Advertisement
YOU ARE HERE: LAT HomeCollectionsShopping Centers
IN THE NEWS

Shopping Centers

FEATURED ARTICLES
NEWS
August 14, 2000 | CAITLIN LIU and EDGAR SANDOVAL, TIMES STAFF WRITERS
A shootout Sunday between armored car guards and gunmen, one armed with an AK-47 assault rifle, left one bystander dead and at least three people wounded after a botched robbery outside a Van Nuys Costco store teeming with shoppers, authorities said. Panic-stricken customers, many with children, dived for cover in the pandemonium. Bullets shattered car windows 100 yards away.
ARTICLES BY DATE
BUSINESS
April 26, 2014 | By Tiffany Hsu
Alexander McQueen, the late British designer and high fashion's enfant terrible , wasn't the type to hang around a discount mall alongside a Riverside County freeway. But that's where his eponymous label opened its first U.S. outlet store a few days ago. In addition to McQueen - the label responsible for Kate Middleton's royal wedding dress - powerhouse brands Helmut Lang and Belstaff also launched their first North American outlets in the same mall, Desert Hills Premium Outlets.
Advertisement
NEWS
December 3, 2000 | Associated Press
Rescue workers on Saturday pulled bodies from the rubble of a shopping center that collapsed, killing eight people and injuring 32 others in southeastern China, state media and a city official reported. Initially, more than 100 people were believed to have been trapped under debris after the accident Friday afternoon in Dongguan, state media reported.
CALIFORNIA | LOCAL
April 10, 2014 | By Christine Mai-Duc
Authorities in the Northern California town of Roseville responded to a wild call Wednesday after a 4-foot crocodile was found wandering around in a suburban shopping center. Its mouth taped shut, the stray reptile was apparently abandoned in front of a pet store near a TJ Maxx parking lot in Roseville, said police Sgt. Kelby Newton. The Nile crocodile had been left in a makeshift cage - a gray plastic tub taped shut with duct tape - but escaped, Newton said. Next to it was a note that instructed its finder to “call rescue.” The crocodile wandered past a Panera Bread restaurant and a pizza joint before stopping at a local runner's store.
REAL ESTATE
April 24, 1988
Are shoppers moving from malls back to community shopping centers? Schurgin Development Cos., Los Angeles, thinks so and, with $60 million, is out shopping for existing, underperforming centers. Mark Alan Fluent, manager/retail property acquisitions, says that many shoppers feel that it is getting more difficult to shop at large malls and this is driving them back to community shopping centers.
BUSINESS
May 25, 2010 | By Roger Vincent, Los Angeles Times
The nation's shopping center industry grew only slightly last year, reaching nearly 105,000 centers in operation, but appears poised to pick up the pace, the International Council of Shopping Centers said Monday. There was little growth in the number of shopping centers between 2008 and May 2010, the most significant slowdown in expansion since at least 1971, according to a study by real estate data provider CoStar Group Inc., which was commissioned by the International Council of Shopping Centers.
CALIFORNIA | LOCAL
October 17, 1990 | DAVAN MAHARAJ and LESLIE EARNEST, TIMES STAFF WRITERS
After a two-hour debate, the City Council on Tuesday night agreed to postpone a decision on a proposed 17-acre shopping center that some residents claim would obstruct their ocean views. The residents had appealed to the council to overturn Planning Commission approval of the controversial project by Shea Business Properties. Council members said the residents' appeal was valid but decided on a 3-0 vote to take up the issue at the next council meeting, Nov. 6. Mayor Patricia C.
CALIFORNIA | LOCAL
March 22, 1997
After a long wait and a bitter fight over a few million dollars, Pasadena officials joined developers Danny Bakewell and Lonnie Bunkley on Friday in a ground-breaking ceremony for a shopping center. The Fair Grove Renaissance Plaza, a 5.1-acre project, is expected to serve as the "anchor of the northwest Pasadena community," Mayor William Paparian said.
BUSINESS
August 17, 2000
Pan Pacific Retail Properties Inc. said it acquired Sycamore Plaza, a neighborhood shopping center in Anaheim, for about $7.4 million. The center at State College Boulevard and La Palma Avenue is 94% leased, and is anchored by a Stater Bros. supermarket and Sav-on Drugs. Pan Pacific, which is based in San Diego, is an equity real estate investment trust that acquires, renovates, develops and manages shopping centers in the Western United States.
BUSINESS
January 31, 2014 | By Tiffany Hsu
Friday is the first day of Chinese New Year, a multi-day celebration marked by money-stuffed red envelopes, dragon imagery and, in the Southland, a flood of tourists from Asia. For the first time, many local shopping centers are greeting the surge in potential customers with fanfare and parades dedicated to the Year of the Horse, festooning their courtyards with paper lanterns and hiring experts in traditional Chinese arts. The hullabaloo over the holiday - also known as the Spring Festival or Lunar New Year - is a calculated move at many of those retail properties, designed to attract the region's vast and growing Asian presence into stores after a lackluster year for retail sales.
BUSINESS
December 18, 2013 | By Tiffany Hsu
With a week to go before Christmas, retailers are in full battle mode, with many unveiling plans to keep their stores open for marathon stretches to give last-minute gift buyers every opportunity to spend. Toys R Us will throw its doors wide starting at 6 a.m. Dec. 21 - the consumption craze known as Super Saturday - and won't wrap up until 9 p.m. Christmas Eve. During that 87-hour spree, the chain also will tempt customers with price-matching programs, a constant cycle of inventory updates and discounts on hot items such as the Furby Boom toy. In New York's Times Square, the Toys R Us store has been open since 8 a.m. Dec. 1 and will remain operational through 10 p.m. on Dec. 24 in an unprecedented 566-hour run. Then there's Kohl's, whose doors will stay unlocked for more than 100 straight hours for the first time.
BUSINESS
December 4, 2013 | By Roger Vincent
Fred Sands, whose name once was posted on for-sale signs on houses all over Los Angeles' affluent Westside, quit selling homes more than a decade ago. But he has quietly built another real estate empire. The striving son of a New York cabby and small-business man, Sands built the largest independent residential real estate brokerage in California with 65 offices and 4,000 employees. Fred Sands Realtors and affiliated companies generated $9.4 billion a year in sales when he sold it in late 2000.
CALIFORNIA | LOCAL
November 18, 2013 | By Emily Foxhall
When the lights were flipped on, the 90-foot Christmas tree at Fashion Island stood as another enormous sentry in the forest of arbors that sparkle to life during the holidays in shopping centers throughout Southern California. But the white fir, which cost roughly $1,000 a foot, still came up 25 feet short of being the tallest in the region. That's because the title of tallest tree comes at a premium and is covered by a contract so precise that the buyer is guaranteed a 15-foot height advantage over the next loftiest competitor.
BUSINESS
November 1, 2013 | Tiffany Hsu
Count on coal this Christmas. That's what researchers at Morgan Stanley are saying in the first major forecast of a decidedly dour holiday season. Retailers hoping for a respite from a year of so-so shopping can instead expect the worst Thanksgiving-to-Christmas sales since 2008, the financial services firm said Thursday. Five years ago, the industry was free-falling into recession. This year, a new collection of worrisome economic conditions looms as stores gear up for a period that can sometimes account for 40% of annual revenue.
BUSINESS
October 11, 2013 | By Tiffany Hsu
Retail sales during the prime back-to-school shopping month of September grew but were still muffled by heavy head winds that could affect holiday spending. The gauge of same-store sales, which calculates sales at stores open for more than a year, rose "a modest" 4% compared with September 2012, according to Retail Metrics Inc. But Ken Perkins, president of the research firm, had projected a 4.1% upswing. Without the strong performance of drugstores - Walgreens' sales soared 7.4% last month - the retail sales measure increased 2.8%.
CALIFORNIA | LOCAL
August 22, 2013 | By Anna Gorman
Sen. Barbara Boxer (D-Calif.) attacked Republicans on Thursday for their repeated attempts to repeal Obamacare, saying threats to shut down the government or limit the debt ceiling are irresponsible and ineffective. “The big problem we have are Republicans,” she said, speaking at a health center in North Hollywood. “They are the obstacle.” Despite the continued discussions about repeal, Boxer said the states and federal government are moving forward with the Affordable Care Act and plan to begin enrolling people in new coverage options in October.
BUSINESS
July 29, 2013 | By Tiffany Hsu
The Fig & Olive restaurant chain drips with foodie cred. The eateries, which started in Manhattan, feature fancy olive oils and celebrity sightings. An average diner's check easily breaches $50. The Mediterranean-inspired cuisine is the antithesis of quick-stop mall chow. But come November, a Fig & Olive will open in a 12,000-square-foot space at Fashion Island in Newport Beach, beating out 50 others for the prime spot away from the main shopping plaza. There will be ocean views, a garden with a fireplace, wine shelves and a white room inspired by the Cote d'Azur.
Los Angeles Times Articles
|