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Real Estate

  • Survey: So far, so good for 2016

    Retail tenants are not only reporting a strong performance for the year so far, but are also optimistic about the next six months.

  • Ross nears 200 dd’s Discounts locations

    Ross Stores will open eight new dd’s Discounts stores in the coming week, bringing the coverage of its moderately priced apparel chain to near 190 units. Ribbons will be cut at stores in Delano, Fairfield, and Stockton, California; Margate and Palm Springs, Florida; Marrero, Louisiana; and Pasadena, Texas.  

  • Decision to close stores becomes more complicated for retailers

    Some things are easier said than done. And increasingly, that notion applies to closing stores.   Although analysts and investors say that retail companies need to continue to shrink their store portfolios, the decision to do has become increasingly complex for merchants, many of whom have already shed their most unprofitable locations, according to a CNBC report.  

  • Survey: So far, so good for 2016

    Retail tenants are not only reporting a strong performance for  the year so far, but are also optimistic about the next six months.  

  • Brooklyn goes Euro: King’s Plaza redo features Primark and Zara

    Primark, one of Europe’s largest apparel retailers, will anchor a complete redevelopment of Macerich’s Kings Plaza in Brooklyn. It will be joined by Spain-based Zara, which the New York Times has called the world’s largest fashion retailer. The Sears store at Kings Plaza will close for renovation in September.  

  • Bookseller names exec to head up new restaurant group

    Barnes & Noble is getting serious about restaurants.   The bookseller announced it has promoted Jaime Carey, currently COO, to president of development & restaurant group, effective immediately. Carey will be responsible for overseeing the chain’s real estate development and its newly created restaurant group.   

  • Whole Foods gets intellectual in Chicago

    Whole Foods Market continues its expansion in the Chicago market, opening a store in the city’s Hyde Park neighborhood. It’s the grocer’s 26th Chicagoland location.  

  • PetSmart revs up store expansion

    The nation’s largest specialty pet supplies retailer is upping its store growth this year.   PetSmart said it expects to open approximately 80 net new stores in fiscal 2016, up from 50 locations in fiscal 2015.     PetSmart is on its way to meeting its goal, having opened 12 net new stores in the United States and Canada during the quarter ended May 1, 2016. The new locations average over 12,000 sq. ft., and include service offerings such as grooming and pet training.  
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