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REAL ESTATE

News and analysis on retail related real estate, including deals, center development and tenant updates.

The Castletong Square Mall in Simon's hometown of Indianapolis

Simon reportedly ponders putting Amazon DCs into empty department stores

Simon Property Group’s mission to re-energize and re-make its malls may have entered a new phase. Already embarked on a plan to become an owner of important tenants such as Brooks Brothers and Lucky brands, the nation’s top mall owner is looking into executing a major omni-channel play to transf

Simon headquarters

Simon’s Q2 net operating income was 42% lower than in 2019

Impacted by the mandated closing of seven properties in California in July, Simon Property Group saw its net operating income drop to $254 million in the second quarter—42% less than the $437 million it took in during Q2 2019.  "We continue to navigate through the challenging times presente

Shopper wearing mask

Placer.ai: Macy’s, Penney, Dillard’s recoveries stall with pandemic resurgence 

Recoveries in the department store sector have been stymied by a resurgence in COVID-19 cases leading to a reversal of the positive trends seen in May and June.  That’s according to new data from foot traffic analytics firm Placer.ai.

Chicken Salad Chick storefront

Chicken Salad Chick continues expansion; promotes three to C-suite  

Chicken Salad Chick is bolstering its executive team amid ongoing store expansion. The southern-inspired, fast-casual chicken salad restaurant chain, which was acquired by Brentwood Associates in November 2019,  has more than quadrupled in size since 2016. Chicken Salad Chick has opene

Outlets Nags Head in North Carolina

Outlet chain follows Walmart, will close this Thanksgiving

In a year that has caused so much anguish and inspired so much effort in the retail industry, one group of outlet stores wants to provide proper thanks to its employees on Thanksgiving. A few weeks after Walmart announced it would close for the holiday in 2020, The Outlet Resource Group said it

J. Crew sign

J.Crew Group gets rent relief; no talk of store closings

J. Crew Group and its landlords have come to terms. The apparel retailer, which filed for bankruptcy in May, said that, as of August 9, it has reached agreements with landlords to improve lease terms on its store portfolio. J.

Dick’s Sporting Goods’ store expansion includes new outlet concept, pop-ups

Dick’s Sporting Goods is opening 11 new stores in August.

7-Eleven expanding store footprint with $21 billion all-cash acquisition

7-Eleven has made the largest acquisition in its history and one of the largest to be announced since the pandemic began. 

Commercial real estate bankruptcy legislation introduced

Legislation has been introduced that would make "meaningful" temporary changes to bankruptcy laws, related to commercial real estate.

Is Coldwater Creek calling it quits?

Coldwater Creek is holding a sale — a big sale — amid strong signs that it may be going out of business. 

80% of national brand tenants paid their rents in July

While states use case counts to measure the tenure of the COVID-19 pandemic, landlords use rent checks--and they got lots more of them last month.

The Top 10 COMEBACK Retail Center Experiences: No. 10 Plaza del Lago

High-end, locally owned tenants took the concept of “open air” to a new level.

Amazon plans two new supply chain facilities in Florida

Amazon will open a fulfillment center and a delivery station in Florida in 2021.

Here is the list of Ann Taylor, Loft, Justice store closings

Ascena Retail Group is reducing its store footprint from about 2,800 stores to some 1,200 stores.

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