Cheesecake Factory

The Cheesecake Factory is known for offering a wide variety of food items, and now is also expanding its range of payment options.

Starting in April, The Cheesecake Factory will roll out a new mobile payment app called CakePay. To use CakePay, guests will check in and receive a four-digit code they give to the server at the time their order is taken. The server will then enter the order and the code into the POS system.

White Plains, N.Y. -- The Wilder Companies announced it was awarded the leasing and management contract for The Source at White Plains, a specialty shopping center in White Plains, New York.

The Source at White Plains is a 250,000 sq. ft., four-story shopping center with adjoining parking garage. The center feature retailers include: Whole Foods Market, Dicks Sporting Goods, Raymour & Flanigan, The Cheesecake Factory, Morton’s The Steakhouse, and Destination Maternity.

Chattanooga, Tenn. -- CBL & Associates Properties announced renovation plans for CoolSprings Galleria in Nashville, Tennessee. The renovation comes on the heels of a major anchor redevelopment completed in early 2015, the recent addition of dining destination Connors Steak & Seafood, and the opening of Kings Bowling and Entertainment in May.

Kansas City -- Taubman Centers and The Macerich Company announced a joint venture for Country Club Plaza location in Kansas City, Missouri from Highwoods Properties. The mixed-use retail and office property was purchased for $660 million cash, excluding transaction costs. Taubman and Macerich each own a 50% interest in the center.

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.

Irvine, Calif. -- Irvine Company announced a major $150 million reinvestment in Irvine Spectrum Center located in Irvine, California, in the heart of Irvine Spectrum, a mixed-use community that provides a balanced district of retail, office, and living space.

Kansas City, Mo. -- Taubman Centers and The Macerich Company announced an agreement to purchase Country Club Plaza located in Kansas City, Missouri, from Highwoods Properties. Taubman and Macerich will each have a 50% interest in the center, which will be jointly managed by both companies. The mixed-use retail and office property was purchased for $660 million cash, excluding transaction costs. Concurrent with or shortly after closing, a long-term, fixed-rate loan for 50%-60% of the purchase price is expected to be placed on the asset.

In its 11th year, the Top Redevelopers survey remains relevant as more shopping center companies redevelop than build anew — although the redevelop versus develop scales are more in balance now than they were five years ago.