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young shoppers at mall
News

Gen Z: New Hope For Struggling Malls?

... going to a physical store. They tend to prefer discount department stores, however, at least for apparel and personal care products, ... surveyed (58%) by A.T. Kearney said shopping in stores allows them to disconnect from the digital world, especially the ...

Dec 11, 2019
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The Lakeforest Mall in Gaithersburg.
News

New Plans For Lakeforest Mall Redevelopment Call For More Than 750 Units

... 47-acre core, which didn't include the four anchor department stores. Only one of the anchors, Macy's, remains open, while ... closed since last year's acquisition. Many of the inline stores are still open.   Gaithersburg in August placed a 12-month ...

Nov 03, 2020
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Struggling Anchor Tenants Still Embracing Dated Covenants To Fight Mall Redevelopments
News

Struggling Anchor Tenants Still Embracing Dated Covenants To Fight Mall Redevelopments

... in those plans. Having been established decades ago when department stores were the main customer draw, the contracts still give ... because of REAs that have given the power to its department stores, which include Macy’s, JCPenney and Sears. According to ...

Sep 26, 2017
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EXCLUSIVE: TJX Cos. Buys Office Building Near HQ For $120M
News

EXCLUSIVE: TJX Cos. Buys Office Building Near HQ For $120M

... 17,000 in Massachusetts across corporate offices, retail stores and distribution centers. Meditech did not respond to Bisnow ... of future growth.  Rather than buying clothing from other department stores, the TJX business model includes buying goods directly ...

Sep 23, 2019
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Landlords 'Are Sitting There With Their Mouths Watering' When Big-Box Tenants Leave
News

Landlords 'Are Sitting There With Their Mouths Watering' When Big-Box Tenants Leave

... are looking for 30K SF or more." That means spacious department stores can be reconfigured to house multiple tenants. That is ... huge windfall," Bornstein said. "I don't think those [department] stores have been helping the shopping centers or the adjacent ...

Jan 24, 2018
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A Steal Of A Deal: Inside Olayan And Chelsfield's Revamp Of The Knightsbridge Estate
News

A Steal Of A Deal: Inside Olayan And Chelsfield's Revamp Of The Knightsbridge Estate

... strange mix, considering the two swanky department stores that bookend the estate: cashmere stores, tourist trap luggage retailers and slightly ... service yard for tenants. This means deliveries to stores are made underground rather than from the street or ...

Feb 24, 2020
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merry hill shopping centre interior
News

Intu Turns To Housing As Shopping Centre Valuations Slide

First the retail revolution consumed the department stores: Are the landlords that banked on these stores becoming a delicious second course? Names ... a fall of 13.3%. A substantial revaluation of department store anchor tenants played a large part in the ...

Feb 20, 2019
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EagleBank Presents: 15 Things You Need to Know
News

EagleBank Presents: 15 Things You Need to Know

... far safer investment than malls or power centers anchored by department stores. But they are beginning to feel similar pressures. The top ... Opens First East Coast Office Why The Next Wave Of Department Store Closures Will Hit Philly Even Harder Than The Last ...

Jan 29, 2019
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John Lewis Adds Sheds To Beds
News

John Lewis Adds Sheds To Beds

... 7,000 build-to-rent homes on parts of its department stores, on carparks, on top of Waitrose supermarkets or next to ...

Aug 11, 2021
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CBD Chain Retailer Lands 2nd Major Mall Expansion Deal
News

CBD Chain Retailer Lands 2nd Major Mall Expansion Deal

... 2019 is over. It already has seven stores open within Brookfield's portfolio, including at ... personal care and beauty products from physical stores, and this partnership will allow us ... shoppers who have spurned department stores and formerly solid anchors.

Jun 12, 2019
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