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Kimco Realty launches a new blog

Milton Cooper, Kimco Realty Corp.'s founder, is being

Milton Cooper, Kimco Realty Corp.'s founder, is being replaced as chief executive as of Dec. 31. He will stay on as board executive chairman. Photo Credit: Newsday / Karen Wiles Stabile

The real estate investment trust Kimco Realty Corp. has launched a new blog, with a range of company news, just in time to mark the 20th anniversary of its initial public offering -- an IPO that, Kimco says, "launched the modern REIT era."

The New Hyde Park company says its blog "is the place where tenants, retailers, investors, and Kimco’s associates can gain the company’s expert insight and counsel on the topics that matter most to them."

On Monday, chief executive Dave Henry posted an item listing the day's events.

"Today I’m headed to New York City for the International Council of Shopping Centers 2011 National Conference and Deal Making Meeting, the East Coast’s largest real estate conference," Henry writes.

"NYC Mayor Michael Bloomberg is keynoting. . . and will share his vision of the city’s future, as well as his plans for retaining and attracting new business to the Big Apple."

Kimco, with nearly 700 employees, has a market capitalization of $6.4 billion. With its stock up $0.23 to $15.82 in early trading Monday, its share price over the past 52 weeks has declined 11 percent.

Also contributing to the new online Kimco forum -- which was launched last week -- will be chief operating officer Mike Pappagallo; managing director for investment management Scott Onufrey;  western region president Conor Flynn; and director of sustainability Will Teichman.

The Kimco blog "will showcase guest posts and interviews with industry experts, including national retailers, mom-and-pop retailers, property managers, and others who are affecting change and driving marketplace innovation," the company said.

"Kimco’s blogging team will also be covering industry trade shows, property events. . ."

Initial posts include the following items:

-- "It's time to level the playing field between online and brick-and-mortar retailers. Dave Henry calls for an end to the unfair sales tax structure, and tells readers how they can support the Main Street Fairness Act."

-- "Kimco Realty’s IPO: 20 years later. Mike Pappagallo looks back at Kimco founder Milton Cooper’s decision to take his company public in 1991."

-- "Six reasons why Hispanic grocers are poised to break out nationally. Conor Flynn breaks down the economic and social factors that are now converging to create tremendous opportunity for Hispanic grocers on a national level."

-- "What drives our sustainable real estate efforts. Will Teichman explains the hows and whys of Kimco’s corporate responsibility and sustainability program."

The company says it welcomes comments and contributions on the blog.

Photo: Kimco founder, Milton Cooper.

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