REAL ESTATE

J.C. Penney is trimming its real estate footprint as it looks to allocate its resources to stores and initiatives that offer the greatest long-term value potential.

Nearly all retail concepts have their day, as brands like Toys “R” Us, Bon-Ton, and Payless have demonstrated.

Mall of America has partnered with local Minnesota artist Christopher Lutter-Gardella for its next art installation, set to be unveiled on Earth Day.

For the 18th consecutive year, global powerhouse CBRE was named the No. 1 commercial real estate brand by The Lipsey Company, a real estate training firm.

Empire Outlets, New York City’s first outlet center located in the borough of Staten Island, just signed another tenant.

Payless ShoeSource has started its going-out-of-business sales.

Hudson’s Bay Company continues to downsize its retail portfolio.

Sachse Construction, whose client list includes Nike, Crate & Barrel, and Warby Parker, has taken on a new senior executive.