REAL ESTATE

Ikea debuts new small store format

Ikea has unveiled its first store to open in the U.S. with a smaller format.

Shake Shack to open first drive-thru location

Another restaurant chain is emphasizing its drive-thru business.

Capitol siege nearly continues at Alaska mall

Alaskan extremist groups intent on carrying protests over 2020 election results to The Dimond Courthouse in Juneau, Alaska, came close to taking it to the Dimond Center Mall in Anchorage instead.

Trademark to re-do North Point Mall that Brookfield returned to its lender

The New York Life Insurance Company has hired Trademark Property Company to manage and redevelop the 1.3 million-sq.-ft. North Point Mall in Alpharetta, Ga.

Conn’s expanding into new markets

Conn's has its sight set on Florida.

U.S. convenience store counts stands at 150,274; state with most c-stores is…

There are plenty of convenience stores in the U.S., but not as many as there were a year ago.

Walmart keeps store operations cool with IoT

Walmart manages temperature, operating functions and energy use in stores using a network of connected Internet of Things (IoT) devices.

Macy’s opening second location of new, smaller format

Macy’s is returning to Texas with its off-mall concept.

With 90% of rents paid, Tanger reinstates its cash dividends

Like many retail real estate companies plagued by shutdowns during the pandemic, Tanger Factory Outlets suspended cash dividends to its shareholders. Now, with bolstered cash reserves of $80 million, the company has re-started making the quarterly payments.

Distressed asset specialists Summit and Keen open new office in Chicago

Keen-Summit Capital Partners and its parent company, Summit Investment Management LLC, have opened a joint office in Chicago to expand their participation in distressed asset management in the Midwest.

Developer: ‘South Florida’s getting stronger every day!’

One of South Florida’s strengths is its retail market.

Macy’s to close 45 stores by mid-year as part of previously announced plan

Macy’s is starting to streamline its store portfolio.

Citi Trends to open at least 100 new stores by end of fiscal 2023

Citi Trends is bullish on store growth amid strong holiday sales.

Report: Bed Bath & Beyond to close 43 stores by end of February

Bed Bath & Beyond is moving on its previously announced plans to close about 200 locations by 2022.

RH makes big real estate investment in Aspen

RH (formerly known as Restoration Hardware) is making an equity investment of $105 million in real estate in Aspen, Colo.

The last video store chain in U.S. is going dark

After some 42 years in business, Family Video is closing all its stores.

Aldi continues expansion, remodels

Aldi is updating and expanding its footprint in Florida.

Rents for retail spaces in Manhattan fall to ‘historic’ lows

It’s a tenant’s market in Manhattan.

Westfield sells Long Island mall for $30 million

Sunrise Mall, the first two-level mall in Long Island when it opened in 1972, was sold by Unibail Rodamco Westfield for $29.7 million.

PREIT’S re-make of its mall platform will begin at Moorestown

The re-invention of its business platform that helped win PREIT a swift exit from Chapter 11 protection in December will see one of its first executions at Moorestown Mall in the Philadelphia metro area.