ICSC

Global Commercial Real Estate Brand SVN® Appoints New Retail Product Council Co-Chair

Retrieved on: 
星期四, 十二月 7, 2023

Boston, MA, Dec. 07, 2023 (GLOBE NEWSWIRE) -- SVN International Corp. (SVN), a global commercial real estate brand, is pleased to announce the appointment of Leslie Ka rr with SVN | Commercial Advisory Group as the Co-Chair of the SVN Retail Product Council.

Key Points: 
  • Boston, MA, Dec. 07, 2023 (GLOBE NEWSWIRE) -- SVN International Corp. (SVN), a global commercial real estate brand, is pleased to announce the appointment of Leslie Ka rr with SVN | Commercial Advisory Group as the Co-Chair of the SVN Retail Product Council.
  • Bringing over two decades of specialized experience in retail real estate, Ms. Karr’s dynamic background reflects a profound knowledge and passion for the clients she represents.
  • “The Retail Product Council is a premier venue for the creative exchange of ideas that separate SVN Retail advisors from other retail service providers.
  • Ms. Karr is an active member of Commercial Real Estate Women (CREW), Chicago Women in Retail Leasing (WIRL), and the International Council of Shopping Centers (ICSC).

Kilroy Announces Leadership Transition

Retrieved on: 
星期四, 十二月 14, 2023

Ms. Aman will succeed John B. Kilroy, Jr., who previously announced his planned retirement and will continue to serve as the Company’s CEO until January 21, 2024.

Key Points: 
  • Ms. Aman will succeed John B. Kilroy, Jr., who previously announced his planned retirement and will continue to serve as the Company’s CEO until January 21, 2024.
  • In addition, Mr. Kilroy will serve as an advisor to the Company through the end of 2024 in order to ensure a smooth transition of responsibilities, and will remain Chair of the Board through his current term.
  • “I am pleased to welcome Angela as the new CEO of Kilroy,” said Mr. Kilroy.
  • As a result, Kilroy is exceptionally well positioned for continued success and industry leadership in the years to come.

New ICSC Study, “The Halo Effect III: Where the Halo Shines,” Quantifies How Physical Stores Drive Online Sales

Retrieved on: 
星期二, 十二月 12, 2023

Today, ICSC released its latest report, The Halo Effect III: Where the Halo Shines, quantifying the impact of opening or closing physical stores on online sales and retailers’ overall performance.

Key Points: 
  • Today, ICSC released its latest report, The Halo Effect III: Where the Halo Shines, quantifying the impact of opening or closing physical stores on online sales and retailers’ overall performance.
  • For emerging, direct-to-consumer (DTC) brands, the benefits are even higher - the correlating halo effect for online sales is 13.9 percent when opening a new store.
  • Conversely, closing stores has an even greater negative impact on retailer performance, resulting in an 11.5 percent drop in sales.
  • “While our earlier research on the halo effect demonstrated how physical stores drive web traffic and brand awareness, our latest report dives deeper by analyzing actual spend data.

ICSC Announces Jim Taylor as ICSC Chairman and Angele Robinson-Gaylord as ICSC Vice Chairman for 2024

Retrieved on: 
星期三, 十二月 6, 2023

ICSC announced today that the organization’s Board of Trustees elected Jim Taylor, President & CEO of Brixmor Property Group, to serve as ICSC’s Chairman and Angele Robinson-Gaylord, Senior Vice President, Store Development Americas of Starbucks, to serve as Vice Chairman for the 2024 term.

Key Points: 
  • ICSC announced today that the organization’s Board of Trustees elected Jim Taylor, President & CEO of Brixmor Property Group, to serve as ICSC’s Chairman and Angele Robinson-Gaylord, Senior Vice President, Store Development Americas of Starbucks, to serve as Vice Chairman for the 2024 term.
  • Prior to being named ICSC’s Chairman, Taylor served as the organization’s Vice Chairman for the 2023 term.
  • Jim previously served as Executive Vice President, Chief Financial Officer and Treasurer for Federal Realty Investment Trust, and, prior to Federal, Head of Real Estate Investment Banking for Eastdil Wells Fargo.
  • Robinson-Gaylord continues to support education and professional development programs for talented minority professionals in commercial real estate.

MEDIA ALERT: ICSC’s 2023 Post-Thanksgiving Weekend Survey Shows Resilient Consumer Spending As 195 Million Americans Shopped Over the Weekend

Retrieved on: 
星期三, 十一月 29, 2023

Our Post-Thanksgiving Weekend Survey revealed that consumers turned out to shop both in-store and online.

Key Points: 
  • Our Post-Thanksgiving Weekend Survey revealed that consumers turned out to shop both in-store and online.
  • Two-thirds of consumers say they still have a significant amount of holiday shopping to do, despite shopping over Thanksgiving weekend.
  • About 66% of Thanksgiving weekend shoppers – or 118.8 million people – spent money at a brick-and-mortar store, consistent with 2022 and up 5 percentage points from 2021.
  • Dollar/variety stores (29%), apparel, footwear, and accessory retailers (26%), electronics stores (25%), and health and beauty (24%) saw a rise in popularity.

Consumer Spending Expected to Reach $130B on Thanksgiving Weekend 2023

Retrieved on: 
星期三, 十一月 15, 2023

Consumers expect to spend a total of $130B during the upcoming holiday shopping weekend, a 4 percent increase from last year’s spending expectations, according to the new ICSC Thanksgiving Weekend Intentions survey.

Key Points: 
  • Consumers expect to spend a total of $130B during the upcoming holiday shopping weekend, a 4 percent increase from last year’s spending expectations, according to the new ICSC Thanksgiving Weekend Intentions survey.
  • While consumers anticipate inflation and rising prices to impact their holiday shopping, they remain resilient in their spending and plan to adjust their shopping behaviors during Thanksgiving weekend to account for the current economic climate.
  • “Shoppers continue to remain optimistic about the upcoming holiday shopping weekend despite inflation,” said Tom McGee, President and CEO of ICSC.
  • The 2023 ICSC Thanksgiving Weekend Intentions survey was conducted online from November 10 - 12, 2023.

Grosvenor's North American Property Business Announces Investment Team Leadership Changes

Retrieved on: 
星期四, 十二月 7, 2023

"Michael has been a foundational member of our executive team and a source of inspiration for people throughout our company," said Steve O'Connell, CEO of Grosvenor's North American urban property business.

Key Points: 
  • "Michael has been a foundational member of our executive team and a source of inspiration for people throughout our company," said Steve O'Connell, CEO of Grosvenor's North American urban property business.
  • "Michael has served as CIO for 12 of his 23 years with Grosvenor; he had overall responsibility for all of our Investment property transactions and oversaw our Asset Management team.
  • Michael's strong leadership within Grosvenor has left an enduring impact and he has set his team up for continued success."
  • Since 2011 he has overseen all Investment property transactions and the company's Investment portfolio across North America.

SITE Centers Announces Spin-Off of Convenience Portfolio

Retrieved on: 
星期一, 十月 30, 2023

The Company intends to acquire additional convenience properties prior to the spin-off, which will be included in the CURB portfolio, funded via additional SITE Centers dispositions, retained cash flow and cash on hand.

Key Points: 
  • The Company intends to acquire additional convenience properties prior to the spin-off, which will be included in the CURB portfolio, funded via additional SITE Centers dispositions, retained cash flow and cash on hand.
  • Morgan Stanley & Co. LLC and Wells Fargo are acting as lead financial advisors and Jones Day is serving as legal counsel to SITE Centers.
  • The call will also be webcast and available in a listen-only mode on SITE Centers’ website at ir.sitecenters.com.
  • SITE Centers no longer intends to host its previously announced earnings conference call on November 2, 2023.

Greenberg Traurig's Michelle Gambino, Howard Jeruchimowitz to Speak at 2023 ICSC+ U.S. Law Conference

Retrieved on: 
星期四, 十月 26, 2023

PHOENIX, Oct. 26, 2023 /PRNewswire-PRWeb/ -- Michelle D. Gambino and Howard K. Jeruchimowitz, Real Estate Litigation shareholders at global law firm Greenberg Traurig, LLP, will speak about legal issues in retail leases at the 2023 ICSC+ U.S. Law conference. This year, the event takes place at the JW Marriott Phoenix Desert Ridge Resort & Spa Oct. 25-27.

Key Points: 
  • Michelle D. Gambino and Howard K. Jeruchimowitz, Real Estate Litigation shareholders at global law firm Greenberg Traurig, LLP, will speak about legal issues in retail leases at the 2023 ICSC+ U.S. Law conference.
  • PHOENIX, Oct. 26, 2023 /PRNewswire-PRWeb/ -- Michelle D. Gambino and Howard K. Jeruchimowitz , Real Estate Litigation shareholders at global law firm Greenberg Traurig, LLP , will speak about legal issues in retail leases at the 2023 ICSC+ U.S. Law conference .
  • Howard Jeruchimowitz, a Litigation shareholder in the firm's Chicago office , focuses his practice on the real estate, construction, and financial services industries.
  • Law conference has provided an opportunity for retail real estate legal professionals to gain industry-specific knowledge and insight from leading authorities in the field.

ICSC’s 2023 Holiday Shopping Forecast Shows Continued Consumer Spending and Resilience

Retrieved on: 
星期四, 十月 19, 2023

Retail sales are expected to grow 3.8 percent this holiday season, according to ICSC’s 2023 holiday shopping forecast.

Key Points: 
  • Retail sales are expected to grow 3.8 percent this holiday season, according to ICSC’s 2023 holiday shopping forecast.
  • Today, ICSC also released the results of its Annual Holiday Shopping Intentions Survey, which found that 235 million (90 percent) consumers plan to shop this year.
  • “We expect a positive holiday shopping season this year as consumers continue to spend in spite of economic headwinds,” said Tom McGee, President and CEO of ICSC.
  • Thirty-eight percent said they expect to spend more as holiday deals and promotions provide more value for their spending.