Philadelphia is known for many things, from being the City of Brotherly Love to a city rich in history, art, culture and food. As a result, the region is desirable for many residents and visitors and has been recognized in
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This summer, Canadian women’s fashion retailer Aritzia signed a lease for 46,000 square feet at 555 N. Michigan Ave. for its fourth Chicago-area location. At the time of the lease signing, the deal represented the largest completed transaction on the
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Participants across Florida’s retail scene are bullish on the growth prospects in the state’s top markets as tenant demand remains robust for new and second-generation space. More than two years removed from the onset of the COVID-19 pandemic, sources say
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It’s a challenging world right now. Inflation, rising interest rates, persistent supply chain lags and labor shortages are affecting the retail and industry. That’s to say nothing of the always changing retail environment. But there are also got consumers who
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As the nation emerges on the other side of the pandemic, the retail and restaurant industries are tasked with adapting their store designs and business models to match consumer behavioral shifts. Shoppers and diners alike want to make purchases easily
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During the pandemic in 2020, there was a pause in the retail investment market once the stay-at-home orders were implemented. However, the single-tenant and multi-tenant retail pad properties quickly picked up momentum in the third and fourth quarters, but transactions
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By mid-2021, retail properties were back in favor with investors and the active buyer pool had expanded from single-tenant and multi-tenant retail pads to grocery-anchored shopping centers. With the unprecedented buyer demand and limited inventory of institutional quality retail investments
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Multi-tenant shopping centers are gaining favor with investors. British entrepreneur and adventurer Sir Richard Branson, head of Virgin Group Ltd., said, “Every success story is a tale of constant adaption, revision and change.” Certainly, as retailers grappled with the impact
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Insurance is rarely considered a topic of enjoyable conversation, even in the business world. Although a very important and necessary part of successful operations, insurance products are often complicated in application, ambiguous in interpretation, and can be structured and priced
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Shopping center owners thought the solution to combat online shopping was so crystal clear. Give them experiences. Provide social spaces. Make interaction the focal point. And this worked…for a while. Entertainment and food and beverage operators soon absorbed the spaces
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The net lease sector has seen a year like no other commercial real estate sector. Despite a once-in-a-millennium pandemic, the sector is riding a two-year high on fundamentals that have only strengthened over the past year. While many sectors in
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Retail and restaurant re-openings this fall gave a modest boost to the New York City retail market in the third quarter. But even with the easing of some operational restrictions, business activity remains diminished in a city known for its
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