Property Types Retail
Commission to Consider Lavonia Mall Redevelopment Plan
July 3, 2008

With most of Livonia Mall's tenants having negotiated lease terminations, the road has been paved for a massive remake of the shopping center just outside of Detroit, Mich., and the Livonia Planning Commission intends to give the plan the once-over on July 15, according to Crain's Detroit Business. Livonia Phoenix L.L.C.--a team consisting of Konover South, Grand Sakwa Properties and Lormax Stern Development Co.,--acquired the 46-year-old enclosed mall in May. Site plans for the project detail 320,000 square feet of retail space divided among several structures surrounded by green space and walkways. If the Planning Commission, which is scheduled to vote on the project July 22, gives the green light, Livonia Phoenix will then seek the approval of the Livonia City Council.


 
Recent Retail Headlines
Financing Closes for New Jersey Retail/Office Center
Sept. 05, 2008
The 185,000-square-foot office and retail property at 2143 State Route 35 in Holmdel, N.J., has been financed to the tune of $17.4 million.
Gramercy Taps Carlton to Auction 74 Bank, Retail Assets
Sept. 04, 2008
Carlton Advisory Services Inc. has taken on the role of exclusive sealed bid advisor for the disposition of 74 former bank branch and retail properties on behalf of Gramercy Capital Corp., which operates its commercial real estate business under the name Gramercy Realty.
Retail Risk Trails Other Sectors in CCIM Survey, But Roots Remain Strong
Sept. 04, 2008
The return and value of retail assets has recently slipped relative to other categories, according to a recent survey of CCIM designees and candidates. Given consumer worries about high prices and the burdens facing retail tenants, the survey results come as no surprise, said Kenneth Riggs, president & CEO of Real Estate Research Corp.
Target to Open Four Pop-Up Stores in New York
Sept. 04, 2008
Minneapolis-based Target Corp. announced that it is launching Bullseye Bodegas, four pop-up stores in New York that celebrate the retailer's designer partnerships.
General Growth Pays Down $391M in Short-Term Debt
Sept. 04, 2008
As part of its ongoing effort to deal with some $18.4 billion in debt that's scheduled to come due over the next three-and-a-half years, Chicago-based General Growth Properties has completed the repayment of $391 million in near-term mortgage loans.
 

 

Fults to Start New Firm in Dallas
September 05, 2008
By: Tonie Auer, Southwest Correspondent --Despite a flat Dallas real estate market, Tracy Fults took a leap of faith in the creation of his new real estate firm of Fults Commercial, following in the footsteps of his late father and...

184-Acre Bioscience Park Breaks Ground on Former Army Site
September 05, 2008
By: Tonie Auer, Southwest Correspondent --Construction began Wednesday as part of the transformation of the former Fitzsimons Army Medical Center in Aurora, Colo., for the 184-acre business park called Colorado Science + Technology Park at Fitzsimons. The project is being...

Chartwell to Buy Out Seniors Housing JV
September 05, 2008
By: Scott Baltic, Contributing Editor --Residences Melior, an affiliate of Groupe Melior, of Montreal, has exercised its right under a joint venture agreement with Chartwell Seniors Housing REIT to sell to Chartwell the remaining 50 percent interest owned by Melior...

Gaylord to Develop Convention/Resort Facility in Mesa
September 05, 2008
By: Dees Stribling, Contributing Editor --Gaylord Entertainment has inked a deal to buy a parcel of land at the Mesa Proving Grounds in Mesa, Ariz., for the development of a resort and convention center. The development will occupy about 100...

REal Talk with Adam Perrotta-Wednesday
September 03, 2008
By Adam Perrotta, News Writer --While Manhattan's Downtown and Midtown South office submarkets have recently been billed as havens for smaller tenants looking to avoid the sky high rents of Class A Midtown space, such firms may still be able...

Expectation Alignment Key to 'Promise Management'
September 05, 2008
by Mike Myatt, Chief Strategy Officer, N2growth --The art and science behind making commitments and managing expectations has always been a critical skill set for senior executives and entrepreneurs to master. In fact, understanding how to come out on the...

It's All In The Message
August 29, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Top CEOs understand the power, influence, and leverage created by great messaging. Do you ever find yourself sitting back and marveling at those chief executives who always seem to have the right thing...

Do You Have A Bad Attitude?
August 22, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Show me a CEO with a bad attitude and I'll show you a poor leader. While this sounds simple enough at face value, I have consistently found that one of the most often...

Is Family Business a Good Idea?
August 15, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Oh what a conundrum! Family business: Should I, or shouldn't I? In my opinion there really isn't a right or wrong answer to this question. It is simply a matter of personal preference....

What to Do When Marketing Goes Wild
August 08, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Have your company's marketing initiatives wandered astray? Is the proverbial tail starting to wag the dog with respect to your current marketing campaigns? How do you know when marketing is out of control?...