Company news

Mountain Mike’s Pizza Signs Three-Unit Franchise Agreement in Virginia

by Abby Cox May 21, 2025

Irvine, Calif. — Irvine-based Mountain Mike’s Pizza has signed a franchise agreement to open three new locations in Northern Virginia, marking the chain’s introduction to the state. Following its 10-unit development deal in Florida, this agreement brings Mountain Mike’s Pizza to 13 total units slated for the East Coast. The new Virginia restaurants will be developed by local franchisee Niraj Hemrajani, a multi-brand operator with a portfolio of established restaurant concepts including Cold Stone Creamery, Popeyes and Subway. The fast-casual pizza concept currently operates restaurants in Arizona, California, Colorado, …

May 21, 2025

Company news Development Maryland News

SJC Ventures Unveils Plans for $100 Million Transformation of Harford Mall Site in Metro Baltimore

by Abby Cox May 16, 2025

Bel Air, Md. — SJC Ventures has unveiled plans for a $100 million transformation of the Harford Mall site located in Bel Air, roughly 23 miles north of Baltimore. Upon approval by the Bel Air Economic and Community Development Commission, the redevelopment project will feature 48,000 square feet of retail, restaurants and amenities that will replace a former Macy’s store, as well as a 35,000-square-foot grocery store. SJC also plans to incorporate pedestrian walkways for enhanced connectivity, pocket parks and open gathering spaces. CBL Properties owns Harford Mall, which originally opened …

May 16, 2025

Company news New York News Pennsylvania

DICK’S Sporting Goods to Acquire Foot Locker for $2.4 Billion, Keep Brand Intact

by Abby Cox May 15, 2025

Pittsburgh and New York City — DICK’S Sporting Goods Inc. has entered into a definitive merger agreement with footwear and apparel retailer Foot Locker Inc. Under the agreement, sporting goods retailer DICK’S will acquire Foot Locker for an equity value of roughly $2.4 billion and an enterprise value of $2.5 billion. Foot Locker operates approximately 2,400 retail stores across 20 countries in North America, Europe, Asia, Australia and New Zealand. Foot Locker’s portfolio of brands also includes Kids Foot Locker, Champs Sports, WSS and atmos. DICK’S plans to operate Foot …

May 15, 2025

Company news Development Leasing New York News

Wayfair to Open 114,000-Square-Foot Store in Metro New York

by Abby Cox May 15, 2025

Yonkers, N.Y. — Online retailer Wayfair will open a 114,000-square-foot store in the New York City suburb of Yonkers. Located within Ridge Hill, a 1.3 million-square-foot mixed-use development, the Yonkers store marks Wayfair’s third large-format location, which is scheduled to open in early 2027. Wayfair’s first physical retail store opened in May 2024 in Wilmette, Illinois, while its second location in Atlanta will open in 2026. Adam Schwegman and Morgan Liesenfelt of Jamestown led lease negotiations in the transaction. A joint venture between Jamestown, Nuveen Real Estate and Taconic Partners …

May 15, 2025

Arizona Company news Leasing News

Red Development, Globe Corp. Welcomes Three New Tenants to Goodyear Civic Square

by Abby Cox May 12, 2025

Goodyear, Ariz. — A partnership between Red Development and Globe Corp. has signed three new tenants to Goodyear Civic Square (GSQ), its 150-acre mixed-use development located in the Phoenix suburb of Goodyear. Trader Joe’s will open a 13,500-square-foot store — the first in Goodyear — while Black Rock Coffee Bar will open a 1,460-square-foot drive-thru coffee shop. Additionally, Firebirds Wood Fired Grill will open a 5,658-square-foot standalone building that also houses a 700-square-foot outdoor patio. All new tenants are scheduled to open in 2026. The first phase of GSQ features …

May 12, 2025

California Company news New York News

3G Capital Agrees to Acquire Skechers for $9.4 Billion, Take Company Private

by Abby Cox May 7, 2025

Manhattan Beach, Calif. and New York City — Global investment firm 3G Capital has entered into an agreement to acquire footwear brand and retailer Skechers USA Inc. The sales price is $9.4 billion, according to The Wall Street Journal. Upon completion of the transaction, Skechers will become a privately held company. New York City-based private equity firm 3G will pay $63 per share in cash, representing a premium of 30 percent to Skechers’ 15-day, volume-weighted average stock price. The transaction also includes the option for existing shareholders of Skechers to instead receive $57 …

May 7, 2025

Company news Development News Restaurants Texas

Smalls Sliders Signs Five-Unit Franchise Agreement in Texas

by Abby Cox May 7, 2025

Atlanta — Cheeseburger slider concept Smalls Sliders has signed a franchise agreement to open five new units in Texas. St. Louis-based entrepreneur Brett Stewart will own and operate the restaurants, which are dubbed “Cans.” The newest locations in the state will include Killeen, Temple and Waco. Stewart will now own and operate a total of 11 units in Texas after signing an initial deal for six units with Smalls Sliders in August 2024. Founded in 2019, Smalls Sliders has a portfolio of more than 350 restaurants currently open or under development.

May 7, 2025

Company news Finance News Pennsylvania

Rite Aid Files for Chapter 11 Bankruptcy, Company to Explore Acquisition Opportunities

by Abby Cox May 7, 2025

Camp Hill, Pa. — Rite Aid has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of New Jersey, marking the second time in 24 months that the Pennsylvania-based convenience and drugstore chain has filed for voluntary bankruptcy protection. The previous filing in October 2023 preceded the closure of hundreds of stores across the country. The company is currently exploring opportunities to be acquired by outside entities. The company did not explicitly state how many of its stores would be immediately impacted but noted that it would …

May 7, 2025

Company news Connecticut Development News

Bob’s Discount Furniture to Open 20 New Stores in 2025

by Abby Cox May 7, 2025

Manchester, Conn. — Bob’s Discount Furniture has announced plans to open 20 new stores in 2025. Among the 20 stores, six will be located in North Carolina, marking the brand’s entry into the Southeast. Bob’s will also open its first location in Vermont. The brand’s 2025 expansion began in February, which included new store openings in Burnsville, Minnesota; Winchester, Virginia; Reno, Nevada; and Davenport, Iowa. Summer and fall openings will comprise locations in Queens, New York; Eatontown, New Jersey; Eaton, Pennsylvania; Williston, Vermont; Troy, Michigan; Dorchester, Massachusetts; Sacramento, California; and …

May 7, 2025

Company news Development News Wisconsin

Woof Gang Bakery & Grooming Opens First Store in Wisconsin

by Abby Cox May 6, 2025

Brookfield, Wis. — Woof Gang Bakery & Grooming has opened its first store in Wisconsin, which marks the brand’s entry into its 27th state. The company has more than 70 store openings planned for 2025, including locations in Maryland, Massachusetts, Missouri, North Dakota, Oregon, Utah and Washington. In 2024, Woof Gang Bakery & Grooming opened 50 stores in 10 new states and Canada. Founded in 2007, Orlando, Florida-based Woof Gang Bakery & Grooming has more than 450 locations open or in development.

May 6, 2025

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