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Cover
Story
 The
Book Report
Booksellers might not be the most glamorous tenants in any outlet center,
but they're among a small group of retailers that can boast an attraction
for every shopper except the ones who can't or don't read.
Features
Chelsea Covers its Bet in Las Vegas
Chelsea Property Group makes a big bang in Las Vegas by opening its new
435,000-sf premium outlets center and by announcing its acquisition of
Belz Factory Outlet World - Las Vegas - all on the same day.
A Deflating Experience
As shoppers, everyone loves to see a bargain price, but lower prices
across the board can spell trouble for retailers unless they're rewarded
with cost breaks, too.
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 Global
Outlets
Italian Outlet Update
Value Retail opens its first outlet center in Italy and watches
as three other centers race to open by yearend - one 16 miles south
of Rome; one 25 miles southeast of Rome; and another 60 miles east
of Milan.
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Mills Acquires Milpitas Project
Mills Corp. picks up its fourth property in California by acquiring Swerdlow
Real Estate Group's Great Mall in Milpitas.
 Tanger
Posts 2nd Quarter Results
Greensboro, N.C.-based Tanger Factory Outlet Centers turned in a strong
performance in the second quarter with tenant sales increasing by 6.3
percent.
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