Mike Troy

Senior Editor, Retailing Today

Articles by author

  • May 26 2016

    The latest chapter in Detroit’s ongoing real estate revival is being written by a $65 million mixed-use project called The Scott at Brush Park, which features 199 luxury residences and roughly 15,000-sq.-ft. of ground-floor retail and restaurant uses.
     
    Scheduled to open later this year, the five-story project is being developed by Birmingham, Michigan-based Broder & Sachse Real Estate Services Inc. and Southfield, Michigan-based Woodborn Partners LLC.
     

  • May 26 2016

    Empire Outlets is New York City’s first and only outlet center so it was only fitting that a contract related to the major project was consummated at the retail real estate industry’s biggest show.
     

  • May 25 2016

    Forget South Beach. Brickell City Centre is shaping up as the place to be and be seen in the Miami area with 11 more retail tenants added ahead of a planned November opening.
     
    Eleven new tenants have joined the 500,000-sq.-ft. Brickell City Centre retail development scheduled to open this November in an area of Miami developers of the project describe as underserved.
     

  • May 25 2016

    A 60,000-sq.-ft. Crayola Experience has opened at Mall of America, giving the massive shopping center yet another experiential component to generate traffic.
     
    The Crayola Experience is a family attraction that features 25 hands-on activities inspired by Crayola products and technologies and there is also The Crayola Store offering the world's largest selection of Crayola products and unique souvenirs.
     

  • May 25 2016

    An innovative advocacy campaign to encourage shopping at physical stores JLL launched for Mother’s Day will debut at other key seasonal periods during the next three months.
     

  • May 25 2016

     

    There are so many cross-currents affecting the retail real estate industry right now that making sense of it all is a daunting challenge. Thankfully, Melina Cordero, head of retail research for the Americas at CBRE, was on hand at RECon to touch some of the mega-trends in this video.

  • May 24 2016

    The nation’s leading auto parts retailer produced modest sales and profit growth during its third quarter but managed to achieve double digit earnings per share growth thanks to stock buyback activity.

    AutoZone sales increased 4% to $2.6 billion during the quarter ended May 7, thanks to the addition of new stores and a 2% same-store sales increase. Net income increased 6% to $327.5 million, while earning per share increased 12.6% to $10.77 as the company spent $533 million to repurchase 687,000 shares.

  • May 24 2016

    Doing deals with real estate development and services firm CASTO just got easier thanks to the roll out of a new Web-based software platform called LeasePilot.

    LeasePilot was developed by Gadfly Legal Technologies to streamline the lease documentation process and helps owners manage valuable lease information. CASTO is currently using LeasePilot to create the first drafts of leases.

  • May 24 2016

    Photo: Andrea Olshan, CEO of Olshan Properties

  • May 24 2016

    Members of the International Council of Shopping Centers (ICSC) elected Elizabeth Holland as chairman, marking only the fourth time in the past 59 years a woman has chaired the organization.

    Holland brings a unique skill set to the role given ICSC’s top legislative priority and the upcoming presidential election. The period following the inauguration of a new president is always a critical time in Washington, heralding what is traditionally the most active time in the legislative cycle, according to ICSC.