Corporate Governance

Florida’s first transit-oriented development opens fall 2016

It may be hard to imagine that the home to one of the largest public universities in the United States is somewhat undersung. But that’s exactly what the developers of the 1 million-sq.-ft.

Brian Unmacht (left) and George D. Bartell

Downtown LA’s South Park will emerge as a new retail district

It’s rare enough for any developer — or group of developers and brokers — to plan an entirely new retail district almost literally from the ground up. It’s utterly unique to do so in one of the largest cities in the world.

Yet, that’s exactly what’s happening in Downtown Los Angeles’ South Park neighborhood.

The upcoming Oct. 1, 2015, mandate for U.S. retailers to adopt POS systems that can securely accept and process transactions using EMV (Europay, MasterCard, Visa)-compliant, chip-based payment cards is fast approaching. Retailers that are not in compliance with the mandate after that date will be held liable for any fraudulent transaction committed with a chip-based card.

A 30-year veteran of REI has been named as the new CEO of Bartell Drugs.   

Restaurants and retail have fertile expansion ground in certain markets

While it’s true that technology, brick-and-mortar changes, and evolving consumer behavior are causing foundational shifts in the retail industry, a closer look at different U.S.

Our cover story this month is about one of my favorite topics: hot retail concepts. It’s a subject that, to my mind, never goes out of style because it speaks as much to the essence of retail in today’s omnichannel age as it did in the purely physical one.

New concepts remain the lifeblood of retailing, and it’s always exciting to recognize and call attention to them. And I’m happy to report that the industry seems to be particularly rich in new formats these days.

Hoffman Estates, Ill. -- Sears Holdings Corp. announced the two remaining stores involved in its deal with European fashion retailer Primark. (In late 2014, Sears entered into lease agreements with Primark for seven standalone stores in the Northeastern United States.)

The two remaining stores will be located at Burlington Mall in Burlington, Massachusetts; and South Shore Plaza in Braintree, Massachusetts. Sears will continue to have a significant retail presence in both of these malls, which are owned and operated by Simon Property Group, Inc.