Geraldine Fabrikant/ The New York Times – It’s hard to conceive of a city that needs a new shopping mall in a country overpopulated with shopping sprawl. Yet about 10 years ago, the Taubman Centers, the national mall developer, teamed up with the Benderson Development Company, a real estate firm with headquarters in Sarasota, to build […]
Archives for July 2015
A&P closings a boon for many landlords
ICSC – A&P, the country’s first traditional supermarket chain, said this week that it would sell off or close its 296 remaining stores and dissolve the company in the months following its Chapter 11 bankruptcy filing late Sunday. That raises the inevitable questions of the fate of the retail real estate occupied by this Northeast […]
Retail Real Estate Trends
Michael Bull / Commercial Real Estate Show – Join Michael and his guests as they discuss retail sector performance, projections and the latest trends. * Cap rate trends and projections * Attracting millennials and their impact * Sustainability for current times * Site selection strategies today Click the link to watch the segment: http://commercialrealestateshow.com/listen/july-22-retail-market-update/.
A&P Sell-Offs & Shopping Behavior
Keith Loria / Commercial Property Executive – In a Chapter 11 bankruptcy filing, The Great Atlantic & Pacific Tea Co., Inc. (A&P) announced the disposition of 120 of its 296 stores with 25 underperforming stores listed to close immediately. “After careful consideration of all alternatives, we have concluded that a sale process implemented through Chapter 11 […]
Teen apparel companies struggle to compete with low prices, fickle tastes
Justine Griffin / Tampa Bay Times – Selling clothes and accessories to teenagers changes as quickly as a Snapchat message disappears. Brand names come and go as the next hip chain emerges. Other retailers fall when they fail to keep up with the fast-paced nature of what’s trending with today’s selfie-taking youth. H&M, a Swedish international […]
Hoffman, Green Realize Strength in Unity
Keith Loria / Commercial Property Executive – Hoffman Strategy Group and Jeff Green Partners have formed a collaboration to expand both companies’ work on complex, mixed-use feasibility research including retail, residential, office and hotel uses. “As a national recognized leader in retail real estate feasibility, I bring significant experience in everything from shopping center development and repositioning […]
