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Experiential Retail Adjusts for a Post-COVID Comeback

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

…

  • March 22, 2021
  • Published in Features, From The Magazine

Virtas Partners, Seaker Group Join to Help Retail Clients Struggling with Overhead Costs Due to COVID-19 Restrictions

Chicago — Virtas Partners has joined in an alliance with The Seaker Group to help retail clients struggling with excessive overhead costs amid continuing restrictions on retailers due to the COVID-19 pandemic. “We are bringing together The Seaker Group’s insightful

…

  • March 8, 2021
  • Published in Company news, Illinois, News

U.S. Division of L’Occitane Files for Chapter 11 Bankruptcy Protection, Plans Store Closures

New York City — The U.S. arm of beauty retailer L’Occitane en Provence has filed for Chapter 11 bankruptcy protection and announced plans to close several stores in an effort to optimize the company’s 166-location U.S. footprint.  At least 23 stores

…

  • January 29, 2021
  • Published in Company news, New York, News

Saucy Brew Works to Open Brewpub, Coffeehouse in Detroit’s Brush Park

Detroit — Saucy Brew Works will open a new brewpub and coffeehouse in Detroit’s Brush Park neighborhood. The opening is slated for March 3. The 5,700-square-foot space will be the first restaurant within Bedrock’s City Modern apartment development. Guests will enjoy

…

  • January 27, 2021
  • Published in Development, Leasing, Michigan, News

AMC Theatres Raises $917 Million of Investment Capital, Says Bankruptcy is ‘Completely Off Table’

Leawood, Kan. — In effort to remain financially afloat amid the COVID-19 pandemic, AMC Entertainment Holdings Inc. (NYSE: AMC) has raised or signed commitment letters to receive $917 million of new equity and debt capital. The Leawood-based movie theater company

…

  • January 25, 2021
  • Published in Company news, Finance, Kansas, News

Indoor Dining Expected to Resume Feb. 1 in Michigan

Lansing, Mich. — The State of Michigan has continued its ban on indoor dining but is expected to lift the restriction beginning Feb. 1. Indoor dining will resume with “mitigation measures, capacity limits and a curfew,” according to the Michigan

…

  • January 14, 2021
  • Published in Michigan, News, Restaurants

Punch Bowl Social Files for Chapter 11 Bankruptcy

Denver — Punch Bowl Social has filed for voluntary Chapter 11 bankruptcy through the U.S. Bankruptcy Court for the District of Delaware. The Denver-based “eatertainment” concept has closed all but three of its locations due to the COVID-19 pandemic. The

…

  • December 23, 2020
  • Published in Colorado, Company news, Entertainment, News

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

Los Angeles — Sameday Testing will open five new COVID-19 testing facilities within Westfield shopping centers. The locations will be at Westfield Annapolis, Westfield Montogmery and Westfield Wheaton in Maryland; The Village at Westfield Topanga in Woodland Hills, California; and

…

  • December 17, 2020
  • Published in California, Company news, Illinois, Maryland, News

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

Washington, D.C. — Retail sales in November declined 1.1 percent compared to October of this year, the U.S. Commerce Department reported Wednesday. The monthly decline is the first dip since April, when sales plummeted 14.7 percent due to the COVID-19

…

  • December 16, 2020
  • Published in News, Retailers, Washington DC

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

Milwaukee — Outlook Management Group LLC’s president Ray Balfanz has partnered with Hunger Task Force of Milwaukee and other local small businesses to donate food to Milwaukee residents in need. Balfanz created the CollectionConnection to raise money for meals. The

…

  • December 14, 2020
  • Published in Company news, News, Wisconsin
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Industry Content

NRF: Holiday Retail Sales Rose 5.3 Percent to $936.3 Billion in 2022

 Washington, D.C. — The National Retail Federation (NRF) has reported that retail sales during 2022’s November-December holiday season rose 5.3 percent year-over-year, reaching $936.3 billion. Though the number fell short…

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Key Variable Moving Forward in Today’s Market? Motivation from Both Sides

Motivation is one of the prime drivers in any market cycle. Some markets are affected by interest rates and others by inflation. One way or another, however, a retail investment…

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Today’s Pricing Strategy is a Mix of Art, Science

There will always be a tug-of-war between retail buyers and sellers — or, really, buyers and sellers of any kind. Both parties want to achieve the best price, but that…

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City of Murrieta: Experiential Leads Retail Expansion in Evolving California City

The City of Murrieta, located in Southern California, has seen explosive growth, leading to expanding retail potential — especially in the experiential arena. The city's retail successes have been based on its…

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Cullinan Properties: Mixed-Use Properties Use Retail to Drive Value

Real estate is densifying across the country, and retail has become an important amenity as people seek to live, work and play all together in mixed-use locations. The pandemic sped up…

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Faris Lee: Abundant Capital, Sales Volume Rise as Investors Pursue Retail

Investment volume, capital and competition in the retail sector have been at unprecedented levels lately, leading to lower cap rates as well as more flexibility than investments in multifamily and…

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The Necessity Retail REIT: Growing a Recession-Resilient, Necessity Retail Portfolio

What does it take to build a $5.2 billion recession-resilient, necessity retail property portfolio? Reporter Nellie Day of Retail Insight explored this topic and more with Jason Slear, Executive Vice…

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NewMark Merrill: Prop Tech Solutions to Retail Challenges

Shopping center developers, owners and managers are using property technology (prop tech) to make sense of a wealth of new, retail-generated data to create an ongoing, positive experience for customers. Sandy Sigal,…

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Industry News

  • Newmark Brokers Sales of Two Retail Properties in Washington Totaling 124,660 Square Feet
  • Red Mountain Group Purchases Portfolio of Former Big Lots Stores for $47.5 Million
  • Marcus & Millichap Arranges Sale of 40,448-Square-Foot Retail Center in Eastern Tennessee
  • SVN | J. Beard Arranges Sale of 3,600-Square-Foot Retail Property in Metro Houston
  • Pier 57 Unveils 15-Vendor Lineup for Market 57 Food Hall in New York City

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