"We've got a triple threat going on right now."

"No one is holding those company's feet to the fire, and I think that is what's really missing."

The transaction will add 56 open-air shopping centers to Kimco's existing portfolio of 528 properties.

It is being acquired by KSL Capital Partners in an all-cash transaction.

Sales volume is down as a percentage, but nowhere near the slide of big-number deals.

New York City, Chicago, Boston and San Diego/La Jolla saw the five largest transactions.

Subway will be better capitalized to modernize stores, which will result in higher sales and their ability to pay higher rents.

The prices buyers are willing to pay have risen as well.