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Real Estate

  • RadioShack shuts down 1,000 stores

    RadioShack Corp. has entered into the newest chapter of its financial saga.   The company, which recently filed for bankruptcy protection, closed 1,000 stores over the Memorial Day weekend. This move leaves the chain with a mere 70 company-owned stores and 500 dealer stores in operation across the U.S., according to Fortune.  

  • Amazon continues to bolster distribution fleet

    Amazon is preparing to expand its fulfillment capabilities in Georgia.   The online giant will open a new 850,000-sq.-ft. distribution center in Jefferson, Georgia. The facility will employ 1,000 full-time employees. The fulfillment center will pick, pack and ship large items, including household furniture, sporting equipment and gardening tools, among other merchandise. The facility will be the second in Georgia’s Jackson County, and the fourth in the state.   

  • Mid-America to handle leasing for Macy’s Minneapolis landmark

    Mid-America Real Estate has been tapped to handle the marketing and leasing of the Macy’s building being redeveloped in downtown Minneapolis.   Located on the corner of South 7th and Nicollet Mall, the landmark store that was originally Dayton’s will tie together its street and skyway levels and fill them with entertainment providers, a food hall, and traditional retailers new to the market. 601w Companies and United Properties are the developers.  

  • Kitchen and bath products giant launches experiential retail concept

    Kohler Co. is debuting a retail format designed to showcase its full offering of products and offer on-site product immersion — literally.      The first-ever Kohler Experience Center (KEC), located in the Flatiron District of Manhattan, houses fully-functioning displays of Kohler's global product line — including showers, tubs, sinks and "intelligent" toilets — in what is a first for the brand. The center is open to trade design professionals and regular customers.   

  • Ikea in Southeastern expansion

    Ikea is looking to open its second location in Tennessee.   The home furnishings chain plans to submit plans to the Metropolitan Government of Nashville and Davidson County, Tennessee, for a store in the Nashville area. Construction of the 341,000-sq.-ft. proposed Ikea could begin in spring with an opening in summer 2020.  

  • Fitch: ‘Location, Location, Location’ still applies, possibly now more than ever

    The growth of e-commerce and the increasing emphasis on delivery speed as well as pick-up services for retail goods will likely precipitate a convergence of industrial distribution and retail real estate.   

  • It’s a tenants’ market at retail centers

    Despite the rash of recent store closings, leasing activity is strong at malls and shopping centers as retailers take advantage of favorable terms.   That’s the take of Mizuho Securities analysts following conversations with major broker organizations at the International Council of Shopping Centers RECon Show in Las Vegas last week.   

  • Retailers in control at RECon

    For retail professionals, the International Council of Shopping Centers’ Spring RECon Convention in Las Vegas is the highlight of the year. There’s always so much to take in, and every year comes with its singular storylines. Here were some of the more dramatic ones at play convention floor:   Food-focused foot traffic
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