Restaurant

Family-owned and operated Broadway Panhandler, in Manhattan’s East Village, is going out of business after 40 years in operation.

The cookware store has long been a cult fave among restaurant chefs and home cooks alike.

As to the reason, the owner cited health issues of his wife and said his attempts to sell the business were unsuccessful, according to the New York Times.

Starbucks Corp. is still hot for tea, but it’s not feeling too warm and cozy about its Teavana "tea bar" format, which debuted in New York City about two years ago. The concept sought to elevate the tea-drinking experience, much the way Starbucks did for coffee, and featured an array of tea-related beverages and food items in a comfortable environment that encouraged people to linger.

Consumers are increasing their use of apps for a specific purpose that should make retailers happy.

According to a new survey of U.S. adults conducted by KRC Research for Verizon, 56% of consumers made a product purchase with a smartphone app in 2015. This figure includes 23% of smartphone owners who purchased a product with an app for the first time.

By age group, 70% of millennials age 18-34 made a product purchase using an app in 2015, an 85% increase from 2014. This led 66% of Gen Xers and 39% of Baby Boomers who did so.

Swire Properties Inc, one of South Florida's leading international developers of urban real estate, along with retail co-developers Whitman Family Development and Simon Property Group, announced new tenants set to join Brickell City Centre's, a 500,000-sq.-ft- open-air shopping center under construction in the heart of Miami’s Brickell neighborhood.

Starbucks Corp. reported first quarter earnings and same-store sales that topped expectations. But the coffee giant gave a soft earnings outlook for its current quarter.

Starbucks reported better-than-expected earnings of $687.6 million for the period ended Dec. 27, 2015, down from $983.1 billion a year earlier. The prior-year period was boosted by a hefty $391 million gain related to a joint venture.

Revenue rose 12% to $5.37 billion. Analysts had forecast $5.39 billion in revenue.

San Antonio, Texas -- InvenTrust Properties Corp. announced that it has acquired Sonterra Village Shopping Center, a newly constructed, 42,492 sq. ft. shopping center located in San Antonio, Texas, for approximately $21.5 million.

“Now Trending” is an exclusive online series to chainstoreage.com, featuring trending topics that impact the retail real estate landscape.

As more of my work brings me into contact with mixed-use developments in urban core markets, it’s clear to me that there are some important changes taking place – changes that are fueling the ongoing mixed-use renaissance in many cities.

Winter Garden, Fla. -- The Sembler Company has completed construction on the final outparcel at the 1.15 million sq. ft. Winter Garden Village located in Winter Garden, Florida.

Pei Wei Asian Diner and Mattress One will occupy the new 7,200-sq. ft. building, marking complete build-out of the development originally started in 2006.