45,000 Retail Stores Could Shutter In The Next 5 Years: UBS
... year after filing for Chapter 11 bankruptcy. Luxury department store Nordstrom, which shut down 15 locations last year, is exploring a ...
May 01, 2024
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Westfield Montgomery Mall's $350M Loan Transferred To Special Servicing
... that excludes the mall’s anchor tenants, Nordstrom, Macy’s and Macy’s Home. Nordstrom operates on a ground lease expiring in ...
Apr 12, 2024
News
Nordstrom Explores Going Private
... deal after talks fell apart in 2018. In 2017, the Nordstrom family explored a deal with numerous private equity firms, including ... to up the price, using Leonard Green's equity and Nordstrom’s ability to get more debt and third-party financing ...
Mar 19, 2024
News
Nordstrom Sets New Growth Path By Adding 22 Discount Stores
... 258 Rack locations in the U.S. and 93 Nordstrom stores. Nordstrom executives said net sales of the Rack brand increased ... 150 stores, including its flagship store in San Francisco. Nordstrom executives said the retailer will also expand customer access via ...
Mar 07, 2024
News
This Week's Bay Area Deal Sheet
... . The mall has been beleaguered by setbacks after the flagship Nordstrom and Cinemark Theaters left the site, leaving gaping holes in ...
Mar 01, 2024
News
Downtown San Francisco Is The Launching Pad For A New Ikea Concept In The U.S.
... has struggled. The most notable closure came last year when Nordstrom shut down its 30K SF store at the San Francisco ... Properties walked away from the mall last summer after the Nordstrom closure. Office Depot, Walgreens and even Starbucks have shuttered ...
Feb 22, 2024
News
This Week’s South Florida Deal Sheet: Office Near Miami Airport Trades For $68M
... N. Federal Highway is anchored by Trader Joe’s and Nordstrom Rack. Other tenants include Anthony’s Coal Fired Pizza, Hair ...
Dec 18, 2023
News
This Week's LA Deal Sheet
The Collection is adjacent to the Janss Marketplace, a 458K SF shopping center that NewMark Merrill has managed and leased for more than 20 years. The sale was overseen by Sandy Sigal, Jim Patton, Brad Pearl, Sandra Kist and Susan Rorison of NewMark ...
Dec 03, 2023
News
Retailers Put Theft In The Spotlight — But Does The Publicity Fit The Crime?
... dollars speeding the exit of a raft of retailers. When Nordstrom confirmed its exit from Westfield’s flagship mall in the ...
Nov 08, 2023
News
This Week's Boston Deal Sheet
... from Site Centers. Shoppers World is anchored by Best Buy, Nordstrom Rack and T.J. Maxx, and Gateway Center is anchored ...
Nov 06, 2023
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