Shopping Center Business

MAY 2016

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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Page 12 of 358

8 • SHOPPING CENTER BUSINESS • May 2016 ® FEATURES 118 | CENTENNIAL'S NEW FOCUS With an acquisition from Westfeld, the company is the new kid on the block in the regional mall business. But the company has a history that is rich in retail, and in creating successful centers. By Randall Shearin 134 | CAPITALIZING ON THE WATERFRONT D.C.'s new project, The Wharf, aims to bring visitors and residents to the city's underutilized waterfront. By Randall Shearin 142 | A SWEET DEAL Shopping mall veteran Cinnabon sweetens the deal with a hot new prototype. By Katie Lee 150 | REINVESTING IN SUCCESS Years after its initial development, Irvine Spectrum Center is being reinvented. By Randall Shearin 160 | POSITIVE FEELING FOR RETAIL SECTOR A look at the economic trends and their potential impacts on retail capital markets. By Bill Rose 166 | NET LEASE INVESTMENT SALES ACTIVITY MAINTAINS BRISK PACE 1031 Exchange buyers and private investors looking for yield drive demand, but stabilizing cap rates suggest this cycle is nearing the top. By Joe Gose 174 | CREATING AN ENERGETIC ENVIRONMENT THROUGH LED General Growth Properties partners with Daktronics to create a one-of-a-kind entertainment experience for Fashion Show in Las Vegas. By Randall Shearin 182 | BIG SHOES TO FILL Developers are thinking strategically and creatively about how to fll large open spaces. By Jeff Green and Jerry Hoffman 186 | THE PROBLEM OF PARKING As the retail landscape continues to shift toward pedestrian mixed-use environments, surface level parking has declined in appeal and viability. By David Senden 194 | THE CONVERGENCE OF OUTLET AND CONVENTIONAL RETAIL CENTERS As new centers are built, many developers are combining traditional with outlet. By Tonya Creekmore DEPARTMENTS 16 NEWSLINE 42 CAPITAL MARKETS 56 DEVELOPMENT NEWS 68 RESTAURANT BITES 349 CLASSIFIED ON THE COVER Centennial Real Estate's big purchase brings new vision to malls. Page 118 Cover Designed By: Robert Lewis MAY 2016 LEADING THE WAY THROUGH THE 21ST CENTURY FOCUSED ON REINVENTION big purchase brings new vision to malls. Centennial Real Estate's Table of contents continues on page 12. VOLUME 21 ISSUE 1 MAY 2016 118 150 134

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