DOCSLIB.ORG

Seattle Retail 4Th Quarter  Absorption |  Vacancy |  Rental Rate |  Construction Deliveries 2019

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Seattle Retail 4Th Quarter  Absorption |  Vacancy |  Rental Rate |  Construction Deliveries 2019 MARKET TRENDS | SEATTLE RETAIL 4TH QUARTER ABSORPTION | VACANCY | RENTAL RATE | CONSTRUCTION DELIVERIES 2019 MARKET RENT TREND Rent growth improved in 2019, but slowed in the 4th quarter with year over year rent growth at 1.9%. This is below the five-year average of 2.8%. Retail The retail market is strong in terms of overall occupancy but rents in the region are: Seattle CBD: there are challenges for all retail segments as the market continues $40 to $80/s.f. NNN; Seattle Mixed-Use: to evolve. $30 to $50/s.f. NNN; Suburban: $20 to $40/s.f. NNN. VACANCY NEW & PROPOSED Like many coastal gateways, the Puget Sound region outperforms CONSTRUCTION ACTIVITY the national average with lower vacancy and better rent growth. In Retail development activity is moderate the 4th quarter, the direct vacancy rate was down 33 basis points to with new development at 0.42% of 2.61%. Vacancy is down from the peak of 6.30% in the 1st quarter supply. Smaller scale developments 2011. Total available space (total vacant as well as occupied but are more prevalent whether it is available) decreased 38 basis points from 3.49% to 3.11% and build-to-suits for single tenants or remains well below the recession peak in the 4th quarter 2010 smaller buildings built for two or three at 8.00%. Every County has direct vacancy below 3.1% and total expanding tenants. KG/Principal is available under 3.6%. King County has the largest inventory and underway on Bellevue Central on 116th the lowest direct vacancy. Kitsap County has the highest direct to be anchored by PCC, Target and vacancy at 3.08% and the highest total available at 3.52%. Properties Dave & Busters. Former Sears anchors with 50,000 s.f. or more contiguous vacancy represent 1.0% of at Alderwood Mall and Tacoma Mall total inventory and 15.1% of vacancy. Most of this segment is less are being redeveloped with mixed functional. use. Northgate Mall will be largely LEASE RATE, VACANCY & AVAILABILITY SALES VOLUME, TRANSACTIONS & CAP RATE 2019 RETAIL RENTS $20.00 10% $20B 10.0% SEATTLE $40 to $80/s.f. $16.00 8% CBD $15B 7.5% NNN $12.00 6% 6.2% 6.17% 6.1% 6.1% 5.7% $10B 5.0% SEATTLE $30 to $50/s.f. $8.00 4% MIXED-USE NNN $5B 2.5% $4.00 2% $20 to $40/s.f. SUBURBAN NNN 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 Average Ask Rent Direct Vacancy Total Available Dollar Volume Transactions Cap Rate 4Q 2019 | SEATTLE | RETAIL | KIDDER MATHEWS redeveloped around mixed use and the new NHL team facility as Kidder Mathews is the largest, independent the three anchors (Nordstrom, Macy’s and JC Penney) close. New commercial real estate firm on the West development feasibility is challenged by rising construction costs Coast, with 800 real estate professionals and for developers and occupancy costs for tenants. Development costs staff in 22 offices in Washington, Oregon, are high for hard construction costs due to high levels of activity California, Nevada, and Arizona. We offer in other sectors like residential, office and industrial. Costs are also a complete range of brokerage, appraisal, high for entitlements, including mitigation fees. property management, consulting, project and construction management, and debt equity finance services for all property types. MARKET DEMAND/NET ABSORPTION Net absorption has been positive, with an annual average of 1.87 COMMERCIAL BROKERAGE million s.f. for the five-year period ending in the 4th quarter 2019. Absorption is slowing with the most recent 12 months at 1.62 million s.f. Fitness chains continue to expand with both large and small 20M 40M ANNUAL ANNUAL formats. PCC continues its expansion with announced stores in SALES SF LEASING SF mixed use projects in Bellevue, Ballard, Madison Valley, West Seattle and the Seattle CBD. New Seasons pulled out of the market, closing its Ballard store. The Mercer Island store is being taken over by Met 420+ $9B Market. The planned Capitol Hill store will be taken by PCC instead. NO. OF ANNUAL TRANSACTION BROKERS VOLUME In 2020, department store closures will continue. Macy’s sold the last portion of its Seattle CBD store to Starwood for conversion to office. The former Sears at Kitsap Mall was sold to a value add investor and will be repositioned for multiple tenants. VALUATION ADVISORY INVESTMENT ACTIVITY 1,600+ 39/24 APPRAISALS TOTAL NO. The regional market is targeted by investors for core product ANNUALLY APPRAISERS/MAI’S because of healthy economic conditions. Cap rates are very low for A quality properties and much higher for B and C quality properties. Sales volume was down in for the first three quarters of 2019. However, with a flurry of deals in the 4th quarter, the full year PROPERTY MANAGEMENT volume increased. Larger sales include Redmond Town Center at $200 million, Bellevue Connection at $122 million, a portfolio near 70M+ Alderwood mall at $95 million and Covington Esplanade at $37.4 MANAGEMENT million. In the 4th quarter, there were 96 sales of retail properties of PORTFOLIO SF $2 million or more in the Puget Sound region. 20 are redevelopment The information in this report was composed by sites, 10 are gas stations and 9 are owner user purchases. 57 are pure the Kidder Mathews Research Group. investment sales and of these 22 are single tenant net lease deals. There were 8 drugstores equally distributed with two each for each ANDY ROBINSON, MAI chain in the region. There were 4 Safeways. Albertsons continues Senior Vice President, Shareholder to do sale/leasebacks and typically sells these in portfolios that are Valuation Advisory Services then resold to individual investors. The multitenant sales are a mix of 206.205.0204 core stabilized and value add deals. The range of cap rates is 4.25% [email protected] to 8.12%, with an average of 6.04%. The average marketing time was five months. BRIAN HATCHER Regional President, Brokerage, Northwest 206.296.9634 [email protected] KIDDER.COM VACANCY: DIRECT VS. TOTAL County Vacancy Available King 2.62% 2.84% Kitsap 2.62% 3.30% This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, Pierce 2.46% 3.39% expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of Snohomish 2.41% 3.11% all matters deemed to be material, including, but not limited to, statements of income and expenses. CONSULT YOUR ATTORNEY, Thurston 3.08% 3.52% ACCOUNTANT, OR OTHER PROFESSIONAL ADVISOR. Total 2.61% 3.11% DATA SOURCE: COSTAR 4Q 2019 | SEATTLE | RETAIL | KIDDER MATHEWS.
Load more

Recommended publications
  • Kaiser Permanente CORE Provider List
    Core Plans Provider Directory Table of Contents Personal Physicians 1 (1926 Total) Specialty Care 27 (7979 Total) Behavioral Health Services 170 (2922 Total) Urgent Care 225 (85 Total) Hospitals 228 (69 Total) Pharmacies 231 (283 Total) Other Facilities 239 (848 Total) Kaiser Permanente Washington Medical Centers 261 (25 Total) Index 262 Contact Information back cover kp.org/wa | 1-888-901-4636 | All plans offered and underwritten by Kaiser Foundation Health Plan of Washington i Personal Physicians ADOLESCENT MEDICINE Skagit Regional Health - Arlington Family Bellingham Bay Family Medicine - cont. Medicine 722 N State St 7530 204th St NE (360) 752-2865 Olympia (360) 435-8810 Bowling, Sara Ashley, MD Chaffee, Charles T, MD Fox, Laura Vh, DO Kaiser Permanente Olympia Medical Center Evans, Sarah M, ARNP Hopper, James G, MD 700 Lilly Rd NE Lucianna, Mark A, MD O'Keefe, Karen Davis, MD (360) 923-7000 Schimke, Melana K, MD Skagit Regional Health - Arlington Pediatrics Van Hofwegen, Lisa Marie, MD 875 Wesley St Ste 130 Bellingham Family and Women's Health (360) 435-6525 1116 Key St Ste 106 Kraft, Kelli Malia, ARNP (360) 756-9793 Wood, Franklin Hoover, MD Whitehorse Family Medicine Kopanos, Taynin Kay, ARNP Sprague, Bonnie L, ARNP 875 Wesley St Ste 250 Spokane (360) 435-2233 Bellingham Family Medicine Fletcher, James Rodgers, MD MultiCare Rockwood Main 12 Bellwether Way Ste 230 Janeway, David W, MD (360) 738-7988 400 E 5th Ave Myren, Karen Sue, MD Nuetzmann, John S, DO (509) 838-2531 Carey, Alexandra S, MD Bellevue Fairhaven Family & Sports Medicine
    [Show full text]
  • Chapter 11 ) CHRISTOPHER & BANKS CORPORATION, Et Al
    Case 21-10269-ABA Doc 125 Filed 01/27/21 Entered 01/27/21 15:45:17 Desc Main Document Page 1 of 22 TROUTMAN PEPPER HAMILTON SANDERS LLP Brett D. Goodman 875 Third Avenue New York, NY 1002 Telephone: (212) 704.6170 Fax: (212) 704.6288 Email:[email protected] -and- Douglas D. Herrmann Marcy J. McLaughlin Smith (admitted pro hac vice) Hercules Plaza, Suite 5100 1313 N. Market Street Wilmington, Delaware 19801 Telephone: (302) 777.6500 Fax: (866) 422.3027 Email: [email protected] [email protected] – and – RIEMER & BRAUNSTEIN LLP Steven E. Fox, Esq. (admitted pro hac vice) Times Square Tower Seven Times Square, Suite 2506 New York, NY 10036 Telephone: (212) 789.3100 Email: [email protected] Counsel for Agent UNITED STATES BANKRUPTCY COURT DISTRICT OF NEW JERSEY ) In re: ) Chapter 11 ) CHRISTOPHER & BANKS CORPORATION, et al., ) Case No. 21-10269 (ABA) ) ) (Jointly Administered) Debtors. 1 ) _______________________________________________________________________ 1 The Debtors in these chapter 11 cases and the last four digits of each Debtor’s federal tax identification number, as applicable, are as follows: Christopher & Banks Corporation (5422), Christopher & Banks, Inc. (1237), and Christopher & Banks Company (2506). The Debtors’ corporate headquarters is located at 2400 Xenium Lane North, Plymouth, Minnesota 55441. Case 21-10269-ABA Doc 125 Filed 01/27/21 Entered 01/27/21 15:45:17 Desc Main Document Page 2 of 22 DECLARATION OF CINDI GIGLIO IN SUPPORT OF DEBTORS’ MOTION FOR INTERIM AND FINAL ORDERS (A)(1) CONFIRMING, ON AN INTERIM BASIS, THAT THE STORE CLOSING AGREEMENT IS OPERATIVE AND EFFECTIVE AND (2) AUTHORIZING, ON A FINAL BASIS, THE DEBTORS TO ASSUME THE STORE CLOSING AGREEMENT, (B) AUTHORIZING AND APPROVING STORE CLOSING SALES FREE AND CLEAR OF ALL LIENS, CLAIMS, AND ENCUMBRANCES, (C) APPROVING DISPUTE RESOLUTION PROCEDURES, AND (D) AUTHORIZING CUSTOMARY BONUSES TO EMPLOYEES OF STORES I, Cindi Giglio, make this declaration pursuant to 28 U.S.C.
    [Show full text]
  • Michael Kors® Make Your Move at Sunglass Hut®
    Michael Kors® Make Your Move at Sunglass Hut® Official Rules NO PURCHASE OR PAYMENT OF ANY KIND IS NECESSARY TO ENTER OR WIN. A PURCHASE OR PAYMENT WILL NOT INCREASE YOUR CHANCES OF WINNING. VOID WHERE PROHIBITED BY LAW OR REGULATION and outside the fifty United States (and the District of ColuMbia). Subject to all federal, state, and local laws, regulations, and ordinances. This Gift ProMotion (“Gift Promotion”) is open only to residents of the fifty (50) United States and the District of ColuMbia ("U.S.") who are at least eighteen (18) years old at the tiMe of entry (each who enters, an “Entrant”). 1. GIFT PROMOTION TIMING: Michael Kors® Make Your Move at Sunglass Hut® Gift Promotion (the “Gift ProMotion”) begins on Friday, March 22, 2019 at 12:01 a.m. Eastern Time (“ET”) and ends at 11:59:59 p.m. ET on Wednesday, April 3, 2019 (the “Gift Period”). Participation in the Gift Promotion does not constitute entry into any other promotion, contest or game. By participating in the Gift Promotion, each Entrant unconditionally accepts and agrees to comply with and abide by these Official Rules and the decisions of Luxottica of America Inc., 4000 Luxottica Place, Mason, OH 45040 d/b/a Sunglass Hut (the “Sponsor”) and WYNG, 360 Park Avenue S., 20th Floor, NY, NY 10010 (the “AdMinistrator”), whose decisions shall be final and legally binding in all respects. 2. ELIGIBILITY: Employees, officers, and directors of Sponsor, Administrator, and each of their respective directors, officers, shareholders, and employees, affiliates, subsidiaries, distributors,
    [Show full text]
  • Case 20-13076-BLS Doc 67 Filed 12/07/20 Page 1 of 14
    Case 20-13076-BLS Doc 67 Filed 12/07/20 Page 1 of 14 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE ------------------------------------------------------------ x : In re: : Chapter 11 : Case No. 20-13076 (BLS) FRANCESCA’S HOLDINGS CORPORATION, : et al.,1 : Joint Administration Requested : Debtors. : Re: D.I. 8 ------------------------------------------------------------ x SUPPLEMENTAL DECLARATION OF SHERYL BETANCE IN SUPPORT OF THE DEBTORS’ APPLICATION FOR ENTRY OF AN ORDER AUTHORIZING THE RETENTION AND EMPLOYMENT OF STRETTO AS CLAIMS AND NOTICING AGENT, NUNC PRO TUNC TO THE PETITION DATE Pursuant to 28 U.S.C.§ 1746, I, Sheryl Betance, declare under penalty of perjury that the following is true and correct to the best of my knowledge, information, and belief: 1. I am a Senior Managing Director of Corporate Restructuring at Stretto, a chapter 11 administrative services firm with offices at 410 Exchange, Ste. 100, Irvine, CA 92602. Except as otherwise noted, I have personal knowledge of the matters set forth herein, and if called and sworn as a witness, I could and would testify competently thereto. 2. On December 3, 2020, the Debtors filed the Debtors’ Application for Entry of an Order Authorizing the Retention and Employment of Stretto as Claims and Noticing Agent, Nunc Pro Tunc to the Petition Date [D.I. 8] (the “Application”),2 and the Declaration of Sheryl Betance in Support of the Debtors’ Application for Entry of an Order Authorizing the Retention and 1 The Debtors in these cases, along with the last four digits of each Debtor’s federal tax identification number, are Francesca’s Holdings Corporation (4704), Francesca’s LLC (2500), Francesca’s Collections, Inc.
    [Show full text]
  • 20May200921180164
    Exhibit 99.2 20MAY200921180164 Supplemental Financial Information For the three months and nine months ended September 30, 2009 The Macerich Company Supplemental Financial and Operating Information Table of Contents All information included in this supplemental financial package is unaudited, unless otherwise indicated. Page No. Corporate Overview ...................................................... 1-3 Overview .............................................................. 1 Capital information and market capitalization ................................... 2 Changes in total common and equivalent shares/units .............................. 3 Financial Data .......................................................... 4-5 Supplemental FFO information .............................................. 4 Capital expenditures ...................................................... 5 Operational Data ........................................................ 6-9 Sales per square foot ..................................................... 6 Occupancy ............................................................. 7 Rent................................................................. 8 Cost of occupancy ....................................................... 9 Balance Sheet Information ................................................. 10-13 Summarized balance sheet information ........................................ 10 Debt summary .......................................................... 11 Outstanding debt by maturity date ...........................................
    [Show full text]
  • Greater Seattle Referral Guide
    Greater Seattle Referral Guide JayKipp.com Greater Seattle Referral Guide TABLE OF 6 Economic Snapshot 9 Job Market Outlook 11 Welcome to Seattle: A Guide For Transplants 13 Downtown Seattle Map 14 Downtown Seattle Neighborhoods 16 Seattle Map 14 Seattle Neighborhoods 25 Greater Eastside Map 26 Greater Eastside Neighborhoods 34 West Puget Sound Map 38 West Puget Sound Neighborhoods CONTENTS 2 JayKipp.com Greater Seattle Referral Guide Introduction JAY KIPP MANAGING BROKER 206.853.9153 [email protected] With 15 years of residential real estate brokerage experience, Jay brings a wealth of knowledge regarding appraisal, market analysis, capital markets and property marketing to any real estate transaction. His personal connection to real estate developers, lenders and builders also help his clients stay abreast of relevant real estate trends. Nearly forty five years of combined knowledge and service excellence, Team Kipp is a dynamic and skilled group dedicated to streamlining the real estate experience. They proudly combine a unique skill set backed with with a prestigious global brand and marketing excellence. CHRISTINE KIPP SENIOR GLOBAL REAL ESTATE ADVISOR 425.260.3934 [email protected] Christine specializes In luxury properties east of Seattle. She specializes in representing quality lifestyle properties including waterfront, view, and fine acreage estates throughout the region. Chris is recognized among peers for her accomplished sales record and for her honesty, integrity, and care with which she oversees each client’s needs.
    [Show full text]
  • This Is Not a Mall.1
    This is not a mall.1 The Macerich Company ANNUAL REPORT 2001 For additional information about Macerich, our Form 10-K for the year ended December 31, 2001 is included in this Annual Report for your review. 2001 2000 1999 1998 1997 (All amounts in thousands, except per share and property data) OPERATING DATA Total revenues $ 334,573 $ 320,092 $ 327,444 $ 283,861 $ 221,214 Shopping center and operating expenses $ 110,827 $ 101,674 $ 100,327 $ 89,991 $ 70,901 REIT general and administrative expenses $ 6,780 $ 5,509 $ 5,488 $ 4,373 $ 2,759 Earnings before interest, income taxes, depreciation, amortization, minority interest, extraordinary items, gain (loss) on sale of assets and preferred dividends (EBITDA) – includes joint ventures at their pro rata share (1) $ 323,798 $ 314,628 $ 301,803 $ 230,362 $ 154,140 Net income $ 77,723 $ 56,929 $ 129,011 $ 44,075 $ 22,046 Net income per share – diluted $ 1.72 $ 1.11 $ 2.99 $ 1.06 $ 0.85 OTHER DATA FFO – diluted (2) $ 175,068 $ 167,244 $ 164,302 $ 120,518 $ 83,427 Cash distributions declared per common share $ 2.14 $ 2.06 $ 1.965 $ 1.865 $ 1.78 Portfolio occupancy at year end 92.4% 93.3% 92.8% 93.2% 91.8% Average tenant sales per square foot – mall and freestanding stores $ 350 $ 349 $ 336 $ 319 $ 317 BALANCE SHEET DATA Investment in real estate (before accumulated depreciation) $ 2,227,833 $ 2,228,468 $ 2,174,535 $ 2,213,125 $ 1,607,429 Total assets $ 2,294,502 $ 2,337,242 $ 2,404,293 $ 2,322,056 $ 1,505,002 Total mortgage, notes and debentures payable $ 1,523,660 $ 1,550,935 $ 1,561,127 $ 1,507,118 $ 1,122,959 Minority interest (3) $ 113,986 $ 120,500 $ 129,295 $ 132,177 $ 100,463 Common stockholders’ equity plus preferred stock $ 596,290 $ 609,608 $ 648,590 $ 610,760 $ 216,295 (1) EBITDA, as presented, may not be comparable to similarly titled measures reported by other companies.
    [Show full text]
  • Organizations with Certificates of Insurance
    CERTIFICATES of INSURANCE 08.02.21 - 08.01.22 THIS IS A CURRENT LIST OF ORGANZIATIONS THAT HAVE RECEIVED GIRL SCOUTS OF WESTERN WASHINGTON COI. 4 CORNERS SELF STORAGE 24215 SE 271st Place Maple Valley WA 98038 Aberdeen School District 216 N. G St. Aberdeen WA 98520 Agnus Dei Lutheran Church Attn: Cindy 10511 Peacock HIll Ave NW Gig Harbor WA 98332 Aldersgate United Methodist Church Attn: Wendi Brick 14230 SE Newport Way Bellevue WA 98006 Alki UCC Attn: Larisa Wanserski 6115 SW Hinds Seattle WA 98116 American Girl Store Attn: Anthony Walser 3000 184th St SW Lynnwood WA 98037 Anacortes Lutheran Church Attn: Rachel Devine 2100 O Avenue Anacortes WA 98221 Anacortes School District 2200 M Ave Anacortes Anacortes WA 98221 Annie Wright Schools Attn: Erin Gann 827 N. Tacoma Ave Tacoma WA 98403 Archdiocese of Seattle St. John the Evangelist 106 N 79th St Seattle WA 98103 Archdiocese of Seattle-St Michael's School St. Michael Parish & School 1208 11th Avenue Olympia WA 98501 Arena Sports, Inc Attn: Whitney Simmons 9040 Willows Rd NE # 102 Redmond WA 98115 Arlington Boys & Girls Club 18513 59th Ave. NE Arlington WA 98223 Arlington School District Attn: Katherine Ray 315 North French Avenue Arlington WA 98223 Assumption St. Bridgett School 6220 32nd Ave., NE Seattle WA 98155 AUBURN PARKS & RECREATION 910 Ninth Street SE Auburn WA 98002 Auburn School District 915 - 4th Street, NE Auburn WA 98002 74169- Avis Budget Group, Inc. and its Subsidiaries 4500 S. 129th East Ave., Suite 100 PO Box 690360 Tulsa OK 0360 Bainbridge Island Parks & Recreation Attn: Mike Mejia 7666 NE High School Road Bainbridge Island WA 98110 Bainbridge Island School District 8489 Madison Ave.
    [Show full text]
  • Sears Store Locations
    Sears Store Locations ST City Name Address Adress2 Zip AK ANCHORAGE ANCHORAGE(SUR) 700 E NORTHERN LIGHTS BLVD 99503 AK WASILLA WASILLA 1000 S SEWARD MERIDIAN RD 99654 AL BIRMINGHAM BIRMINGHAM/RIVERCHASE RIVERCHASE GALLERIA MALL 2500 RIVERCHASE GALLERIA 35244 AL GADSDEN GADSDEN GADSDEN MALL 1001 RAINBOW DR 35901 AL TUSCALOOSA TUSCALOOSA 207 UNIVERSITY MALL 1701 MCFARLAND BLVD E 35404 AR FORT SMITH FT SMITH CENTRAL MALL 5111 ROGERS AVE 72903 CA CITRUS HTS CITRUS HTS-SUNRISE SUNRISE MALL 5900 SUNRISE MALL 95610 CA CLOVIS CLOVIS SIERRA VISTA MALL 1140 SHAW AVE 93612 CA EL CAJON EL CAJON PARKWAY PLZ 575 FLETCHER PKWY 92020 CA EUREKA EUREKA BAYSHORE MALL - BOX 1 3300 BROADWAY 95501 CA FRESNO FRESNO MANCHESTER CTR 3636 N BLACKSTONE AVE 93726 CA MODESTO MODESTO VINTAGE FAIRE MALL 100 VINTAGE FAIRE MALL 95356 CA PALMDALE PALMDALE ANTELOPE VLY MALL 1345 W AVENUE P 93551 CA REDDING REDDING MOUNT SHASTA MALL 1403 HILLTOP DR 96003 CA ROSEVILLE ROSEVILLE GALLERIA AT ROSEVILLE 1191 GALLERIA BLVD 95678 CA SANTA ROSA SANTA ROSA SANTA ROSA PLAZA 100 SANTA ROSA PLAZA 95401 CA TEMECULA TEMECULA TEMECULA VALLEY MALL 40710 WINCHESTER RD 92591 CA VISALIA VISALIA SEQUOIA MALL 3501 S MOONEY BLVD 93277 CO COLORADO SPGS COLORADO SPRINGS CHAPEL HILLS S/C 1650 BRIARGATE BLVD 80920 CO PUEBLO PUEBLO PUEBLO MALL 3201 DILLON DR 81008 CT DANBURY DANBURY DANBURY FAIR MALL 7 BACKUS AVE (EX 3 RT 84) 06810 CT WATERFORD WATERFORD 850 HARTFORD TNPK RTS 85 AND 95 06385 DE DOVER DOVER 1000 DOVER MALL RR 13 19901 FL GAINESVILLE GAINESVILLE OAKS MALL 6201 W NEWBERRY RD 32605 FL
    [Show full text]
  • Quicklinks -- Click Here to Rapidly Navigate Through This Document SECURITIES and EXCHANGE COMMISSION Washington, D.C
    QuickLinks -- Click here to rapidly navigate through this document SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 /x/ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2000 or / / Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-12504 FORM 10-K (Exact name of registrant as specified in its charter) Maryland (State or other jurisdiction of incorporation or organization) 401 Wilshire Boulevard, # 700 Santa Monica, California 90401 (Address of principal executive offices and zip code) 95-4448705 (I.R.S. Employer Identification No.) Registrant's telephone number, including area code: (310) 394-6000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Common Stock, $0.01 Par Value Preferred Share Purchase Rights Name of each exchange on which registered New York Stock Exchange New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter periods that the registrant was required to file such report(s)) and (2) has been subject to such filing requirements for the past 90 days. Yes /x/ No / /. Indicate by a check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of the registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to the Form 10-K.
    [Show full text]
  • Kitsap Mall Silverdale, Washington Perhaps No County in the United States Is Undergoing
    Kitsap Mall Kitsap Mall Silverdale, Washington Perhaps no county in the United States is undergoing as radical a change as Kitsap County, Wash. The PORT LUDLOW, WA gateway to the Olympic Peninsula, Kitsap County, and specifically Silverdale, is transforming into a BAINBRIDGE ISLAND, WA destination in its own right based on its defense- and BREMERTON, WA SEATTLE, WA transportation-based economy, expanding medical facilities, and new, affordable housing. VASHON ISLAND, WA 10 MILES That transformation is reflected in the evolution of Kitsap Mall into a multi-faceted regional center, serving its captive residential market and growing numbers of visitors. With strong anchors and a focus on dining and apparel, Kitsap Mall serves them all. Kitsap Mall Silverdale, Washington • Enclosed single-level regional mall • At the Intersection of Highways 3 and 303 • Only regional mall on the Kitsap and Olympic Peninsula • Closest enclosed mall is 40 miles away Property Description major roads Highways 3 and 303 center description Enclosed, one-level center anchors Macy’s, JCPenney, Kohl’s, Sears, Barnes & Noble, and Dick’s total sf 966,000 Sporting Goods # of stores 100 key tenants Cost Plus World Market, TJ Maxx, Tuesday Morning, Michaels, Just Sports, H&M, Pink, Buckle, Torrid, # of parking 3,700 Qdoba, Potbelly, Red Robin, and Buffalo Wild Wings THE CENTER THE MARKET STARWOOD Kitsap Mall “A natural setting for a wide range of adventure sports including world-class kayaking, cycling, running and mountain biking trails and events” — VisitKitsap.com THE
    [Show full text]
  • Kitsap Mall Silverdale, Washington Located in the Gateway to the Olympic Peninsula
    Kitsap Mall Kitsap Mall Silverdale, Washington Located in the gateway to the Olympic Peninsula PORT LUDLOW, WA Only enclosed regional shopping center within 40 miles Strong anchors with a focus on dining BAINBRIDGE ISLAND, WA and fashion BREMERTON, WA SEATTLE, WA Serves a captive residential market and growing number of visitors VASHON ISLAND, WA Serves Naval Base Kitsap with its 36,000 personnel, civilian employees, 10 MILES and contractors Kitsap Mall Silverdale, Washington Enclosed single-level regional mall Located in the heart of Silverdale, at Highways 3 and 303 In-demand tenants and a strong dining core Ferry system offers easy commute to Seattle Property Description major roads Highways 3 and 303 center description Enclosed, one-level center Macy’s, JCPenney, Kohl’s, Sears, Barnes & Noble, and Dick’s total sf 966,000 anchors Sporting Goods # of stores 100 key tenants Cost Plus World Market, TJ Maxx, Tuesday Morning, H&M, Michaels, American Eagle Outfitters, PINK, Buckle, Torrid, # of parking 3,700 Qdoba, Potbelly, Red Robin, and Buffalo Wild Wings THE CENTER THE MARKET STARWOOD Kitsap Mall “A natural setting for a wide range of adventure sports including world-class kayaking, cycling, running and mountain biking trails and events” — VisitKitsap.com THE CENTER THE MARKET STARWOOD Kitsap Mall One-stop shopping with six anchors, 80+ stores and adjacent open-air centers In-demand tenants include Dick’s Sporting Goods, H&M and TJ Maxx Ongoing remerchandising includes new dining and new-to-market specialty tenants A Captivating Center
    [Show full text]