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January 27, 2016 FORWARD | ADVERTISE

Simon joins Ivanhoe Cambridge in Edmonton

Simon and Canadian real estate company Ivanhoé Cambridge said on Jan. 20 that they are teaming up to develop Premium Outlet Collection – Edmonton International Airport. IC has been working on the project since early 2014, planning to make the new center its second Outlet Collection. The first, Outlet Collection at Niagara, opened in May 2014 in Ontario. The 428,000-sf enclosed outlet center... more >>

Equity firm buys KKR’s interest in Legends Outlets Kansas City

Walton Street Capital, a Chicago-based private equity fund manager, said on Jan. 12 that it has acquired from KKR & Co. the controlling interest in the Legends Outlets Kansas City (Kan.). The purchase price wasn’t available, but KKR paid $131.5 million for the property in 2013 after winning a bidding war. The other strong suitors at that time included Macerich, Craig Realty Group and... more >>

Tanger sells Florida center to local buyer

A Tanger outlet center in Fort Myers, Fla., was sold on Jan. 12 to Dahlmann Properties for $26 million. The cap rate was 7 percent. Steven B. Tanger, president and CEO, said the sale is the seventh time over the last year that Tanger has sold a non-core asset. "We believe that pruning the portfolio of assets that, while productive, may no longer meet our long-term growth objectives,... more >>

Majestic sets course into outlet development

Majestic Realty, a 68-year-old development, leasing, construction and management company, plans to enter the outlet business by opening Los Angeles Outlets on property it owns in Southern California. Although Majestic has a 72 million-sf portfolio of power centers and industrial, office, entertainment and hospitality properties, it is new to the outlet business. To help move forward a... more >>

New York & Co. plans to expand outlet channel

New York & Company reported 3Q sales of $220 million, up 4.5 percent and up 4.9 percent on a comp store basis, driven by new store openings, outlet conversions and expanded omnichannel capabilities with full ship-from-store capabilities. In 2015 the 98-year-old retailer opened eight New York & Company Outlets and converted 12 full-price stores to outlet. The company started the year... more >>

By the Numbers:

According to VRN’s exclusive research, as of Jan. 1, 2016, 54 outlet projects were in various stages of planning and development; 45 are phase 1 projects – nine are expected to open this year – and eight are full-price centers that are converting to outlet; another phase 1 project will be a value megamall with considerable outlet tenancy. more >>


“If you look closely at certain manufacturers’ made-for-outlet goods, the cut of the fabric is in fact different for the outlet stores. They have enough information about how customers’ size and taste preferences differ that they’re able to make those sophisticated adjustments. In a sense, [outlet] customers are getting more of what they want, because the products fit better.” – Nick A.... more >>

VRN Spring Outlet Retail Deal Making

Thursday-Friday, February 11-12, 2016 Loews Pacific Resort Orlando, Fla. Earlier this year! VRN Spring Outlet Retail Deal Making will return to Loews Pacific Resort Orlando, Fla., Thursday-Friday, February 11-12, 2016. The outlet center industry's must-attend spring event. Register now and save: click here. more >>

ICSC European Outlet Conference

Tuesday, March 22, 2016 Business Design Centre London Brands, retailers, landlords and developers come together for this one-of-a-kind event: Representing Europe's more than 150 outlet centers operating from Ireland to Dubai and from Portugal to Russia. Dozens of new projects and expansions. Ownership changes and new joint ventures. Save the Date: Tuesday, March 22, 2016 at the Business... more >>

ICSC Retail Connections 2016

Wednesday, March 23, 2016 Business Design Centre London Only in Europe, a must for global retail real estate professionals: Retailers and developers meet in the biggest and best pure deal making event for shopping center leasing. Save the Date: Wednesday, March 23, 2016 at the Business Design Centre, London. Full details coming soon click here. more >>

Global Outlet NewsBrief: 10,931 subscribers via email

As the outlet center industry sustains its expansion in the U.S. and around the world – adding more than 5 million sf of retail GLA annually – VRN editors provide your every-other-week digest of developments, expansions, staff moves, retailer news, data and analysis. Global Outlet NewsBrief can also be your direct email channel to more than 10,000 fully engaged outlet industry insiders.... more >>


Duke Ratliff
Managing Editor
+1 646 728 3570

Natasha Reed
Editorial/Production Assistant
+1 646 728 3558


Sally Stephenson
Director of National Accounts,
Outlets and Specialty Leasing
+1 847 835 1617

Michael Belli
Business Development
+1 714 313 1942

Amie S. Leibovitz
Business Development
+1 773 360 1179


Sheila Charton
Business Development
+1 646 728 3545


Global Outlet NewsBrief is an ICSC bulletin produced by Value Retail News and the International Outlet Journal. To subscribe to the Global Outlet NewsBrief, please email

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