Cedar Shopping Centers buys 5 properties

Cedar Shopping Centers Inc. and RioCan Real Estate Investment Trust will buy five properties in three states for roughly $92 million.

The deal, made under an existing joint venture between Cedar and RioCan, will be funded with a mix of loans and cash.

Four of the properties are anchored by Giant Food Stores supermarkets. Three of the properties are located in Pennsylvania, one is in Maryland and another is in Virginia.

Shopping is 'like watching porn'

Consumers offered discounts or or other promotions on a range of consumer goods showed a mental response resembling that of sexual arousal, the researchers found

Having wired up 50 volunteers, the scientists from the University of Westminster monitored their eye movements and emotional responses to the products and graded them on a scale of one to ten.

A high of ten is the equivalent to severe trauma which is rarely seen and could be dangerous. But a score of between five and seven is the kind of excitement a body has to erotic images such as pornography. One Marmite promotion, to get a free audiobook featuring the children's character Horrid Henry, registered a scored of up to 5.8 among the consumers.

Others including a discount couple for Cravendale milk and a Wallace & Gromit free gift with Kingsmill bread also scored particularly highly among the early results.

The research has been commissioned by The Institute of Promotional Marketing and is yet to be completed, it was revealed in trade journal The Grocer.

But the early results suggest the ones which get shoppers most excited in the tests have also been among the most successful commercially.

Colin Harper of the Institute said: "It's early days but these results indicate a correlation between high emotional response and sales uplift."

But the problem has often been to get consumers to buy a product after the promotion has ended, he added, and the research hopes to find out why that happens.

Shopping is 'like watching porn'

Consumers offered discounts or or other promotions on a range of consumer goods showed a mental response resembling that of sexual arousal, the researchers found

Having wired up 50 volunteers, the scientists from the University of Westminster monitored their eye movements and emotional responses to the products and graded them on a scale of one to ten.

A high of ten is the equivalent to severe trauma which is rarely seen and could be dangerous. But a score of between five and seven is the kind of excitement a body has to erotic images such as pornography. One Marmite promotion, to get a free audiobook featuring the children's character Horrid Henry, registered a scored of up to 5.8 among the consumers.

Others including a discount couple for Cravendale milk and a Wallace & Gromit free gift with Kingsmill bread also scored particularly highly among the early results.

The research has been commissioned by The Institute of Promotional Marketing and is yet to be completed, it was revealed in trade journal The Grocer.

But the early results suggest the ones which get shoppers most excited in the tests have also been among the most successful commercially.

Colin Harper of the Institute said: "It's early days but these results indicate a correlation between high emotional response and sales uplift."

But the problem has often been to get consumers to buy a product after the promotion has ended, he added, and the research hopes to find out why that happens.

Equity One buys 3 Fla. shopping centers for $64.7M

Equity One has purchased three Florida shopping centers for $64.7 million, the company said Thursday.

Equity One Inc. said the acquisitions fit with its plan to invest in certain markets with low rents.

The shopping mall developer and operator said it bought Country Walk Plaza in Miami Dade-County for about $27.8 million and West Bird Plaza, also in Miami Dade, for $17.6 million. Pablo Plaza, in Jacksonville, Fla., was acquired for $19.3 million.

Equity One owned or had interests in 185 properties, including 171 shopping centers, as of June 30.

Baldwin County EMA shopping for additional storehouse liberty

With oil retort tackle, hurricane supplies and perhaps health subdivision medications crowding Baldwin County Emergency Management luggage cubicle space, administrators said they are looking to acquire a warehouse or construct one.

Baldwin EMA Director Leigh Anne Ryals told commissioners last week that Alabama Department of Public Health officials advanced her about the county becoming the new sharing center for tablets. The state society had previously used Mobile County for allocation in south Alabama, but Mobile has its own program now, Ryals said.

Under the premeditated concurrence, the state will forfeit Baldwin EMA $27,000 to coordinate freedom of medications in calamity situation. Ryals said the drugs would come from the Centers for Disease Control in Atlanta to Montgomery and on to Baldwin. Other counties would then salvage supplies from Baldwin.

Ryals told commissioners she had no warehouse space left, but had protected a $702,000 grant from BP PLC to house oil blockade boom. Ryals said she would be conversation with Baldwin County Economic Development Alliance President Robert Ingram to assist find a warehouse to purchase. An exchange plan was to buy seven acres near the EMA office in Robertsdale and build a warehouse there.

AEON Yamato Shopping centre

AEONMALL Yamato is positioned in Kanagawa Prefecture, within the superior Tokyo metropolitan area. The possessions is near numerous major roads and highways that fetch in important customer traffic, and is also well served by two railways and three stations, with transfer buses to the assets every 10 minutes from Tsuruma Station and Yamato Station.

AEONMALL Yamato is anchored by AEON Mall, which subleases the property to 80 specialty stores. Ito-Yokado operates Ito-Yokado Tsuruma, a general merchandise hoard adjacent to AEONMALL Yamato. Although Ito-Yokado Tsuruma competes with AEONMALL Yamato, we deem the occurrence of both retail complexes increases overall customer traffic for each property.