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REAL ESTATE

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

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.

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.

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 has its sight set on Florida. 

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

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

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

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.

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.

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

Macy’s is starting to streamline its store portfolio.

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

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

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

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

Aldi is updating and expanding its footprint in Florida.

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.

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.

Charming Charlie is back in business.

Watch out for Kohl’s, Dollar General and HomeGoods in 2021. 

Amazon plans on opening five new buildings to support operations in the metro Detroit area closer to customers.

A fast-casual restaurant dedicated to Texas BBQ and helping those less fortunate is coming to California.

Pet Supplies Plus is extending its reach by buying 40 stores from a failed competitor. 

Amazon is now hiring for its two new Amazon Fresh grocery stores that will open in King County, Washington. 

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