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Real Estate

  • RCP announces $300 million mixed-use development

    Atlanta -- RCP Companies announced a $300 million, experiential, mixed-use development in the heart of Henry County known as Jodeco|Atlanta South in Atlanta. Construction is expected to commence later this year with initial tenants opening doors in 2017.

    Preliminary plans for the mixed-use development include retail and restaurants, an entertainment hub, amphitheatre, outdoor fitness and recreation areas and residences within an amenity-rich, urban district.

  • The X Factors

    One of the most exciting and rewarding things about being part of a tightly integrated national network of retail brokerages is the degree to which that network can serve as a resource unto itself. Fellow professionals from around the country and the world can engage in knowledge sharing about market-specific forces, industry observations and invaluable perspective about the changing face of the industry.

  • Sears grows its loss; adds board members

    Sears Holdings Corp. says its trend of deep same-store sales declines is slowing, but the company did report a wider loss in the fourth quarter.

    For the fourth quarter ended Jan. 30, Kmart and Sears same-store sales declined 7.2% and 6.9%, respectively, which was an improvement from the trend in the first three quarters of 2015. Sears reported a loss of $580 million, or $5.44 a share, compared with a loss of $159 million, or $1.50 a share, a year earlier. Revenue dropped 9.8% to $7.3 billion.

  • Veteran investment sales professional returns to CBRE

    Chicago -- CBRE Group announced that Blake Johnson has joined CBRE Capital Markets as executive VP. Based in Chicago, Johnson will join the firm’s Institutional Properties team and will be responsible for office investment sales, with a concentrated focus on Chicago central business district (CBD) office transactions. Johnson will partner with Paul Lundstedt, Dan Deuter, Tom Sitz and Cody Hundertmark to expand the firm’s market share in the region.

  • Kohl's to dip its toes into outlet stores, smaller formats

    Kohl's plans to make a lot of interesting moves this year with new formats and underperforming stores after the company reported another lackluster quarter of financial results.

    For the fourth quarter ended Jan. 30, Kohl's said same store sales rose 0.4%. Total sales rose only 0.8% as unseasonably warm weather hurt sales of cold-weather goods. Revenue totaled $6.39 billion, up 0.8% from a year ago. Net income was $296 million, down 20%. Earnings per share for the quarter came in at $1.58, down from $1.83 a year ago.

  • Outlets on fire as occupancy rates set new record

    So much for the argument that the U.S. market is saturated with retail stores and e-commerce is hurting mall traffic. Tanger Factory Outlet Centers brought four new properties online in 2015 and still managed to achieve a portfolio occupancy rate in excess of 95% for the 35th consecutive year.

  • Heidenberg Properties celebrates Southport's silver anniversary

    Shirley, N.Y. -- Heidenberg Properties announced that its Southport Shopping Center, located in Shirley, New York, marks its 25th anniversary. The center is 100% leased, anchored by Marshalls, Petland and Kohl's.

    The center first opened to the public in 1990 with original anchors Caldor and Waldbaum's. Over the years, the retail mix has evolved and the center has expanded from 207,000 to 299,000 sq. ft. The first major expansion was the addition of a 33,000 square foot Sears Hardware in 1998.

  • Sara Spicklemire joins CBRE as senior VP

    Chicago -- CBRE announced that Sara Spicklemire has joined the firm as a SVP of its agency leasing team.

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