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Saks-Chicago
Company newsNew YorkNewsRetailers

Saks to Close Additional Stores as Part of Portfolio Optimization

by Abby Cox

New York City — Saks Global Enterprises is advancing its planned optimization across its real estate portfolio by announcing the closure of an additional 12 Saks Fifth Avenue stores and three Neiman Marcus locations. This builds on initial closures announced last month. While select markets will be streamlined to include either a Saks Fifth Avenue or Neiman Marcus store based on considerations for each location — including performance and customer preference — the company will continue to operate both brands in luxury destinations that represent a growth opportunity. With the announced closures, Saks Global …

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Target-Store
Company newsNewsRetailers

Target to Invest $2 Billion in 2026, Plans to Open 300 New Stores by 2035

by Abby Cox

Minneapolis — Minneapolis-based Target has unveiled a $2 billion, multi-year strategy to open new stores, refresh its store experience across the chain and invest in store payroll and training. Specifically, Target is planning to make a $1 billion operating investment to deliver a “more consistent, elevated experience for guests,” including updated floorplans, enhanced in-store displays and the expansion of brand marketing. Target also plans to increase its capital investment by more than $1 billion to support new stores and ongoing remodels, technology and its supply chain. While investing in more than …

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Company newsFloridaNews

Saglo Cos. Names New Chairman, CEO

by Abby Cox

Miami — Miami-based Saglo Cos. has named the company’s current president, Hue Chen, as its new CEO. Chen has served as president of the shopping center owner and operator for the past 10 years. In addition to overseeing enterprise-wide operations, Hue will lead Saglo’s long-term strategy, growth initiatives and capital deployment efforts. Jack Glottmann, who initially joined his father to lead the company in 1998, will transition from his position of CEO to chairman. As chairman, Glottmann will continue to provide oversight while focusing on strengthening relationships with Saglo’s investors …

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North Point Mall
Company newsDevelopmentEntertainmentGeorgiaMixed-useNews

New York Life Taps Jamestown to Pursue NHL Stadium for North Point Mall Redevelopment in Metro Atlanta

by Abby Cox

Alpharetta, Ga. — New York Life Insurance Co. is underway on plans to redevelop North Point Mall in Alpharetta, a suburb roughly 30 miles north of Atlanta. Jamestown has been tapped by New York Life to pursue the redevelopment entitlements for the development.  The Atlanta-based firm, which manages the nearby Avalon mixed-use development following its acquisition of the Atlanta-based holdings and listings of North American Properties in 2024, will also oversee property management for North Point Mall effective March 1. Plans for the project include transforming the mall into a …

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Neiman-Marcus-Tampa
Company newsNewsOperationsRetailers

Saks Global to Close Select Saks Fifth Avenue and Neiman Marcus Stores

by Abby Cox

New York City — Since declaring Chapter 11 bankruptcy last month, Saks Global Enterprises will close eight Saks Fifth Avenue stores, as well as one Neiman Marcus store. No changes are planned for the Bergdorf Goodman operational footprint. Saks Global is changing the Saks Fifth Avenue and Neiman Marcus store locations to focus on profitable stores with the highest growth potential. “Go-forward locations” are being determined as part of the company’s ongoing operational plan, which is based on performance and lease economics, among other things. The eight Saks Fifth Avenue locations …

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Camp North End
Company newsNewsNorth Carolina

Jamestown Joins Ownership Group at 76-Acre Camp North End Campus in Charlotte

by Abby Cox

Charlotte, N.C. — Jamestown has partnered with existing ownership to recapitalize Camp North End, a 76-acre mixed-use redevelopment project located just north of Charlotte’s Uptown district. The Atlanta-based developer and operator will serve as general partner and lead asset management, leasing, marketing, architecture and development firm for the new joint venture ownership structure. ATCO Properties & Management will remain a partner in the overall development, while Shorenstein Investment Advisors will continue as a partner with Jamestown and ATCO in a portion of the project. Jared Londry of PointBlank Ventures represented …

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atlantic-crossings-florida
Company newsFloridaNews

Southeast Centers to Provide Leasing, Management for Atlantic Crossings in Metro Fort Lauderdale, Florida

by Abby Cox

Coral Springs, Fla. — Southeast Centers has been selected to provide leasing and management services for Atlantic Crossings, a 173,680-square-foot shopping center in Coral Springs, approximately 20 miles northwest of Fort Lauderdale. Whole Foods Market and Home Depot anchor the property, which was developed between 1993 and 1998. Additional tenants at the center, which is fully leased, include Crunch Fitness, LensCrafters, PAK Mail Center and Pines Aesthetics. The center is situated on nearly 20 acres and is located adjacent to Coral Square Mall. Southeast Centers’ third-party management and leasing portfolio …

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mountain-mikes-pizza
Company newsDevelopmentNewsRestaurants

Mountain Mike’s Pizza Opens 24 New Restaurants in 2025, Targets 25 More in 2026

by Abby Cox

Irvine, Calif. — Irvine, California-based Mountain Mike’s closed out 2025 with record unit growth, marking the most new restaurant openings in the brand’s history. Along with the debut of its 300th location in Las Vegas, Mountain Mike’s opened 24 new restaurants across six new markets and signed franchise agreements to add 19 new restaurants to the development pipeline. By year’s end, Mountain Mike’s was operating in more than 30 markets coast-to-coast, with roughly 100 locations under development in 16 states. Looking ahead, the brand is targeting 25 new restaurant openings in …

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Company newsNewsRetailers

Francesca’s Files for Chapter 11 Bankruptcy, Will Close All Stores Nationwide

by Abby Cox

Houston — Houston-based women’s clothing and accessories retailer Francesca’s, has voluntarily filed for Chapter 11 bankruptcy protection in the District of New Jersey. This filing marks the second time in six years that the retailer has sought bankruptcy protection, with plans to liquidate its inventory and close all of its approximately 400 remaining stores.  Tiger Group, SB360 Capital Partners and GA Group, who are acting as advisors to Francesca’s, have commenced court-approved store closing sales across the company’s entire store fleet as part of the Chapter 11 process. Discounts will range from 25 …

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Company newsNewsRetailers

Eddie Bauer Store Operator Files for Chapter 11 Bankruptcy

by Abby Cox

Bellevue, Wash. — The operator of Eddie Bauer stores has entered into a voluntary Restructuring Support Agreement (RSA) and has commenced chapter 11 proceedings in the U.S. Bankruptcy Court of the District of New Jersey. The bankruptcy filing for the company involves the entity managing physical stores — Catalyst Brands — not the brand itself, which is owned by Authentic Brands Group and SPARC Group. Eddie Bauer retail and outlet stores in the United States and Canada will remain open and continue serving customers as the company begins its process of closing …

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