties
New Hyde Park, N.Y.–based firm also plans two new centers in Mexico

9 June 2005
Real estate prices to keep climbing, heavyweights say
Vornado says low cap rates here to stay; Simon outlines new priorities

8 June 2005
What sluggish economy? asks small-town retailer
Stage Stores chief says small markets show strong spending

7 June 2005
Urban Outfitters plans 30–32 new stores this year
Surging sales driving growth, CFO Kyees says

7 June 2005
Brown Shoe to close 80 Naturalizer stores
St. Louis–based retailer to focus on high-fashion mall, outlet stores

6 June 2005
Westfield to pay $143 million for Sunrise Mall
New York acquisition brings company's East Coast complement to six

6 June 2005
Lowe’s has up to 100 Canadian stores in the works
Ten Toronto stores to open by 2007, home improvement chain says

3 June 2005
Wal-Mart set to open first 'green' store
Texas Supercenter will use wind turbines

3 June 2005
Gap ditching 'sterile' old store design
Denver stores will serve as new prototype, CEO says

2 June 2005
May retail sales up 2.9 percent, beating cold weather
Neiman-Marcus, Walgreens among top sales gainers for the month

1 June 2005
Cool weather blamed for last week's 1 percent sales decline
But May sales expected to rise by about 3 percent, ICSC survey says

24 May 2005
2005 ICSC Hot Retailer Awards announced
Winners picked following mall executive survey

24 May 2005
2005 Spring Convention hits record
More than 40,000 registered, Leasing Mall packed

24 May 2005
New owners plan to expand Urban Retail
Deal involving management of new cinema chain in works

24 May 2005
Simon Property Group opens Hong Kong office
Mall giant seeks opportunities in east, southeast Asia

23 May 2005
Ever-changing Vegas greets Spring Convention delegates
Seven major retail projects under way to serve local residents

23 May 2005
Consolidation leaves mark on industry
Spring Convention Leasing Mall better attended, busier than ever

22 May 2005
2005 ICSC Spring Convention opens
Expected record attendance includes delegates from about 50 countries

20 May 2005
Urban Retail goes independent
Third-party management firm buys out owners GGP, Simon and Westfield

20 May 2005
General Growth kicks off program to promote some centers to tourists
“America’s Premier Shopping Places” will involve about 40 properties

20 May 2005
COUNTDOWN TO SPRING CONVENTION 2005: BOOTH PARTNERS
Jones Lang LaSalle teams up with Cotton Inc.

19 May 2005
COUNTDOWN TO SPRING CONVENTION 2005: MAYOR BURCH
Riverside, Mo., mayor seeks retail investment for her small town

18 May 2005
Target set to open 600 new stores over next five years
No immediate plans for overseas expansion, discount chain says

18 May 2005
Home Depot seeking buyers for 15 Expo sites
Home improvement giant wants to close unprofitable stores in nine states

18 May 2005
COUNTDOWN TO SPRING CONVENTION 2005: L.A. MIXED-USE
Related Urban plans 2 million-square-foot mixed-use project in Los Angeles

16 May 2005
Tiffany's sales down in Japan
Gem retailer posts fifth-straight quarterly sales decline there

12 May 2005
Mills gets approval for Chicago's 108 North State Street
Project to bring lifestyle center to urban high-rise complex

11 May 2005
Federated reports sales growth, May posts loss
As merger looms, chains' sales reflect strength of private-label merchandise

10 May 2005
Chelsea opens Seattle Premium Outlets
New outlet center on Tulalip Indian reservation is largest in state

9 May 2005
Sears may prune gardening stores
Eighty-two-store California chain could be sold or spun off

5 May 2005
April retail sales, up 2.2 percent, beat expectations
Luxury stores, wholesale clubs remain strongest sectors

4 May 2005
Feldman buys Northgate Mall for $110 million
Acquisition marks latest major transaction in active metro Cincinnati market

3 May 2005
Simon looking at mixed-use potential of all its properties
More than 15 Simon retail properties due to get residential space

3 May 2005
Merchant building boosts bottom line at DDR
CEO attributes 28 percent first-quarter FFO boost to DDR-Macquarie venture

2 May 2005
Saks Inc. sells McRae's, Proffitt's to Belk for $622 million
Retailer will hold onto higher-end Saks Fifth Avenue, Parisian operations

2 May 2005
Neiman Marcus to be sold for $5.1 billion
Texas Pacific, Warburg Pincus to buy department stores

29 April 2005
Steve Wynn opens luxury retail project on Vegas Strip
Wynn Resort first new casino resort in Las Vegas in five years

29 April 2005
Wal-Mart outlines rapid growth
Discount behemoth fears no cannibalization, according to CFO

29 April 2005
Travel agencies increasingly say “Bon Voyage” to shopping centers
Competition from Internet slashes number of agents by almost half

28 April 2005
Jacobs Group, CBL team on $150 million Florida center
At 1.7 million square feet, Gulf Coast Town Center to be southwest Florida's largest

22 April 2005
Retail projects thrive in developing world, say speakers at ICSC world meeting
Rising middle class, economic growth beckon in East, say speakers at Retail Real Estate World Summit

22 April 2005
Wal-Mart CEO: We spread “democracy of merchandise” worldwide
Scott tells Retail Real Estate World Summit in Istanbul about retailer's impact on shoppers, workers

21 April 2005
Gap to roll out chain for women 35 and over
Four Forth & Towne stores to open in Chicago, one in NYC this fall

21 April 2005
J.C. Penney to open 20 stores this year
Plano, Texas, chain to spend $200 million to upgrade existing units

21 April 2005
Bankruptcy reform bill becomes law
Sections of the law a benefit to the real estate industry

20 April 2005
Chelsea forms South Korean joint venture
REIT subsidiary partners with local company to develop outlet centers

20 April 2005
ICSC 2005 World Summit kicks off today
About 1,000 shopping center executives from some 60 countries gather in Istanbul

18 April 2005
GameStop to buy Electronics Boutique for $1.44B
Combined company to operate 3,800 stores

15 April 2005
Singapore group buys Brookstone for $435 million
Brookstone CEO says deal will expand brand globally

14 April 2005
Polo flagship store sells for $80M
Deal values Manhattan's landmark Rhinelander Mansion in excess of $2,700 per square foot

14 April 2005
Barneys to open Boston flagship
Copley Place store set to open next year

11 April 2005
Taubman launches Asian division
Former Morgan Stanley exec will head Hong Kong-based operation

8 April 2005
ShopKo Stores sold for $1B
Private equity firm acquires 360-store discount chain

7 April 2005
March retail sales up 4.1 percent
Drugstores saw month's biggest gains, ICSC survey finds

7 April 2005
LVMH sues NYC landlord, alleging he knew of counterfeits
French luxury goods maker combing stores, malls for knockoffs

7 April 2005
Dolphin Mall hooks shoppers and a Bass
Miami mall sees foot traffic increase, signs Bass Pro Shops

5 April 2005
Developers eager to have Jos. A. Bank
Landlords will pay for 40 percent of chain's new 2005 stores, executives say

5 April 2005
Gas hikes have not changed most shoppers' habits
ICSC survey: Fuel prices hit downtown retail districts more than other formats

31 March 2005
Billionaire Burkle shopping for groceries again
Investor puts $20 million into Wild Oats, $150 million into Pathmark Stores

31 March 2005
Taubman and May form joint venture to fill empty anchor
Retailer, landlord will work together to replace Lord & Taylor at Dallas mall

30 March 2005
Former JCPenney CEO to head Mervyn's
Castagna will stress fashionable merchandise, analyst predicts

25 March 2005
Blockbuster drops bid for Hollywood Entertainment
Decision opens way for $1.2 billion acquisition by Movie Gallery

23 March 2005
Nordstrom joining Denver's Cherry Creek mall
May sells closed Lord & Taylor anchor store back to Taubman
UPDATED

23 March 2005
Ultimate Electronics to close 30 stores
Sales woes prompt retailer to trim down

21 March 2005
Meadowlands Xanadu breaks ground
4.8 million-square-foot project gets environmental approval

18 March 2005
New Toys 'R' Us owner will close some stores, analyst predicts
NYC consultant says landlords should have no trouble re-leasing vacant units

18 March 2005
Galeries Lafayette considering a bid for Neiman-Marcus
French department store chain is examining Dallas-based retailer's financials

17 March 2005
Toys 'R' Us to sell for $6.6 billion
Buyer group headed by Kohlberg Kravis Roberts includes Vornado

16 March 2005
Neiman Marcus may go on block
Luxury retailer says it is exploring “strategic alternatives”

16 March 2005
Bids for Toys 'R' Us reach $5.5 billion
Two investment groups compete for second-largest U.S. toy chain

10 March 2005
400 Kmarts will become Sears stores
Three-year conversion cycle will begin after merger, Kmart says

10 March 2005
Report: Raleigh is No. 1 buyer's market
High cap rates, income growth make market a winning investment, brokers say

9 March 2005
CBL & Associates, MGHerring open Imperial Valley
Enclosed mall offers 100 specialty stores just north of Mexico

8 March 2005
Circuit City rejects $3.25B takeover offer
Richmond, Va.–based retailer will rebuy shares rather than sell to hedge fund

7 March 2005
Saks Inc. psyched about Federated-May merger
Department store group will have 18–24 months of competitive advantage, CEO says

3 March 2005
Gump's to expand after its sale for $8.5 million
San Francisco icon to open stores elsewhere when deal closes this month

3 March 2005
February comps grew 4.9 percent
Improving job market drove gains, ICSC survey says

3 March 2005
Specialty leasing needs boost, meeting speakers say
This year's ICSC leasing conference seeks to encourage kiosk innovation

2 March 2005
American Eagle flew high in 2004
Teen-apparel chain's comps up 21 percent for year, 29 percent for 4Q

28 February 2005
Federated agrees to buy May
$17 billion deal creates 950-store giant

25 February 2005
Gap comps flat in 2004
2005 portfolio to shift to more Old Navy, fewer Gap

24 February 2005
Simon to sell outside billboard ads at malls
Initiative is latest step to beef up properties' ad potential

24 February 2005
Zumiez to go public
Action sports retailer seeks $57.5M to fund growth

22 February 2005
Winn-Dixie files for Chapter 11
Jacksonville, Fla., grocery chain says it will keep all 920 stores open

18 February 2005
Forever 21 to keep Gadzooks name after acquisition
But as many as 93 of bankrupt chain's stores could close, executive says

17 February 2005
Lifestyle centers morphing to malls, meeting speakers say
As lifestyle projects grow, gain department stores, distinctions blur

17 February 2005
Landlords KO improvement allowances for troubled tenants
Video rental, athletic shoe, toy sectors will pay top dollar to lease space

17 February 2005
Gadzooks sells stores to Forever 21 for $33 million
Deal covering bankrupt retailer's 243 stores goes before court Feb. 23

17 February 2005
Westfield pays $662M for stakes in three Australia centers
Assets of world's biggest retail developer now $31B in four countries

16 February 2005
Friedman's Jewelers to close 165 stores
Move would leave bankrupt chain with 481 stores in 20 states

15 February 2005
Investment firm Highfields offers $3.25B for Circuit City
Unsolicited bid would take struggling No. 2 electronics chain private

15 February 2005
Regency, Macquarie in $2.74B portfolio deal
Joint venture buying 101 centers from First Washington Realty

14 February 2005
Muss plans $600M mixed-use project for NYC
Queens brownfield redevelopment to include 725,000 square feet of retail

11 February 2005
ICSC taps Charles Grossman to be next chairman
Managing director at ING Clarion nominated for 2005-2006 term

11 February 2005
Macerich mulls sale of some Wilmorite assets
$2.3 billion deal does not close till April, but REIT already getting offers

10 February 2005
Simon FFO up 12.1 percent in 2004
Company says it will spend more than $500M on development this year

10 February 2005
May same-store sales down 2.4 percent in 2004
Chain pins growth hopes on younger shoppers, open-air center stores

9 February 2005
Taubman to offer tenants CAM choice
Fixed or traditional varying charges — you choose, firm says

9 February 2005
Kimco bullish on Mexico
N.Y.-based REIT says retail development, acquisitions about to explode there

8 February 2005
Sears announces new concept
25 Essentials stores coming to open-air centers this spring

8 February 2005
2004 record year for commercial mortgages
Retail real estate loans up 20 percent, MBA conference told

8 February 2005
Cedar to pay $90 million for drugstore-anchored centers
Seller is unnamed, “substantial” Ohio-based developer, CEO says

4 February 2005
Blockbuster launches hostile bid for Hollywood
Offer is 9.4% higher than rival bidder Movie Gallery's

3 February 2005
January same-store sales climbed 3.6 percent
Luxury stores, drugstores saw biggest gains, ICSC survey says

3 February 2005
CBL says 2004 FFO grew 14.3%
Tennessee-based REIT acquired eight malls for $1 billion last year

2 February 2005
Target, Neiman Marcus to anchor Westfield Topanga mall
Luxury-discount anchor combo is “first in the world,” company says

2 February 2005
Mills buys two Midwest malls for $452 million
Deal includes first enclosed mall in U.S.

31 January 2005
Taubman, Gordon Group form joint venture
Developers will build casino-, entertainment-related retail

28 January 2005
Build-A-Bear to open stores in France, Taiwan
Thirty U.S. units, 15 to 20 international planned for this year

28 January 2005
GGP to build 1.3 million-sf project near Charlotte, N.C.
Retail-entertainment center will emulate Durham's Streets at Southpoint

27 January 2005
Sears' future holds more open-air center units, CEO says
Freestanding stores a bright spot in weak 4Q, Lacy tells investors

27 January 2005
Florida a hot state for department store sales
Miami metroplex 2004 department store sales jumped 10.3 percent, ICSC survey says

26 January 2005
New York's Plaza Hotel to go mixed-use, with retail space
Rents for its new shops will be higher than average for area, broker says

25 January 2005
Gordon Group plans $347M, 320-acre project in Québec
Development to include five department store anchors, leisure attractions

25 January 2005
Colonial Properties nearer to goal as open-air company
Birmingham, Ala., REIT says six regional malls to sell by 2Q

25 January 2005
Canadian Indian tribe, local developers team up to build mixed-format center
Land squeeze makes tribe-owned sites hot properties for shopping center development

25 January 2005
Canada retail to be steady in '05, ICSC chairman tells Whistler Conference
Consumers support economy, which could grow 3 percent this year

24 January 2005
Gadzooks CEO: We're not for sale yet
Bankrupt chain still seeking to re-organize, not liquidate, chief says

21 January 2005
Bebe's boom: Fiscal 2Q comps rise 27.3 percent
California apparel chain to open new stores this year and next

20 January 2005
Report: Federated-May merger talks on again
Only 20 percent of two retailers' stores overlap, analyst says

20 January 2005
Web sites drive in-store sales, survey says
Of respondents, 71 percent browse online, then purchase in stores

20 January 2005
Rainforest founder back with dinosaur roar
New T-Rex restaurant concept to open at Mall of America this fall

19 January 2005
Was 2004 big year for retailer M&A activity?
Depends how you look at it, SCT survey finds; sure, there was Kmart-Sears, but …

19 January 2005
Customer service No. 1 concern for '05, retailers say
Survey: Chains will stop cutting costs, start improving in-store experience

19 January 2005
Krispy Kreme replaces CEO with turnaround expert
New chief to guide donut chain through restructuring

18 January 2005
Friedman's files for Chapter 11
Lenders reduce funding after jeweler's disappointing December sales

14 January 2005
Westfield beefs up Midwest presence
$108 million Chicago Ridge buy only the beginning, analyst predicts

14 January 2005
JCPenney to take on Kmart, Sears, Target in '05
Mall-based stores will remain focus, new CEO says

12 January 2005
Ultimate Electronics files for Chapter 11 protection
Hollywood Entertainment founder Mark Wattles to lead restructuring efforts

12 January 2005
Lack of TV ads behind Pier 1 holiday sales drop
Newspaper ads not enough to drive traffic, home furnishings chain says

11 January 2005
Men's Wearhouse wants to wash suits too
Apparel seller will open retail dry-cleaning stores

10 January 2005
Movie Gallery to buy Hollywood Entertainment for $1.2 billion
Merged company to become No. 2 North American video chain, with 4,500 stores

6 January 2005
December 2004 sales a mixed bag
Overall, industry posted 2.7 percent increase in same-store sales, ICSC survey says

5 January 2005
Survey: Retail, multifamily, most popular properties with foreign investors
Due to difficulty of finding attractive acquisitions, respondents say they'll allocate less money to U.S. in 2005

5 January 2005
Ramco-Gershenson joins ING Clarion joint venture
REIT will contribute $54 million, nine centers to $450 million fund

5 January 2005
Feldman Mall Properties buys Chicago center for $93.1 million
New REIT starts building its portfolio after $128.4 million IPO

4 January 2005
May almost rid of surplus Lord & Taylor stores
25 down, 7 to go, with many redundant units sold to landlords.

4 January 2005
Shoppers cashing in gift cards quickly
Survey shows 57 percent will redeem by Jan. 21

3 January 2005
Wal-Mart had merrier holiday than expected
Late shoppers helped drive 3 percent same-store sales growth in December

29 December 2004
Westfield lands $4 billion loan
Global syndicate backs conglomerate's development plan

29 December 2004
Wet Seal to close 150 stores
Landlords welcome opportunity to re-lease space to productive tenants, analysts say

28 December 2004
Lightstone ends busy year with two more acquisitions
Real estate investment company completed deals worth nearly $1 billion in 2004

23 December 2004
Ahold sells Bi-Lo, Bruno's chains for $660 million
Lone Star Fund buys 450 supermarkets from Dutch conglomerate

23 December 2004
Macerich to buy Wilmorite for $2.3 billion
Deal beefs up California REIT's East Coast clout

22 December 2004
Mills, Ivanhoe Cambridge to buy Scotland's largest retail center for $524.2 million
St. Enoch offers substantial upside potential, partners say

20 December 2004
World's largest REIT IPO delayed
Lone public-housing tenant grounds deal with lawsuit

20 December 2004
Mills sells stake in Del Amo Fashion Center
JPMorgan Fleming paying $244.5 million for 50 percent share

20 December 2004
Australian-U.S. joint venture to acquire Kramont
Centro Watt paying $610 million for 12.6 million-square-foot portfolio

17 December 2004
World's largest REIT IPO ready to launch in Hong Kong
Link REIT seeks to invest as much as $4 billion in 180 shopping centers

16 December 2004
Best Buy says 'consumer-centric' stores a hit
Sales at electronics chain's 67 stores targeting specific consumers outpaced regular units

16 December 2004
Feldman launches $124.8 million IPO
Phoenix REIT will use proceeds to buy, reposition malls

15 December 2004
Inland, NYSTRS advance on $400 million joint venture
Five-center, $56 million deal Inland's first step toward $100 million investment

14 December 2004
Illinois forces retailers to pay taxes on state Web sales
State collects $2.4 million from Office Depot, Target, Wal-Mart

10 December 2004
Athlete's Foot files for Chapter 11
Corporate stores will be liquidated, franchise units will remain

10 December 2004
“Signature statement” crucial for new retail projects
Man-made lake proved vital leasing tool, GGP exec tells CenterBuild Conference

9 December 2004
Restaurants vital to lifestyle centers
Sit-down, fast-casual chains pull in traffic, ICSC's CenterBuild conference hears

9 December 2004
Lifestyle centers weatherproof after all, ICSC CenterBuild speakers say
Winter sales keep up with those of enclosed malls, execs report

8 December 2004
Ramco-Gershenson to buy Michigan malls
Joint venture possible to help fund deal, firm says

7 December 2004
Executives upbeat on 2005
Slow holiday start doesn't dampen spirits at ICSC NY show

7 December 2004
Stadiums to give NYC big boost, speakers say
Sport venues will spawn convention, retail construction, NY Conference hears

6 December 2004
Big-box competition to heat up, analyst says
Comebacks of Sears, Kmart, Penney crowd the field, ICSC NY Conference told

6 December 2004
New Supercenters to suit local tastes, Wal-Mart exec says
Units in Hawaii, NY, Texas will play against type, ICSC NY Conference told

2 December 2004
Minneapolis' Rosedale Center could go hybrid
Jones Lang LaSalle mulls converting empty Mervyn's into lifestyle center

2 December 2004
November sales lower than projected
Luxury sales lead other sectors in ICSC report

2 December 2004
PREIT buys Orlando mall from Colonial
$123.5 million deal gives PREIT its first Florida mall

2 December 2004
Mall owners see Sears-Kmart merger as opportunity
Excess Sears space could be put to better use, landlords say

1 December 2004
Retail REITs to perform solidly in 2005, analysts say
Expect more joint ventures, too, predicts Morgan Stanley

1 December 2004
Westfield plans to expand Shoppingtown Topanga
Addition of Neiman Marcus included in $300 million project

29 November 2004
Luxury drives Black Friday
General Growth, Taubman report stellar weekend

29 November 2004
Continental Real Estate forms joint venture with RREEF
Deal includes transfer of $250 million worth of retail centers

22 November 2004
Simon challenges states over gift-card rules
States take issue with expiration dates, reactivation fees

22 November 2004
Malls still attract strongest tenants, ICSC report says
Rents, occupancy, tenant profits all rising at regional malls

22 November 2004
CBL buys two malls for $249.4 million
Middle-market properties show significant turnaround potential, REIT says

19 November 2004
Mills chosen to develop important Rome site
After Madrid Xanadú, company plots larger Spanish and Italian presence, considers Scotland

19 November 2004
Four REITs join forces to sell ads in malls
Following Simon's cue, landlords set out to establish standard media metric

19 November 2004
Macerich opens expanded Queens Center today
$275 million redevelopment brings New York City mall to 1 million square feet

18 November 2004
Recapitalized Fortunoff mulls national expansion
$100 million equity infusion could lead to IPO, mall anchor spots, analysts say

17 November 2004
Kmart to buy Sears for $11 billion
Several hundred Kmart stores will convert to Sears Grand name
UPDATED

16 November 2004
General Growth–Rouse merger complete
No. 2 retail REIT now controls 200 million square feet of retail space

12 November 2004
Gas prices won't spoil Christmas season, survey says
U.S. consumers to spend $703 each on shopping this year

11 November 2004
Blockbuster proposes Hollywood Entertainment buyout
$1 billion offer on the table for 2,520-store chain

10 November 2004
DDR enters $204 million JV
Deal with Kuwaiti Financial Centre-Markaz includes 13 DDR grocery-anchored centers

10 November 2004
Rouse shareholders approve GGP merger
Largest REIT deal in history now sealed

9 November 2004
Taubman in talks over $20 billion South Korean project
Michigan-based REIT makes its first international play

5 November 2004
Vornado buys stake in Sears
NYC REIT could force retailer to divest its real estate, analysts say

4 November 2004
October sales buck recent soft trend
Specialty apparel, luxury retailers post strongest comp gains

3 November 2004
Inland pays $57 million for Southeast properties
Company aiming for $3 billion acquisition target for 2004

3 November 2004
Developers Diversified to buy $1.15 billion Puerto Rican portfolio
REIT will purchase 5 million square feet from Caribbean Property Group.

29 October 2004
NYC's Fifth Avenue boasts world's highest retail rents
Globe's priciest streets growing pricier yet for retailers

28 October 2004
Macerich launches luxury shopping center division
Luminati to encourage upscale retailers to expand in West

28 October 2004
$285 million Victoria Gardens opens today in California
At 1.3 million square feet, mixed-use project gives Rancho Cucamonga a downtown

27 October 2004
Thanks to retail, Weingarten posts solid 3Q growth
But REIT ups disposition goal to $60 million

26 October 2004
KB Toys may close as many as 238 more stores
Chain hopes to emerge from Chapter 11 early next year

26 October 2004
General Growth 4Q FFO up 15.8 percent
Chicago REIT's same-store sales and rental rates grow too

25 October 2004
Colonial Properties to buy apartment REIT for $1.5 billion
Purchase of Cornerstone Realty would shrink Colonial's retail NOI to 29 percent

25 October 2004
President signs tax and tariffs bill
New law will provide landlords with short-term leasehold depreciation relief

21 October 2004
Shopping center vacancies down, rents up, survey says
Construction slowdown helped stabilize fundamentals in third quarter

20 October 2004
Children's Place to acquire Disney retail chain
New owner says it will invest $100 million remodeling 313 stores

19 October 2004
Big-ticket deals abound in the West
$100-million-dollar malls sell to CBL, LaSalle, Passco and LCP Realty

19 October 2004
New fund to finance Hispanic-friendly retail centers
Texas developer rounds up institutional investors for projects in dense Latino markets

18 October 2004
Chicago OKs Mills Purchase of Block 27
Clears way for $336 million retail entertainment project

15 October 2004
Congress approves REIT-friendly legislation, bill heads to White House
Corporate tax and tariffs act also includes long sought-after leasehold depreciation reform

13 October 2004
Entrepreneur puts fresh spin on the department store
Called Lift, new concept will roll out in downtown Dallas in 2006

13 October 2004
DDR puts 12 properties into Pru joint venture
Deal will reduce REIT's exposure to grocery anchors

11 October 2004
Retail REIT growth solid
Mall REIT FFO growth for 3Q to outperform other sectors, analysts say

8 October 2004
September comp-store sales continue soft trend
Weak school season, weather to blame, ICSC economist says, but October could be stronger

7 October 2004
Economy strong but needs watching, ICSC Western Conference speakers say
Interest rates, jobs, consumer spending mark upside, while oil, globalization, terrorism could spoil things
UPDATED

7 October 2004
Mich. Governor signs anti-takeover bill
Law hampers Simon-Westfield bid for Taubman

5 October 2004
Mills' Meadowlands Xanadu 48 percent leased
New Jersey project's developer announces 23 tenants, signs $160 million land lease

5 October 2004
Wal-Mart to grow square footage by 8 percent in 2005
Discounter continues aggressive expansion strategy

4 October 2004
Saks to shut 11 stores
Analysts praise move as critical step to recovery

30 September 2004
Westfield makes $1 billion bid for London retail developer
Duelguide, parent of Chelsfield, involved in large-scale planned urban projects

30 September 2004
Mexico an opportunity for U.S. investors, but also a risk
Real estate pros explore options at ICSC Mexico and Central America Business Forum

29 September 2004
Internet sales tax legislation could pass in 2005
Streamlined Sales Tax Project is gathering momentum in Washington, ICSC Chairman says

29 September 2004
Christopher & Banks buys Acorn
Women's apparel chain rounds out its boomer appeal with upscale acquisition

28 September 2004
Multiple messages required, marketers told
Marketing must be targeted to five key demographic groups, speakers at ICSC Fall Conference say

23 September 2004
Albertson’s buys into gourmet sector
Purchase of Bristol Farms chain could help grocer compete with Wal-Mart

23 September 2004
Colonial Properties Trust to sell six shopping centers
REIT wants to lower exposure to retail real estate

23 September 2004
Retail growth set to continue, says ICSC CEO
More jobs, home sales bode well for industry, Pennsylvania/New Jersey/Delaware conference told

22 September 2004
Schwarzenegger vetoes anti-Wal-Mart bill
City leaders, not state, will decide fate of proposed super-centers

21 September 2004
Retail real estate gets top marks at conference
Sector crucial to investors, ICSC Capital Marketplace conference hears

17 September 2004
Glendale, Calif., residents approve Caruso project
Plans call for retail, restaurants, entertainment and homes

15 September 2004
Gap to test new concept
Store will target women over 35 years old

14 September 2004
Federated drops regional nameplates
Department store chain to operate under Macy’s and Bloomingdale’s brands only

10 September 2004
Home Depot moves to Manhattan
Urban neighborhood format, complete with doorman, opens in NYC today

9 September 2004
Abercrombie rolls out Ruehl concept
Chain aimed at older shopper, could grow to 700, retailer says

8 September 2004
Florida’s landlords assess damage from Hurricane Frances
Power out, trees uprooted, and owners keep wary eye out for Ivan

2 September 2004
August same-store sales rise just 1.1 percent
Late Labor Day, Hurricane Charley, tough year-ago comparisons blamed

1 September 2004
Wal-Mart stalls plans for Chicago store
City proposal on wage requirements could squelch development

30 August 2004
Build-A-Bear Workshop heads to NYC
Expanding chain plans store on Fifth Avenue

30 August 2004
Mall hosts Republican National Convention kick-off event
World’s journalists gather for big bash at Time Warner Center

27 August 2004
Report won’t delay $1.3 billion Meadowlands Xanadu, Mills says
Mills, partner pledge to resolve traffic, impact issues with state agencies

26 August 2004
Rouse deal good for General Growth, Bucksbaum says
CEO dismisses Wall Street qualms over price, financing

25 August 2004
Kimco, partner plan to buy Price Legacy for $696 million
Deal would net buyers 39 open-air centers

24 August 2004
Home Depot buys 18 Kmart stores
Home improvement chain paying $271 million for stores in eight states

20 August 2004
General Growth plans to buy Rouse
$12.6 billion deal would give General Growth stakes in about 40 centers

19 August 2004
Landlords assess Florida hurricane damage
Preventive steps helped minimize impact, owners say

18 August 2004
Equity One buying six centers in Boston area for $120 million
Deal marks landlord’s first move into Northeast

18 August 2004
Regency, partners buy 25 centers for $399.3 million
Deal expands existing ventures with Macquarie, Oregon retirement fund

17 August 2004
Thor buys CocoWalk
First urban retail-entertainment center part of $120 million deal

17 August 2004
Mills paying $1.03 billion for stakes in nine General Motors malls
Venture with GMAM means opportunity to redevelop, expand centers, Mills says

11 August 2004
Toys ‘R’ Us may seek to sell global business
Company also wants to spin off Babies ‘R’ Us

11 August 2004
Ross Stores launching deep-discount chain
DD’s Discounts could grow to 500 units, clothing chain says

11 August 2004
Discount stores to reap back-to-school benefits, survey says
Respondents say they plan to spend about $370 on these purchases this year

10 August 2004
Inland Group pays $520 million for 22 centers
Company plans $3 billion in acquisitions this year

9 August 2004
Booming Florida economy cheers developers
But proposed development restrictions cast a shadow, conference hears

6 August 2004
Glimcher selling 25 open-air and single-tenant centers for $103.1 million
Deal will help us focus on our regional malls, firm's chief says

5 August 2004
Same-store sales rise ‘moderate’ 3.1 percent in July
Cool weather, shifting tax holidays hinder chains

5 August 2004
Westfield to buy three Australian centers for $234.8 million
Deal among Westfield's first acquisition activities since combining trusts

4 August 2004
General Growth opens $200 million center today
Jordan Creek, in West Des Moines, Iowa, wave of the future, company says

3 August 2004
Mills, partners to break ground on Meadowlands Xanadu Sept. 29
4.8 million-sf retail-entertainment center to include indoor ski resort

3 August 2004
Mills, Kan Am selling Ontario Mills stake
JPMorgan Fleming paying $243 million for 50 percent share

2 August 2004
General Growth in first overseas ventures
Mall owner acquiring, building centers in Brazil, Costa Rica

2 August 2004
Regency pays $117 million for six grocery-anchored centers in Chicago area
Citing demographics, company seeks to buy additional centers there

30 July 2004
Target selling Mervyn’s to three investors for $1.2 billion
Sun Capital, other firms pledge to keep department-store chain intact

28 July 2004
Kimco growing in Canada, Mexico
Open-air landlord increases holdings through acquisitions, developments

28 July 2004
CBL pays $231.2 million for Pittsburgh-area mall
Plans to complete major open-air component next year

28 July 2004
Consumer confidence at two-year high, Conference Board says
Survey: Job gains main cause for fourth-straight increase

27 July 2004
Forest City opens mixed-use Atlantic Terminal in Brooklyn, N.Y.
Target-anchored center is firm's second in downtown Brooklyn

26 July 2004
Weingarten raises acquisition goals for 2004
Kansas City, Mo., St. Louis look promising, Houston firm says during 2Q call

23 July 2004
AMC Theatres trading hands for $2 billion
JP Morgan Partners, Apollo Management could seek to grow chain, analyst says

23 July 2004
Acadia forms $300 million acquisition fund
Venture to buy open-air centers, distressed properties

22 July 2004
Mills value megamall in Pittsburgh to get department stores
Full-price anchors a first for the value retail landlord's centers

21 July 2004
Chains look to 30-something shoppers
New concepts by Abercrombie, former Hot Topic execs target older consumers

21 July 2004
General Growth malls to feature movie star appearances
Deal with 20th Century Fox will promote nine films a year

19 July 2004
Connecticut top court sides with mall in political speech case
Landlords need not allow union members to distribute fliers in mall

14 July 2004
Abercrombie & Fitch rolling out concept for grown-ups next month
‘Concept Four’ will go into malls, lifestyle centers and downtown spaces, analyst says

14 July 2004
Ikea opens Mall of America store today
Ikea’s 19th U.S. store is part of mall’s expansion

14 July 2004
Retail vacancy rates decrease, asking rents jump, report says
Landlords benefit as bankrupt tenants replaced, new jobs created

14 July 2004
Economist predicts strong holiday season
Expect sales rises of about 7 percent, speaker tells ICSC’s New England Conference

12 July 2004
Federal Realty, ING Clarion form joint venture
Partnership to buy up to $350 million in California and East Coast centers

9 July 2004
Hollywood & Highland’s second act under way
Project’s redevelopment at the center of Hollywood Boulevard renaissance

8 July 2004
June same-store sales rise 2.9 percent
Increase represents sharp slow-down from previous months

8 July 2004
Grocery workers' union approves labor agreement with Kroger
Four-year contract represents last settlement with major locals after recent strife

8 July 2004
Ivanhoe Cambridge forms joint venture with German bank
Sells stakes in six shopping centers

1 July 2004
Barneys could go on block
Domestic and foreign stores could be among buyers, analyst says

30 June 2004
Demalling under way on Southern California’s oldest enclosed center
Developers building $170 million lifestyle center on site of Huntington Beach Shopping Center

30 June 2004
Sears to take over 61 former Kmarts, Wal-Marts
Valued at about $620 million, deal will expand company’s Sears Grand concept

29 June 2004
Wet Seal weighs options, including Chapter 11
Competition has hurt performance, Morgan Stanley says

29 June 2004
Consumer confidence highest since June 2002
Jump could spur increase in retail sales, says Conference Board

25 June 2004
Westfield shareholders approve merger to form Westfield Group
Combination of three companies will allow Westfield to grow, Lowy says

23 June 2004
Lawmakers seek to extend terror coverage act two more years
Move follows extension last week of act's 'make available' provision

22 June 2004
Investors buying Loews Cineplex for $1.5 billion
New owners may look to expand the chain, analyst says

21 June 2004
Dick’s to buy Galyan’s for $362 million
Deal would give Dick’s a total of 216 units

21 June 2004
Bulletin: Simon to buy Chelsea for $4.8 billion
Deal would give Simon 60 outlet centers, expand its global presence
UPDATED

18 June 2004
Bulletin: Treasury extends ICSC-backed terror insurance provision
Hard-fought decision seen as major victory for real estate development

17 June 2004
Vornado buys 25 Southern California supermarket properties
Company pays $65 million for Stater Brothers sites to strengthen regional presence

17 June 2004
PREIT selling five malls to Lightstone for $110.7 million
Centers are 'noncore' assets from last year’s Crown Realty acquisition, PREIT says

16 June 2004
Vaughan Mills to open Nov. 4
Toronto-area project is Mills’ first megamall in Canada

14 June 2004
Inland Western buys 10 centers for $350 million
Western property trust grows to 27 properties

14 June 2004
New OshKosh concept caters to all age groups
Children’s retailer has nearly 40 units planned by end of next year

11 June 2004
Sony rolling out stores in high-end malls
Company plans to have nine open in U.S. by year-end

10 June 2004
CB Richard Ellis begins trading today on the NYSE
Proceeds to pay off debt, possibly to fuel future growth, analyst says

9 June 2004
May wins bid for Marshall Field’s in $3.2 billion deal
But Target still has nearly 260 Mervyn’s units to unload

9 June 2004
Albert Sussman, CMD, CSM, dies
ICSC’s first head of staff helped put organization on map

4 June 2004
Children’s Place mulls purchase of Disney Stores chain
Under license agreement, children's apparel retailer would keep Disney name

4 June 2004
Report: Most people keep shopping despite rising gas prices
Pump prices are up, but so are incomes, says ICSC Research report

3 June 2004
Mills considers project in Scotland
Value megamall builder in talks to build regional mall near Glasgow

3 June 2004
ICSC reports May same-store sales up 5.7 percent
Increase better than predicted, thanks to warm weather, improving economy

27 May 2004
Lend Lease bids A$6.6 billion for General Property
Merged entity could be No. 2 in Australia, behind Westfield Group

27 May 2004
Wal-Mart wins approval for first Chicago store
Bid for second unit there fails, but may be revisited

25 May 2004
Poag & McEwen, Stanbery team up to build Pennsylvania project
Shops at Saucon Valley lifestyle center to go up in former steel manufacturing area

24 May 2004
Conserve, EPA chief urges industry
Industry could lead recycling effort, Leavitt tells ICSC Spring Convention

24 May 2004
Six retailers win ICSC Hot Retailer Awards
Supermodel Kathy Ireland fetes winners at Spring Convention ceremony

24 May 2004
Municipalities extol virtues of retail
50 mayors gathered at ICSC Spring Convention

24 May 2004
Macerich buys stake in Dallas' upscale NorthPark Center
Acquisition represents interest in one of the top regional malls, company says

23 May 2004
2004 Spring Convention biggest ever
Nearly 36,000 at world’s largest retail real estate event

21 May 2004
First Allied puts 37 centers on the block
Company plans to use proceeds to acquire more

20 May 2004
General Growth to build hybrid mall near Dallas
The 1 million-square-foot Shoppes at Circle T Ranch to open in 2006

20 May 2004
Gordon Group to build Atlantic City retail-entertainment center
The 575,000-square-foot Pier at Caesars will cost $145 million

20 May 2004
Starwood Urban selling 1.2 million-square-foot, mixed-use portfolio
Investment firm wants $500 million for East Coast properties

20 May 2004
Caruso to build six mixed-use centers in California
Builder of L.A.’s Grove investing more than $1 billion throughout the state

19 May 2004
First phase of Steiner’s Zona Rosa opens today
$200 million Kansas City center could ultimately exceed 1 million square feet

18 May 2004
Urban Retail, partners break ground on Branson (Mo.) Landing
$300 million project to include retail, entertainment, homes, hotel, convention center

17 May 2004
Kmart posts profit for second quarter straight
Sales down, but cost-cutting brings savings

13 May 2004
First phase of Continuum’s $750 million Denver-area project opens Friday
Mixed-use Belmar will have 1.2 million square feet of retail when complete

11 May 2004
Cousins, partners to build two open-air centers in South
Atlanta firm broke ground on first center, near Memphis; plans second for Atlanta area

7 May 2004
Related seeks to build 1 million-square-foot center in Bronx, N.Y.
Mixed-use Gateway Center, near Yankee Stadium, would cost $300 million

6 May 2004
Chain stores report 4.4 percent year-over-year sales increase, ICSC reports
Fewer Easter shopping days, poor weather slow previous months' growth, report says

6 May 2004
Westcor to build five super-regionals in Phoenix area
Rapidly growing population projected to double by 2020

5 May 2004
Simon buys its first Puerto Rico mall, for $309 million
Also acquires majority stakes in two other malls in deal with CalPERS

3 May 2004
Apollo, Rida buy 28 Polish properties for $840 million
Acquisition represents latest of several Europe retail deals by U.S. investors

30 April 2004
Winn-Dixie to close 156 stores in core and noncore markets
Struggling grocer’s 3Q same-store sales down 6.4 percent

28 April 2004
Rent-A-Center to buy Rent Rite for $58.4 million
Acquisition would be second this year for country’s largest rental chain

27 April 2004
Regal Entertainment buying 37 theaters for $226 million
Company says it could be in running to buy Loews

22 April 2004
Westfield to combine its three publicly traded companies
Westfield Group, valued at $24.8 billion, would own 123 centers in four countries

22 April 2004
DDR expands joint venture with Macquarie
Deal provides DDR with $460 million to fund Benderson acquisition

21 April 2004
Investment now exceeds €10 billion, ICSC European Conference told
Europe attracting more mall development

20 April 2004
General Growth to buy two Southern malls for nearly $431 million
Purchase comes atop other major deals, including Grand Canal Shoppes, in Vegas

20 April 2004
Simon, St. Joe building 1 million-square-foot Florida center
Beachfront development to include public park

20 April 2004
Bigger Europe offers opportunity, speaker tells ICSC Europe Conference
But EU faces formidable problems, including burden of aging population, he adds

19 April 2004
Pearle Vision owner gets $411 million takeover bid
Moulin International’s $25-per-share bid tops possible $22.50 Luxottica deal

14 April 2004
Federated shows interest in Marshall Field’s
Department store giant could buy 62-unit chain from Target

13 April 2004
Foot Locker buying 350 Footaction stores for $160 million
Deal marks Footstar’s exit as leading retail store operator

13 April 2004
General Growth paying $766 million for Grand Canal Shoppes
On psf basis, price for Vegas center among highest for single mall ever, report says

8 April 2004
General Motors puts eight Taubman-managed malls on market
Centers originally acquired in exchange for fund’s equity in Taubman Centers

8 April 2004
March same-store sales best since April 2000
All sectors fare well with 7 percent overall increase

5 April 2004
J.C. Penney selling Eckerd to CVS and Jean Coutu for about $4.5 billion
Deal would make CVS the largest drugstore chain in the country, with more than 5,000 units

1 April 2004
Jones Lang LaSalle assumes management of 16 L&H malls
Contract strengthens firm’s position among top three U.S. retail management firms

1 April 2004
Federal Realty buys San Jose, Calif., mall for $97 million
Acquisition is part of effort to grow in California

31 March 2004
DDR to buy 110 Benderson centers for $2.3 billion
Deal will bring DDR’s portfolio to 470 centers

30 March 2004
Leonard Green & Partners to buy Hollywood Video
$890 million deal would make second-largest video chain private

26 March 2004
Albertsons paying $2.5 billion for Shaw’s, Star Markets chains
Acquisition will give supermarket foothold in New England

25 March 2004
Shopping center FFO gains best in four years
Open-air sector’s 11.1 percent increase dwarfs 0.07 percent REIT average

25 March 2004
Footstar to sell 353 Footaction stores
Company will focus on revamping Meldisco shoe department unit

22 March 2004
Too expanding Justice chain
Justice could grow larger than 555-store Limited Too, says company

22 March 2004
Rents too high, temp tenants grumble
But growth makes rise inevitable, landlords say at ICSC Specialty Conference

19 March 2004
Capital Lease Funding goes public
Company pioneered financing products for retail real estate industry

18 March 2004
Chelsea opens fourth outlet center in Japan
Tosu Premium Outlets, near Fukuoka, is latest but not last

17 March 2004
Tower Records parent emerges from bankruptcy
93-store chain now under control of creditors

16 March 2004
Retail real estate professionals lobby Congress
Bankruptcy reform, e-tail sales tax, terrorism insurance lead agenda

15 March 2004
CBL buys mall opposite Daytona racetrack
Volusia Mall is one of two centers bought in deals totaling $202 million

11 March 2004
L.L. Bean drops pursuit of Eddie Bauer
Bauer's brand weakened, stores too small, L.L. Bean says

11 March 2004
Target mulls sale of Marshall Field’s, Mervyn’s
Financial performance has lagged, notes Target executive

8 March 2004
Footstar to close 165 stores
All 88 Just For Feet units to go

4 March 2004
California landlords count cost of grocery strike
Some centers benefited as 20-week dispute sent shoppers to nonunion supermarkets

3 March 2004
Office Depot buying 124 Kids ‘R’ Us stores for $197 million
Acquisition aimed at stronger Northeast, mid-Atlantic presence

3 March 2004
Footstar files for bankruptcy protection
Landlord exposure to shoe giant minimal, says analyst

3 March 2004
Gymboree launching new clothing chain
Janeville will cater to women in their mid-30s

27 February 2004
Trizec sells Hollywood & Highland for $201 million
Former high-profile mall developer now out of retail

26 February 2004
Westfield America unveils nearly $2 billion redevelopment program
Developer plans to renovate, expand centers across the United States

26 February 2004
Heitman announces nearly $800 million in East European deals
Firm is latest of several U.S. retail developers expanding on the Continent

25 February 2004
Rag Shops mulls sale or merger
69-store crafts chain trying to ‘maximize shareholder value’

25 February 2004
Ikea plans first Florida store
Affordable furnishings retailer targets Miami metro area
UPDATED

24 February 2004
NYC-area, $1 billion mixed-use project to break ground this summer
Harrison (N.J.) MetroCentre to include retail, offices, soccer stadium

20 February 2004
General Growth to add housing to Boston mall
Developer explores similar action at other properties

20 February 2004
El Cajon mall to get first custom-built Wal-Mart
California unit opens in Westfield center this fall

18 February 2004
Mills to be busy from Chicago to Rome
Analyst: Company will spend $800 million on acquisitions in 2004

17 February 2004
Footstar could file for Chapter 11
West Nyack, N.Y., retail giant operates Footaction, Meldisco, Just for Feet, others

12 February 2004
Mall builders have eyes for lifestyle, say ICSC open-air meeting speakers
Attendance at second ICSC Conference on Open-Air Centers double the first

11 February 2004
Developers picked for Boston waterfront project
Urban Retail Property Co., Drew Co. to build $400 million mixed-use center

9 February 2004
One Price Clothing files Chapter 11
500-unit off-price apparel chain announces165 store closings so far

9 February 2004
Tower Records parent files for Chapter 11
Lenders provide up to $100 million in financing; no store closings announced yet

5 February 2004
January same-store sales rise 5.8 percent
Retailers post strongest year-on-year results since September

5 February 2004
General Growth plans Arkansas lifestyle center
Pinnacle Hills is among several open-air projects in developer's pipeline

5 February 2004
$1.7 billion Time Warner Center opens today
80-story mixed-use project is one of largest ever built in New York City

5 February 2004
Report: Tower Records parent to declare bankruptcy
100-store global chain latest casualty in troubled music retail sector

3 February 2004
Rouse buying Providence (R.I.) Place for $522 million
Deal is second high-profile purchase for Rouse in recent months

3 February 2004
Gadzooks files for Chapter 11
Youth apparel retailer to close 125 units in coming weeks

30 January 2004
Forest City to build mixed-use projects in Washington, D.C., Denver
Announcement follows unveiling of $2.2 billion Brooklyn, N.Y., plan

28 January 2004
KB Toys to close 356 stores
Bankrupt chain could close 115 more units next month

27 January 2004
D.E. Shaw Laminar closes on $41 million FAO acquisition
Stores closing for six months for renovations

27 January 2004
Canada’s economy brightening
Retail sales up, employment firm, ICSC Whistler Conference told

27 January 2004
Forest City plans $2.5 billion Brooklyn, N.Y., mixed-use project
Development would showcase Nets basketball team and have 300,000 square feet of retail

27 January 2004
Golds for retailers at 2010 Winter Olympics?
Games in Canada will be a boon, Whistler conference told

22 January 2004
Factory 2-U to close 44 stores in nine states
Closures could start next month, pending bankruptcy court approval

22 January 2004
Proposed Denver-area project to get about 1 million square feet of retail
HighPointe at DIA master-planned community to cost $1.5 billion

21 January 2004
Mills names former Goldman Sachs exec its president
Mark Ettenger advised companies on a number of high-profile retail deals at Goldman

20 January 2004
Simon plans to build open-air center in south Texas
Mixed-use project to be built in conjunction with a convention center

16 January 2004
Mills buys one mall, sells partnership in another
Pays $79 million for Westland Mall, sells half of Great Mall of the Bay Area for $136.5 million

15 January 2004
Report: 2004 retail outlook bright
Innovation key to overcoming competition, saturation, analysts say

14 January 2004
CBL, MGHerring break ground on Imperial Valley Mall
El Centro project is CBL’s first California mall

14 January 2004
KB Toys files for Chapter 11
Privately owned KB is second toy retailer to file since last month

13 January 2004
Factory 2-U files for Chapter 11
Off-price chain is first public retailer to go bankrupt this year, analysts say

8 January 2004
Retailers report strong holiday sales
December same-store sales up by 4.2 percent, says ICSC report

8 January 2004
Eddie Bauer identifies 29 stores slated for closure
Liquidation sales start tomorrow in 16 states

6 January 2004
Glimcher buys out partners in Polaris Fashion Place, Polaris Town Centre
Developer now owns 100 percent of its portfolio

6 January 2004
CBL completes second phase of Australian joint venture
Tennessee firm sells six open-air centers for $62.7 million

30 December 2003
Simon closes on $227.3 million Italian mall partnership
Deal gives developer an interest in 38 Italian centers

29 December 2003
Esprit to open U.S. stores in coming year
Company, mulling national rollout, looking at six New York City-area locations

29 December 2003
Wizards of the Coast closing retail stores
Game manufacturer has 80 units, many in major malls

26 December 2003
FAO selling NYC flagship for $20 million to arm of D.E. Shaw
Deal includes FAO Schwarz store in Las Vegas' Forum Shops

24 December 2003
Judge denies FAO’s Right Start sale
Toy retailer will have to liquidate 38-store chain, report says

23 December 2003
Weak sales could mean Chapter 11 for Gadzooks
Third-quarter same-store sales fall 31.4 percent

22 December 2003
Blackstone and Tanger close on Charter Oaks portfolio
Acquirers pay $491 million for nine outlet centers

19 December 2003
Trizec selling Desert Passage for $235 million
New owners plan to increase center’s visibility on Vegas Strip

17 December 2003
Richard E. Jacobs to build 1.5 million-square-foot mall in Tampa, Fla.
Cypress Creek Town Center to be part of 500-acre mixed-use project

16 December 2003
Liquidators give FAO an extension
Toy retailer could be in talks with buyer, observer says

16 December 2003
Rouse, partner buy Mizner Park from TIAA-CREF for $136.9 million
Mixed-use development has 240,000 square feet of retail

16 December 2003
Sales rebound after Dec. 5 snowstorm
Retailers see 2.1 percent jump for week ended Dec. 13

15 December 2003
Vornado buys Bergen Mall from Simon for $145 million
Company plans to expand and redevelop N.J. mall

12 December 2003
General Growth acquiring three Western malls for $221 million
Deals would bring number of company’s purchases this year to nine

10 December 2003
Boise Cascade buys OfficeMax for $1.3 billion
Deal gives Idaho office supply distributor 1,000 additional stores

9 December 2003
Spiegel seeks to close 30 Eddie Bauer stores
Parent company has closed 60 since filing for bankruptcy

8 December 2003
WTC will rise again, developer tells New York Conference
Larry Silverstein details plans for $7.5 billion rebuild

5 December 2003
Does great design have to break bank?
Not necessarily, experts tell ICSC’s CenterBuild Conference

5 December 2003
November same-store sales up 3.4 percent
Wholesale clubs lead off; discount, apparel rise too

3 December 2003
Energy conservation debated at ICSC’s CenterBuild
Conference panelists tout benefits of solar power

3 December 2003
N.J. agency OKs Mills plan for massive Meadowlands Xanadu
$1.3 billion project will include retail, entertainment, hotel and office space

2 December 2003
FAO to file for Chapter 11 — again
Toy retailer looking to sell chains

2 December 2003
New Plan Excel, J.P. Morgan team up to buy centers
$150 million NP/I&G Institutional Retail venture acquires first property

1 December 2003
TBC closes on Sears’ National Tire & Battery
Tire retailer gets 225 additional units in $225 million deal

1 December 2003
Black Friday sales up 4.8 percent from a year ago, report says
Industry watchers predict strong holiday season

25 November 2003
Three developers team up to build $250 million Arizona center
Mixed-use center will broaden downtown Scottsdale’s shopping options

21 November 2003
Inland buys Pittsburgh-area riverfront retail
$123.5 million deal gives company stake in The Waterfront mixed-use project

20 November 2003
DDR, local developer plan mixed-use center near Denver
Palisade Park to open in 2005 with 1 million square feet of retail

20 November 2003
AMC, Loews discuss link-up
A merger would make them biggest international cinema chain

19 November 2003
Prime shareholders approve takeover offer
Lightstone’s acquisition of troubled outlet owner to close in 30 days

18 November 2003
Arab developer proposes world’s largest mall
Dubai Mall, at 8.7 million square feet, is planned for a 2006 opening

17 November 2003
Dollar General to open 675 units next year
Chain promises same in 2005, 2006, as sector expands aggressively

17 November 2003
'Toys 'R' Us to shut Kids 'R' Us, Imaginarium
Efforts to turn concepts around have failed, says CEO Eyler

13 November 2003
Tiffany launching pearl jewelry chain next year
New concept aimed at malls, lifestyle centers

13 November 2003
St. Louis Mills opens today
$250 million megamall is Mills’ third opening in 12 months

13 November 2003
Forest City, Westfield America break ground on $410 million San Francisco Centre
Urban retail center will be second-largest in U.S.

11 November 2003
Shareholders approve Crown-PREIT deal
Acquisition gives PREIT 27 additional malls

11 November 2003
Bayer and Forest City to bring lifestyle center to famed former steel town
$100 million-plus Summit to open in 2006 in Bethlehem, Pa.

10 November 2003
FAO gets default notice from lenders
Toy retailer warns it may not have liquidity to operate as usual

6 November 2003
October’s same-store sales up 3.2 percent
But warm weather hurts apparel and department stores, execs say

5 November 2003
Westfield buying suburban Chicago mall
$92.5 million purchase would give company six area centers

4 November 2003
May buying Gingiss formalwear chains
$23 million purchase would add to its expanding bridal group

31 October 2003
Simon increasing interest in Kravco for $300 million
Buys out Rouse-Westfield portion of stake obtained through Rodamco deal

30 October 2003
Work begins on $250 million, Denver-area mixed-use project
Southlands will bring 1.5 million square feet of retail to Aurora, Colo.

30 October 2003
Consider nontraditional tenants, ICSC Fall Conference told
When retailers don’t bite, municipal offices, medical centers and schools might

29 October 2003
ICSC report predicts improved holiday season
Digital electronics, video games and clothes will be top sellers, analysts say

29 October 2003
CVS could buy portions of Eckerd
Drug chain’s Florida, Texas units especially appealing, CVS says

29 October 2003
Rouse to start building Las Vegas mall next year
Summerlin Town Center, at 1.3 million square feet, part of master-planned community

28 October 2003
Cousins building its fifth Avenue project
Avenue Viera to open next fall east of Orlando

23 October 2003
TJX buying Bob’s Stores for $100 million
Apparel chain owner to expand off-price clothing brand

22 October 2003
Shopping center rents up, occupancy holding, report says
Retail remains steady as office, residential sectors falter

17 October 2003
Mexico beckons shopping center developers
Potential for retail growth enormous, say speakers at ICSC forum

16 October 2003
Simon, Taubman end legal dispute
Move follows last week’s withdrawal of tender offer

16 October 2003
Ground broken on $180 million Victoria Gardens
Forest City, Lewis Retail partner on mixed-use center in Rancho Cucamonga, Calif.

16 October 2003
General Growth buys three malls for $550 million
Deal brings this year’s purchases to nearly $2 billion

15 October 2003
J.C. Penney solicits bids for Eckerd
Canadian operator might be interested in struggling drugstore chain

14 October 2003
Grocery store strikes spreading from California
Traffic down, security up at affected shopping centers

9 October 2003
September 5.9% retail sales gain strongest since March 2002
Weather, traffic, economy behind same-store strength

9 October 2003
Marketing key to successful shopping centers, attendees at ICSC Europe seminar hear
Industry must confront stiffer competition with savvier programs, experts say

8 October 2003
Bulletin: Simon, Westfield withdraw Taubman bid
Move follows Tuesday's passage of Michigan anti-takeover law

8 October 2003
Middle East mall development thriving, MECSC meeting hears
Overdevelopment bears watching now, speakers say

6 October 2003
Tanger, Blackstone to buy nine outlets from Charter Oak for $491 million
Purchase brings Tanger’s portfolio to 42 centers

2 October 2003
Kimco closes on Mid-Atlantic acquisition
$700 million deal brings Kimco's total centers to 675

1 October 2003
Developers neglecting new regional mall opportunities, Canadian convention told
Another challenge: Broadening of retailer merchandise categories

1 October 2003
Wal-Mart to open 220 Supercenters next year
Total expansion plans will cost $12 billion

1 October 2003
Courts approve Trans World purchase of Wherehouse Music, CD World stores
Deals give chain nearly 1,000 units

1 October 2003
Canadian rebound likely, ICSC conference hears
Retail sales rise 5 percent in first half of 2003

30 September 2003
Trizec to sell Desert Passage for $235 million, reports say
Deal would leave once-prolific retail landlord with one shopping center

29 September 2003
CBL confirms Australian joint venture
Deal gives Australian investors 90 percent in 51 centers

29 September 2003
Liz Claiborne opens first Mexx store in U.S.
Manhattan flagship could pave way for national rollout

24 September 2003
Inland pays $172 million for Atlanta power center
Deal second-biggest Atlanta retail property sale ever

23 September 2003
Sears to sell National Tire & Battery to TBC Corp.
Move part of major effort to refocus storied retailer

23 September 2003
Home Depot signs with Vornado for second Manhattan store
Two-level 'urban neighborhood' store to open next summer

19 September 2003
Michigan Senate passes bill blocking Taubman takeover
Move could end Simon-Westfield hostile bid

18 September 2003
Taubman’s upscale Stony Point opened — then closed — today
Opening festivities suspended as hurricane approaches Richmond, Va.

17 September 2003
Ikea moves into Southeast
New store will be near Atlantic Station

16 September 2003
Elder-Beerman accepts Bon-Ton offer
Bon-Ton to acquire department store chain for $92.8 million

15 September 2003
Westfield to sell World Trade Center lease to Port Authority
Australian company seeks $140 million, cites conflict over rebuilding plan

15 September 2003
Sears buys Structure brand from Limited
Men’s apparel line could reach stores by year-end

12 September 2003
Snyder’s files for Chapter 11
Retailer to shed Drug Emporium subsidiary

11 September 2003
Bulletin: Simon ordered to sell stake in Mall of America
Move would give Ghermezians control of megamall

11 September 2003
Federal deficit, unemployment no threat to economic rebound, economist says
But retail faces special challenges, he tells Pennsylvania/New Jersey/Delaware Idea Exchange

10 September 2003
DDR forms $700 million partnership with Australian company
Australia-based investment entity to own 11 community centers

10 September 2003
Wright Holdings ups its bid for Elder-Beerman
Company offers $7.05 per share, topping Bon-Ton’s $7 offer

5 September 2003
Employment growth key to continued retail strength, says economist
Tax cuts, home equity dividend won’t last, ICSC’s Retail Real Estate Capital and Finance Conference hears

5 September 2003
Bon-Ton Stores winning race to acquire Elder-Beerman
Chain prepared to accept $7 per share bid

4 September 2003
August’s 5 percent same-store sales gain biggest since June 2002
Back-to-school purchases, good weather and clearance sales credited

4 September 2003
$700 million BullRing opens in Birmingham, U.K.
Center part of Europe’s largest downtown retail redevelopment project

4 September 2003
PREIT buys out partner in Philadelphia-area mall for $122.3 million
1.2 million-square-foot Willow Grove Park latest in string of acquisitions

4 September 2003
Richmond’s Short Pump Town Center opens today
Forest City’s $360 million center adds 1.3 million square feet of retail to area

3 September 2003
CBL in talks over its community center portfolio
Joint venture with Australian firm may be in works, says analyst

3 September 2003
Simon, Westfield, report 64 percent of Taubman common shares tendered
Bidders also extend share offer deadline, as part of ongoing hostile takeover attempt

29 August 2003
Macerich paying Taubman $158.5 million for Biltmore Fashion Center, Phoenix
Deal follows buyer’s acquisition of upscale Scottsdale (Ariz.) Fashion Center last year

28 August 2003
Retailers, analysts upbeat on back-to-school season
Sales helped by tax holidays, good weather and attractive fashions, observers say

28 August 2003
Sears to close three Great Indoors stores
Move will leave chain with 18 of the units

28 August 2003
General Growth pays $265 million for Virginia Beach mall
GGP to take over management of Lynnhaven Mall, add major tenants

27 August 2003
Australia’s Prime Retail buys 14 California centers
$488 million purchase marks U.S. debut for center investment trust

22 August 2003
Malls report minimal losses from blackout
Shoppers made up for lost time when power came back on, executives say

22 August 2003
Discount chain Bonus Stores to close 214 units
Bankrupt retailer left with 97 units

21 August 2003
RioCan forges partnership with TIAA-CREF, Ontario pension fund
$356 million fund will buy underperforming centers

21 August 2003
Cedar Shopping Centers to buy eight community centers
New York shopping center owner also seeks NYSE listing

20 August 2003
Sears considers shutting Great Indoors stores
Chain could close or be sold, analyst says

19 August 2003
Booming Florida population seen as boon for retail
Growth reflected by record attendance at Florida Conference

13 August 2003
Westfield buys portion of Chicago mall for $105 million
Company also undertaking major renovations at other centers

13 August 2003
Ruling expected soon in court case over Mall of America ownership claim
Judge to decide whether Simon’s majority purchase violated agreement

12 August 2003
Galleria Dallas overhaul planned
Landmark mall, formerly Dallas Galleria, to get new retailers and common-area improvements

8 August 2003
Chelsea's, Simon’s Las Vegas outlet opens today
Las Vegas Premium Outlets is companies’ second joint venture

7 August 2003
Same-store sales rose 4.3 percent in July
Department stores see highest gain since November 2001

7 August 2003
Forest City Ratner makes bid for N.J. Nets
Developer would move basketball team to Brooklyn

6 August 2003
Glimcher to buy Tampa, Fla., mall for $153 million
Deal part of plan to expand mall portfolio, shed community centers

6 August 2003
Mills buys Great Mall of the Bay Area for $265.5 million
Deal leaves Swerdlow Group with one retail property

4 August 2003
Samuels Jewelers files for Chapter 11
113-unit chain cites no store closings

1 August 2003
Simon to build 1.5 million-square-foot mixed-use center in Florida
Developer says St. Johns Town Center is one of several such projects in the pipeline

31 July 2003
Chico’s to buy White House Inc. for $90 million
Chicos plans to retain name and expand chain after purchase

30 July 2003
Kimco spends $253 million buying centers during second quarter
On track to spend $1 billion this year on acquisitions

30 July 2003
May closing 32 Lord & Taylor stores
Decision leaves several top U.S. malls short an anchor
UPDATED

29 July 2003
Elder-Beerman attracts another suitor
Bon-Ton Stores offering $80.5M for 68-store chain

25 July 2003
Insignia/ESG acquisition gives CB Richard Ellis major NYC presence
$430 million deal expands CBRE’s retail real estate resources

25 July 2003
CBL to buy four malls from Faison for $340 million
Faison shifting focus away from mall ownership

24 July 2003
ADA reform stuck in Congress
No action likely until after election, supporters say

24 July 2003
Disney to sell its retail chain
Media conglomerate hires Bear Stearns, Goldman Sachs to market stores

23 July 2003
Career change for retail development veteran Norman Kranzdorf
Former Kramont chairman joins investment management firm

22 July 2003
Gadzooks completes gender switch
Mall-based teen retailer now caters to females only

22 July 2003
CBL to build its first California center
Developer to open mall near Mexico’s border

17 July 2003
Inland Retail buys seven Georgia centers for $200 million
Company now has about 7 million square feet in Atlanta area

17 July 2003
New England retail real estate bright, regional meeting speakers say
ICSC New England Idea Exchange reported 1,000 registrants

15 July 2003
Discover Financial, Mills renew partnership
Mills will continue to market card at 13 value megamalls

14 July 2003
Edens & Avant buys seven D.C.-area centers
Deal gives company 36 properties in Mid-Atlantic

14 July 2003
Boise Cascade to acquire OfficeMax for $1.2 billion
Purchase by paper products producer will strengthen OfficeMax, says CEO

10 July 2003
Same-store sales up 2.4 percent in June
Summer weather, Harry Potter contributed to ‘modest’ month, analyst says

9 July 2003
Internet sales tax campaign passes milestone
Thirteenth state signs on to Streamlined Sales Tax effort

8 July 2003
Prime Retail to be acquired in $638 million deal
Lightstone Group buying long-struggling outlet center owner

8 July 2003
Chelsea expands Japanese outlet center
Gotemba Premium Outlets now largest outlet center in Japan

2 July 2003
Simon to pay $333 million for Stanford Shopping Center
Leading San Francisco Bay area mall has sales over $600 per square foot

1 July 2003
Mills buys Del Amo Fashion Center for $442 million
Plans $160 million renovation of the 2.5 million-square-foot mall

30 June 2003
Prime Retail mulls another buyout bid
Third party offering $115 million for Baltimore-based outlet center owner

26 June 2003
Destiny USA’s future uncertain
Without extra state funding, developer may scale back huge retail-entertainment project, sources say

26 June 2003
Elder-Beerman agrees to buyout by Goldner Hawn
Investment firm to pay $69 million for storied department store chain

25 June 2003
Fed interest rate cut may lower cap rates, analysts say
Move could favor private buyers over REITs, they add

25 June 2003
Maine’s biggest mall for sale
1.2 million-square-foot Maine Mall could bring $250 million, analyst says

20 June 2003
Mills begins construction on Pittsburgh-area value megamall
Second ground-breaking for developer this week

18 June 2003
GE Real Estate to pay $386 million for U.K. mall stakes
JV deal will give GE a total 80 percent stake in five shopping centers

18 June 2003
Kimco in $444 million deal to buy Mid-Atlantic Realty
Transaction would give center owner 41 additional properties

17 June 2003
Morgan Stanley buys Lend Lease equity investment business
Deal includes $13 billion in real estate assets, 29 million square feet of retail

16 June 2003
Inland buys six Florida centers for $74.2 million
Retail property investment firm has spent $1.3 billion on acquisitions this year

16 June 2003
Investment firm Sun Capital buys Musicland from Best Buy
New owner faces challenging future, analyst says

12 June 2003
GE Capital to sell majority stake in Regency Centers
Share of grocery-anchored center owner valued at $900 million, analysts say

12 June 2003
Sears rolls out new store formats
Chain to renovate 50 units this year

10 June 2003
Kmart resumes trading on Nasdaq
Stock shoots up on first day of trading

9 June 2003
M&H Realty puts 35 centers up for sale
Community center owner estimates portfolio worth $1 billion

6 June 2003
May same-store sales up 2 percent
Summer tax cut may bring further improvement, analyst says

5 June 2003
Mills to break ground on Toronto-area value megamall
Company's second non-U.S. project a joint venture with Ivanhoe Cambridge

3 June 2003
Lend Lease selling its 30 percent stake in Bluewater
Renowned U.K. center valued at $2.3 billion, says analyst

30 May 2003
General Growth to complete deals valued at $869 million
Company to buy out Ivanhoe Cambridge stake in seven malls, acquire two others

28 May 2003
Too cancels Mishmash rollout
Teen market overcrowded, company says

28 May 2003
‘Hottest’ retailers honored at Spring Convention
Customer contact key, say winners of new annual awards

28 May 2003
Open-air centers look beyond retail
Spring Convention panel discusses challenges confronting landlords

28 May 2003
Thirty-five mayors meet the developers
Spring Convention session explores common interests of public, private sectors

27 May 2003
ICSC elects Kathleen M. Nelson chairman for 2003-2004
First financial services executive to head organization

27 May 2003
Simon, Westfield extend deadline on Taubman takeover
Shareholders have until June 27 to tender shares

22 May 2003
Judge issues stay on injunction in Taubman-Simon battle
Taubman must move to expedite appeal

20 May 2003
Inland enters New Jersey with six-center, $114.4 million purchase
Shopping center owner also forming West Coast acquisition company

18 May 2003
ICSC's 46th annual Spring Convention kicks off
Preregistrants number a record 26,500-plus

16 May 2003
Disney may sell its stores, paper reports
Weak sales, lack of change have hurt concept, observers say

16 May 2003
Elder-Beerman mulling a buyout offer
Suitor, deal terms remain undisclosed

15 May 2003
Kemper Development buys Lincoln Square
Storied, stalled mixed-use project is under way — again

15 May 2003
Regency Centers to register 34.3 million shares
Move suggests parent Security Capital will not buy up Regency, analysts say

15 May 2003
Passco buys Puente Hills Mall
At $148 million, it's largest TIC deal on record, company says

14 May 2003
Standard & Poor’s adds REITs to ranking system
Only two — both retail companies — receive top rankings

14 May 2003
PREIT to acquire Crown American for $1.3 billion
Company’s portfolio would expand to 54 retail properties

13 May 2003
DDR brings in partners on seven shopping centers
Opportune time to cash in on firm's valuable property type, says company chairman

13 May 2003
Ikea to expand at Elizabeth, N.J., location
Retailer plans to create a ‘home lifestyle center’

8 May 2003
Judge hands Simon victory in Taubman takeover lawsuit
Taubman says it will appeal

8 May 2003
Report: April same-store sales up 3.2 percent
Not great, but promising, analyst says

6 May 2003
Kmart emerges from Chapter 11
Reorganized, leaner chain, now focused more on urban areas

6 May 2003
Stanford Shopping Center on the block
University looking to sell 75 percent of exclusive center

5 May 2003
L.L. Bean might buy Eddie Bauer chain
But Spiegel says no talks under way — yet

5 May 2003
Judge reviewing Simon-Taubman verdict
Decision was unclear, leaving both sides claiming victory, critics say

2 May 2003
Both sides claim victory following Taubman takeover court ruling
Simon-Westfield, Taubman disagree over whether verdict opens way for acquisition

1 May 2003
General Growth buys Georgia center for $87.6 million
Peachtree Mall is latest in series of acquisitions

29 April 2003
Kimco and partners plan $1 billion in acquisitions this year
Companies buying centers in Canada, Mexico and United States

29 April 2003
Developers team to build $300 million mixed-use project
Corti Gilchrist, Finley Group, Forest City opening Simi Valley (Calif.) Town Center in 2005

28 April 2003
Spiegel to close 60 Eddie Bauer stores
Company says it might shut more later

28 April 2003
Weingarten to spend up to $300 million on acquisitions this year
Company also earmarking up to $85 million for new development

27 April 2003
Landlords win key court victory over use clauses
U.S. appeals court says bankrupt tenants must honor mall agreements

23 April 2003
FAO Inc. emerges from bankruptcy
Toy retailer bailed out by investors, bank financing

23 April 2003
U.S. bankruptcy court OKs Kmart reorganization plan
Retailer ready to emerge from Chapter 11 May 5

23 April 2003
Retail REITs hit new 52-week highs
Strong performance baffles analysts

18 April 2003
Spiegel shutting down outlet stores
Bankrupt retailer closing all Spiegel, Newport News units

18 April 2003
FAO Inc. saved as financing comes through
$30 million loan will enable toy retailer to emerge from bankruptcy possibly next week

16 April 2003
Smart growth essential, New Jersey governor tells ICSC Alliance meeting
Gov. James E. McGreevey pledges to ease inner-city, brownfield permit processes

16 April 2003
New York bill would open up shopping centers to demonstrations
ICSC opposes measure that would drive shoppers away and increase liability

14 April 2003
FAO may be forced to liquidate
Lenders pull bankruptcy emergence plan funding

10 April 2003
Same-store sales fall 0.2 percent in March
Year-on-year drop is first since1995

9 April 2003
Jones Lang LaSalle signs leasing, management deals
Firm expanding its Retail Group business

9 April 2003
FAO bankruptcy plan approved
Toy retailer closing 113 stores

8 April 2003
Fire breaks out at AOL Time Warner Center
Retail undamaged at $1.7 billion Manhattan project
UPDATED

7 April 2003
Phillips Edison closes on Aegis acquisition
$175 million deal expands Edison portfolio to 67 centers

6 April 2003
Spiegel puts Eddie Bauer up for sale
Apparel chain has closed 89 stores since March ’03 Chapter 11 filing

4 April 2003
Retail sales down as war continues
Bank of Tokyo report blames economy, 'CNN effect' for 1.4% same-store sales drop

4 April 2003
ECE to expand in Central Europe
German developer outlines plan at ICSC European Conference to build 12 projects

4 April 2003
Europe’s shopping centers a hot investment, experts say
Category likely to remain strong, attendees at ICSC European Conference hear

3 April 2003
CBL breaks ground on South Carolina super-regional
1.4 million-square-foot Coastal Grand–Myrtle Beach set to open in March 2004

3 April 2003
Federal Trade Commission OKs Sports Authority, Gart Sports merger
Deal would create largest specialty sporting goods chain in United States

1 April 2003
Pan Pacific sells Los Angeles mall
$68 million deal involves mall with unusual anchor — first three-story urban Wal-Mart

31 March 2003
Best Buy puts Musicland up for sale
Announcement follows closure of 110 stores

31 March 2003
Simon, Westfield extend deadline for Taubman offer
Less than 50 percent of total shares tendered so far

28 March 2003
Mills: Lawsuit won’t delay Meadowlands project
Rival bidder claims N.J. officials violated process

28 March 2003
Are REITs overvalued?
Retail sector faces challenges, speakers at ICSC mid-Atlantic meeting warn

27 March 2003
Judge spurns Kmart over leases
Retailer wanted more time to assume or reject closed-store leases

26 March 2003
Phillips Edison buys Aegis Realty
Deal expands Edison’s portfolio to 68 centers

25 March 2003
Media City Center, Burbank, Calif., sold
Mall goes to Crown Realty in $111 million deal

25 March 2003
Iraq war’s impact on sales said to be minimal
Warm weather, war's timing may have helped keep people shopping

25 March 2003
Retail REITs near 52-week high
Investors seek safe haven in retail real estate

21 March 2003
War will hit retail sales, experts warn
People home watching TV, not out shopping, they say

19 March 2003
U.S. House passes bankruptcy reform bill
Measure headed to Senate after overwhelming vote

18 March 2003
Malls can be made safe from terrorism, expert says
Prevention and response discussed at ICSC Security Conference

17 March 2003
Eddie Bauer parent Spiegel files for Chapter 11
About 250 store closings coming, analyst says

13 March 2003
Developers Diversified completes JDN acquisition
Shareholders approve $1 billion-plus, 96-center deal

12 March 2003
Ikea to join Mall of America expansion
Scandinavian home furnishings chain buys site from Simon

12 March 2003
Bankruptcy, Internet sales taxes top agenda at D.C. meeting
Congressional Contacts attendees also address ADA, endangered species with legislators today

12 March 2003
Concerns about war and economy raised at Carolinas conference
Sales down, but retail real estate fundamentals remain strong, delegates say

11 March 2003
Spiegel says it may file for Chapter 11 soon
Company could close about 250 Eddie Bauer stores, analyst warns

6 March 2003
February’s same-store sales increase 0.8 percent
Department stores, Sears, down, wholesale clubs up

6 March 2003
PREIT in talks to buy 'significant' mall portfolio
Company declines to identify other party

6 March 2003
Rouse sells six malls in Philadelphia area, buys share in another
$748 million deal with PREIT part of effort to upscale portfolio

5 March 2003
Mall wants trespassing charges dropped
Media, protesters descend on Crossgates Mall following arrest
UPDATED

5 March 2003
Taubman board again rejects Simon and Westfield’s offer
Move comes in response to suitors' appeal to independent board members

4 March 2003
February sees biggest same-store sales jump since April 2000
Retailers post 6.7% gain vs. February 2003

4 March 2003
Bankruptcy reform back before Congress
New bill presented to House subcommittee today

27 February 2003
Swerdlow to sell Great Mall of the Bay Area
Developer asking $280 million for the San Jose-area retail-entertainment project

25 February 2003
Illinois Alliance Program attendees discuss public-private collaborative urban development
This year's attendance is among meeting's highest since its conception

25 February 2003
Consultant: Look to consumers over 50 to buoy retail this year
Gift expert also tells Temporary Tenants Conference tax cut will put consumers in 'spending mood'

24 February 2003
Accounting scandal roils Royal Ahold
Shares plunge, top executives resign

24 February 2003
Consolidation good for industry, leading developers say
Tenants show brave face about mergers at ICSC’s Temporary Tenant Conference

21 February 2003
Taubman evaded shareholder vote on restructuring, Simon court brief claims
Move gave family power to block takeovers, document says
UPDATED

20 February 2003
The Sports Authority and Gart Sports to merge
New company will be largest U.S. sporting goods chain

19 February 2003
Taubman to file for Virginia Supreme Court reconsideration in Short Pump suit
Rival developer does not need $25 million 'incentive' bond, Taubman holds
UPDATED

18 February 2003
Taubman shareholders tender 85 percent of common stock to Simon and Westfield
But Taubman’s board still refuses to sell
UPDATED

14 February 2003
Kimco signs exclusive deal to market Kmart’s closed-store locations
Company also signs $400 million joint venture with GE Capital to buy Mexican centers

13 February 2003
Equity One closes on IRT Property acquisition
$430 million deal expands Equity One's presence in Southeast

12 February 2003
Mills chosen to redevelop New Jersey Meadowlands site
Plan involves $1.3 billion, 4.8 million-sf mixed-use complex

10 February 2003
Simon to buy Gordon Group's share of Forum Shops
$174 million deal follows Gordon's Jan. 13 ultimatum: Buy our stake or sell yours

7 February 2003
Big chains begin charging taxes for online purchases
ICSC-backed effort by states, developers to mandate tax collection continues

6 February 2003
January same-store sales rise 1.8 percent
Threat of war contributes to soft economy, says Bank of Tokyo-Mitsubishi

6 February 2003
Westfield and Forest City to build $380 million San Francisco project
Downtown center will combine historic Emporium building with new mall

5 February 2003
General Growth unveils $525 million development plan
But CEO Bucksbaum gives few clues about further acquisitions

4 February 2003
Developers to sell stake in mall at $1.7 billion AOL Time Warner Center
CalPERS, MacFarlane Partners to acquire 49.5 percent interest in New York City project

3 February 2003
Taubman to break ground by this fall on new Charlotte mall
1.2 million-square-foot NorthLake will cost $160 million

30 January 2003
Court rules in favor of Silverstein, Westfield over World Trade Center insurance
Terrorist attack on twin towers constituted two events, doubling compensation entitlement, judge says

28 January 2003
Top industry execs gather for first ICSC Leading Edge Conference
Impact of possible war with Iraq dominates opening sessions

27 January 2003
Drexler joins J. Crew as chairman and CEO
Retailer also gets former Old Navy EVP Jeff Pfeifle

22 January 2003
Wilsons to close 100 stores in cost-cut move
Leather chain’s December same-store sales fell 6.8 percent

22 January 2003
Canadian economy, consumer spending to keep growing, Whistler conferees told
Through 3Q '02, country's 4.4 percent GDP, retail sales stronger than the U.S.

21 January 2003
Wherehouse Entertainment files Chapter 11
Music retailer plans to close 120 stores

21 January 2003
Pan Pacific completes acquisition of Center Trust
California REIT gets 31 centers

21 January 2003
Taubman board nixes Simon’s bid again
Board recommends that shareholders reject $20 per share offer by Simon and Westfield

20 January 2003
Trizec to sell Hollywood & Highland for $200 million, reports say
Sale would end Trizec’s tenure as a retail landlord

16 January 2003
Developers Diversified, Lehman Bros. pay Trizec $113.5 million for Paseo Colorado
Deal leaves company with two remaining retail assets to sell

15 January 2003
Simon partners with Westfield America Trust in bid for Taubman
Bid raised to $20 a share; shareholders given Feb. 14 deadline to respond

14 January 2003
Kmart to close 326 stores
Company also says it will emerge from bankruptcy by April 30

14 January 2003
U.S. economy to improve in second half, National Retail Federation speakers predict
Holiday shopping could brighten this year if retailers 'innovate' and return to 'forgotten art' of merchandising

13 January 2003
FAO Inc. files for Chapter 11
Parent of toy retailers FAO Schwarz, The Right Start and Zany Brainy to close up to 80 stores

13 January 2003
Gordon Group seeks to sever ties with Simon, form partnership with Taubman
Gordon invokes buy/sell agreement in Forum Shops, marking latest twist in Simon-Taubman takeover struggle

9 January 2003
Best Buy closes 110 Sam Goody, Suncoast stores
Plummeting music and video sales blamed

8 January 2003
New Plan Excel acquires seven centers in Michigan
Expanding company spent $1.2 billion last year for 151 properties

7 January 2003
Five groups vying to build major L.A. downtown mixed-use project
Cost of 3.2 million-square-foot project could exceed $1 billion

7 January 2003
Westfield, Silverstein file appeal over World Trade Center insurance
Maintain Sept. 11 terrorist attack was two occurrences, not one, entitling them to bigger payout

3 January 2003
Holiday specialty store sales flat
Home furnishings up, video-music plummets

2 January 2003
Donahue Schriber Chairman Daniel Donahue dead at 60
California developer built Glendale Galleria, renovated Fashion Island; was a past chairman of ICSC

30 December 2002
Dallas Galleria changes hands
Hines sells last remaining retail property to UBS Realty Investors

30 December 2002
FAO Inc. to close up to 70 stores, including 55 Zany Brainy units
Parent company of toy chains negotiates concession from lenders

30 December 2002
NY Giants back Mills on Meadowlands
Team prefers Xanadu Meadowlands over two other proposals for Continental Airlines Arena redevelopment

30 December 2002
Westfield closes on Garden State Plaza, Fashion Square Sherman Oaks deal
U.S. affiliate of Prudential plc. pays $193.8 million for 25 percent share in New Jersey mall

26 December 2002
Federal Realty Investment Trust’s chairman, CEO, Steven Guttman resigns
Donald Wood appointed president and CEO as part of accelerated transition

24 December 2002
Sales weak the week before Christmas
Retail drops 5.8 percent compared with last year

23 December 2002
West Edmonton Mall owners settle lawsuit with ATB
Terms of agreement between Ghermezians, financial institution undisclosed

20 December 2002
Weingarten forms $238 million joint venture with AEW
Deal with investment firm helps Houston community center owner raise profile in South

19 December 2002
FAO Inc. raises specter of bankruptcy
Ease borrowing restrictions or else, toy parent company tells bank

18 December 2002
Westfield America to buy Southgate Plaza
Third-largest U.S. mall owner will pay $62 million for its fourth Florida center

17 December 2002
NYSE to delist Kmart
Exchange will remove troubled discount chain Dec. 19

16 December 2002
Simon calls for Taubman shareholder meeting
In latest takeover move, Simon wants vote on its offer, change in Taubman's charter

16 December 2002
Trizec says it has buyer for Paseo Colorado
Company expects to close on sale by early 2003, leaving it with just two retail properties

12 December 2002
Inland Retail buys nine centers for $160 million
Steadily growing company expects to close on $1 billion in acquisitions over next few months

11 December 2002
Taubman board says no again
Simon's $18-a-share offer rejected; CEO says REIT 'not for sale'
UPDATED

10 December 2002
Mills confirms it will buy seven centers, a share in two others
In strategy shift, company says it is looking to buy more

10 December 2002
Simon signs marketing deal with Coke
Developer’s agreement with Pepsi expires at end of year.

9 December 2002
Mills to buy six regional malls for nearly $700 million, report says
Purchase would represent departure from company’s typical value megamall strategy.

6 December 2002
Glimcher sells nine community centers for $94.3 million
Deal spotlights company's continued refocus on malls.

6 December 2002
November same-store sales decrease 0.1 percent
First time the month shows drop since same-store tracking began in 1970.

5 December 2002
Simon increases its offer for Taubman to $18 a share
Largest U.S. mall owner also sues Taubman board in takeover bid.

4 December 2002
General Growth buys San Francisco-area mall and closes on Glendale Galleria
Company is bullish on California, says CEO John Bucksbaum.

3 December 2002
Bear Stearns Merchant Banking buys Vitamin Shoppe chain
$300 million deal is firm's second retail buy in a week.

2 December 2002
Mall sales increase 7.6% over Thanksgiving weekend
Toys and sporting goods post strong sales along with home furnishings and jewelry.

2 December 2002
The strong need not fear Wal-Mart, say Wall Street analysts at ICSC NY Conference
But the megadiscount giant could spell trouble for food retailers, they warn.

26 November 2002
Bush signs Terrorism Insurance Act
The new law is designed to make terror insurance more accessible and affordable for developers.

25 November 2002
Konover shareholders approve its sale to Kimco, Prometheus
The acquisition expands Kimco’s portfolio to more than 600 centers.

21 November 2002
Planned shopping portion of new World Trade Center to grow to 1 million square feet
Westfield Holdings’ Lowy pledges to raise his firm’s role in the rebuilding plan.

21 November 2002
Malls back in favor, strips face perils
Wall Street executives make these and other observations at ICSC’s 2002 Retail Real Estate Capital and Finance Conference.

20 November 2002
Terror insurance bill heads to the White House
The legislation clears the U.S. Senate 86-11.

19 November 2002
Bankruptcy bill faces uncertain future
Some predict it will rise again in next year’s GOP-controlled Congress, but are unsure it will pass.

18 November 2002
Simon calls on Taubman board to sell, criticizes family for increasing its control
Meanwhile, Taubman shareholder files lawsuit demanding that bid be considered.

15 November 2002
House passes terror insurance bill
But bankruptcy reform gets voted down.

14 November 2002
West Edmonton Mall gets go-ahead for expansion
The world’s largest shopping center is about to get larger.

14 November 2002
Westfield to spend $5.6 billion on developments over next five to 10 years
The figure does not include possible future U.S. acquisitions, the company says.

14 November 2002
Simon may have to increase its bid for Taubman, analysts say
Wall Street is expecting more offers; will the Taubman family agree to a sale?

14 November 2002
Colorado Mills opens today
The new value megamall is more upscale than other Mills projects.

13 November 2002
Bulletin: Simon launches unsolicited bid for Taubman
Taubman says its board had previously rejected the offer.
UPDATED

12 November 2002
Moody's lowers Kimco rating
Ancillary business and Kmart vacancies are the reasons, rating agency says.

12 November 2002
Chelsea to buy four outlet centers from New Plan Excel for $193 million
The New York City REIT is shedding outlets and buying neighborhood centers.

11 November 2002
New Plan Excel to buy 58 centers from Equity Investment
The company says the $437 million deal will diversify its portfolio.

8 November 2002
October's same-store sales healthiest since June
Kohl's posts a gain of 18.3 percent for the month.

8 November 2002
Power centers regaining appeal as investments
Shortage of grocery-anchored centers is feeding demand, ICSC Texas Idea Exchange speakers say.

7 November 2002
Gap posts first same-store sales increase in two years
Retailer's sales are up 11 percent, with Old Navy leading the way.

6 November 2002
Palisades expansion voted down
Town had cited potential traffic problems from the 243,000-square-foot development.

6 November 2002
Pan Pacific to acquire Center Trust
Deal, valued at $600 million, would expand Pan Pacific's California presence.

5 November 2002
Palisades Center faces vote on use of space
Rare referendum shows 'good faith' between developer and town, observers say.

5 November 2002
Shaw’s to assume 18 Ames leases
$48.5 million deal will help grocer’s expansion in New England.

1 November 2002
First phase of $1 billion Fashion Show expansion, renovation opens today
Project adds more high-end retail and entertainment to Las Vegas Strip.

31 October 2002
GE Capital and Heitman buy 13 Polish malls
Consortium seeks to further expansion in Eastern Europe.

30 October 2002
Kimco closes on two Mexican centers
Developer seeks more, pursues partnership with GE Capital.

29 October 2002
Equity One plans to purchase IRT Property Co.
Deal would give company 80 Florida centers.

29 October 2002
General Growth to buy Glendale Galleria
Company enters joint venture with institutional investor in $415 million deal.

28 October 2002
Taubman gets full ownership of Dolphin Mall
Company buys remaining stake from Swerdlow, settles lawsuits.

24 October 2002
Landlords brace for further Kmart closings
Discount retailer could shut 500 more stores by mid-2003, analyst says.

22 October 2002
Glendale Galleria finds a buyer
L.A. super-regional's purchaser could be announced in early November.

22 October 2002
Meadowlands property owner hears proposals today for arena redevelopment
Forest City Ratner, Mills, Triple Five and Westfield America compete for project.

18 October 2002
Terrorism insurance bill takes a step forward
Conference committee informally agrees on bill.

18 October 2002
Ground-breaking on DestiNY USA set for Thursday
Plans call for massive retail entertainment project rivaling Mall of America.

18 October 2002
Mall at Millenia opens today
Center brings upscale retail to Orlando area.

16 October 2002
CBL and Colonial open Parkway Place today
Dillard’s and Parisian anchor regional mall.

15 October 2002
Report: Shopping center vacancy rates stable, rents increase
Store expansion has been good for landlords, but may pose problem for retailers, report says.

11 October 2002
Sniper attacks curb retail
Shoppers avoid suburban D.C. open-air centers, gas stations, officials say.

11 October 2002
September same-store sales ‘anemic’
Analyst predicts tough holiday season.

9 October 2002
West Coast ports expected to reopen today
Judge issues injunction ordering return to work.

8 October 2002
Bush orders injunction to reopen West Coast ports
Cites need for stronger action to resolve dispute.

8 October 2002
Robust retail spending may slow, Canadian Convention attendees told
Analyst predicts softening demand for big-ticket items.

7 October 2002
President Bush intervenes in West Coast ports dispute
Issues executive order forming board to look into situation.

7 October 2002
Retail in fire-damaged portion of Santana Row won’t open until 2003
Most other retailers to open Nov. 7.

7 October 2002
Developers Diversified Realty, JDN Realty merge
Under Developers Diversified name, company will own, manage 442 centers.

2 October 2002
West Coast ports closure will harm retailers and economy, observers warn
Retail organizations, political leaders ask Bush to order return to work.

2 October 2002
Bush issues Friday deadline for terrorism insurance bill
But question remains whether Congress will deliver.

1 October 2002
Wal-Mart plans 48 million-square-foot worldwide expansion next year
Retailer to open between 200 and 210 new Supercenters in the United States alone.

27 September 2002
Westfield says it remains covered for WTC loss, despite court ruling
Judge said terrorist attack on twin towers constituted one event, not two, reducing amount of potential compensation.

26 September 2002
Gap names former Disney exec Paul Pressler president and CEO
New chief replaces legendary Millard S. Drexler, who engineered retailer's spectacular growth.

26 September 2002
Analysts predict a moderate holiday sales increase this year
But war with Iraq could change all that, they caution.

24 September 2002
Lowe’s to launch 60-store, $1 billion NYC expansion
Home improvement retailer to open two stores in area this week.

24 September 2002
General Growth returns to Des Moines area
Breaks ground for $200 million mall near where company was founded in 1954.

20 September 2002
Developers submit plans for New Jersey arena redevelopment
Project could give Mills break in long-frustrated ambition to build near New York City.

18 September 2002
Outlet developer McArthurGlen breaks with BAA
Partnership built some of Europe's leading outlet centers.

18 September 2002
Back-to-school sales hurt by heat, low interest rates on autos
Department stores, apparel retailers hit especially hard.

17 September 2002
Eddie Bauer challenges report’s prediction of drastic store closures
Retailer says it plans to shut fewer stores in 2003 than the 43 it closed this year.

17 September 2002
Edens & Avant, Samuels closing on portion of Konover portfolio
Companies buying 36 grocery-anchored centers in Northeast.

13 September 2002
Developers Diversified to buy JDN Realty, analysts say
Acquisition would add more than 100 community centers to company’s portfolio.

13 September 2002
Bankruptcy bill vote delayed
Abortion clinic clause worries GOP leaders, raising doubts legislation will be acted on this session.

13 September 2002
Eddie Bauer could close more than half its stores, Morgan Stanley says
Sales decline could lead to 300 closings, according to report.

11 September 2002
Australian company expands partnership with Regency Centers in $127.4 million deal
Jacksonville, Fla.-based landlord now owns 16 grocery-anchored centers with Macquarie CountryWide Trust.

9 September 2002
RioCan buys four more Canadian centers
Deal marks 40th acquisition this year, as Canadian REIT and Kimco put another $64 million into partnership.

5 September 2002
Glendale Galleria for sale
Center could sell for more than $400 million, some predict; Westfield, Macerich possible suitors.

3 September 2002
Glimcher Realty sells 13 retail assets
Company plans to shed nine more to pay off debt and focus on regional malls.

29 August 2002
New date set for Santana Row opening
Fire-ravaged Federal Realty development to open Nov. 7.

28 August 2002
Shareholders approve Malan Realty liquidation
Hit by Kmart bankruptcy, company puts 52 properties on the market.

28 August 2002
Several developers eye Jones Lang LaSalle assets
General Growth, Urban Retail said to be seeking its management contracts.

27 August 2002
Jones Lang LaSalle looking to sell assets
Company manages 36 million square feet of U.S. retail property.

27 August 2002
General Growth buys four centers in $634 million joint venture deal
Company teams with Illinois pension fund.

23 August 2002
Trizec names new president and CEO
Timothy Callahan, a former Equity Office Properties CEO, to take the post.

21 August 2002
Benjamin Thompson, architect of festival marketplaces, dies
Innovator designed Rouse Co.’s Faneuil Hall, Harborplace and other prominent projects.

20 August 2002
Fire destroys a portion of Santana Row
Federal Realty Investment Trust assessing future of the downtown San Jose mixed-use project.

19 August 2002
ICSC Florida Conference attracts nearly 3,000
Retail development thriving in state, delegates say.

14 August 2002
Ames to shut its doors
Discount store chain closing its 327 remaining locations.

14 August 2002
ABRASCE conference speakers agree marketing is king
Marketing budgets for Brazilian regional malls exceed the U.S.

13 August 2002
ABRASCE conference focuses on Brazilian economy
Growth can reach 10 percent yearly, economists say, but much depends on next government.

12 August 2002
ICSC, ABRASCE co-coordinate Americas conference in Brazil
São Paulo mayor calls for entrepreneur partners to help remake the city.

12 August 2002
Mills names Napoli president
Former Simon leasing executive will head operations.

9 August 2002
Same-store sales rise 2.6 percent for July
But increase is down sharply from June, even for Wal-Mart.

8 August 2002
RioCan buys 10-center portfolio
Canadian REIT has purchased 36 centers so far in 2002.

8 August 2002
Gap U.S. names new president
Former head of Banana Republic to lead struggling flagship brand.

7 August 2002
Prime Retail strikes $118.7 million deal on six centers
Debt-laden REIT obtains new loan from GMAC.
UPDATED

6 August 2002
Mills seeks to expand Sawgrass project
Broward County approves plans to add 550,000 square feet of retail to center.

31 July 2002
Macerich completes $1.5 billion acquisition of Westcor
Company’s portfolio grows to 58 million square feet.

30 July 2002
Kimco looking to enter Mexico market
REIT hopes to purchase at least two shopping centers by end of the year.

29 July 2002
Bankruptcy reform bill delayed in House
Supporters hope it passes the Senate this week.

26 July 2002
House could vote today on bankruptcy reform bill
ICSC supports legislation that would put time limit on tenants’ lease-breaking decisions.

25 July 2002
Sephora pulling out of Rockefeller Center
Could exit presage more closures for retailer?

24 July 2002
Mills buys Cincinnati’s Forest Fair Mall
REIT to undertake a redevelopment for the first time.

22 July 2002
Marks & Spencer sells Kings Super Markets to D'Agostino
Deal marks British firm's complete exit from U.S. retail market.

18 July 2002
Retail opportunities and challenges outlined at Mexico City meeting
Speakers at ICSC's first Mexico and Central America Business Forum pinpoint region's potentials - and pitfalls.

17 July 2002
Westfield keeps eye on plans for WTC redevelopment
Mall REIT says it is pleased with six initial designs for site.

12 July 2002
Retailers post 5.1 percent June sales hike
Analysts say same-stores increase bodes well for coming months.

12 July 2002
General Growth closes on JP Realty acquisition
$1.1 billion deal is second-largest in Chicago developer’s history.

11 July 2002
Kmart could face delisting from New York Stock Exchange
Discounter's share price has stayed below benchmark $1 level for past month.

11 July 2002
Money-losing MerchantWired scrapped
Simon, Taubman, other partners fail to find buyer for Internet services venture.

9 July 2002
U.S. federal agents sweep through mall kiosks in terrorism probe
FBI officials investigating whether there are links between jewelry tenants and Al Qaeda network.

8 July 2002
Prime Retail staves off bankruptcy
Outlet development REIT obtains extension on loan principal repayment.

3 July 2002
Work begins on Hollywood retail-residential complex
Sunset & Vine is latest urban project involving Magic Johnson Development.

27 June 2002
Mills breaks ground on $250 million St. Louis value megamall
Project marks debut of marketing venture with PBS.

26 June 2002
Chicago picks Mills Corp. for urban redevelopment project
Company plans mixed-use project with retail and entertainment component.

26 June 2002
Simon teams with Chelsea to build Las Vegas factory outlet center
Las Vegas Premium Outlets is second joint venture for the two firms.

25 June 2002
Konover Property Trust agrees to be sold
Company will be split between Lazard subsidiary and Kimco.

21 June 2002
Simon Property Group to join S&P 500
Firm is first retail REIT to be added to the listing.

18 June 2002
Senate passes terrorism insurance bill
Measure must now be reconciled with House version.
UPDATED

18 June 2002
Kmart lease auction completed
Developers Diversified challenge fails.
UPDATED

17 June 2002
Malan sells 15 properties
Crippled by Kmart bankruptcy, developer negotiating sale of an additional 17 centers.

13 June 2002
Macerich buys Trizec’s last traditional mall
Santa Monica REIT pays $152.2 million for The Oaks.

12 June 2002
Federated finds buyer for Fingerhut assets
Money-losing catalog outfit to change hands in two weeks.

6 June 2002
Same-store sales rose 3.4 percent in May
But department stores, apparel retailers recorded a drop.

6 June 2002
Deal to sell MerchantWired falls through
Technology venture to be sold or shut down by July.

4 June 2002
Industry leaders upbeat on real estate outlook
Panelists attending NAREIT event cite solid management teams, better investor knowledge.

3 June 2002
Marks & Spencer close to selling King supermarkets
Deal will mark struggling British retailer's exit from the United States.

31 May 2002
Macerich buying Westcor for $1.5 billion
Deal ends contest involving industry’s leading companies.

30 May 2002
Crown American issuing 5.8 million shares
Move follows firm's unsuccessful attempts to find a buyer.

28 May 2002
Industry observers say Macerich close to acquiring Westcor
But GGP and other contenders could still snatch the prize at eleventh hour, analysts note.

28 May 2002
Kmart loses $1 billion, may miss bankruptcy emergence target date
Discounter blames loss on sharp reduction in customers.

20 May 2002
Outlook for retailing good, panelists report
Improvements in merchandise selection and efficiencies paying off, analyst says.

20 May 2002
Convention Report: Mayors underscore importance of public/private partnerships
We need each other, officials, developers say.

19 May 2002
ICSC’s 45th Spring Convention opens
Thousands gather in Las Vegas for retail development industry’s biggest annual event.

17 May 2002
Chelsea to build outlet centers in Mexico
Joint venture with Mexican firm may be first such U.S.-Mexico project, Chelsea said.

15 May 2002
GE Capital nets 59% of Regency in Security Capital deal
Analysts speculate whether GE will buy remaining shares or sell majority stake.

13 May 2002
Sears to buy Lands’ End in $1.9 billion deal
Direct-market retailer will run Sears’ catalog, Internet operations.

9 May 2002
Weather, calendar quirk weaken April same-store sales
March, April combined up 4 percent.

9 May 2002
Fingerhut deal falls through
Cataloger to cease trading; parent company Federated to sell assets.

8 May 2002
TrizecHahn completes restructuring
Canadian retail real estate firm re-emerges as U.S. office REIT.

7 May 2002
IRS issues rules for taxpayers claiming depreciation benefits
New law allows owners to claim additional 30 percent first-year depreciation deduction.

7 May 2002
Winn-Dixie exiting Texas and Oklahoma
Decision affects 76 stores.

7 May 2002
Rodamco North America: It's a deal!
Rouse, Simon, Westfield acquisition finalized.

3 May 2002
Possible N.J. arena deal for Mills could break Meadowlands deadlock
Proposed land swap would let developer build mixed-use project near New York City.

1 May 2002
Mills, Simon end joint venture
Simon sells its shares of five value megamalls in $430 million deal.

30 April 2002
Wilmorite, Alaska Permanent Fund buy Tysons Corner Center
Transaction ends L&B Realty’s association with mall.

29 April 2002
Kimco’s first-quarter results hurt by Ames bankruptcy, Kmart closings
Occupancy dips, but company aggressively negotiating replacements.

26 April 2002
Jean-Louis Solal Awards honor European center marketing
Entries mirror conference theme: 'Retailing in a New World Order'

26 April 2002
ICSC presents European Shopping Centre Awards
Trend seen toward larger, in-town projects.

26 April 2002
European Conference speaker expects more cross-border financing
Jones Lang LaSalle's Bloxam foresees heavy investment in southern Europe.

25 April 2002
Deutsche Bank closes on RREEF parent purchase
Deal makes company world's largest adviser of combined real property and real estate equity securities.

25 April 2002
Shopping center terror threat could be ploy to sow fear, FBI says
Information comes from Al Qaeda suspect, according to internal memo.

24 April 2002
Competition to buy grocery-anchored centers stiffens
Prices are up, opportunities down, say delegates to ICSC’s Mid-Atlantic Idea Exchange.

24 April 2002
Supreme Court: Development restrictions do not add up to a government ‘taking’
Justices deal blow to property rights movement.

22 April 2002
Simon to expand Forum Shops again
Upscale center with highest sales per square foot in U.S. to grow to 700,000 square feet.

18 April 2002
New York retailers recovering from Sept. 11 fallout
Officials from top Manhattan retail destinations talk about successes.

18 April 2002
Rodamco buyers affirm plan to retain Urban Retail Properties
But Simon, Rouse and Westfield say they will manage former Rodamco malls themselves.

17 April 2002
Hines puts Dallas Galleria on the block
Mall is company's last remaining retail asset.

16 April 2002
Ikea opening major mall in Moscow
Swedish Home furnishings retailer says center will be Russia's largest.

11 April 2002
Industry lauds call by President Bush, labor leaders for government terror insurance support
Supporters notch up pressure on U.S. Senate to pass bill.

11 April 2002
March same-store sales rise 6.4%
But the gain is inflated by the ‘Easter shift.’

10 April 2002
Kmart, Penske settle dispute over shuttering of auto service centers
Penske also clarifies prior statement on 700 additional Kmart closings.

9 April 2002
General Growth Properties buys real estate company in Hawaii for $250 million
Latest in series of acquisitions nets it 1.3 million square feet of office, retail space.

8 April 2002
Ross Glickman named Urban Retail Properties’ CEO
Deal putting company under Rouse, Simon, Westfield ownership to close May 1.

4 April 2002
Simon and partners selling MerchantWired
Future of tech venture in doubt.

27 March 2002
Simon signs terrorism insurance deal for entire portfolio
Separate $100 million policy covers Mall of America, settling dispute with GMAC.

27 March 2002
The Museum Company reaches deal to sell stores
San Francisco Music Box, Museum to operate locations jointly.

25 March 2002
Shareholders approve Rodamco deal
Overwhelming majority favors sale to Westfield, Simon and Rouse, despite objections, lawsuit.

22 March 2002
Dutch court finds 'mismanagement' on Rodamco's part
But Monday's shareholder meeting on company's sale to go ahead.

20 March 2002
Malan seeks to liquidate, citing Kmart bankruptcy
Company has second-highest exposure to discounter among REITs.

19 March 2002
Court rules shareholder vote on Rodamco's sale can proceed Monday
Charges of mismanagement to be considered Friday.

18 March 2002
Developers Diversified Realty and partners buy Service Merchandise designation rights
Joint venture pays $235 million for right to dispose of 227 sites.

18 March 2002
Konover Property Trust receives buyout offer while Konover & Associates plans to sell 40 centers
Unrelated bids come from separate parties, executives say.
UPDATED

14 March 2002
Albertson's exiting some Southern markets
Grocer to close 116 stores in Tennessee and Texas.

13 March 2002
Westfield resolves World Trade Center insurance dispute
Insurance provider on company’s U.S. portfolio will pay up to $55 million.

11 March 2002
Report: Federated and May in merger talks
Other department store consolidation on the way, analysts say.

8 March 2002
Kmart to close 283 stores
Developers report impact as chain releases list of closings.

8 March 2002
Streets at Southpoint, Prescott Gateway open today
Both malls, one in North Carolina, one in Arizona, are hybrids.

7 March 2002
February same-store sales rise 6.2%
Recovery is truly here, industry analysts say.

5 March 2002
Is General Growth eyeing Westcor?
Westcor has hired recapitalization adviser and is on the block, analysts say.

4 March 2002
General Growth buys JP Realty for $1.1 billion
Deal, financed by some capital raised for failed Rodamco bid, gains company 18 regional malls.

1 March 2002
Terror insurance dilemma hits Mall of America owner
Lender claims agreement requires coverage, prompting more calls for government intervention.

27 February 2002
ICSC Spring Convention program finalized
H. Lee Scott Jr., Wal-Mart Stores president and CEO, will deliver address.

27 February 2002
Rodamco deal not in jeopardy say officials, analysts
Sale will go through, despite shareholder lawsuit claiming price is too low and executive payments are too high, companies say.

25 February 2002
Dutch court blocks vote on Rodamco North America sale
Group representing small shareholders argues price is too low.

22 February 2002
Spiegel Group to close 45 Eddie Bauer stores
Company also selling off its credit card business.

20 February 2002
Sears abandons Eatons revitalization plan
Company to absorb seven stores into its own chain, record $40 million charge.

19 February 2002
ICSC helps form terror insurance lobbying coalition
Without government underwriting, developers face problems insuring and financing projects, group warns.

14 February 2002
Developers Diversified Realty completes joint venture transactions
Deals consolidate ownership of two centers, refinance eight others.

12 February 2002
Bankrupt garden supply chain becomes latest client for Kimco’s Retailer Property Solutions
Frank’s Nursery & Crafts to borrow $30 million to keep 170 units in operation.

8 February 2002
Kimco/GE Capital joint venture buys majority interests in 11 Rouse properties
Columbia, Md.-based developer to use proceeds to buy Rodamco North America malls.

7 February 2002
Chain stores post 5.2 percent same-store sales gain in January
Results indicate strongest performance since April 2000.

7 February 2002
The Museum Company closing eight stores
Flagships and frugality don't mix, retailer says, as it works on profitability plan.

6 February 2002
General Growth, announcing 12.2% FFO growth, declares intent to buy properties this year
Strategy would use money raised for failed Rodamco bid.

1 February 2002
Staples to close 30 stores
But chain reports it still plans to open 120 stores worldwide this year.

31 January 2002
7-Eleven plans to shutter up to 120 stores
Chain also expanding food and telecommunications services.

30 January 2002
TrizecHahn announces $285 million write-down
Move prompted by problems with several assets, including Hollywood & Highland and Desert Passage.

29 January 2002
Charming Shoppes closing 207 stores
Women’s clothing chain will convert 44 other locations to Lane Bryant banner.

28 January 2002
Toys R Us to close 64 older format stores
Retailer to record $237 million in pretax charges.

25 January 2002
Canada could avoid recession
But tough times still lie ahead for retailers, warn speakers at ICSC Whistler Conference.

24 January 2002
Kimco/RioCan joint venture expands portfolio
Partnership buys another Canadian center and plans to purchase four more in coming weeks.

24 January 2002
New Plan Excel conducting 6 million share public offering
Neighborhood and community center developer to raise more than $111 million.

22 January 2002
Kmart files for bankruptcy protection
Ailing discounter lays out plan to emerge in 2003; seeks court approval to terminate 350 leases on closed stores.

18 January 2002
Stop & Shop enters agreement to buy Big V Supermarkets
Royal Ahold-controlled chain aims to grab 27 stores in $255 million deal.

15 January 2002
The Museum Company becomes one of the first retailers to file for bankruptcy in 2002
Chain proposes reorganization but has not announced plans to close any of its 104 stores.

14 January 2002
New Plan Excel buys CenterAmerica for $654 million
Deal will give New York City developer second-largest community/neighborhood center portfolio in U.S.

14 January 2002
Westfield, Simon and Rouse agree to buy Rodamco North America
Deal ends a months-long struggle for the Dutch shopping center owner.

10 January 2002
December same-store sales up a better-than-expected 2.3%
Retail chain stores see year-end 2.6% growth — thanks to Wal-Mart.

8 January 2002
Sears to open 15 stores this year, and remodel 50
New locations are just part of larger makeover for rebounding retailer.

4 January 2002
Service Merchandise shutting down
Chain is closing more than 200 stores by September.

4 January 2002
Kmart stock continues slide after Prudential downgrade
Developers assess potential impact of a future bankruptcy.

2 January 2002
Inland Retail Real Estate buys eight shopping centers from Thomas Enterprises
$316M transaction strengthens Inland’s foothold in Southeast.

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		ICSC International Council of Shopping Centers Serving the Global Retail Real Estate Industry

ICSCInternational Council of Shopping CentersServing the Global Retail Real Estate Industry

ICSC
International Council of Shopping Centers
Serving the Global Retail Real Estate Industry