Content about Kimco Realty Corp.

February 28, 2013
Kimco receives subpoena in Wal-Mart probe

Shopping center operator Kimco Realty Corp. has received a subpoena in an investigation over possible violations of the Foreign Corrupt Practices Act (FCPA) by Wal-Mart Stores, Reuters reported.

New York -- Shopping center operator Kimco Realty Corp. has received a subpoena in an investigation over possible violations of the Foreign Corrupt Practices Act (FCPA) by Wal-Mart Stores, Reuters reported.

In a filing with the Securities and Exchange Commission (SEC), the Kimco said it had received the subpoena on Jan. 28 from the SEC’s Enforcement Division. Kimco said it would fully cooperate with the SEC, and that the Department of Justice was conducting a "parallel investigation" with the SEC, according to the report.

January 10, 2013
Supervalu in deal with private-investor group led by Cerberus

Supervalu Inc. announced that it has reached a deal to sell its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores and related Osco and Sav-on in-store pharmacies to a private equity group in a transaction valued at $3.3 billion.

Minneapolis -- Supervalu Inc. announced Thursday that it has reached a deal to sell its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores and related Osco and Sav-on in-store pharmacies to a private equity group in a transaction valued at $3.3 billion.

AB Acquisition, a consortium of investors led by Cerberus Capital Management, will get 877 stores across the various banners in the deal. The investor group also includes Kimco Realty Corp., Klaff Realty LP, Lubert-Adler Partners and Schottenstein Real Estate Group.

January 9, 2013
Two new Nordstrom Racks in the works

Nordstrom announced plans to open two new Nordstrom Rack stores, with one in Atlanta, at the Perimeter Expo shopping center, which is owned by Kimco Realty Corp., and the other in Naples, Fla., at The Mercato.

Seattle -- Nordstrom announced plans to open two new Nordstrom Rack stores, with one in Atlanta, at the Perimeter Expo shopping center, which is owned by Kimco Realty Corp., and the other in Naples, Fla., at The Mercato.

The 36,000-sq,-ft. Atlanta store is scheduled to open in fall 2013. The 30,000-sq.-ft. Naples store is scheduled to open in fall 2013.

 

October 17, 2012
Nordstrom Rack to open third Long Island location

Nordstrom plans to open a Nordstrom Rack on Long Island, N.Y., at Manhasset Center, which is owned and operated by Kimco Realty Corp.

Seattle -- Nordstrom plans to open a Nordstrom Rack on Long Island, N.Y., at Manhasset Center, which is owned and operated by Kimco Realty Corp.

The approximately 32,000-sq.-ft. store will be the retailer's third Nordstrom Rack location on Long Island and is scheduled to open in Fall 2013.

The new two-level Nordstrom Rack will move into the former Filene's Basement location at Manhasset Center and will occupy space on both the ground and second level.

 

August 15, 2012
Focus on: Landlord/Tenant Partnerships

Last June, two organizations — Retail Industry Leaders Association and International Council of Shopping Centers — co-sponsored a sustainability initiative that ultimately would set the bar for landlord/tenant partnerships.

The last 14 months haven’t been without bumps. Forging positive, mutually beneficial programs that involve cooperation from shopping center owners and their retail tenants has long been one of this industry’s greatest — and most frustrating — challenges.

April 16, 2012
Growing by Leaps and Buys

Editor’s note: Chain Store Age’s 23rd annual survey of Fastest-Growing Acquirers measured retail square footage purchased during the 2011 calendar year.

For some companies, being among the top acquirers of shopping centers almost is business as usual — top-ranked Inland Real Estate is a perennial leader, largely through avidly scouring daily for possible deals, while Kimco maintained its focus on top projects in top markets.

November 11, 2011
GGP, Kimco form JV to redevelop Owings Mills Mall

Chicago-based General Growth Properties and Hyde Park, N.Y.-based Kimco Realty Corp. said Thursday that the two companies have formed a joint venture partnership to redevelop Owings Mills Mall, Md.

Owings Mills, Md. -- Chicago-based General Growth Properties and Hyde Park, N.Y.-based Kimco Realty Corp. said Thursday that the two companies have formed a joint venture partnership to redevelop Owings Mills Mall, Md.

The new JV gives each company 50% interest in the 25-year-old, 1 million-sq.-ft. mall; GGP previously owned 100%.

"We're exploring a number of options to revive Owings Mills Mall and provide the shoppers of northwest Baltimore County a more viable center that meets their needs,” said Shobi Khan, COO, GGP.

October 31, 2010
Focus on: America’s Top Redevelopers

In November 2009, Chain Store Age’s coverage of the prior year’s redevelopment highlights was...

December 14, 2008
Keeping Cool in Mexico City

With average temperatures nearing 80 F year-round, Mexico City would not be an obvious candidate...

December 14, 2008
Keeping Cool in Mexico City

With average temperatures nearing 80 F year-round, Mexico City would not be an obvious...

December 31, 2007
David B. Henry

David B. Henry, 58, vice chairman and chief investment officer of Kimco Realty Corp.,...

April 30, 2007
Building On

Editor’s Note:Chain Store Age’s 18th annual survey of Fastest-Growing Developers identified the country’s top developers...

April 30, 2007
The Big Get Bigger

Editor’s Note:Chain Store Age’s 18th annual survey of Fastest-Growing Acquirers measured retail square footage purchased...

July 9, 2006
Kimco Realty, Pan Pacific Retail Properties to Merge

San Diego, Kimco...

January 22, 2006
Albertson’s Agrees to $9.5 Billion Sale

New York City, ...