Microsoft

Food halls, fitness centers, and new shops are destined for emptied Sears spaces at five Simon malls, according to company COO Michael McCarty.

Phillips Edison & Company, one of the nation’s largest owners and operators of grocery-anchored centers, will be adding value-fashion and home goods stores at two of its centers in Illinois.

Construction has begun on an outdoor observation deck that will jut out 65 ft. from 30 Hudson Yards in Manhattan at an elevation of 1,000 ft.

Amazon is the leader of the pack when it comes to spending on research and development.

Jim Terrell, who in 36 years at Sears Holdings presided over divestiture, repurposing, and subleasing of dozens of properties, has joined A&G Realty Partners as managing director.

Mid-America Real Estate Corporation has tapped partners Willie Hoag and Dan Tausk to lead its 18-person tenant representation division, which handles both national and regional retailers.

Drew Schaul, one of the leading retail real estate professionals in the Miami market, has returned to CBRE after a seven-year stint at Robert K. Futterman & Associates.

Though leasing activity in the first quarter of any year is historically slow, new retail lease signings were especially light during the first three months of 2018.