Saks Global taps A&G, Great American Group to handle potential store closings
Firms are veterans in selling retail leases, managing liquidations
Luxury retail giant Saks Global has retained two advisory firms with experience handling store closings as part of its bankruptcy proceeding.
Fort Monmouth medical campus awarded New Jersey tax credits
Construction of $1.5 billion RWJBarnabas hospital project to start in March
RWJBarnabas Health has been awarded up to $400 million in New Jersey tax credits to build a $1.5 billion hospital on a new medical campus at Fort Monmouth.
Online giant Amazon tries to choke off financing for luxury retail owner Saks Global
Fight between retailers spills beyond marathon Chapter 11 hearing
Saks Global is now battling with not only unpaid vendors but also its investor Amazon, as the online giant cries foul and tries to block financing for the luxury retailer’s Chapter...
Saks Global files for Chapter 11 with vow to evaluate its store footprint
Luxury giant obtains $1.75 billion in financing from bondholders, lenders
It was a blockbuster $2.7 billion merger that united some of the most iconic names in luxury retail under one roof, creating a brick-and-mortar luxury giant. But just over a year l...
From Ralph Lauren to Walmart, retailers at conference focus on uses for AI
Tech talk fills National Retail Federation’s show in New York
Upscale retailer Ralph Lauren claims it was the first luxury chain to sell its wares online, aiming to re-create the feel of its Manhattan flagship store with its website. The comp...
Walmart moves to expand drone service nationally
Retail behemoth's move sparks discussion at NRF retail trade show
Discount giant Walmart is expanding its drone delivery service coast to coast, from Los Angeles to Miami, making it available to 150 additional stores over the next year.
Macy’s identifies next 14 stores it plans to shut down
Next stage of turnaround includes closings in 12 states
Macy’s is kicking off the new year by identifying the next round of underperforming stores it plans to close, 14 across a dozen states, as it executes its turnaround strategy.
Bob’s Discount Furniture sees 500 stores in its future going public
Bain Capital-owned chain files for stock offering with SEC
Bob’s Discount Furniture is looking to go public, saying it has the momentum to more than double its store count to 500 locations during the next decade.
Stro, KRE Group to develop industrial property at former office site
Project is planned for Parsippany, New Jersey
Stro Cos. and KRE Group are partnering to develop a new 65,000-square-foot industrial facility at the site of a now-demolished office building in Morris County, New Jersey.
MCB picks up national management of 15 grocery-anchored shopping centers
Baltimore firm buys Texas-based Epic Real Estate Partners
MCB Real Estate has completed its acquisition of Epic Real Estate Partners, taking on the operation of a sprawling 2.2 million-square-foot portfolio of 15 grocery-anchored shopping...
Saks Global wants to sell real estate hosting Pennsylvania’s new Netflix House
CBRE is listing agent for former Lord & Taylor property
The first-ever Netflix House entertainment-and-shopping venue debuted at a Pennsylvania mall two months ago. Now the building where it's located, a former Lord & Taylor store, is u...
Apartment complex at North Jersey train station gets $40 million construction loan
89-unit project is planned for Morristown NJ Transit stop
An apartment development planned next to the train station in Morristown, New Jersey, has obtained a $40 million construction loan.
Retail owner Brixmor buys California, Colorado shopping centers
REIT pays $190.7 million for two grocery-anchored properties
Retail landlord Brixmor Property Group has bought two grocery-anchored shopping centers for $190.7 million, adding to its clusters of properties in California and Colorado.
Landmark’s apartment sale ranks among New Jersey’s biggest in past year
Property firm sheds 10 properties, looks to expand into other states
A landlord has sold a portfolio of 10 garden apartment complexes in North Jersey for $90 million as it looks to buy properties and expand outside of the Garden State.
Saks Global to sell land beneath its San Francisco Neiman Marcus store
Luxury retail giant divests real estate as it faces financial struggles
Saks Global is selling the land beneath another one of its flagship Neiman Marcus stores as it continues to shed real estate to raise cash and pay off debt.
What Trump’s marijuana policy shift means for real estate
President recently signed executive order reclassifying drug to less dangerous designation
President Donald Trump recently issued an executive order directing the reclassification of marijuana as a less dangerous drug. The move could be a first step toward attracting new...
CBRE’s new retail research chief got hands-on experience at Warby Parker
JLL veteran Ebere Anokute brings his skills to rival
Ebere Anokute had worked as a retail researcher for years, but he decided he needed boots-on-the-ground experience in the industry.
Nespresso infuses New York store with coffee bar, tastings, classes
New Flatiron district flagship aims to engage visitors on both its levels
Nespresso has brewed up a new flagship store in New York City, its first location with a hidden coffee bar, in the bustling Flatiron district.
AlbaneseCormier picks up four shopping centers in portfolio purchase
Retail landlord expands national footprint, makes first buy in Wisconsin
Retail landlord AlbaneseCormier is expanding its national presence with its acquisition of a portfolio of four open-air shopping centers, with most of them in the Midwest.
Cloudsteppers starts to build US footprint
Clarks’ flip-flop shoe brand opens standalone store in Corpus Christi, Texas
Clarks is trying to get a toehold for its new store concept, flip-flop brand Cloudsteppers, in the United States with a first location in Texas.