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Development/Redevelopment

  • Another retailer jumps into the off-price game

    The off-price space is growing by leaps and bounds, with yet another department store retailer throwing its hat in the ring.

    Lord & Taylor will debut its new off-price concept, Find @ Lord & Taylor, on Nov. 19, in Paramus, New Jersey. The 30,000-sq.-ft. store will feature women’s, men’s, kids’ clothing and footwear, along with home goods. According to reports, the initial store will be followed by six additional locations next year.

  • Report: Lululemon testing new in-store features

    Lululemon Athletica has opened its largest store yet, an 11,500-sq.-ft. flagship in Manhattan. The store includes such new features as a 3,000-sq.-ft. community gathering space, called Hub Seventeen, and concierge services, reports New York Business Journal. [New York Business Journal]

  • The priciest retail corridor in the world—by a long shot

    When it comes to retail rents, Manhattan’s Fifth Avenue is really in a class by itself. 

    Upper  Fifth Avenue, between 49th and 60th streets,  is the most expensive retail corridor in the world, with rents rising 3.6% to $3,500 per sq. ft. through the first half of this year, according to a annual report from Cushman & Wakefield. (The top 10 streets are listed at end of article.)

    Fifth Avenue rent was nearly double that of the second priciest corridor, Causeway Bay in Hong Kong, at $2,399 per sq. ft.

  • WP Glimcher CEO named to NAREIT 2016 executive board

    Columbus, Ohio -- WP Glimcher announced CEO Michael P. Glimcher has been named to the National Association of Real Estate Investment Trust’s (NAREIT) 2016 executive board. Glimcher previously served as chair of NAREIT’s Audit/Investment committee.

  • Modell’s Sporting Goods continues to expand

    How busy is Times Square? Enough to support two Modell’s Sporting Goods stores.

    The retailer is opening two new stores in the New York City metro area, including one at 136 West 42nd Street, its second Times Square location. Modell’s is also opening a store at Crossroads Plaza East in Rocky Point, New York.

    The two new locations will expand the retailer’s portfolio to 155 stores in 10 states.

  • JLL to acquire real estate development services leader Martin Potts & Associates

    Pictured from left to right: Carlos Serra, Greg Holcomb, Martin Potts and Peter Belisle

  • New retail coming to the Streets of St. Charles

    St. Charles, Mo. -- Cullinan Properties welcomes two new tenants to its mixed-use development Streets of St. Charles located in St. Charles, Missouri. MOD, a boutique specializing in affordable fashion for women of all age, will open its fourth location in spring 2016 on Beale Street and Supercuts is expected to open in early 2016.

  • Vestar promotes Jenny Cushing to VP of leasing

    Phoenix -- Vestar announced it has promoted Jenny Cushing to VP of leasing. Based in firm's Phoenix headquarters, Cushing is responsible for the leasing efforts of assets throughout California, Arizona & Nevada.

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