All Aboard! Taubman Malls Open The Snow Globes Featuring The Polar Express With Pajama Program Nov 8, 2008
Source: Taubman Centers, Inc. ... Source: Taubman Centers, Inc. ... Taubman Centers, Inc. (NYSE: - ) is a real estate investment trust engaged in the development and management of regional and super regional shopping centers. (Yahoo! Wire -- Entertainment News)
Taubman Centers Issues Third Quarter Results Oct 22, 2008
(PRNewsFoto/Taubman Centers, Inc.) BLOOMFIELD HILLS, MI UNITED STATES ... Oct. 21 /PRNewswire-FirstCall/ -- Taubman Centers, Inc. (NYSE: ) today reported financial results for the quarter and year-to-date periods ended September 30, 2008 ... "Given the current environment, we're very pleased that our business continues to generate solid results," said Robert S. Taubman, chairman, president and chief executive officer of Taubman Centers. (PR Newswire)
'Phipps Plaza North' could get OK in Forsyth Oct 15, 2008
Retail shopping center developer Taubman Centers Inc. could clear one of the last major hurdles Tuesday in its push to build what some are calling Phipps Plaza North in Forsyth County. The Forsyth County Commission has made a last-minute change to Tuesday s work session agenda to take up a long-discussed development agreement. (Atlanta Journal-Constitution -- Metro)
Forsyth to delay voting on high-end mall Sep 19, 2008
Taubman Centers Inc. has plans for a massive development at Ga. 400 and McFarland Road that would include hotels, Class A office space, high-end housing and a mall anchored by upscale department stores, such as Nordstrom or Neiman Marcus. (Atlanta Journal-Constitution -- Metro)
Yesterday's trading: Liberty rockets on buyout buzz Aug 27, 2008
Apparently, Simon Property and Westfield have worked together before in failed takeover attempts for Rodamco North America, Taubman Centers and Mills, and so they could work together to carve up Liberty. Particularly as rumours were doing rounds that former boss Sir Donald Gordon, who along with family interests owns 21% of Liberty, is now ready to sell at the right price. (This is Money)
Mutual Funds &Personal Finance Aug 22, 2008
His Q2 real estate buys included regional shopping center operators: Taubman Centers, () Federal Realty Investment Trust () and Simon Property Group. (). (Investors Business Daily)
Shop till you drop $500, get free goodies Jul 18, 2008
A $34 value: Seven Taubman Centers are dangling this LeSportsac toiletry bag ... Those who journey more than 50 miles and spend at least $500 during a single day at certain Taubman Centers properties get a $34 LeSportsac toiletry bag by offering proof of residence, while supplies last ... "We wanted to reward travelers," says Taubman Centers spokeswoman Karen MacDonald, who adds that the purchasing picture isn't necessarily bleak. (USA Today -- Travel)
Forsyth, Cumming reach agreement on sales tax May 30, 2008
" Forsyth County has had SPLOSTs for 20 years. Voters overwhelmingly approved a five-year extension of the tax in February, with a commitment from the county commission that a majority of the money would go to road improvements. But Cumming officials objected to the Forsyth County Commission's plans to divide the proceeds, 95.71 percent for the county and 4.29 percent for the city. The city filed suit before the February referendum and lost. Stone ruled in the city's favor when the lawsuit was... (Atlanta Journal-Constitution -- Metro)
Hemlines doing their part for the economy May 5, 2008
In 2004, a survey by Taubman Centers Inc., a Bloomfield Hills, Mich. -based real estate investment trust that builds shopping centers, called the hemline indicator a "quirky -- yet historically accurate -- forecasting tool." The survey results, republished in numerous outlets, likened an "ankle duster" to uncertain times, and "cheesecake" to good times ahead. (Yahoo News -- Fashion and Modeling)
Plan for huge mall in Forsyth approved Apr 5, 2008
The Forsyth County Commission unanimously approved a zoning overlay district Thursday night, specifically drawn for the proposed Taubman Centers Inc. development. Recent headlines. (Atlanta Journal-Constitution)
Adelante Shares(TM) LLC Announces Quarterly Rebalancing of the: Mar 15, 2008
-- Adelante Shares RE Growth Index added Strategic Hotels ts, Inc. (NYSE: ), HCP, Inc. (NYSE: ), Hersha Hospitality Trust (AMEX: ), Equity Residential (NYSE: ), Host Hotels ts, Inc. (NYSE: ), Health Care REIT, Inc. (NYSE: ), Federal Realty Investment Trust (NYSE: ), EastGroup Properties, Inc. (NYSE: ), First Industrial Realty Trust, Inc. (NYSE: ), Equity Lifestyle Properties, Inc. (NYSE: ), Nationwide Health Properties, Inc. (NYSE: ), U-Store-It Trust (NYSE: ) and deleted Ventas, Inc. (NYSE: ),... (PR Newswire)
U.S. malls start to feel consumer slowdown Mar 15, 2008
Representatives at Taubman Centers and Simon Property Group, two of the largest mall operators in the United States, said the department stores and other big chains that anchor most shopping centers are in good financial shape. Bill Taubman, chief operating officer of Taubman Centers, predicted more store closings and bankruptcies than last year but said he did not expect them to reach historic highs. (International Herald Tribune -- Business)
Plans for Forsyth regional mall forge ahead Feb 28, 2008
By a 3-1 vote, with one member absent, the Forsyth Planning Commission decided to recommend approval of a special, zoning overlay district for Taubman Centers Inc.. RELATED LINK. (Atlanta Journal-Constitution -- Metro)
Mini city alternative to Buckhead Feb 18, 2008
Other than Buckhead, Prospect Park's closest competitor for providing luxury shopping would be a mall proposed in Forsyth County by Taubman Centers Inc. The Taubman project is in early planning stages and expected to open no sooner than 2011. WHEN WILL IT BE DONE. (Atlanta Journal-Constitution -- Business)
Cintas Corporation nomme Ron Tysoe au conseil d'administration Jan 21, 2008
M. Tysoe est membre du conseil d'administration de E.W. Scripps Company, Taubman Centers, la Canadian Imperial Bank of Commerce, et NRDC Acquisition Corp., une SPAC (Special Purpose Acquisition Corporation) r. cemment form. (BusinessWire)
* Canadian 'loonies' flying south for shopping malls Dec 30, 2007
Canadians made up at least 20 percent of business since the US Thanksgiving holiday on Nov. 22 at four malls operated by Taubman Centers Inc along the Canadian border, said Karen MacDonald, a company spokeswoman. At the University Mall in South Burlington, Vermont, Canadian business is up about 20 percent for the year, according to marketing director Geri Ann Higgins. (Taipei Times, Taiwan -- World)
Experts divided on growth of retail sales over holidays Dec 27, 2007
Another big mall operator, Taubman Centers, reported most shoppers came in for new purchases, not just returns or exchanges. If retail spending growth ends up more in line with the seasonally adjusted 3. (USA Today -- Money)
Gift Cards Spread to Gasoline, Living Expenses, Help U.S. Consumers Cope Dec 27, 2007
Malls in Florida and Virginia reported 25 percent of purchases coming from gift cards today, Taubman Centers Inc. said in a statement. The company operates 24 shopping centers. (Bloomberg)
Last-minute buyers give retailers relief Dec 26, 2007
Meanwhile, Karen MacDonald, spokeswoman at Taubman Centers Inc., which operates 24 malls in 11 states, said the "entire weekend" was strong and the malls on Monday were busy from the time they opened. Based on a spot check of malls, stores are recording low-single digit sales increases this holiday season, she said, but they're also looking to the week ahead when gift cards are redeemed. (Anchorage Daily News)
Canadian stores not thankful for strong loonie Dec 20, 2007
Canadians made up at least 20 percent of business since Thanksgiving at four malls operated by Taubman Centers Inc. along the Canadian border, said Karen MacDonald, a company spokeswoman. At the University Mall in South Burlington, Vt. (MSNBC -- Business)
Fee flap stalls plans for Port St. Lucie mall Dec 17, 2007
An agent for Taubman Centers Inc., which is planning to open a 1. 4 million-square-foot mall in Tradition in 2011, told planners he expects to pay fees when a development application is filed and would like to waive planning fees until then, records show. (The Palm Beach Post)
Holiday shoppers are slow to bite; retailers try new bait Dec 10, 2007
Karen MacDonald, spokeswoman for Taubman Centers Inc., which operates 24 malls across 11 states, said business Saturday was anywhere from unchanged to up mid-single digits from a year ago. For the week ended Saturday, sales were up anywhere from low to mid-single digits from the year-ago period. (Scranton Times, PA)
Holiday shopping: More traffic, less spending Dec 2, 2007
At Twelve Oaks Mall, sales were flat at stores surveyed, yet mall gift cards rose by double-digits for the day, See SHOPPERS, Page D5 according to Taubman Centers Inc., which owns both malls. Friday was even better for the malls. (Montana Standard, MT)
Retailers have a strong start to the holiday shopping season Nov 27, 2007
Karen MacDonald, spokeswoman at Taubman Centers, which operates 24 malls across 11 states, estimated that business was up anywhere from mid to high single digits Friday, while sales Saturday increased by as much as the mid-single digits. Both Macerich Co. and Simon Property Group reported strong sales at malls across the country over the weekend. (Somerset Daily American, PA)
Retailers have a strong start to the holiday shopping season, but shoppers need to keep buying Nov 26, 2007
"The nation's stores worked hard to lure shoppers with expanded hours, including midnight openings, and a blitz of early morning specials Friday. J.C. Penney and Kohl's opened at 4 a.m., an hour earlier than a year ago.Many stores were also more focused on discounting products that they knew shoppers wanted. Gail Lavielle, a spokeswoman at Sears Holding Corp., which operates Kmart and Sears stores, said it zeroed in on great deals on electronics, instead of offering deep discounts on a wide... (North County Times)
Retailers Report $16.4B Two-Day Tally Nov 26, 2007
Retailers Report $16. Monday, November 26, 2007, 8:50 am. (WNBC.com, NY)
Syosset's luxury mall in limbo Nov 26, 2007
Since being unveiled in 1993, the proposed half-billion dollar project by Taubman Centers Inc., the family's publicly traded real estate investment firm, has faced stiff opposition from its Syosset neighbors and local politicians and been mired in legal and zoning battles. Related links. (Newsday -- World)
Retailers Buoyed by Strong Holiday Start Nov 26, 2007
SIGN UP FOR FREE NEWS ALERTS. Sunday, November 25, 2007 8:32 PM. (Newsmax)
Black Friday Bargain Frenzy Starts Nov 23, 2007
This year, mall operator Taubman Centers offered $20 gift vouchers to Canadian shoppers to splurge at its four Detroit-area malls on Black Friday. According to Taubman Center spokeswoman Karen MacDonald, the Windsor-Detroit Tunnel already had a 30 minute backup as early as 5 a.m. on Friday. (News4Jax.com, FL)
Terror-proof? Nov 18, 2007
Owned by luxury mall operator Taubman Centers Inc, Woodfield mall is among the five biggest U.S. malls, covering some 2. 7 million square feet, and is home to nearly 300 stores. (Yahoo News)
Macao Studio City Brings the First W Hotel to Macao Aug 10, 2007
When completed, Macao Studio City will boast some of the most comprehensive entertainment and retail facilities of any single property in Macao, as well as a one million square foot Studio RetailTM complex called The Mall at Studio City -- created in partnership with Taubman Centers, Inc. About W Hotels W Hotels is a global lifestyle brand with 21 properties in the most vibrant cities around the world. Inspiring and indulging its guests with thoughtful, refreshing and stylish experiences,... (PR Newswire)
Skybridge support high Jul 26, 2007
But officials with Taubman Centers Inc., the church's retail partner in the project, say the center depends on having two levels of shopping a viable setup only if a walkway exists to connect to the second levels across the street. The new poll shows Salt Lakers as more evenly split on the idea than people in the rest of the state. (Deseret News)
Taubman Centers Announces Strong Second Quarter Results Jul 25, 2007
July 24 /PRNewswire-FirstCall/ -- Taubman Centers, Inc. (NYSE: ) today announced strong financial results for the second quarter 2007 and increased guidance for the year ... Taubman Centers' Funds from Operations (FFO) per diluted share was $0 ... "This strong performance reflected growth in rents and recoveries at our centers and an increase in lease cancellation revenue," said Robert S. Taubman, chairman, president and chief executive officer of Taubman Centers. (PR Newswire)
Thai mall operator to expand in Vietnam Jul 2, 2007
The Chinese retail property market is oversupplied with poor-quality shopping centers, Morgan Parker, president of Asian operations at Taubman Centers, the U.S. operator of luxury malls that is developing property in Macao and South Korea, said June 21. Central Pattana is also studying a plan to sell shares in a real estate investment trust to domestic investors, Naris said. (International Herald Tribune -- Business Asia)
Growth steady for PSL Jun 28, 2007
"I don't think Taubman would be looking at us right now if it weren't for that growth rate," he said, referring to plans by Taubman Centers Inc. to open a regional mall in Tradition by 2011. Indeed, despite an ebb in new housing starts the past year, commercial activity is at an all-time high, leaving the planning and zoning department with its fourth-busiest year on record, Cooper sad. (The Palm Beach Post)
Develop it already Jun 14, 2007
Town officials, especially chief obstructionist (aka Town Supervisor) John Venditto, should stop their endless string of frivolous appeals against the project by Taubman Centers. The mall will feature Neiman Marcus, its first Long Island store, as well as Nordstrom, Barneys and dozens of other national retailers. (Newsday -- Opinion)
Coalition fights mall in Syosset Jun 4, 2007
Michigan-based developer Taubman Centers Inc. purchased the site from Tribune Co., Newsday's parent, in 2004. Taubman has been in a lengthy court battle with the town about its plans to build an 860,000-square-foot mall. (Newsday)
Shopping hubs coming Jun 3, 2007
Developer: Core Communities, Taubman Centers Inc. named the mall builder. The new look: A 1. (Vero Beach Press Journal)
Huge PSL shopping center nixed Jun 1, 2007
-based Taubman Centers Inc. is planning a 1. 1 million-square-foot shopping mall scheduled to open by 2011. (The Palm Beach Post)
Skybridge popular May 29, 2007
Officials with Taubman Centers Inc., the church's retail partner in the project, say the project hinges on a two-level shopping experience, and they insist the second level would not be viable unless a walkway connects the facing second levels across Main Street. In the poll, the bridge plan was most popular among LDS Church members, with 89 percent of self-proclaimed "very active" or "somewhat active" church members saying they favored it, although 81 percent of inactive LDS members were also... (Deseret News)
Rocky fighting skybridge May 24, 2007
Taubman Centers Inc., PRI's retail partner in the project, insists that a walking bridge connecting the second floors across Main Street is vital to the project's success. PRI officials on Wednesday referred requests for comment on Anderson's efforts to Taubman officials, who could not be reached. (Deseret News)
Taubman Centers Declares Common and Preferred Dividends May 10, 2007
Taubman Centers, Inc. logo ... (PRNewsFoto/Taubman Centers, Inc.) BLOOMFIELD HILLS, MI UNITED STATES 10/05/2005 ... May 9 /PRNewswire-FirstCall/ -- The Board of Directors of Taubman Centers, Inc. (NYSE: ) today declared a regular quarterly dividend of $0. (PR Newswire)
Rocky vetoes downtown skybridge May 8, 2007
The City Creek Center developers the LDS Church's real-estate arm, Property Reserve Inc., and retail partner Taubman Centers Inc. say the pedestrian walkway connecting the the second level of shopping centers on one side of Main Street to the other is vital to the 20-acre project's shopping component. Anderson and other critics of the plan worry that the skybridge will turn City Creek Center into an enclosed shopping complex and keep pedestrians from venturing onto Main Street. (Deseret News)
Stocks to Watch Apr 20, 2007
Taubman Centers Inc. () said first-quarter net income climbed to $14. 1 million, or 19 cents a share, from $11. (Fox News)
Rocky offers alternative to skybridge Apr 19, 2007
The mayor has long been a critic of the skybridge plan, proposed by the LDS Church's real-estate arm Property Reserve Inc. and its development partner Taubman Centers Inc. They want the bridge to connect the second level of shopping in the church's planned City Creek Center development. But Anderson and others say it will channel shoppers from one end of the project to the other, bypassing Main Street and effectively creating an enclosed mall. (Deseret News)
Florsheim store set for Detroit area Apr 19, 2007
Taubman Centers, a Bloomfield Hills, Mich. real estate investment trust, owns and/or manages 23 shopping centers in 11 states. (Milwaukee Business Journal, WI)
Construction booming in Utah Apr 15, 2007
" As a result, SIRQ now "proactively prequalifies" subcontractors by reviewing their work programs and targeting windows of opportunity to ensure that subcontractors' schedules are matched up and projects can proceed, Latimer said. Bruce Heckman, vice president of development for Taubman Centers Inc., a partner with the LDS Church in the City Creek development, said City Creek has not seen any changes in design because of the status of the construction industry in Utah. The project, which is... (Deseret News)
Mall Magnate Enjoys Revenge Served Cold Apr 15, 2007
Since his June 13, 2003, release from prison, shares of Taubman Centers, which counts the posh Short Hills Mall among its assets, has outperformed Simon Property, the owner of the more pedestrian Woodbury Commons and Walt Whitman Mall, by a score of 214 percent to 190 percent. And Taubman is not about to forgive the Simon family for its unsuccessful takeover attempt. (New York Post -- Business)
Former Sotheby's owner speaks out Apr 10, 2007
His sons now run Bloomfield Hills-based Taubman Centers Inc., but Taubman remains active with his philanthropic efforts. Among them, he has long been involved in the Detroit Institute of Arts -- both as donor and leader of its building committee, key in the museum's six-year renovation and expansion. (Globe and Mail -- Entertainment)
Council delays skybridge vote Apr 4, 2007
Officials with Taubman Centers Inc., which is overseeing the retail component of the center owned by The Church of Jesus Christ of Latter-day Saints, said Tuesday some stores are waiting to decide whether to locate there until they know if it will include a pedestrian bridge spanning Main Street. "We must stress that time is of the essence in making your decision on this matter," Bruce Heckman, Taubman's vice president for development, told the council Tuesday night. (Deseret News)
Salt Lake skybridge is still up in the air Feb 21, 2007
The skybridge is part of a proposal by Taubman Centers Inc., which is working with The Church of Jesus Christ of Latter-day Saints to renovate two downtown blocks into a 20-acre retail, residential and office complex known as City Creek Center. It is among the most contentious elements of the project, as a number of voices including Mayor Rocky Anderson's have decried its potential to channel shoppers throughout City Creek Center but not to the rest of downtown. (Deseret News)
Romney counts on Michigan roots to propel him Feb 14, 2007
Robert Taubman, president of Bloomfield Hills-based Taubman Centers Inc.. John Rakolta, chairman/CEO of Detroit-based Walbridge Aldinger Co.. (Detroit Free Press)
Mills Corporation may get new takeover bid Feb 5, 2007
In 2003, Simon Property and another developer, Westfield America, waged a hostile fight for the Taubman Centers mall empire, making a $1. 74 billion bid that was accepted by 85 percent of Taubman's public shareholders. (International Herald Tribune -- Business)
Plus: Have REITs Lost Their Footing? Jan 22, 2007
He likes Simon Property Group ( ), General Growth Properties ( ), and Taubman Centers ( ). Green Street's estimated 2007 price-operating earnings ratio for mall REITs is 24, vs. an estimated 26 for all REITs and 15 for stocks in the Standard & Poor's 500-stock index. (BusinessWeek)
City Creek gets Dillard's Jan 18, 2007
"At Dillard's we've been taking a more upscale approach to the market, both in merchandise presentation and store presentation. City Creek in Salt Lake City provides us a great opportunity to present the market with our latest advances in both those areas." Bruce Heckman, vice president for development at Taubman Centers Inc., which will develop, lease and manage the retail center, said Dillard's was always the first choice to fill the final anchor slot, and talks had been ongoing since the... (Deseret News)
Macao casinos risk cuts to credit rating Jan 17, 2007
Taubman Centers will be an equity partner for retail in the project, said Cheng Shin How, who runs CapitaLand's operations in Hong Kong. Hotels at the development will be run by operators including Marriott International and Ritz-Carlton, Cheng told a media briefing in Singapore on Tuesday. (International Herald Tribune -- Business Asia)
'Lifestyle' center shaping up in North Las Vegas Jan 12, 2007
Taubman Centers of Michigan will lease the development. Lifestyle centers are distinct from more conventional shopping centers in that they have entertainment such as restaurants, movie theaters or bowling alleys, said Zack Hussain, a senior associate specializing in retail at the Las Vegas commercial brokerage of CB Richard Ellis. (Las Vegas Review-Journal -- Business)
Chapter 11 looms for owners of Mills mall Jan 10, 2007
The other half is owned by Taubman Centers Inc., a real estate investment trust based in Bloomfield Hills, Mich. In April, Taubman CEO Robert Taubman said during a conference call to analysts that his company wants to own the entire center. (AZCentral -- Business)
