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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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CaliforniaCompany newsDevelopmentNews

Ross Stores Opens 19 Locations

by Abby Cox

Dublin, Calif. — Ross Stores Inc. has opened 16 Ross Dress for Less stores and three dd’s DISCOUNTS stores across 14 different states this month. The newest store locations are part of the company’s plans to open a total of approximately 90 new stores in 2025, which will comprise 80 Ross’ and 10 dd’s DISCOUNTS. Ross has expanded its presence in the newer markets of Connecticut, Minnesota, New Jersey and New York, while dd’s DISCOUNTS has focused on the existing markets of California, Georgia and Texas. Ross Dress for Less …

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Phenix Salon Exterior
Company newsNewsTexas

Phenix Salon Suites Acquires Six Salon Facilities in San Antonio

by Abby Cox

San Antonio — Phenix Salon Suites has acquired six existing salon facilities in San Antonio, which will now be owned and operated as Phenix Salon Suite company locations. The facilities previously operated under the Vista Salon Suites brand and will soon be converted to the Phenix format. Las Vegas-based Phenix Salon Suites began franchising in 2012 and has 400 locations open across 33 states with plans to expand internationally. 

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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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