Shopping Center Business

MAY 2017

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

Issue link: https://shoppingcenterbusiness.epubxp.com/i/817746

Contents of this Issue

Navigation

Page 8 of 334

Volume 20, Issue 2 June 2015 President/CEO Exec. Vice President Tammy Orr Vice President/ Circulation Director EDITORIAL Randall Shearin Editor-in-Chief Scott Reid Associate Editor ADVERTISING SALES Richard Kelley Senior Vice President Alicia Lewis Conference Manager Angelina Varagona Conference Coordinator INTERFACE CONFERENCE GROUP Richard Kelley Senior Vice President Alicia Lewis Conference Manager Angelina Varagona Conference Coordinator CIRCULATION & ADMINISTRATION Tammy Orr Circulation Director Teresa Hennington Office Administrator Jacqueline Newman Advertising Traffic Charlotte Ray Circulation Assistant John-Paul Abraham Administrative Assistant For subscriber services, including change of address, please call or write to: SHOPPING CENTER BUSINESS Customer Service Department P.O. Box 47065 Plymouth, MN 55447-0065 telephone 1-800-869-6882 E-mail: scb@kmpsgroup.com or visit our subscriber services portal at: www.shoppingcenterbusiness.com SHOPPING CENTER BUSINESS (ISSN 1088-3339) is published monthly by France Publications, Inc., d/b/a France Media, Inc. © 2015 France Publications, Inc. Editorial and advertising offices are located at Two Securities Centre, 3500 Piedmont Road, Suite 415, Atlanta, GA 30305. Telephone (404) 832-8262. Facsimile (404) 832-8260. E-mail: scb @ francemediainc.com. Periodicals Postage paid at Atlanta, GA, and at additional mailing offices. POSTMASTER: Send address changes to SHOPPING CENTER BUSINESS, P.O. Box 47065, Plymouth, MN 55447-0065. Shopping Center Business is a registered trademark of France Publications, Inc. Subscription rates: USA 1 year, $79; 2 years $126; outside USA, 1 year $99 ($129 air mail delivery); 2 years $166 ($226 air mail delivery). Single copies are $10.00. The opinions and statements made by authors, contributors and advertisers to Shopping Center Business are not necessarily those of the editors and publishers. © 2015 France Media, Inc. To photocopy items from Shopping Center Business in quantities of 100 or less, authorization must be obtained from and a fee paid to the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, telephone (978) 750-8400. For quantities of more than 100, please contact Barbara Sherer, manager of special advertising, at (630) 553-9037. Publisher Randall Shearin Chief Financial Officer Scott France Senior Vice President/ www.shoppingcenterbusiness.com Editorial & Operations Jerrold France Michael Jacobs FROM THE PUBLISHERS Michael Jacobs Jerrold France Editorial & Operations www.shoppingcenterbusiness.com Senior Vice President/ Scott France Chief Financial Officer Randall Shearin Publisher 4 • SHOPPING CENTER BUSINESS • May 2017 Scott France F or more than 20 years, we have had the pleasure of covering the retail real estate industry through the pag- es of Shopping Center Business, and I've been in the business even longer than that. Over the past 20-odd years since we launched Shopping Center Business, we've had the opportunity to meet some icons in the industry — and occasionally outside the industry. You may recall our interview with Dick Clark when he was developing restaurants; our story with Art Linkletter, who owned a number of shop- ping centers; Earvin "Magic" Johnson, who developed movie theaters; and our first cover, which featured Steven Spiel- berg, David Geffen and Ron Katzenberg. When we heard that the Dallas Cowboys were involved in a new mixed-use project, we knew who we had to get for our cover this May. And it truly was a career high- light to meet with Jerry Jones and his son Stephen, at the team's headquarters. While what you will read in the pages of Shopping Center Business this month is the story behind The Star, the Cowboys' new mixed-use development that con- tains its headquarters, training facility and practice field, as well as many other uses, including retail, our interview went well beyond the scope of its intent. Jerry Jones and I are from the same generation, and he spent a bit of time telling us about his work ethic and where it came from, and how that has driven him over the course of his career. He also spoke candidly about his goal for the Cowboys to be a mentor to young athletes, a big reason he wanted the team involved in the development. Stephen Jones, who was more involved in the details of The Star, spent time with us discussing the project, as well as other projects of the family's real estate con- cern, Blue Star Land. You can read the story on page 110. SCB Volume 22, Issue 1 May 2017 Chairman and CEO President EDITORIAL Randall Shearin Editor-in-Chief Katie Sloan Associate Editor Lynn Peisner Staff Writer Nick Topolski Graphic Designer ADVERTISING SALES Scott France Co-Publisher Craig McIntosh Media Advisor Ryan Nixon Media Advisor Jeff Wright Media Advisor Robin Reimold Media Advisor Barbara Sherer Media Advisor/ Classified Ad Sales Mike Jax Media Advisor INTERFACE CONFERENCE GROUP Richard Kelley Senior Vice President Alicia Lewis Conference Manager Jordan Hopkins Conference Coordinator ADMINISTRATION Teresa Hennington Office Administrator Jim Clark Advertising Traffic Vally Smith Circulation Assistant For subscriber services, including change of address, please call or write to: SHOPPING CENTER BUSINESS Customer Service Department P.O. Box 47065 Plymouth, MN 55447-0065 Telephone 1-800-869-6882 E-mail: scb@kmpsgroup.com or visit our subscriber services portal at: www.shoppingcenterbusiness.com SHOPPING CENTER BUSINESS (ISSN 1088-3339) is published monthly by France Publications, Inc., d/b/a France Media, Inc. © 2017 France Publications, Inc. Editorial and advertising offices are located at Two Securities Centre, 3500 Piedmont Road, Suite 415, Atlanta, GA 30305. Telephone (404) 832-8262. Facsimile (404) 832-8260. E-mail: scb @ francemediainc.com. Periodicals Postage paid at Atlanta, GA, and at additional mailing offices. POSTMASTER: Send address changes to SHOPPING CENTER BUSINESS, P.O. Box 47065, Plymouth, MN 55447-0065. Shopping Center Business is a registered trademark of France Publications, Inc. Subscription rates: USA 1 year, $79; 2 years $126; outside USA, 1 year $99 ($129 air mail delivery); 2 years $166 ($226 air mail delivery). Single copies are $10. The opinions and statements made by authors, contributors and advertisers to Shopping Center Business are not necessarily those of the editors and publishers. © 2017 France Publications, Inc. To obtain reprints, permissions and copies, please contact Barbara Sherer, manager of special advertising, at (404) 832-8262 or bsherer@francemediainc.com. ® Star Power T he retail industry has heard a lot about store closings this year, but interestingly enough, the statistics are showing that these closings are not having an impact on retail va- cancy rates. Why? The industry has been smart — over the past 10 years, we have not built a lot of new space. Hence, retail space is at a premium in many markets. REIS reports that retail vacancy rates have held steady since the first quarter of 2016 — 9.9 percent for community centers. Even regional malls have only seen vacancy rates rise 10 basis points — from 7.8 percent to 7.9 percent — despite many closing announcements, according to REIS. During the first quarter of 2017, mall rents increased 0.4 percent. Why? Again, construction is at a low; only 796,000 square feet of retail space were delivered in the first quarter nationwide. The industry gets an A-plus on control. We spend a lot of time the first few months of the year looking for stories for the May issue. We concentrate on the latest developments, hot retailers and restaurants, and of course the trends that are beginning to emerge in the industry. This issue fea- tures a lot of projects, companies, municipalities and retailers who are doing a great deal to move retail forward. We also have a number of great articles from top industry executives. If you are going to be at RECon, please stop by and see us at booth N1834 in the Marketplace Mall. SCB SCB Publisher Jerry France (center) with Stephen Jones (left) and Jerry Jones (right).

Articles in this issue

Links on this page

Archives of this issue

view archives of Shopping Center Business - MAY 2017