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Joyal Capital Management Sells 14-Store Dunkin’ Portfolio in Metro Boston

Canton, Mass. — A subsidiary of Joyal Capital Management (JCM) has sold a portfolio of 14 Dunkin’ stores located throughout the Boston area in a transaction valued at $44 million. The buyer was Northern Management Group, a franchisor of hotel,

…

  • January 19, 2021

Aldi to Open 21,000-Square-Foot Grocery Store at Dartmouth Mall in Massachusetts

Dartmouth, Mass. — German discount grocer Aldi will open a 21,000-square-foot store at Dartmouth Mall in southeastern Massachusetts in the fourth quarter. Aldi will backfill a space previously occupied by Sears and will join Burlington, Old Navy, H&M and Five

…

  • January 12, 2021

RK Centers Acquires Grocery-Anchored Shopping Center in Metro Boston for $23 Million

Framingham, Mass. — Locally based investment firm RK Centers has acquired an 80,000-square-foot grocery-anchored shopping center in the western Boston suburb of Framingham for $23 million. Stop & Shop is the grocer that anchors the property, which is located just

…

  • December 14, 2020

Market Basket Opens New 69,374-Square-Foot Location in Maynard, Massachusetts

Maynard, Mass. — Market Basket has opened a 69,374-square-foot grocery store within Maynard Crossing in Maynard. The 730,000-square-foot mixed-use development is home to other retail tenants such as Eco Nails & Spa, Planet Fitness and Maynard Wine & Spirits. Capital

…

  • December 7, 2020

Regency Centers Sells Retail Building Leased to Whole Foods in Swampscott, Massachusetts, for $19.2 Million

Swampscott, Mass. — Regency Centers, a Florida-based shopping center REIT, has sold a 35,907-square-foot retail building leased to Whole Foods Market in Swampscott, about 30 miles northeast of Boston. The sales price was $19.2 million. Whole Foods has occupied the

…

  • December 2, 2020

Newmark Arranges $25 Million Sale of Grocery-Anchored Shopping Center in Metro Boston

Mansfield, Mass. — Newmark has arranged the $25 million sale of a 74,383-square-foot shopping center located at 377 Chauncy St. in Mansfield, a southern suburb of Boston. Grocer Stop & Shop anchors the property, which is situated on nine acres

…

  • November 16, 2020

Restaurant Chain Friendly’s Files for Chapter 11 Bankruptcy, Enters into Sale Agreement

Wilbraham, Mass. — FIC Restaurants Inc., a restaurant company that operates the Friendly’s brand, has filed for Chapter 11 bankruptcy and entered in an agreement to sell all of its assets to Amici Partners Group LLC. Nearly all of Friendly’s 130 corporate-owned

…

  • November 3, 2020

Inspire Brands Agrees to Acquire Dunkin’ in $11.3 Billion Transaction

Atlanta and Canton, Mass. — Inspire Brands has agreed to acquire fast-food breakfast chain Dunkin’ Brands (NASDAQ: DNKN) in a transaction valued at $11.3 billion. The deal is expected to close by the end of the year. Atlanta-based Inspire Brands is the

…

  • November 2, 2020

Crosspoint Associates Acquires Land in Metro Boston for Retail Expansion Project

Framingham, Mass. — Locally based development firm Crosspoint Associates has acquired 2.7 acres in the western Boston suburb of Framingham for a retail expansion project. The site formerly housed a Colonial Nissan car dealership and is located adjacent to a

…

  • September 8, 2020

NKF Negotiates $42.4 Million Sale of Retail, Office Building in Boston’s Back Bay Area

Boston — Newmark Knight Frank (NKF) has negotiated the $42.4 million sale of 8 Newbury Street, a 17,023-square-foot office and retail building located in Boston’s Back Bay area. A Rolex flagship store occupies the ground- and second-floor retail spaces of

…

  • August 5, 2020

Dunkin’ Reports 20 Percent Revenue Decrease in Second Quarter, Will Close 350 Stores

Canton, Mass. — Dunkin’ Brands Group (NASDAQ: DNKN) reported a total decrease in revenue of 20 percent during the second quarter and announced that it will close about 350 stores worldwide during the second half of the year. These closures

…

  • July 31, 2020

MGM Reopens Casino in Springfield, Massachusetts, at 25 Percent Capacity

Springfield, Mass. — MGM Resorts International (NYSE: MGM) has reopened its casino in the western Massachusetts city of Springfield at 25 percent of its original capacity due to the COVID-19 pandemic. As of July 13, there were 112,000 confirmed coronavirus

…

  • July 15, 2020
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Webinar: Will Southeast Retail Investment Activity Bounce Back in 2021?

Shopping Center Business and Southeast Real Estate Business hosted "Southeast Retail Investment Outlook — Will Retail Investment Activity Bounce Back in 2021?" A panel of retail experts covered topics like the lending atmosphere,…

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Webinar: Driving Retail Income Through Specialty Leasing & Ancillary Revenue

On October 15 Ancillary Retail hosted a webinar titled “Driving Income Through Specialty Leasing and Ancillary Revenue.” Webinar panelists shared how important it is to quickly shift strategy, not just in relation to…

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Webinar: Las Vegas Retail Outlook — How is the Las Vegas Retail Sector Responding to…

The "Las Vegas Retail Outlook — How is the Las Vegas Retail Sector Responding to COVID-19?" webinar, hosted by Shopping Center Business and Western Real Estate Business, covers the approaches taken by an expert panel of…

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Webinar: Michigan Retail Outlook: How is Michigan’s Retail Sector Responding to COVID-19?

  (Panelists, clockwise from top left) Adam Tiktin, Tiktin Real Estate Investment Services; Rod Castan, Courtelis Company; Lyle Stern, Koniver Stern Group; Philip Rosen, Becker (moderator); Duane Stiller, Woolbright Development. Shopping Center…

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Industry News

  • NewStreet Properties Sells Shopping Center in Omaha for $12.7 Million
  • Cushman & Wakefield Arranges $5.2 Million Sale of Shoppes at Cortaro Ranch in Tucson
  • Progressive Real Estate Partners Brokers $4.8 Million Sale of Former Food 4 Less Store in Corona, California
  • JLL Negotiates Sale of 94,550-Square-Foot Shopping Center in Metro Philadelphia
  • Office Depot Parent Company Rejects Staples’ $2.1 Billion Acquisition Offer

Coronavirus News

  • Indoor Dining Expected to Resume Feb. 1 in Michigan

  • Punch Bowl Social Files for Chapter 11 Bankruptcy

  • Sameday Testing to Open Five COVID-19 Testing Sites at Westfield Shopping Center Locations

  • Retail Sales in November Show Negative Growth for First Time Since May, Remain Higher than…

  • Outlook Management Group Partners with Local Businesses to Donate Meals to Families in Need in…

  • Comparable Sales for Ulta Beauty Drop 8.9 Percent in Third Quarter

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