Jennifer LeClaire/Globe Street – Regus just signed a new 10-year lease with Terranova. The alternative workspace firm will take down 19,374 square feet—spanning two floors—at 1688 Meridian Avenue in Miami Beach. Office condos in the building are selling fast. 1688 Meridian is a mixed-use project that includes 92,644 square feet of office and retail space next to the Miami Beach Convention Center. The project […]
Archives for January 2016
3 Florida Albertsons being remodeled into Safeway grocery stores
Justine Griffin/Tampa Bay Times – Safeway grocery stores are coming to Florida. The three remaining Albertsons grocery stores in Florida — in Largo, Altamonte Springs and Fort Lauderdale — will be remodeled this year and converted into Safeway stores, Albertsons Companies announced Monday. The parent company of both brands, Albertsons Companies, is investing nearly $10 million […]
Macy’s to Close More Stores, Seek Partnerships
Gail Kalinoski/Commercial Property Executive – Hours after Macy’s announced its store in the Irvine Spectrum Center was closing, the Irvine Company released plans for a major $150 million reinvestment plan. Hours after Macy’s announced its store in the Irvine Spectrum Center was one of 40 closures, the Irvine Company released plans for a major $150 million […]
The Big Reason You Once Went to the Mall Is Rapidly Disappearing
Brad Tuttle/Time (Money) – Middle-class shopping tastes have changed, big time. It probably won’t shock shoppers to learn that any day now, Macy’s is expected to announce the locations of 40 stores it will close in early 2016. What may come as a bit of a surprise, though, is that the closures probably represent only the […]