UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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                                    FORM 8-K

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                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                       Date of Report: September 20, 2006
                        (Date of earliest event reported)

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                            KIMCO REALTY CORPORATION
             (Exact name of registrant as specified in its charter)

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                                    MARYLAND
                 (State or other jurisdiction of incorporation)

        1-10899                                            13-2744380
(Commission File Number)                       (IRS Employer Identification No.)

        3333 New Hyde Park Road
        New Hyde Park, New York                            11042-0020
(Address of Principal Executive Offices)                   (Zip Code)

                                 (516) 869-9000
              (Registrant's Telephone Number, Including Area Code)


                                 Not applicable
              ----------------------------------------------------
         (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2 below):

[X] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
        230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
        240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
        Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
        Act (17 CFR 240.13e-4(c))







ITEM 8.01. OTHER EVENTS.

        On September 20, 2006, Kimco and Pan Pacific issued a joint press
release announcing the preliminary determination of the merger agreement
consideration. A copy of the joint press release is filed as Exhibit 99.1
hereto.


ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS.

(a) Not applicable.

(b) Not applicable.

(c) Not applicable.

(d) Exhibits.


        The following are filed as Exhibits to this Report.

EXHIBIT NO.   EXHIBIT DESCRIPTION

99.1          Joint Press Release, dated September 20, 2006, announcing the
              preliminary determination of the merger agreement consideration










                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date:  September 20, 2006                KIMCO REALTY CORPORATION

                                         By:    /s/ Michael V. Pappagallo
                                             -----------------------------------
                                         Name: Michael V. Pappagallo
                                         Title: Executive Vice President and
                                                Chief Financial Officer






                                 EXHIBIT INDEX




EXHIBIT NO.   EXHIBIT DESCRIPTION

99.1          Joint Press Release, dated September 20, 2006, announcing the
              preliminary determination of the merger agreement consideration