CBL’s Stephen D. Lebovitz Nominated for ICSC Chair

129lebovitzIt won’t be confirmed until ICSC’s annual meeting at RECon in May, but it looks as though next ICSC chairman will be Stephen D. Lebovitz, president and CEO of CBL & Associates Properties, Inc.

Lebovitz follows in his father’s footsteps, as Charles B. Lebovitz served as ICSC chairman during the 1996-1997 term. Opting not to wait for a perfect 20 year gap, the Board of Trustees nominated the younger Lebovitz during its midwinter meeting.

Of course, as he points out, the industry was significantly different 19 years ago. “At the time my dad was chairman, there was still a wave of new development,” Lebovitz said. “I don’t think any of us had heard of Amazon then.”

“Under Stephen’s skillful leadership, we have watched CBL grow and prosper, even during some very challenging economic times,” said Michael P. Kercheval, ICSC’s president and CEO. “ICSC has similarly benefited from his insights and extraordinary energy. I can’t think of anyone more suited to leading our organization in the coming year.”

As chairman, he would succeed Robert F. Welanetz, CRX, CSM, global retail real estate adviser to The Blackstone Group.

Want to know more about this would-be ICSC chairman? The organization has a full profile up for your perusal.

Written by Nissa on January 28, 2015 – 5:34 pm -
Posted in Mall World | No Comments »

UCR Joins Forces with CBRE

CBRE Group, Inc. is increasing its retail real estate reach with the acquisition of United Commercial Realty (UCR). UCR is a known quantity in the shopping center industry, managing approximately 8 million sq. ft. of retail properties in the U.S., and serving as leasing agent for 20 million sq. ft. of shopping centers nationally. It also represents over 200 retailers and restaurants with its tenant representation arm.

“We are very pleased to join with CBRE,” said Mr. Ashmore. “I am sure that this union will enable us to meet the needs of our clients more completely, and in more markets, than ever before. This is the natural evolution for our company.”

UCR will bring its staff of more than 100 professionals to CBRE. Owner Mickey Ashmore will become Vice chairman, Retail Services for CBRE.

“The UCR professionals are a wonderful addition to our team in Texas and our national retail brokerage and property management business,” said Michael Caffey, executive managing director, Texas Region, CBRE. “UCR has a reputation for premier service, creative marketing concepts, innovative retail strategies and exceptional client outcomes. They fit perfectly into our culture and will enable us to expand the range of services we can provide to retail clients.”

Written by Nissa on January 21, 2015 – 5:51 pm -
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ICSC Reflects on the Life of European Mall Pioneer Jean-Louis Solal

While we were away for the holidays, the shopping center industry lost one of its founding members. Jean-Louis Solal died on Christmas Day at the age of 86.

ICSC published a look back at the life of Solal, who lent his name to the organization’s annual European Marketing Award:

“Retired French developer Jean-Louis Solal, widely regarded as the father of Europe’s shopping center industry and a longtime ICSC trustee who helped expand the association’s global reach, died Christmas Day. He was 86. Educated in the United States and inspired early in his career by some of America’s pioneering mall developers, Solal developed the first North American-style mall in Europe, Parly 2, in 1969 in the western suburbs of Paris.

He went on to develop more than a dozen other retail projects throughout France, as well as centers in Spain and Belgium. Many of his early projects capitalized on the same post-World War II trends that led to the proliferation of shopping centers in the United States, including greater ownership of automobiles, the Baby Boom and suburban housing development. He once described the shopping center as the “child of love,” born of man’s obsession with his car.

With each project, Solal, who jokingly referred to himself as a “shopping center nerd,” sought to create a center that was distinct in terms of design and tenant mix. Many of his innovations were copied by other developers, and the success of his centers was closely tied to his firm belief in the importance of marketing. In an effort to closely align his centers with the communities they serve, Solal typically named his projects after their locales and added a signature “2” at the end of the name — Elysee 2, Vélizy 2, Rosny 2, for instance.”

Read the rest at the ICSC website.

Written by Nissa on January 14, 2015 – 6:57 pm -
Posted in Mall World | No Comments »

NRF Honors Members of The List

107nrfThe National Retail Federation is holding its annual conference, Retail’s BIG Show, early next week. It’s kicking things off with something new: the inaugural NRF Foundation Gala.

On Sunday, January 11 at Pier Sixty, Chelsea Piers, New York, the NRF Foundation will bring together some of the industry’s best and brightest to recognize the people shaping the American retail industry’s future. Those individuals have just been named on The List, which selects 25 individuals that are influencing retail both today and tomorrow. They include a United States Senator, a teenage fashion designer, a director of military programs, editors and many others.

“The List is about recognizing the power players, disruptors, givers, influencers and dreamers who are changing the face of retail – many doing so behind the scenes,” said NRF Senior Vice President and Foundation Executive Director Ellen Davis. “Unlike in any other industry, people interact with retail every single day, and these 25 individuals are making today’s innovative, customer-centric and unique shopping experiences possible, collectively making up one of the most impressive groups of professionals in retail.

If you won’t be attending Sunday’s gala, you can also find out all about those 25 honorees at the gala website.

Written by Nissa on January 7, 2015 – 6:40 pm -
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Westfield Opens Registration for 2015 Study Tour

Registration is now open for 2015’s Westfield World Retail Study Tour. The Tour, which has been taking place since 1996, is a whirlwind trip to five of the leading retail cities in the world. For two weeks, it immerses attendees in the very latest in retail education and inspiration.

It’s also a bit exclusive, with limited seats and a substantial registration fee. That fee sees participants through over 50 presentations in five cities, networking with top retailers, and more.

Here’s this year’s itinerary, straight from the tour’s website:

NEW YORK Sunday 3 – Wednesday 6 May
Always buzzing, New York constantly over-delivers; from the funky, edgy stores of Soho to the stylish luxury of 5th Avenue.

LONDON Thursday 7 – Sunday 10May
Home to Harvey Nichols, Burberry’s flagship store and the iconic Oxford and Regent Streets, Covent Garden and Borough Markets – not to mention the landmark Westfield London and Stratford City.

BERLIN Sunday 10 – Wednesday 13 May
A collision of old and new, with its stunning architecture and a huge variety of cutting edge retail, like the Ka De We and Potsdamer Platz.

AMSTERDAM Wednesday 13 – Saturday 16 May
Featuring a unique mix of multi-storey department stores and exclusive boutiques lining the quaint Herenstraat and Prinsenstraat.

TOKYO Sunday 17 – Wednesday 20 May
From Ginza to Harajuku, Tokyo re-defines what retail can be, with the Sony Store, Yohji Yamamoto, Prada, Dior, Giorgio Armani and Aoyama.

Interested? Registration is limited, so check it out at the World Retail Study Tour website.

Written by Nissa on December 10, 2014 – 5:39 pm -
Posted in Mall World | No Comments »

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