Real Estate Roundup: January update
January had its fair share of retail real estate development news, tenant updates, property acquisitions and more to kick off 2026.
Here are some of the biggest real estate news stories from the month (starting with the most recent).
•First Look: Adidas opens its first U.S. soccer-only store at American Dream Ahead of this summer’s FIFA World Cup Finals, which will be held for the first time at MetLife Stadium in New Jersey, Adidas has opened a flagship soccer-focused store at the American Dream mega-mall, its first in the United States. The brand promises an “immersive retail experience” featuring premium athletic footwear, performance gear and Adidas Originals all in one place.
•ABC: Tariffs drive construction materials prices up 2.8% in 2025 Overall construction input (including energy, materials and equipment) prices are 2.8% higher than a year ago, while commercial construction input prices are 4.4% higher, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released on Jan. 30. Compared to February 2020, commercial construction input prices are 46.1% higher.
•Most Saks Off 5th stores to close; here is list of locations that will remain open… The department store company, which declared bankruptcy earlier in January, said that following a thorough review of its off-price business, it has decided to close the majority (57) of its Saks Off 5th locations and all five Last Call stores. Saks Global is keeping 12 Saks Off 5th locations open.
•TJ Maxx signs first new NYC lease in a decade The fast-growing off-price chain has signed a lease for a 40,000-sq.-ft. space at Herald Towers, across the street from both Macy’s flagship store and Madison Square Garden. It is the first lease the brand has signed in New York City in 10 years.
•Placer.ai: Retail visits spiked for two days ahead of Winter Storm Fern According to retail data firm Placer.ai, retailers saw a large boost in traffic from Jan. 22 and 23, the two days before Winter Storm Fern intensified with frigid temperatures and heavy snowfall. Home improvement & furnishings retailers saw the largest visit spikes on both days as consumers focused on preparing their homes ahead of the storm. Visits were already 20.2% above the year-to-date (Jan. 1 - 23) daily average on Jan. 22 and rose to 41.7% above average the following day.
•Total U.S. C-store count dips in 2025; Texas leads top 10 states by store count There are 151,975 convenience stores operating in the U.S. (as of Dec. 31, 2025), which is down 0.2% (280 stores) compared to the year prior, according to the 2026 NACS/NIQ TDLinx Convenience Industry Store Count. Store count increases were recorded in 22 states, led by Texas (up 88 stores), Georgia (up 39 stores) and Ohio (up 38 stores). New York’s count shrank the most (down 143 stores), followed by Massachusetts (down 77 stores) and New Jersey (down 61 stores).
•Vestar completes newest center in Phoenix metro Vestar, a commercial real estate owner, operator and manager, has announced the completion of Vineyard Towne Center, an open-air retail destination in Queen Creek, Ariz. The $100 million, 260,000-square-foot development broke ground in 2021 and has reached full occupancy. Tenants include Target and Sprouts Farmers Market.
•Report: GameStop closing nearly 500 stores The long-struggling video game retailer is closing more than 470 U.S. stores, according to a report by wkyc.com. Earlier in January, GameStop said in a Securities and Exchange filing that it planned to close a "significant number of additional stores" during the rest of its 2025 fiscal year, which ends on Jan. 31, 2026.
•H Mart plans largest California store yet The Asian grocer is planning to open its California largest store yet at Pacific Commons Shopping Center in Fremont, located on the eastern side of the San Francisco Bay. The store will span two levels and more than 100,000 sq. ft. Features will include a food hall and dine-in restaurants, in addition to the chain’s expansive Asian grocery offerings.
•Report: Amazon waits for final approval to build its first big-box store Orland Park, Ill. is the proposed site of a big-box retail development that the e-commerce giant wants to build on a 35-acre site, reported Patch.com. The plan cleared its first hurdle this week when it was approved by Orland Park’s plan commission. It still needs to be approved by the village board of trustees.
•JLL: Available prime retail space hits record low in NYC JLL’s recently released Q4 report on the Big Apple’s retail real estate market reported 13.7% availability — the lowest rate the global real estate services company recorded since it began tracking the measure for minimum 600-sq.-ft. retail spaces in 2017. Soho’s 66 available spaces were a decrease of eight recorded in Q3 2025. Also posting space decreases were Madison Avenue and the Meatpacking District.
•Macy’s to close 14 stores in 2026 — here are all the locations As part of its ongoing plan to close underproductive locations, the department store giant will close 14 stores across 12 states. In a memo to employees, Macy’s CEO Tony Spring provided an update on the retailer’s ongoing “Bold New Chapter” strategy, which was launched in February 2024 and includes closing about 150 underperforming nameplate stores.
•All Value City, American Signature Furniture stores to go dark A joint venture of SB360 Capital Partners, Hilco Global and Gordon Brothers has received bankruptcy court approval to operate sales at all 89 remaining American Signature Inc. stores. The nearly 75-year-old, family-owned company filed for Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware last November.
•JLL names new CEO of its Americas Leasing Advisory Michael Colacino, who for the last two years served as president of JLL’s Tri-State Brokerage, will succeed John Gates, who has served as CEO of the unit for the past 17 years. Gates now moves on as executive chairman of JLL’s leasing advisory business.
