Nick Lowrey/Capital Journal – Pierre city officials want to hire a consultant to take a fresh look at what stores and restaurants the area can support. City Administrator Leon Schochenmaier told the City Commission Feb. 23 that he has been looking for a company to perform a retail study in Pierre. The idea, he said, is […]
Archives for 2016
Ollie’s Sets Up Secondary Offering
Chris Lange/YAHOO! Finance – Ollie’s Bargain Outlet Holdings Inc. (OLLI) has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding a secondary offering that it is now commencing. The company is not offering any shares, but the selling stock holders are putting up 6.5 million, with an overallotment option for an additional […]
Competition is putting owners & retailers under pressure to make shopping even quicker & easier
Joel Groover/Shopping Centers Today – If the global real estate industry were to hold its own Top Buzzwords contest, the term “experiential” would surely be in the running. After all, landlords and retailers worldwide are keen on exploring new ways to create the kinds of brick-and-mortar destinations shoppers love to visit. Often the goal is to […]
Historic Building Wins Coworking Giant’s Business
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 […]
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 […]
