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EEE
CaliforniaCompany newsConference CoverageEntertainmentNews

EEE: Emotion is the Key to Achieving ROI with Today’s Entertainment Options

by Abby Cox

Gerald Divaris, chairman and CEO of Divaris Group of Companies and a panelist at last week’s Entertainment Experience Evolution (EEE) conference, produced by France Media’s Shopping Center Business and InterFace Conference Group, has a Shakespearean take on today’s retail environment. It’s that all the (retail) world’s a stage. “Retail is essentially entertainment,” he told a crowd of 500 attendees during the Leading Retail Landlords Panel at EEE, which was held Feb. 25-26 at the J.W. Marriott LA Live. “Otherwise, you’d be buying on Amazon.” Divaris expanded upon this notion, citing …

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Fountain Square in Brookfield, Wisconsin
Company newsGeorgiaNew YorkNews

Global Net Lease Agrees to Sell 100-Property Multi-Tenant Retail Portfolio for $1.8 Billion

by Abby Cox

New York City and Atlanta — Global Net Lease Inc. has entered into a binding agreement to sell its multi-tenant retail portfolio of 100 non-core properties to a subsidiary of RCG Ventures Holdings LLC, for approximately $1.8 billion. The transaction represents an 8.4 percent cash cap rate. GNL says the transaction would accelerate its deleveraging initiative and position the company as a pure-play, single-tenant net lease (STNL) company. GNL launched its disposition initiative in 2024, with the objectives of significantly reducing debt, enhancing financial flexibility and lowering its cost of …

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CaliforniaCompany newsLeasingNews

CBRE to Manage, Lease 761,275-Square-Foot Shopping Center in El Centro, California

by Abby Cox

El Centro, Calif. — CBRE has been selected to provide leasing and management services for Imperial Valley Mall, a 761,275-square-foot shopping center located in El Centro. Tryperion Holdings, Peak Financial Partners and Duke Real Estate acquired the center earlier this month, with plans to invest in facility operations and improvements to the physical infrastructure of the building. Joe Yetter and John Stevens of CBRE will manage leasing efforts for the property. Opened in 2005, Imperial Valley Mall is anchored by Dillard’s, JCPenney, Macy’s and a Cinemark Theatre.

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Fabric and craft retailer JOANN
Company newsFinanceNew YorkNews

JOANN to Close all 800 Stores

by Abby Cox

New York City — JOANN has announced it will close all of its stores after the fabric and craft retailer was auctioned off to a new ownership group. Earlier this month, JOANN announced the closures of approximately 500 of its more than 800 locations across the United States. The announcement comes after the Hudson, Ohio-based retailer filed for Chapter 11 bankruptcy protection in January — the second time in a year — where JOANN’s remaining assets were put up for auction. Retail liquidator GA Group and JOANN’s term lenders won …

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Company newsDelawareDevelopmentGrocery-anchoredLeasingMixed-useNews

Blenheim Group Breaks Ground on 64,000-Square-Foot Weis Markets at Bayberry Town Center in Middletown, Delaware

by Abby Cox

Middletown, Del. — Blenheim Group has broken ground on a 64,000-square-foot Weis Markets location at Bayberry Town Center, a mixed-use development currently underway in Middletown. Marking its fourth store in Delaware and its first ground-up development, the location will include fresh food departments, a grocery department and pharmacy, as well as a Weis Gas N’ Go fuel center. The grocery store and fuel center are scheduled to open in the fourth quarter of 2025. Weis Markets is part of the larger master-planned community of Bayberry Town Center, which will span …

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Company newsDevelopmentFloridaNews

World Market to Open 18,369-Square-Foot Store in Sarasota, Florida

by Abby Cox

Sarasota, Fla. — World Market will open an 18,369-square-foot store in Sarasota. Located in the Sarasota Pavilion Shopping Center, the new store will mark World Market’s 14th location in the state of Florida. The specialty retailer is known for its assortment of furniture, home décor, imported rugs and curtains, as well as its selection of candy, beverages and international food products. The grand opening will be held on Friday, February 28.

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CaliforniaCompany newsFloridaNews

Industry Veterans Launch CrownPoint Partners Real Estate Brokerage

by Abby Cox

Newport Beach, Calif. and West Palm Beach, Fla. — Industry veterans Julius Swolsky, Shannon Bona and Don Bingham have launched CrownPoint Partners, a national brokerage and advisory firm focused on net-lease and sale-leaseback transactions across retail, industrial, office, medical and special-purpose sectors. The company will offer services including investment sales and acquisitions, sale-leasebacks and strategic analyses. Swolsky, Bona and Bingham have closed over $3 billion in sales volume across 750 transactions nationwide in the plast five years with their former company, Graystone Capital Advisors. CrownPoint Partners is headquartered in Newport …

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Company newsDevelopmentGrocery-anchoredIllinoisNews

ALDI to Add 225 New Stores in 2025

by Abby Cox

Batavia, Ill. — German discount grocery store chain ALDI has plans to open more than 225 new store locations in 2025 as part of its five-year national growth strategy. The new stores will comprise original ALDI supermarkets and the conversion of select Winn-Dixie and Harveys Supermarket stores. Approximately 220 Southeastern Grocers locations will be converted to the ALDI format through 2027. As part of the strategy, ALDI has closed a transaction to divest approximately 170 Winn-Dixie and Harveys Supermarket stores that are not part of the ALDI conversion plan to …

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Company newsDevelopmentNewsNorth Carolina

Belk to Open Two Outlet Stores in North Carolina

by Abby Cox

Gastonia and Raleigh, N.C. — Charlotte, North Carolina-based department store chain Belk will open two new outlet stores in North Carolina this spring, marking its second and third outlet locations in the state. The stores will occupy the Eastridge Mall in Gastonia and Triangle Town Center in Raleigh. Belk Outlets offer a selection of high-end brands and products at a discounted price; fashion and home merchandise purchased specifically for the outlet locations; and products that come directly from traditional Belk stores. Both locations will continue to operate traditional Belk stores …

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