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Industry News

Industry News - Today

New owner to convert iconic Horton Plaza to mixed-use

Horton Plaza, the iconic downtown San Diego shopping center opened in 1985 by mall pioneer Ernest Hahn, is to be redeveloped into a mixed-use center with offices and ground-floor retail and restaurants, according to published reports.

Industry News - Today

Retail sales grew a strong 4.7 percent last week

Same-store sales at U.S. retailers grew by 4.7 percent for the week ended June 16, according to Econoday's Redbook. This is 0.4 of a percentage point more than the previous week's growth.

Industry News - Today

Tax law typo raises tenant build-out costs

The recently passed tax law was supposed to allow retailers and restaurants to immediately write off the cost of improvements and build-outs, instead of stretching the deductions over a decade. But that provision was accidentally left out of the final version. Worse, the omission and another error have resulted in a far higher tax burden.

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