New Jersey retailers are reporting a busy Black Friday shopping weekend, even as many forecasters believed e-commerce would minimize foot traffic in area shopping centers. Westfield Garden State Plaza anticipated 100,000 shoppers and reported a "robust" start to the holidays, while nine Simon-owned centers in the state were at least as crowded as last year.
Interserve in the U.K. and Scottish company Tiger Developments are partnering to build a mixed-use retail center in Edinburgh, Scotland, for $242.8 million. Tenants will include Tesco, Staycity, Prezzo and Pret a Manger.
Retail conditions in Europe are still declining although the rate of decline has slowed, according to International Council of Shopping Centers' Euro-Shop Index. Also, the Expectations Index suggests that the market will not deteriorate further over the next six months.
CapitaMall Trust has increased the maximum aggregate principal amount of notes under its euro-medium term note program to $3 billion from $2 billion. The move, which is effective immediately, has been granted approval by the Singapore Exchange Securities Trading.