REAL ESTATE

JLL: Consumer spending growth in 2021 will be highest since WWII
Net absorption of retail real estate—actual move-ins—will total 20 million sq. ft. in the second quarter according to JLL’s “Retail Outlook” for the remainder of 2021.
Report: Macy’s in legal battle over Amazon sign
Macy's Inc. doesn't want an Amazon billboard on top of its most famous store.

Papa John’s to open 100 locations in Texas

Papa John's International Inc. has signed the largest domestic franchise development agreement in the company's history.
For restructuring awards, make it three for A&G

A&G Real Estate Partners has been honored a third time for its part in the restructuring of Tuesday Morning and GNC, this time with a Turnaround Award from M&A Advisors.
Spurned by the owner, an Illinois town attempts to redevelop its million-sq.-ft mall property

Bloomingdale, Illinois’ Stratford Square Mall has a vacancy rate of 69%. Its owner is doing little to reverse it, so village officials have stepped in to help reinvigorate the 1.3 million-sq.-ft. property.
Casey’s in $220 million deal to acquire 40 Pilot c-stores in Tennessee, Kentucky

Casey’s General Stores continues to grow its retail portfolio through acquisitions.
The 10 busiest shopping days for holiday 2021 will be…

For the first time since 2010, Christmas will fall on a Saturday this year — an occurrence that will impact holiday shopping patterns.
Canadian performance apparel brand Duer opens second U.S. store

A Canadian brand known for its use of natural and sustainable materials in its performance apparel is branching out in the United States.
Two new senior appointments at Cullinan Properties

Kathleen Cullinan Brill has been named executive VP of business development and investor relations at Peoria, Ill.-based Cullinan Properties.
Amazon’s new Missouri fulfillment center spans 22 football fields

A 1.3 million-sq.-ft. Amazon fulfillment center opened in Republic, Mo. on Sunday, Aug. 1, 2021.