Since 2009, retail sales at North America’s 205 outlet centers have increased from $19.9 billion to $27.6 billion, an increase of $7.7 billion, according to an International Council of Shopping Centers report.
Tata Starbucks Limited, the 50/50 joint venture between Starbucks Coffee Company and Tata Global Beverages Limited, opens a new India flagship store in Bangalore on Saturday, Nov. 23.
Walgreens is opening a new joint store with Johns Hopkins Medicine adjacent to the medical school’s campus in Baltimore.
Here’s something you may not have heard in a while: Competition from multiple buyers is causing a spike in the price of many shopping centers.
Chain Store Age posted a story about Chicago’s Northwestern Memorial Hospital opening a new 70,000-sq.-ft. retail store and restaurant development in the hospital and across the campus.
Simply Modern Bridal has signed a 5,000-sq.-ft. lease for retail space near Jimmy John’s Gourmet Sandwiches in the Central Park power center in Fredericksburg, Va.
The United States Postal Service has signed an agreement to occupy 8,440 sq. ft. of retail space at 333 East 14th Street in Manhattan, according to the Feil Organization.
The Opus Group has completed a 45,600-sq.-ft. retail building for Gander Mountain in Albany, Ga.
DSW Designer Shoe Warehouse has taken 20,000 sq. ft. at Tempe Marketplace in Tempe, Ariz., according the CBRE, which represented DSW in the negotiations.
Jones Lang LaSalle has closed the sale of a portfolio of four grocery-anchored centers on behalf of Regency Partners II.