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Ziff Real Estate Partners Acquires 41,439-Square-Foot Retail Property Near Nashville

Hermitage, Tenn. — Ziff Real Estate Partners has acquired Jackson’s Courtyard, a 41,439-square-foot retail center in Hermitage, for an undisclosed price. The property is located at 3441 Lebanon Pike, 13 miles east of downtown Nashville. At the time of sale,

…

  • January 13, 2021

Palomar Group Arranges $1.8 Million Sale of Starbucks-Occupied Building Near Chattanooga

Signal Mountain, Tenn. — The Palomar Group has arranged the $1.8 million sale of a 2,100-square-foot retail building in Signal Mountain leased to Starbucks. The property is situated as an outparcel to a Food City-anchored shopping center at the intersection

…

  • January 11, 2021

Burger Republic Launches Gift Card Program to Feed Frontline Workers, First Responders

Nashville, Tenn. — Burger Republic has launched its “Defend Heroes” gift card promotion. For every $50 spent on a gift card, the Nashville-based burger chain will donate one meal to a frontline worker or first responder in the Music City.

…

  • December 7, 2020
Philadelphia Fashion District

Mall Owners CBL & Associates, PREIT File for Chapter 11 Bankruptcy Protection

Chattanooga, Tenn. and Philadelphia — Against headwinds brought on by the COVID-19 pandemic, CBL & Associates Properties Inc. andPennsylvania Real Estate Investment Trust (PREIT) filed for Chapter 11 bankruptcy protection on Sunday, Nov. 1. PREIT Philadelphia-based PREIT owns and operates

…

  • November 2, 2020

Stan Johnson Co. Arranges $18.5 Million Sale of Retail Property in Metro Memphis Leased to Whole Foods Market

Germantown, Tenn. — Stan Johnson Co. has arranged the $18.5 million sale of a retail property in Germantown leased to Whole Foods Market. An undisclosed private investor acquired the asset at a 4.6 percent cap rate. The 36,570-square-foot freestanding grocery

…

  • October 30, 2020

Ruby Tuesday Files for Chapter 11 Bankruptcy Protection, Closes 185 Restaurants

Maryville, Tenn. — Ruby Tuesday Inc. has filed for Chapter 11 bankruptcy protection with plans to permanently close 185 restaurants that were shuttered during the COVID-19 pandemic. The company’s 236 open locations will remain operational throughout the reorganization process.  The

…

  • October 9, 2020

Dollar General to Launch New Retail Concept Targeting Wealthier Shoppers, Nashville to House First Stores

Goodlettsville, Tenn. — Dollar General will launch popshelf, a new shopping concept that will offer seasonal and home décor, health and beauty must-haves, home cleaning supplies, party goods and entertaining needs. The Goodlettsville-based retailer says 95 percent of the items

…

  • October 9, 2020

Regal Cinemas to Temporarily Suspend All U.S. Theater Operations Beginning Oct. 8

Knoxville, Tenn. — Regal Cinemas will temporarily suspend operations at all of its 536 U.S. theaters beginning Thursday, Oct. 8. British owner-operator Cineworld owns Knoxville, Tennessee-based Regal Cinemas, which has about 7,000 screens across its U.S. portfolio of theaters. Cineworld

…

  • October 6, 2020

CBL Properties Staves Off Bankruptcy with Debt Restructuring, Loses Four Malls to Foreclosure

Chattanooga, Tenn. — CBL Properties (NYSE: CBL) announced this morning that it has struck a deal with its lenders on a restructuring plan that will eliminate $900 million in debt and reduce annual interest expense by $20 million. Although the

…

  • August 19, 2020

Washington Prime Signs Chipotle, Chicken Salad Chick to Leases at Mall at Johnson City in Tennessee

Johnson City, Tenn. — Washington Prime Group (WPG) has signed Chipotle Mexican Grill and Chicken Salad Chick to the tenant roster of The Mall at Johnson City, a mall in Johnson City that is currently being redeveloped. The two eateries

…

  • July 7, 2020

CBL Properties Collects 27 Percent of Rent Checks in April, Predicts Similar Revenue Stream for May

Chattanooga, Tenn. — CBL Properties reports it collected 27 percent of billed cash rents in April as retail stores and restaurants closed due the COVID-19 outbreak. The Chattanooga-based mall owner said during its first quarter earnings report that a majority

…

  • May 27, 2020

Sprouts Farmers Market Expands Grocery Pick-Up Service to 46 Stores Across Southeast

Phoenix — Sprouts Farmers Market has expanded its grocery pick-up service to 46 stores in Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee as the grocer faces heightened demand amid the COVID-19 outbreak. The service allows customers to plan

…

  • May 13, 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

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  • Winn-Dixie Parent Company Moves Forward With Initial Public Offering
  • Francesca’s Receives Approval to Enter into Bankruptcy Sale Agreement, Will Keep 275 Stores Open
  • Taubman Announces CFO Transition as Simon Leopold Departs Company
  • Marcus & Millichap Arranges $8.1 Million Sale of Shopping Center in Waterloo, Iowa

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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