Development of new retail space in the Chicagoland area this year will be less than a million square feet for the first time in more than three decades, according to a report from Mid-America Real Estate Corporation.
The departure of large retail anchor tenants like Toys "R" Us in a market with fewer expanding big-box players surely causes concerns for shopping center owners and operators.
The International Council of Shopping Centers is expecting a huge crowd at the 2018 ICSC RECon show in Las Vegas. Get a jump on your show planning with the following property profiles from show exhibitors.
J.C. Penney reported sales that missed analysts’ forecasts, blaming cooler than normal temperatures that took a bite out of demand for spring clothing.