World Business Feb 6, 2008
THE troubled Valad Property Group has been thrown a financial lifeline through a strategic alliance with the US property investment trust Kimco Realty Corporation. JULIAN LEE. (Sydney Morning Herald -- Business)
Valad Shares Drop as Kimco Accord Kills Takeover Talk (Update2) Feb 5, 2008
Feb. 5 (Bloomberg) -- Valad Property Group, an Australian real estate investment trust, fell by the most in more than five years after Kimco Realty Corp. agreed to buy A$200 million ($182 million) of convertible notes, dousing takeover speculation. Valad dropped 22 cents, or 18 percent, to A$1 at the close of trading in Sydney, after the company said Kimco will buy five-year notes that pay 9. (Bloomberg)
Presenting North County's largest public companies Feb 3, 2008
"I don't thing there's anything out of line there. Usually there's as many IPOs as acquisitions.Departed from the list are: Accredited Home Lenders, First Community Bancorp., K2 Inc., Pan Pacific Retail Properties Inc., Peregrine Systems, Inc., and Sola International Inc.First Community moved its headquarters to downtown San Diego. Accredited Home Lenders, devastated by bad mortgages, sought refuge by soliciting a takeover from Dallas-based Lone Star Capital Fund V. Peregrine, tarnished by fraud... (North County Times)
The worst may still be ahead for down-and-out REITs Jan 22, 2008
Real solutions for your real estate needs. Choose from the selections below. (USA Today -- Money)
Wal-Mart plans new supercenter Jan 19, 2008
But officials at owner Kimco Realty Corp. in New Hyde Park, who could not be reached for comment Thursday, likely will have several years to find a replacement tenant. Serghini said the company estimates it could take six to 18 months to win government approval for the project. (Albany Times Union)
Mixed-use plans for Wilde Lake Jan 18, 2008
Officials of the New York-based Kimco Realty Corp. are expected to release a plan early this year to add such a mixed-use building to the village center, said Philip Kirsch, Wilde Lake's representative to the Columbia Association Board of Directors, who attended a Nov. 19, 2007 village board meeting in which a Kimco official discussed the company's plan. At the meeting, Kevin Allen, a leasing agent at Kimco, told the board of a potential company plan to construct such a building on the site of... (Columbia Flier, MD)
Click here to read more. Jan 11, 2008
Most of Stafford Marketplace is owned by Kimco Realty Corp. ... Kimco Realty spokesman Tom Simmons did not return calls seeking comment. (Fredericksburg.com, VA)
Faces of Business 2007: Kofi Bonner, Lennar Corp. vice president Jan 1, 2008
He also pointed to Lennar's well-capitalized partners, including engineering company Mactec, retail specialists Kimco Realty Corp. and Wilson Meany Sullivan (best known for renovating the Ferry Building). "I have a strong sense we could move forward without missing a beat," Cohen said. (San Francisco Chronicle -- Business)
Jeweler won't wait for village center revival, plans to close Dec 28, 2007
In addition, as his lease was set to expire Dec. 31, Kimco Realty Corp., the village center's owner, offered him a new lease at a much higher rate, he said, adding that he and his wife, Darlene, decided it was not worth trying to keep the store open. The Keighleys, who have had to dip into their retirement fund to pay the store's rent, will close the store Dec. 31. (Howard County Times, MD)
Liquidators buy Levitz for $48M Nov 30, 2007
The six companies teaming to buy Levitz are Hilco Merchant Resources LLC, HRE Holdings LLC, Tiger Capital Group LLC, SB Capital Group LLC, Planned Furniture Promotions Inc. and Kimco Realty Services. The sale of the New York-based furniture seller comes less than three weeks after the company fell into Chapter 11 for third time in less than a decade. (AZCentral -- Business)
Property experts offer top picks for 2008 Nov 29, 2007
CIO, KIMCO REALTY CORP.. One of the world's largest shopping centre owners, Kimco has a significant property portfolio in Canada. (Globe and Mail -- Business)
REITs Suffer Biggest Decline Since 1998 as Rout Shows No Signs of Abating Oct 26, 2007
That led to a wave of initial public offerings beginning in 1991 with Kimco Realty Corp. of New Hyde Park, New York. Kimco is now the largest U.S. owner of community shopping centers, with a market value of $10. (Bloomberg)
New sports bar part of restaurant boom in River Hill Sep 28, 2007
Miller said he signed a lease that runs through 2013 with New York-based Kimco Realty Corp., which owns the village center. The grill's opening weekend drew a crowd, said Christie Van Deusen, the assistant general manager, adding that on Friday some customers waited 90 minutes for tables, while on Saturday some waited an hour. (Columbia Flier, MD)
Market forces buffet Wilde Lake Aug 24, 2007
Officials at New York-based Kimco Realty Corp., owner of the Wilde Lake Village Center, have said they are determining whether a relatively small 24,000 square foot store, larger 45,000 square foot supermarket or another type of store is needed ... It is important to remember that Kimco Realty owns the village center and they will make the decision about what to do, he said. (Columbia Flier, MD)
Business in Brief (Tu) Aug 9, 2007
bought the shopping center from Kimco Realty of Hyde Park, N.Y., in June 2006 for $30. 8 million. (Towson Jeffersonian, MD)
Bondholders Punish Tyco, Kimberly-Clark, Expedia for Stock Buybacks, LBOs Aug 8, 2007
TXU Corp., the Dallas-based power producer, shopping center developer Kimco Realty Corp. and at least eight more companies bowed to investor demands this year and agreed to pay higher interest on their debt if credit ratings fall, according to data compiled by Bloomberg. Atlanta-based Home Depot Inc., the world's largest home improvement retailer, may be next. (Bloomberg)
Kimco Realty reports 18 percent rise in net income Jul 30, 2007
July 30, 2007 Kimco Realty Corp., the nation's largest owner of community shopping centers, said Friday that net income rose 18 percent in the second quarter, compared with the same period last year, as the real estate investment trust continues to add sites to its already bulging portfolio. The New Hyde Park-based company said that net income in the quarter was $125. (Newsday -- Business)
Stocks to Watch Jul 27, 2007
Kimco Realty Corp. () is expected to report second-quarter earnings of 35 cents a share. Medco Health Solutions Inc. () is expected to post earnings of 78 cents a share for the second quarter. (Fox News)
Kimco details latest real estate activity Jul 10, 2007
July 9, 2007, 12:07 PM EDT Kimco Realty Corp., a real estate investment trust that holds one of the nation's largest portfolios of neighborhood and community shopping centers, Monday released data consolidating its acquisitions and dispositions for the second quarter of 2007. For the period ending June 30, the company spent $1. (Newsday -- Business)
The Butterfly Effect Jun 26, 2007
In terms of general price action, the sector as a whole seems to be breaking down hard, with names like Kimco Realty (), Developers Diversified Realty (), Boston Properties () and CBL iates Properties () all exceptionally weak ... You Are Viewing: Avoid Home Builders, REITs and Banks Now (Beazer Homes, Hovnanian, Kimco Realty, Developers Diversified Realty, Hudson City Bancorp). (SmartMoney)
Record price for shopping center Jun 16, 2007
By comparison, Kimco Realty Corp. of New Hyde Park paid about $211 per square foot last year to acquire the Airport Plaza center in Farmingdale. . (Newsday -- Business)
REITs Get Rich off Mallrats Jun 13, 2007
"These stocks have the most meaningful upside potential from current levels to our targets." Taylor has buy ratings on retail REITs Developers Diversified Realty (), Kimco Realty (), Macerich (), and Simon Property Group (). "The retail business generally is healthy; tenant demand is good," said Simon Property Group Chief Executive during a presentation at REITWeek 2007 on June 6. (BusinessWeek)
State to file report on Sharp Jun 10, 2007
New York real estate investment trust Kimco Realty Corp. acquired Black Mountain Village shopping center in San Diego and D'Andrea Marketplace in Sparks, Nev. for $53. (San Diego Union-Tribune -- Business)
Tuesday's Stocks to Watch Jun 5, 2007
Kimco Realty Corp. () said it has acquired 12 shopping centers in California and Nevada for $342. 9 million. (Fox News)
Cedar to buy 6 properties Jun 5, 2007
Also yesterday, Kimco Realty Corp. of New Hyde Park, the largest U.S. owner of community shopping centers, paid $342. 9 million for 12 retail properties in California and Nevada from unnamed sellers, according to Bloomberg News. (Newsday -- Business)
LI FINANCIAL WATCH Jun 4, 2007
Kimco Realty, New Hyde Park (KIM). Last: $46. (Newsday -- Business)
How much did the bosses make? May 27, 2007
Shopping mall owner Pan Pacific Retail Properties, which had three seven-figure executives in 2005, was acquired by New York's Kimco Realty last year. Peregrine Systems, Community Bancorp and Southwest Community Bank also were purchased. (San Diego Union-Tribune -- Business)
Ruby Tuesday plans Aug. 1 opening in River Hill May 18, 2007
Although Kimco Realty Corp., which owns most of the village center, did not own the 1 ... Officials at Kimco Realty Corp.'s headquarters in New York referred questions on the restaurant to Kevin Allen, a leasing representative with the firm. (Columbia Flier, MD)
Plus: Cerberus, Who? May 16, 2007
For now, Cerberus has joined with real estate investment trust Kimco Realty Corp.. Feinberg may be weighing megadeals, but at least by the standards of Masters of the Universe, his tastes are unpretentious. (BusinessWeek)
TOP COMPANIES: RANKINGS May 14, 2007
12 14 Kimco Realty Real estate KIM. 13 15 1-800-Flowers. (Newsday -- Business)
An evening with mom: Carriage rides offered for special occasion May 11, 2007
"On Friday and Saturday nights, people may walk up to a guy on a corner playing a saxophone. Or they may walk around the corner and see a guy playing a guitar by himself. This adds a bit of uniqueness to your shopping experience, like the carriage rides. Market Street is a joint-venture development of Trademark Property Company and Kimco Developers Inc., an affiliate of the real estate investment trust Kimco Realty Corporation. Located across from the Cynthia Woods Mitchell Pavilion, Market... (Woodlands Villager, TX)
Recent investment helps Kimco's profits grow May 4, 2007
May 3, 2007, 11:42 AM EDT Kimco Realty Corp. Thursday reported impressive first-quarter profit and earnings growth, based largely on a recent investment in real estate once owned by the Albertson's grocery store chain. The New Hyde Park-based real estate investment trust, which owns and manages local shopping centers in North and South America, said in a release that net income for the period ending March 31 reached $153. (Newsday -- Business)
Haddon Township candidates address issues Apr 27, 2007
Dave Alamia suppported the idea of using the old Superfresh location in Westmont Plaza and leasing space out to businesses, and Bob Harris said that the property's owner, Kimco Realty, seemed agreeable to a long-term lease. The debt service, he said, would be covered by the businesses leases. (Haddon Herald, NJ)
Zell: Opportunity lurks outside U.S. market Apr 19, 2007
Today's audience included several high-profile panelists with Long Island ties, including RexCorp CEO Scott Rechler; Simon Property Group CEO David Simon, whose company owns the Roosevelt Field, Smith Haven and Walt Whitman malls; and Kimco Realty Corp. vice chairman David B. Henry. Zell's speech, which was introduced with an off-hand remark that "Sam controls all the media as well as all the real estate," scrupulously eschewed any mention of his pending deal with Tribune. (Newsday -- Business)
Metro Crossing moving forward Apr 3, 2007
A deed filed at the Pottawattamie County Auditor's office indicates Kohl's Department Stores has purchased a lot from developers Kimco Realty Corp. and Metro Crossing LLP for $770,000 for roughly five acres of land. The document indicates the sale was made Feb. 27 and filed on March 12. (Council Bluffs Daily Nonpareil, IA)
Kimco CEO's pay package: $2.5M Mar 28, 2007
March 28, 2007 The chairman and chief executive of real estate investment trust Kimco Realty Corp. received a compensation package valued at more than $2. 5 million last year, according to a preliminary proxy statement filed Monday. (Newsday -- Business)
Ailing Club Center gets new ownerPikesville developer paid $7.3 million Mar 9, 2007
Carl Verstandig said he has finalized a deal with Kimco Realty Corp. to purchase the 48,000-square-foot center for $7. 3 million. (Owings Mills Times, MD)
Centro Properties expands U.S. reach Mar 1, 2007
Kimco Realty, the largest U.S. owner of community shopping centers, had a 23 percent increase in fourth-quarter earnings as it tapped rising in U.S. retail sales, which help shopping-center landlords lift rents. . (International Herald Tribune -- Business Asia)
Centro to buy New Plan Excel for $3.4 bln in cash Feb 28, 2007
The latest acquisition would also make Centro Watt Centro's U.S. property management joint venture the third-biggest U.S. shopping centers owner, behind Developers Diversified Realty Group and Kimco Realty Corp, according to Centro. The deal values New Plan at $33. (ABC News -- Wire)
A bright forecast for Kimco Feb 27, 2007
February 27, 2007 Kimco Realty Corp., the nation's largest owner of community shopping centers, yesterday increased its 2007 forecast for funds from operations after receiving $12. 3 million in proceeds from the sale of Albertson's Llc supermarket chain. (Newsday -- Business)
Focus on security Feb 21, 2007
Perry Hall Crossing KIMCO Realty Corp.. Rosedale Plaza KIMCO Realty Corp.. (Towson Jeffersonian, MD)
Township will pass on Annenberg Estate Feb 16, 2007
That buyer, according to the sources, is Kimco Realty Corp. of Hyde Park, N.Y., one of the nation's largest shopping center owners ... Tom Simmons, a representative in Kimco Realty's Lutherville, Md. (Ardmore Main Line Life, PA)
Mills Board Favors Bid by Simon, Farallon Over Brookfield Asset Management Feb 14, 2007
Kimco Realty Corp., the largest U.S. owner of community shopping centers, said today that fourth-quarter earnings increased 23 percent on higher tenant rents. Mills Malls. (Bloomberg -- Canada)
Kimco, Medford Center's owner, sees earnings rise Feb 14, 2007
New Hyde Park, N.Y.-based Kimco Realty Corp., said Tuesday it earned $131. 9 million in the fourth quarter, up from $107. (Mail Tribune, OR)
S&P Downgrades J&J, J.C. Penney Feb 14, 2007
We look for continuing robust conditions for Kimco Realty's tenant retailers, contributions from the large Pan Pacific Properties acquisition, and ongoing international expansion efforts to translate into solid growth. We are keeping our 2007 FFO estimate of $2. (BusinessWeek)
Fourth quarter Kimco profits rise 23 percent Feb 13, 2007
Kimco Realty Corp., the nation's largest owner of community shopping centers, continues to rack up big profits, reporting Tuesday that earnings in the fourth-quarter rose 23 percent on an increase in tenant rents and acquisitions. The New Hyde Park-based company, whose stock has risen dramatically in this year alone, said in an announcement before trading began that it earned $131. (Newsday -- New York City)
MFS, Deutsche Bank Dump REIT Shares as Blackstone Pays Most Ever in Buyout Feb 13, 2007
Kimco Realty Corp. slipped $1. 16 to $50. (Bloomberg)
REIT Mafia Strong-Arms Blackstone Over Bond Offer (Update1) Feb 1, 2007
By working together, the REIT bondholders also pried payments from Blackstone in its acquisition of CarrAmerica Realty Corp., and forced Kimco Realty Corp. to pay more when the company sought permission to reduce restrictions on its borrowing. The group's success has nothing to do with La Cosa Nostra and everything to do with the language in bond documents that limits the amount REITs can borrow against their assets to 40 percent. (Bloomberg)
Vail Ranch restoration in hands of different developer Jan 27, 2007
Arteco will replace Kimco Realty Corp. as the developer of the 4-acre site. Kimco will remain the owner of the 43-acre Redhawk Towne Center at Highway 79 South and Redhawk Parkway, on which the Vail Ranch headquarters is situated. (North County Times)
Conroe Marketplace property sold Jan 20, 2007
New York-based Kimco Realty Corp. and Crow Holdings in Dallas purchased the 350,000-square-foot shopping center from the center's original developer, Gulf Coast Commercial of Houston, said George Cushing, senior vice president with Grubb and Ellis Co.'s Houston office ... " Gulf Coast Commercial has begun constructing the exterior of the anchor site. Arco National Construction Co., the contractor on behalf of Finger, filed a permit with the city of Conroe for the building's interior on Dec. 29.... (Conroe Courier, TX)
GE Real Estate Completes $2.2B Acquisition of a Diversified Portfolio Comprising 147 Assets From Crow Holdings Jan 16, 2007
The properties are geographically dispersed across the U.S. As previously announced, Kimco Realty Corporation (NYSE: ) purchased the 19 retail centers in connection with this transaction for approximately $920 million. "We invest where there are excellent opportunities for growth, both in asset value and portfolio size. This transaction brings us a very large, high quality portfolio of real estate assets that lifts our presence in a number of sectors and markets," commented Joe Parsons,... (PR Newswire)
Tyvola Mall lands discount chain for vacant big box Jan 14, 2007
Kimco Realty Corp. is the leasing agent for Tyvola Mall. Mama Fu's plans rapid expansion. (Charlotte Business Journal, NC)
Is Vail Ranch bucking bronco finally tamed? Jan 13, 2007
"This whole thing is no small feat when you consider, Kimco Realty Corp., doing business as Redhawk Towne Center LLC, is giving up the rights to 4 acres of what would be extremely expensive commercial property that is nearly surrounded by its shopping center.Good for them.We are our memories, so says one theory of "self. "If that is the case, then this is another step in making sure Temecula Valley retains a bit of its soul and of the sense from which it came.We may not be the frontier of... (North County Times)
RioCan walks away from U.S. joint venture Jan 11, 2007
The retail landlord has been the subject of persistent takeover talk for several months and confirmed last year that it did talk with New York-based Kimco Realty Corp. about a merger ... "For investors who view RioCan as a potential takeover target, the termination of the agreement with Ramco will make it less 'complicated' for another party such as Kimco Realty to make a bid for the REIT," he said. (Globe and Mail -- Business)
Shopping cente00004000r magnate steps onto the national stage Jan 8, 2007
Katzman brought in Jeff Olson, a former executive at Kimco Realty Corp., to take over his position as CEO and Valero's job as president. Valero has said that it was his decision to move on. (The Miami Herald)
REITs May Be Poised To Roll On Jan 7, 2007
Among individual REITs, Vinocur recommends the shares of Developers Diversified Realty Co., Regency Centers Corp. and Kimco Realty Corp. in shopping centers; Simon Property Group in large malls; Boston Properties Inc. in offices; Ventas Inc. in health care properties; and Vornado Realty Trust in widely diversified properties. "Think about how much money is in pension funds, and what would happen if they increase their real estate allocation by just 1 percent, creating a huge amount of capital,"... (Hartford Courant)
Commercial real estate funds continue to thrive Jan 7, 2007
recommends the shares of Developers Diversified Realty Co., Regency Centers Corp. and Kimco Realty Corp. in shopping centers; Simon Property Group in large malls; Boston Properties Inc. in offices; Ventas Inc. in health care properties and Vornado Realty Trust in widely diversified properties. "While the office building and shopping-center REITs look just fine, the hotel and health care properties that have been delivering incredibly high returns would appear to be more troublesome," said Andrew... (Sunspot.net -- Business)
Texas food firm leases distribution space Jan 2, 2007
DLC Management Corp. purchased Akers Shopping Center from Kimco Realty Corp. of New Hyde Park, N.Y. Cushman ield's Kris J. Cooper and Margaret K. Caldwell assisted in the sale. DLC is based in Tarrytown, N.Y.. (Atlanta Journal-Constitution -- Business)
