Aerial View is a weekly industry recap that provides a snapshot of relevant retail news from around the nation and in our region.
National View
Improving Outlook for 2010, Kantar Retail Forecasts
Retail sales are on the path to recovery. Retail Forward, a Kantar Retail Company, forecasts that retail sales will improve this year quarter by quarter as positive reports in the housing and job markets bolster shoppers’ confidence.
http://www.retailforward.com/pressroom/PressReleases/012510.pdf
In 2009 Retail Real Estate Industry Delivered Lowest Amount of Space in 27 Years
In 2009 the retail real estate industry delivered 79.5 million square feet of new space according to the CoStar Group Inc.’s National Retail Market report. This is the least amount of new construction in CoStar’s records.
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Kohl's Department Stores Achieves 100 Percent Green Power
Kohl’s Department Stores announced that the company has purchased enough green power to meet 100 percent of its purchased electricity use. Kohl’s increases its ranking to no. 2 on EPA’s quarterly list of top green power purchasers and retains the no. 1 spot in retail.
http://finance.yahoo.com/news/Kohls-Department-Stores-bw-4087176667.html?x=0&.v=1
Regional View
New supermarket opens in Reading
Fine Fare Supermarket opened a location at 200 W. Buttonwood Street in Reading, PA. Fine Fare is a chain of about 50 stores with locations in New York City, New Jersey and two in Philadelphia, PA.
http://readingeagle.com/article.aspx?id=189946
Delaware growth: Quiet oasis near Odessa could soon be bustling
Huber’s Crossing will be located on 25.4 acres between Pole Bridge & Bayview Roads. The developer has plans for a grocery store and more than a dozen smaller stores, a bank, two restaurants and fast-food eateries.
http://www.delawareonline.com/apps/pbcs.dll/article?AID=/201001170345/NEWS02/1170353
Is Xanadu Meadowlands Not Meant to Be?
The Xanadu Meadowlands retail and entertainment complex in northern New Jersey needs both cash and tenants to complete its obligations to the New Jersey Sports & Exposition Authority.
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Fameco View
Fameco Real Estate Shows Explosive Growth in 2009
In June, 2008, Plymouth Meeting, PA-based Fameco Real Estate, LP established a presence in central and northern NJ by opening an office in Woodbridge, NJ. In just 18 months, the growth of the Woodbridge office is nothing short of explosive. As a result, Fameco has emerged as the dominant retail brokerage firm in the market.
Click Here to View Press Release
Philadelphia, PA 633 W Germantown Pike, Suite 200 Plymouth Meeting, PA 19462 Phone: 610-834-8000 Fax: 610-834-1793 |
Woodbridge, NJ 555 US Highway 1 South, Suite 400 Iselin, NJ 08830 Phone: 732-526-9100 Fax: 732-526-9101 |
The Power of Retail
Fameco Real Estate, L.P. does not warrant the accuracy or completeness of the information in this newsletter or on linked web sites. Our newsletter includes these links as a convenience to the reader. For those linked sites not under our control, we expressly disclaim any and all responsibility for the content thereof. The copyrights in quoted and linked articles belong to their respective owners.