Sandy Sigal, president and CEO of NewMark Merrill, may have built his company in the physical world of real estate, but he’s keenly aware the lines between online and brick and mortar are blurring. In fact, he asserts that the
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Jeffrey S. Edison, Chairman and CEO of Phillips Edison & Company (PECO), knows sustainability will play a large role in the operation, development, design and longevity of today’s shopping centers. With that in mind, PECO has developed a number of
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The great paradox of the real estate business is that, on one hand, it’s the single largest asset class on the planet with a global estimate of $228 trillion, and it generates tremendous amounts of operating, financial and market-level data.
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Chesapeake, Va. — Variety store chain Family Dollar could close up to 390 stores in fiscal 2019 unless it obtains material rent concessions from landlords on underperforming stores.
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Plano, Texas — JCPenney has announced it will close 18 full-line stores, including the three that were announced in January, and nine furniture and home stores this year across the country.
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San Francisco — Gap Inc. (NYSE: GPS) will close approximately 230 Gap specialty stores within the next two years, the San Francisco-based apparel chain announced in its fourth quarter and 2018 fiscal year reports, released Thursday.
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Duluth, Ga. — Moonbeam Capital Investments LLC has promoted Shawl Pryor Sr. from senior vice president to chief operating officer.
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Topeka, Kan. — Payless ShoeSource will close all 2,100 of its stores in the United States and Puerto Rico as it moves toward liquidation.
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Atlanta — Candytopia has opened its doors at Lenox Square in Atlanta’s Buckhead district.
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San Diego — Charlotte Russe Holdings Corp. has filed for Chapter 11 bankruptcy in Delaware.
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Hoffman Estates, Ill. — Former Sears CEO Edward Lampert has won a bankruptcy auction for Sears Holdings Corp., according to The Wall Street Journal and other media reports.
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Hoffman Estates, Ill. — Sears Holdings Corp. (NASDAQ: SHLDQ) has reached a temporary deal to avoid liquidation and keep 425 of its stores open, according to media sources.
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