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Development/Redevelopment

  • Grocer bullish on expansion in 2017

    Sprouts Family Market is expanding its footprint.     The Phoenix-based grocer plans to open 35 stores in 2017, with 11 of the locations opening in the second quarter of the year.     The 11 stores opening in the second quarter include three in California, two in Georgia, two in Florida locations, two in Texas locations and two in Colorado, the Phoenix Business Journal reported.  

  • Utah mall has replacement lined up for closing Macy’s

    CBL announced that it has a replacement anchor lined up for the Macy’s store closing at its Layton Hills Mall in Utah, one of 63 Macy’s locations slated to be shuttered this spring. One other Utah Macy’s is scheduled to close at Cottonwood Mall in Salt Lake City.   

  • 2017 Survival Tips

    Chief executives from leading retail real estate companies shed light on the new year’s most pressing challenges for their tenants

  • Mortgage expert: Look to unsexy cities for retail growth

    Retailers and developers looking for potential expansion spots in the coming year should bypass Gotham and head to Grand Rapids.  

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  • PREIT gets proactive in replacing Sears stores

    PREIT CEO Joseph Coradino is pursuing a take-charge course in dealing with department store attrition, announcing that his company is actively pursuing replacements for three Sears anchors he expects to close in 2017.   

  • Amazon’s expansion into brick-and-mortar taking it to NYC

    New Yorkers will have a new way to browse Amazon’s best-selling book titles — in a physical store.   Later this year, the retail giant will open a book store in Manhattan’s Shops at Columbus Circle, in the Time Warner Center, according to ReCode.  

  • Sears sells top brand, closing more stores

    Sears Holdings Corp. is seeking to stop its bleeding and raise more cash by closing another 104 stores and selling its iconic Craftsman tools brand.   The struggling retailer said it has reached an agreement to sell Craftsman to Stanley Black & Decker for a net present value of about $900 million, including future royalty payments. Sears, which will continue to sell Craftsman products, had put the brand, along with its Kenmore and DieHard brands, up for sale several months ago.   
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