Real Estate

The latest chapter in Detroit’s ongoing real estate revival is being written by a $65 million mixed-use project called The Scott at Brush Park, which features 199 luxury residences and roughly 15,000-sq.-ft. of ground-floor retail and restaurant uses.
 
Scheduled to open later this year, the five-story project is being developed by Birmingham, Michigan-based Broder & Sachse Real Estate Services Inc. and Southfield, Michigan-based Woodborn Partners LLC.
 

A popular goose from up north is about to nest in two high-profile locations.  

Canada Goose, best known for its signature — and pricey — goose-down jacket with Arctic Circle logo and fur-trimmed hood, will open its first two freestanding stores this fall. The flagship locations are set to open at Yorkdale Shopping Centre in Toronto, and in downtown Manhattan, in SoHo.

For anyone looking at the current state of retail in the Midwest, one of the most fascinating things to track is how some of the macro trends we see in the marketplace today are the end result of years (sometimes decades) of evolutionary change.
 

Empire Outlets is New York City’s first and only outlet center so it was only fitting that a contract related to the major project was consummated at the retail real estate industry’s biggest show.
 

At a time when the world of commercial real estate continues to evolve in new and different directions, many traditional malls find themselves at crossroads. To survive, mall owners and operators must make significant and sometimes dramatic changes in order to remain commercially relevant and financially viable.
 

Over the last 12 annual trips I’ve made to Las Vegas for ICSC’s RECon real estate convention (which officially makes me a rookie in this industry of 20-, 30- and 40+-year veterans), I have always been able to detect some distinct trends.  

That doesn’t as much make me a trend-watcher as it does a good listener.  The retailers and shopping center operators and brokers who attend RECon each year tend to talk avidly in the aisles about the current events shaping the retail real estate industry.

There are so many cross-currents affecting the retail real estate industry right now that making sense off it all is a daunting challenge. Thankfully, Melina Cordero, head of retail research for the Americas at CBRE, was on hand at RECon to touch some of the mega-trends in this video.

The 27th annual Chain Store Age survey of Fastest-Growing Acquirers features some familiar names, but a diversity of philosophies and experiences when it comes to driving long-term growth.