Shopping Center Business is the leading monthly business magazine for the retail real estate industry.
Issue link: http://shoppingcenterbusiness.epubxp.com/i/903727
Volume 20, Issue 2 June 2015 www.shoppingcenterbusiness.com Jerrold France President/CEO Publisher Scott France Exec. Vice President Michael Jacobs Chief Financial Officer Randall Shearin Senior Vice President/ Editorial & Operations 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. FROM THE PUBLISHERS 2 • SHOPPING CENTER BUSINESS • December 2017 N ew York City's retail real estate market rebounded quickly from the Great Recession. In 2013, we reported that New York's retail rents had recovered to points past their pre-reces- sion highs. The market peaked in 2014. With lower rents and increased vacancy, though, new and expanding retailers have had an opportunity to find space on some of the best retail streets in the world. Oth- er factors influencing New York's retail scene include a move to online purchas- es for staple items, a slowdown in expan- sion of popular tenants like cellular ser- vice providers and banks who seemingly vied for every corner in Manhattan and the boroughs a few years ago. New areas for retail have also contributed to having more retail space — Brookfield Place and Westfield World Trade Center are now options, and Hudson Yards and other projects are on the horizon. While rents may be slowing their growth, New York is still a market where every retailer would like to be, and there has been no shortage of new brands open- ing. In addition to physical presences of popular brands and new foreign retailers, New York will see the addition of new de- partment stores in the future. Nordstrom will open two full-line stores over the next few years near Columbus Circle, and Nei- man Marcus will open at Hudson Yards. We overview the New York market on page 48 of this issue. Other articles of in- terest are a piece on the city's department stores (page 72), and our article covering the clicks-to-bricks trend of online retail- ers going physical mentions a number of New York locations (page 128). We held our annual institutional inves- tor roundtable with Crossman & Compa- ny in New York City in October, and as al- ways it is interesting to hear the thoughts on the sector from major retail investors. Most interesting was how positive they are about retail, and the changing path that we are on. Many are deeply involved in making sure their properties have dif- ferentiated themselves against the inter- net and have the latest trends and ameni- ties. While they are institutional owners, they are not out of touch — in the least — with the changes afoot in the industry. The roundtable is found on page 84. We continue to find new and exciting elements being added to retail centers as we finalize the program for Entertain- ment Experience Evolution. Our speak- er line-up is finalized, as is our agenda and program. Please make plans to join us at the Fairmont Miramar in Santa Monica on February 6-7, 2018. For more infor- mation, please see the ad on pages 54-55, or visit www.interfaceconferencegroup. com/eee2018. We also want to invite you to stop by and see us during the ICSC New York Deal Making at booth 2611 during the conference. We are always interested to hear your ideas and news. Since this is our last issue of 2017, we wish you a great holiday season and hap- py New Year! SCB Volume 22, Issue 8 December 2017 www.shoppingcenterbusiness.com Jerrold France Chairman and CEO Publisher Scott France President Michael Jacobs Chief Financial Officer Randall Shearin Senior Vice President/ Editorial & Operations 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 INTERFACE CONFERENCE GROUP Richard Kelley Senior Vice President Mike Jax Conference Producer Alicia Lewis Conference Manager Heather James-Wyrick 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. ® Turn Of Events Scott France Jerrold France Join Shopping Center Business for the fourth annual Entertainment Experience Evolution conference. February 6-7, 2018 Fairmont Miramar Hotel Santa Monica, California www.interfaceconferencegroup. com/eee2018