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7 Schemes Showing Dead Retail Space Can Be Turned Into Something New
News

7 Schemes Showing Dead Retail Space Can Be Turned Into Something New

... world of retail. It owned an iconic five-storey department store in Sheffield previously occupied by the Co-op. ... numerous examples across the country where landlords are converting vacant department stores. Leisure is at the heart of this, including the ...

Sep 25, 2019
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PREIT CEO Joe Coradino and InvenTrust Properties Corp. CEO Thomas McGuinness at Bisnow National Retail Series East Coast, April 4, 2017
News

PREIT Expects To Bottom Out In 2019, Predicts 2020 Rebound

... all of its big-boxes vacated by department stores like Sears and Macy's, but ... am convinced that there is room for a department store like JCPenney in the mall environment," ... has considerable exposure to JCPenney, the stores in its portfolio have seen positive ...

Feb 17, 2019
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Kohl's department store
News

To Compete With Walmart, Kohl’s Will Fill Empty Store Space With Grocers

The department store retailer revamped and downsized approximately 300 stores over the past ... of the sector for inspiration. The department store owner recently partnered with co-working ... Hudson Bay's department stores across North America into office space.

Jan 11, 2018
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15 Things You Need To Know (New York), Powered By Meridian Capital Group
News

15 Things You Need To Know (New York), Powered By Meridian Capital Group

... From Larry Silverstein And More Wednesday City Council And Planning Department Kick Can Down The Road On Controversial Two Bridges ... Toy Store Close To U.S. Debut Retail Apocalypse, Mini Department Stores, Tech Giants Change The Face Of Pop-Up Retail Strip ...

Dec 10, 2018
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How The World’s Most Expensive Apartment Building Became A Lightning Rod For How We Feel About The Super Rich
News

How The World’s Most Expensive Apartment Building Became A Lightning Rod For How We Feel About The Super Rich

... on to Hyde Park and a short walk from posh department stores Harrods and Harvey Nichols, established developers like Berkeley Homes ... Tony Travers, professor of the London School of Economics Department of Government and director of LSE London. In the case ...

Jan 11, 2021
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shoppers
News

Retail Sales Take Biggest Monthly Drop In A Decade. Should We Be Scared?

... term malaise. For instance, sporting goods, hobby, music and book stores suffered a 4.9% decrease in sales for the month ... particularly susceptible to online competition, with some exceptions. Department stores were another big loser, down 3.3% for the month ...

Feb 17, 2019
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Vacant store, big box, empty, Macy's
News

Emerging Tax Approach Lets Big-Box Retailers Weaponize Vacant Properties

Dark store theory concerns the taxation of big-box stores, department stores and other outlets typically measuring 50K SF or more. The ... tax is assessed using comparables, the argument goes, dark stores ought to be part of that calculation for all retail ...

Nov 15, 2018
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25 Things You Need To Know This Week (Retail)
News

25 Things You Need To Know This Week (Retail)

... Malls In The D.C. Suburbs Looking To Replace Vacant Department Stores Grocery-Anchored Retail Center In Chapel Hill Sells For $51 ... Up Over The Year J.C. Penney To Close 3 Stores Heights Mercantile, Other Houston-Area Redevelopments Sold To Charlotte-Based ...

Jan 11, 2019
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Anchor Closures Have Landlords Eliminating Retailer Escape Clauses
News

Anchor Closures Have Landlords Eliminating Retailer Escape Clauses

... burdens. Though rents continue to come down to keep stores in business, fewer co-tenancy clauses could accelerate the ... Director Kent Percy told Bloomberg. Percy predicted that fewer stores will renew their leases rather than leave themselves without early ...

Jul 08, 2018
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Simon Property Group announced the recently closed former Sears anchor store at the Brea Mall will be converted into a mixed use destination.
News

The Brea Mall’s Sears Will Be Redeveloped Into Mixed-Use

... April 10. It was one of 39 big-box department stores Sears Holdings Corp. closed nationwide due to the ... financial woes.  The Sears was one of five anchor department stores inside the 1.3M SF Brea Mall. Built ... 77 acres and features more than 175 stores.

Apr 16, 2018
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