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LeasingMixed-useNewsRestaurantsUtah

Three New Tenants Sign Leases at Valley Grove in Utah

by Hayden Spiess

Pleasant Grove, Utah — Three new restaurant tenants have signed leases at Valley Grove, a $1.2 billion mixed-use development in Pleasant Grove. Upon full build-out, the project will comprise more than 1.5 million square feet of retail, office and hospitality space. The Great Greek Mediterranean Grill, Rancherito’s and Wildside Bowls are now open at the property, occupying a total of 5,498 square feet. Cameron Simonsen of Colliers International represented Wildside Bowls in the lease negotiations. Jace Bankhead of Legend Partners represented The Great Greek Mediterranean Grill, and Christopher Wilson of CRC …

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ColoradoCompany newsNewsRestaurants

Smalls Sliders Signs 10-Unit Franchise Deal in Colorado 

by Hayden Spiess

Denver — Fast-casual food-and-beverage brand Smalls Sliders has signed a new, 10-unit franchise deal in Colorado, marking the concept’s first entry into the state. An entity doing business as Mountain Sliders LLC will own and operate the restaurants, which will be situated in metro Denver. Locations will include Boulder, Longmont, Greeley and Fort Collins, with the first unit scheduled to open in 2025. 

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Company newsGeorgiaNewsRestaurants

Jack in the Box to Open 15 Restaurants in Georgia

by Hayden Spiess

San Diego — San Diego-based Jack in the Box has announced plans to open 15 restaurants in Georgia, marking the first entry into the state for the fast-casual brand. New sites have not yet been selected, but plans include a focus on the Macon, Augusta and Savannah markets. A franchisee will own and operate the restaurants. Jack in the Box also recently announced a commitment to 30 new units in Florida. 

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Content PartnersFeaturesFinanceInvestment salesMarketingMixed-useRestaurantsRetail InsightRetailersVideos

Franklin Street: How to Navigate Current Retail Challenges and Future Opportunities

by Sarah Daniels

  At the ICSC LAS VEGAS 2024 conference, Nelli Day of Retail Insight interviewed Monetha Cobb, chief marketing officer, and Greg Matus, senior vice president of investment sales, of Franklin Street, to discuss the prevailing challenges and future trends in the retail industry. Key Challenges in Retail The primary hurdle in the retail sector is the fluctuating market and rising interest rates, which have significantly slowed down transactions. Investors and developers are finding it tougher to secure deals as banks enforce stricter lending criteria. Despite a slight uptick in activity, …

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Content PartnersFeaturesFinanceLeasingPower centersRestaurantsRetail InsightRetailersVideos

Broad Reach: Revitalizing Shopping Centers, Strategies for Addressing Retail Trends

by Sarah Daniels

  At the ICSC LAS VEGAS 2024 conference, Nellie Day from Retail Insight spoke with Nate Tower, president and founder of Broad Reach Retail Partners, to explore the evolving landscape of retail and upcoming trends in the space. Broad Reach Retail Partners focuses on revitalizing underperforming shopping centers via a holistic, full-cycle approach that considers leasing, management, construction and acquisition. Tower emphasizes the importance of assessing a matrix of key performance indicators (KPIs) — including capital requirements, tenant mix and market demographics — to develop and execute effective business plans …

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Content PartnersFeaturesLeasingMallsMarketingOperationsPower centersRestaurantsRetail InsightRetailersVideos

NewMark Merrill: Harness Retail Data to Improve Customer Experience, Streamline Operations

by Sarah Daniels

  Sandy Sigal argues that the evolving fields of automation and artificial intelligence (AI) are a perfect fit for retail. “We generate the most relevant data on an everyday basis, and that data affects the outcomes and success of our centers,” explains Sigal. In a discussion on the pivotal role of technology in the retail sector, Sigal emphasizes that understanding customer behavior is paramount for shopping center owners. By leveraging technology to track customer movement and sentiment — where they come from, how long they stay, how they feel about …

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DevelopmentEconomic DevelopmentEntertainmentFeaturesLearn from Industry LeadersMixed-useRestaurantsRetail InsightRetailersVideos

Moreno Valley: Hub for Growth and Opportunity

by Sarah Daniels

  Located in Southern California’s Inland Empire, Moreno Valley has emerged as a significant growth center and a friendly home to retail. As highlighted by Melissa McClain, head of marketing & business attraction for the city, the area’s robust development is driven by substantial job creation and strategic planning. “Truly the catalyst for the growth in Moreno Valley has been jobs. We’ve created more than 34,000 jobs in the last eleven years. And because of that, we now have more than 7,700 single-family and multifamily residential units that are either …

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LeasingNew YorkNewsRestaurants

New York Fries Opens at Smith Haven Mall in New York 

by Hayden Spiess

Lake Grove, N.Y. — Fast-casual restaurant concept New York Fries has opened at Smith Haven Mall in Lake Grove. Recipe Restaurant Group owns and operates the brand, which offers an array of fries, as well as poutine and hot dogs. This marks the fourth restaurant to open in the U.S. this year for the concept and the second in New York. Units occupy between 250 and 350 square feet. Simon Property Group is the landlord at the property. 

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DevelopmentLeasingMarylandNewsRestaurants

Six Concepts Join Lineup at Commas Food Hall in Silver Spring, Maryland

by Hayden Spiess

Silver Spring, Md. — Six new food-and-beverage concepts have signed leases to join Commas, a 13,000-square-foot food hall currently underway at Ellsworth Place shopping center in Silver Spring. 6 Skewers, The Champs Kitchen, Claude Have Mercy, Momo Hub, Nim Ali and Café Antigua by Nim Ali will join the food hall, which will feature 11 total stalls. Openings are scheduled to begin this summer. GBT Realty Corp. owns and operates Ellsworth Place, which totals 350,000 square feet. 

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Company newsFinanceFloridaNewsRestaurants

Red Lobster to Sell Assets to Creditors in Chapter 11 Bankruptcy Filing

by Hayden Spiess

Orlando, Fla. — Red Lobster has voluntarily filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Middle District of Florida. The Orlando-based seafood restaurant chain plans to sell its business to an entity formed and controlled by its existing lenders. Red Lobster, which was founded in 1968 and operates some 600 restaurants across North America, has received a $100 million debtor-in-possession financing commitment from its existing lenders to facilitate this plan. The company stated that it would use the financing and bankruptcy proceedings to drive operational improvements, …

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