News

Quintard mall bucking recession, competition

Anniston, AL - Despite the challenges of growing competition and an economic recession, the Quintard Mall is not shrinking, but expanding its retail offerings.

The Oxford mall is in the middle of a year-long, $2.35 million revitalization plan designed to bring in more retail businesses and keep shoppers from spending their money elsewhere. Read more...

Outdoor malls on bearish ‘buy’ list

Ontario, Canada - There’s a flurry of sales happening at Canada’s outdoor malls, and it has nothing to do with back-to-school savings.

The malls themselves are being snapped up by investors who crave the steady returns generated by shopping centres with large tenants such as Wal-Mart, Canadian Tire and major grocery chains. Read more...

Smoking goes electronic: Hey, buddy, got a plug-in?

East Wenatchee, WA — It wasn’t smoking’s devastating health effects or its wallop to the wallet that sent Brian Adkinson searching for the perfect product to puff.

The 35-year-old owner of The UnSmoker, an online business with a kiosk in Wenatchee Valley Mall, hated the pariah-like aspects of being a smoker — being banned from public places and forced to go outside in cold, wind, rain and snow to light up a favorite Camel Light. Read more...

Simon Property Completes Mall Acquisition

Indianapolis, IN - Shares of Simon Property Group (SPG) rose 1% on Tuesday after the real estate investment trust completed its latest acquisition.

Simon Property Group, the largest mall owner in the U.S., said late Monday it completed its $2.3 billion acquisition of 21 outlet shopping malls from Prime Outlets Acquisition. Read more...

Electronic cigarette provides smokeless alternative

Grand Junction, CO - As smoking becomes more and more socially unacceptable in public, and more expensive, many smokers are looking for alternatives to traditional cigarettes.

The new Colorado E-Smokes kiosk at Mesa Mall is providing that alternative in the form of an electronic cigarette. Read more...

British Columbia witnesses largest open-air mall sale in Western Canada to-date in 2010

Vancouver, Canada - Avison Young, Canada's largest independently-owned commercial real estate services company, announced today that it has negotiated British Columbia's largest open-air mall retail investment transaction in Western Canada thus far in 2010.

Grosvenor Americas and its institutional investors have sold South Point Exchange shopping centre (3033-3191 152nd Street) in Surrey, BC to a Canadian private investor for $91 million. Read more...

Big sales from tiny shops

AnnaMack Hardison opened her handmade gifts kiosk, Mama Always Said, in January 2010. Her tiny kiosk sits in the upscale, Denver-area Park Meadows Mall. Read more...

Perfect weather sparks New England tourism rebound

Old Orchard Beach, ME - Months of perfect weather in northern New England have helped the region's tourism industry rebound from a dismal 2009, but consumers still wary of the economy have been tight with their money and shopping for bargain-basement prices. Read more...

Outlet mall draws shoppers and a buyer

Birch Run, Michigan -- With school starting in just about a week, parents across Mid-Michigan are shopping for school items.

New stores like Toys 'R' Us Express and Esprit, known for its youth and fashionable style, had their soft grand opening.

Kids and parents could be found shopping and arguing about what to buy. Read more...

New Nordstrom Store in Macerich Mall

Santa Monica, CA - The Macerich Company (MAC - Analyst Report), a leading real estate investment trust (REIT), has recently announced the opening of a specialty fashion retail store by Nordstrom Inc. (JWN - Analyst Report) in Santa Monica Place, a shopping mall in Santa Monica, California. Read more...