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Macy's Union Square
CaliforniaCompany newsNews

Macy’s, TMG Partners Form Joint Venture for Potential Redevelopment of Flagship Store in San Francisco’s Union Square

by Abby Cox

San Francisco — Macy’s and TMG Partners have formed a joint venture to explore the potential redevelopment of the retailer’s flagship store on Union Square in San Francisco’s retail district. TMG will help Macy’s conduct a “strategic assessment” of the property to explore the viability of renovations and enhancements that will “align with the needs of today’s office workers, residents, visitors, retail and local businesses.” The Union Square location will remain open indefinitely. Further updates on plans and next steps for the Union Square site will be shared in the coming …

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Taco John's
Company newsDevelopmentMinnesotaNews

Taco John’s Signs Five-Unit Franchise Agreement in North Dakota

by Abby Cox

St. Louis Park, Minn. — Mexican quick-service restaurant Taco John’s has signed a franchise agreement to open five new units in North Dakota. The deal will bring five new units to Fargo, with the first scheduled to open by the end of the year, and the second following in early 2026. Entrepreneur Brett Itterman will own and operate the restaurants. Founded in 1969 in Cheyenne, Wyoming, Taco John’s operates and franchises nearly 350 restaurants across 22 states.

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Company newsNews

Simon Acquires Remaining Interest in Taubman Realty Group

by Abby Cox

Indianapolis — Simon Property Group has acquired the remaining 12 percent interest in The Taubman Realty Group (TRG), a real estate company specializing in developing, owning and operating regional and super-regional shopping centers in the United States and Asia. The transaction gives Simon full ownership of TRG, concluding a partnership that began five years ago. The company stated that with full ownership of TRG, it hopes to capitalize on new growth opportunities, increase net operating income and deliver long-term returns to its shareholders. Simon has held an 80 percent ownership …

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Del Taco
CaliforniaCompany newsInvestment salesNewsRestaurants

Jack in the Box to Sell Del Taco for $115 Million

by Abby Cox

San Diego — San Diego-based Jack in the Box has entered into a definitive agreement to sell Del Taco Holdings, a wholly owned subsidiary of the company which operates and franchises more than 550 Del Taco restaurants, to Yadav Enterprises for $115 million. Yadav Enterprises operates more than 310 franchise restaurants, including Jack in the Box, Denny’s and TGI Friday’s. Yadav Enterprises also owns the Taco Cabana brand, a fast-casual, Tex-Mex restaurant chain consisting of 150 locations, and Nick the Greek, a fast-casual, Greek restaurant chain consisting of 90 locations. The …

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Company newsFinanceNews

Big V Property Group, Equity Street Capital Launch $1.2 Billion Retail Property Fund

by Abby Cox

Charlotte, N.C. — Charlotte, North Carolina-based Big V Property has partnered with Equity Street Capital to launch the Big V Core Property Fund, a $1.2 billion open-ended retail real estate fund. The fund, which was created by consolidating seven retail properties into a single investment vehicle, spans six cities and is 96 percent leased. The properties include The Rim and Alamo Ranch in San Antonio; The Avenue Murfreesboro in Murfreesboro, Tennessee; Southpark Meadows in Austin, Texas; Glynn Isles in Brunswick, Georgia; Westside Center in Huntsville, Alabama; and Glade Parks in Euless, …

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Five Below
Company newsDevelopmentNewsOregonWashington

Five Below Debuts in Pacific Northwest with Eight New Stores

by Abby Cox

Philadelphia — Philadelphia-based specialty discount retailer Five Below is debuting its brand in the Pacific Northwest with seven new stores set to open across Washington and one in Oregon on Nov. 7. The new store locations in the region will include Sunrise Village in Puyallup; Celebration Center in Federal Way; Everett Mall in Everett; Evergreen Crossing in Spokane Valley; Valley Mall in Union Gap; Vintner Square in Richland; Alderwood Parkway in Lynnwood; and Cascade Plaza in Beaverton, Oregon. Founded in 2002, Five Below operates more than 1,850 stores in 44 …

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Company newsNew YorkNews

RD Management Consolidates to Launch RD Property, Closes $350 Million Credit Facility

by Abby Cox

New York City — RD Management LLC has announced the formation of its new entity, RD Property LLC. RD Property comprises 50 real estate properties that span approximately 4 million square feet and features shopping centers, self-storage facilities, hotels and net lease properties across the U.S. The consolidation of RD Management is meant to streamline operations, enhance growth prospects and strengthen capital resources. Additionally with its formation, RD Property has closed on a $350 million loan and revolving credit facility that will provide the company with financial flexibility and liquidity to …

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Company newsDevelopmentNewsRestaurants

Dickey’s Barbecue Pit Continues Expansion, Plans to Surpass 60 New Openings in Fourth Quarter 2025

by Abby Cox

Dallas — Dallas-based Dickey’s Barbecue Pit plans to surpass its anticipated goal of 60 new restaurant openings by the end of 2025. From January to August, Dickey’s opened 46 locations across 17 U.S. states, Canada and the Philippines, and is on track to push its overall store count to more than 400 restaurants worldwide. Additionally, in September 2025, Dickey’s Barbecue Pit announced plans to open a new restaurant in Cañon City, Colorado, which will be led by franchisee Bobby Rusnak. Founded in 1941 by the Dickey family, Dickey’s Barbecue Restaurants …

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Starbucks Coffee
Company newsNewsWashington

Starbucks to Close Stores, Lay Off Workers in $1 Billion Restructuring Effort

by Abby Cox

Seattle — Starbucks Coffee has announced that it will be eliminating roughly 900 non-retail U.S. jobs, with additional plans to close several hundred underperforming company-operated stores, as part of a broader $1 billion restructuring effort. The company’s store count will decrease by about 1 percent, which translates to roughly 500 closures for the company, as reported by CNBC. Starbucks plans to end its fiscal year with almost 18,300 North American locations, including both company-operated and licensed cafés.  Brian Niccol, chairman and CEO of Starbucks Coffee, stated that baristas from closing locations will receive severance packages or will be …

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Publix-anchored shopping center
Company newsFloridaGrocery-anchoredNewsSouth Carolina

JLL to Manage 1 Million-Square-Foot Retail Portfolio for 11North, Bain Capital

by Abby Cox

Florida and South Carolina — JLL has been selected to provide management services for a 1 million-square-foot retail portfolio across South Carolina and Florida. The portfolio comprises 10 open-air shopping centers which include Sawgrass Square and Plantation Promenade in Fort Lauderdale; Miramar Commons in Miramar; Rolling Oaks in Orlando; Promenade at Poinciana and Solivita Marketplace in Kissimmee; New Tampa Center in Tampa; Lake Worth Plaza in Lake Worth; Garden Shops at Boca in Boca Raton; and Point Hope Commons in Charleston. JLL will manage the portfolio on behalf of 11North Partners …

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