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Phenix Salon Suites
Company newsFloridaNews

Phenix Salon Suites Opens Two Locations in Florida

by Abby Cox

Orlando and Tampa, Fla. — Phenix Salon Suites has opened two new facilities in Florida. The first facility, located within Orlando Square Shopping Center in Orlando, is owned and operated by Alex Bello and Miguel Guerra. The second facility, which marks Phenix’s first location in the metro Tampa area, is located within Carrollwood Center in Tampa and is owned and operated by Cynthia Foreman and Christopher Foreman. Phenix Salon Suites currently has more than 21 open locations in the Orlando and West Florida regions.

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Meijer store interior
Company newsDevelopmentGrocery-anchoredMichiganNews

Meijer To Open Three Supercenters in Northeast Ohio

by Abby Cox

Grand Rapids, Mich. — One-stop shopping concept Meijer will open three new supercenters in Northeast Ohio. The 159,000-square-foot stores will be located in Austintown, Medina and Richmond Heights, bringing the Michigan-based retailer’s store count to 58 in the state. The supercenters will offer customers fresh produce, bakery, meat, seafood and deli departments, a garden center and home goods section, as well as a full-service pharmacy. Additionally, a Meijer Express gas station will open adjacent to the Austintown location on April 10. The new supercenter locations are scheduled to open May …

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JOANN storefront
Company newsFinanceNewsOhio

GA Group, A&G to Auction 790 JOANN Store Leases

by Abby Cox

Hudson, Ohio — GA Group and A&G Real Estate Partners plan to auction 790 JOANN store leases and five distribution centers in 49 states in April. The plans follow JOANN’s Chapter 11 bankruptcy filing in January, the second bankruptcy filing for the retailer within 12 months. GA Group was selected to monetize all of JOANN’s assets and has begun winding down ongoing operations at all the retailer’s locations. The majority of JOANN stores will stay open for going-out-of-business sales through May 2025, or until supplies run out. The leases range in size …

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Forever 21
CaliforniaCompany newsNews

Forever 21 Files for Chapter 11 Bankruptcy, Will Close All U.S. Stores

by Abby Cox

Los Angeles — Forever 21 has filed for Chapter 11 bankruptcy and will begin the process of closing all its U.S. stores. According to Reuters, the U.S. store count is about 350. The Los Angeles-based apparel retailer filed over the weekend in the U.S. Bankruptcy Court for the District of Delaware. Forever 21 has entered into a plan support agreement with its lenders to begin the voluntary closure process while continuing to look for sales opportunities of existing U.S. properties. Forever 21 was founded in 1984 and had a footprint of …

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Jollibee
CaliforniaCompany newsDevelopmentLeasingNewsRestaurants

Jollibee Launches Franchising Program in the U.S.

by Abby Cox

West Covina, Calif. — Philippines-based fast food chain Jollibee has launched its first franchising program in the U.S. The quick-service restaurant chain is the flagship brand of Jollibee Foods Corp. (JFC), also known as the Jollibee Group. Jollibee opened its first North American location in 1998 in Daly City, California, and now currently operates 76 stores across 14 states in the U.S., with 28 additional stores in Canada. The current expansion goal is projected for 350 stores in the coming years, with franchise-owned stores making up the majority of its footprint. …

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Wayfair
Company newsGeorgiaLeasingNews

Wayfair to Open 150,000-Square-Foot Store in Atlanta

by Abby Cox

Atlanta — Online retailer Wayfair will open a 150,000-square-foot store in Atlanta. Located within The District at Howell Mill, the Atlanta store will mark Wayfair’s second large-format location — as well as its second physical retail store overall — following its first in Wilmette, Illinois, which opened in May 2024. Fraser Gough and Benton Green of Retail Planning Corp. led lease negotiations in the transaction. JLL Income Property Trust, a division of LaSalle Investment Management, and Atlanta-based Selig Enterprises, own the property.

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CaliforniaCompany newsNews

Nintendo to Open 11,000-Square-Foot Store in San Francisco

by Abby Cox

San Francisco — Japanese electronics and video game company Nintendo will open its second store in the United States — and its fifth overall location in the world — in San Francisco in May. Situated in Union Square at 331 Powell Street, Nintendo San Francisco will total 11,000 square feet and offer game systems and games, as well as a shopping experience that will include Nintendo’s characters and worlds. Exclusive products such as accessories, apparel, home goods and souvenirs will be available at the location. The grand opening will be …

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Meow Wolf
Architecture and DesignCompany newsDevelopmentEntertainmentNew YorkNews

Meow Wolf to Open 75,000-Square-Foot Entertainment Venue in Lower Manhattan

by Abby Cox

New York City — Immersive arts and entertainment company Meow Wolf will open a 75,000-square-foot entertainment venue in Lower Manhattan. The space will span multiple stories within Pier 17, an entertainment destination in the Seaport District. Construction is scheduled to begin in the third quarter of 2025, with an expected completion date to be announced later. Founded in 2008 in Santa Fe, New Mexico, Meow Wolf has expanded to Las Vegas, Denver, Dallas and Houston, with additional locations in Los Angeles and now, New York City. Mary Ann Tighe, Gerry Miovski, …

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Inman Quarter
Company newsGeorgiaMixed-useNews

Jamestown Acquires Minority Stake in Mixed-Use Development in Atlanta

by Abby Cox

Atlanta — Jamestown has acquired a minority stake in Inman Quarter, a mixed-use development in Atlanta’s Inman Park district. The property includes approximately 40,000 square feet of retail space, 200 residential units and a 515-space parking deck. The retail component comprises multiple restaurants and cafes, including MF Sushi, Little Spirit, bartaco and Beetlecat. The Atlanta-based company, best known for its placemaking and operation of developments like Ponce City Market, will own and operate Inman Quarter with TriBridge Residential, a multifamily owner/operator also based in Atlanta. The sales price and Jamestown’s …

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Company newsIllinoisNew YorkNews

Sycamore Partners Agrees to Acquire, Privatize Drugstore Giant Walgreens in Multibillion-Dollar Deal

by Abby Cox

Deerfield, Ill. and New York City — Walgreens Boots Alliance (WBA) has entered into a definitive agreement to be acquired by an entity affiliated with private equity firm Sycamore Partners. The total value of the transaction is $23.7 billion, according to WBA, including an equity value of $10 billion, as well as debt, capital leases and potential future payouts from the opioid and Everly Health Solutions COVID-19 testing settlements. Upon completion of the transaction, which is expected to close in the fourth quarter of 2025, WBA common stock will be …

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