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Real Estate

  • JLL names new West Coast leasing VPs

    Jones Lang LaSalle has announced the hiring of two new vice presidents to handle leasing of third-party-managed retail properties in West Coast markets.  

  • RetailNext: Stores not dead but do need to be reinvented

    Despite the growth of online shopping, brick and mortar stores are still critical to retail success.   “Retail stores are not dead,” said Shelley E. Kohan, VP of retail consulting at RetailNext Inc. “The retailers who continue to embrace change in their business models will be well positioned for today and in the future."  

  • Penney details stores marked for closing

    The ax has fallen: J.C. Penney has released the list of 138 stores it plans to close.   

  • Party City buys franchise stores

    Party City Holdco Inc. is increasing its corporate-owned store count.   The company has entered into an agreement to acquire a master franchise group representing 18 franchise stores in North Carolina and South Carolina for a purchase price of $31 million.   Prior to the acquisition, the company’s retail operations included 765 company-owned Party City stores and 164 franchise stores.  

  • Two states accounted for nearly 30% of grocery store openings last year

    The Lone Star State and Golden State are ripe areas for grocery store expansion.    In 2016, more than 440 grocery stores opened in the United States, adding 18.8 million sq. ft. of space. And 27% of those stores opened in two states: Texas and California.   That’s according to JLL’s latest Grocery Tracker JLL’s latest Grocery explores four trends transforming the grocery shopping sector.    

  • Men’s grooming concept plans aggressive expansion in Texas

    Men’s grooming is one of the fastest-growing segments in beauty, and Hammer & Nails Grooming Shop for Guys is looking to tap into the rising consumer demand. The company, which provides hand and foot care, haircuts and shaves in what it bills as a "man cave nirvana,” plans to open 50 locations in Texas during the next five years.

  • Bloomberg: Walgreens could sell additional assets to Fred’s

    There is another development in Walgreens’ quest to acquire Rite Aid.  

  • Houston Mall shutters all but outside stores

    The 800,000-sq.-ft. Northwest Mall in Houston, a fixture in the northwest section of town since 1968, will close all interior stores on March 31. Tenants include Champs Sports, Factory Show Warehouse, Royal Tea Café, and the Flame & Sizzle Grill.   Only stores with outdoor entrances will remain in business. These include Thompson Antique Center, Palais Royal, and The College of Healthcare Professionals.  
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