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A rendering of Wisconsin Avenue showing the planned 18-story multifamily tower in yellow and the existing hotel in blue.
News

Donohoe, Carr Cos. Aim To Revitalize Friendship Heights With New 18-Story Development

... suffered from the demise of traditional retail, with multiple department stores closing and a shopping mall going through foreclosure, but ... draw. It can be a great place without having four department stores." The team plans to invest around $100M in the ...

Jun 11, 2021
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JCPenney mall
News

Simon, Brookfield Inch Toward Final JCPenney Co. Purchase, Spinoff Of Real Estate

... circulating that Amazon wanted to nab the retailer's stores and distribution assets out of bankruptcy to build its ... activity as opposed to traditional suburban department stores.  Penney's closed over 150 stores over the summer after announcing Chapter ...

Oct 20, 2020
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Retailers Turn In Mixed Q1 Results, Say Woes Aren't Caused By Tariffs
News

Retailers Turn In Mixed Q1 Results, Say Woes Aren't Caused By Tariffs

... earnings reports for Q1, reflecting the ongoing woes of the department store sector. Nordstrom experienced a 3.4% drop in ... expect to be a significant traffic driver to our stores," she said. Department stores will need to do more to drive traffic, ...

May 23, 2019
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Property Board Game Concept Fills Empty Property
News

Monopoly To Open Real-Life Gaming Experience In Former 23K SF London Retail Store

... this year and closed 35 of the company’s 125 stores, including that one on Tottenham Court Road.  Owners of retail ... fill some of the big holes being left by the department stores and flagship units that have become vacant, particularly as a ...

May 11, 2021
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David Simon
News

Still-Profitable Simon Property Collected 73% Of Rents In July

... struggling big-box retail spaces, turning vacated Simon mall department stores into e-commerce distribution centers.   The rumors emerged ... e-commerce orders from their stores. So, they are fulfilling [orders] from their stores, and they are also [relying ...

Aug 10, 2020
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Alexandria Continues 'Mega Campus' Strategy In San Bruno
News

Alexandria Continues 'Mega Campus' Strategy In San Bruno

... was not disclosed. Alexandria already owns the JCPenney and Sears department stores at the mall; together, the sites can support 1.3M ...

Feb 01, 2022
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Toys R Us
News

The Philly Region Is Resisting Retail's Closure Wave

... into a cancer center, Brickner said. The decline of department stores has hurt secondary and tertiary shopping centers far more ... , the region is still densely populated enough that closing department stores can be considered a positive, due to the nature ...

May 07, 2018
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Owners Nationwide Say They Support Protests Despite The Damage To Their Properties
News

Owners Nationwide Say They Support Protests Despite The Damage To Their Properties

... hitting Gold Coast boutiques like Versace and Dior and major department stores like Macy’s, the city closed off much of downtown ... unfortunate moment in our history.” While the New York Police Department doesn’t yet have data on how many commercial properties ...

Jun 01, 2020
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Beyond Sales Numbers, What Are You Going To Watch For The Most On Black Friday?
News

Beyond Sales Numbers, What Are You Going To Watch For The Most On Black Friday?

... following formats: 53% department stores, 51% discount stores, 44% grocery stores, 34% clothing/accessory stores, 23% electronic stores and 23% small/local ... or human-factors perspective. For example, closing stores for the day so associates can spend time ...

Nov 19, 2019
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Trump's New Tariffs Will Hurt Retail's Most Vulnerable Areas
News

Trump's New Tariffs Will Hurt Retail's Most Vulnerable Areas

... to reinvent their brick-and-mortar stores and supply chains. Of all retail types, department stores will likely have the most ... inventories and products on the Section 301 tariff list. Department stores have been hit the hardest by changes in consumer ...

May 13, 2019
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