Leases for nearly 60 Saks Off 5th and Last Call stores that total 1.7 million square feet have officially gone on the block, with the sites touted as a chance for expanding chains to get locations in high-traffic retail corridors.
The massive transformation of one of Montreal’s most storied former industrial sites is two weeks from completing heavy demolition. Daniel Arbour, vice president of major projects at project partner Mach Group, describes the landscape of the former Molson Brewery as a “war zone” of industrial remnants.
Manhattan’s Times Square and the iconic Fifth Avenue stretch south of Central Park may have seen a return of tourist traffic, but the corridors — New York's most expensive — were found to be trailing in the city's overall retail rebound.
Zagreb-based investment firm Prosperus Growth Sedam has received approval from the Zagreb Stock Exchange to acquire the remaining 1.1 million shares in Croatian hotel operator Medora Hoteli i Ljetovalista, or Medora Hotels & Resorts.
Winter Storm Fern wreaked havoc on U.S. hotel performance in the week of Jan. 25-31 as revenue per available room fell 4% on declining occupancy (-2.4 percentage points) and unresponsive average daily rate (+0.2%).
Shaftesbury Capital has agreed a deal to lease space to premium French outerwear brand K-Way for its new London flagship at 26-27 Carnaby Street in Soho.
JLL appointed David Kristjanson as global life sciences industry lead within its project and development services group. The brokerage said Kristjanson will advise clients on location, design and related matters in regard to biotech facility projects. JLL said it is increasing services in the property category as the life science industry undergoes its most significant realignment since the original biotech boom of the 1970s and 1980s.
Property firm Ediston has unveiled plans to redevelop Glasgow's Egyptian Halls into a 70-bedroom apartment hotel with a food market after being appointed by the council as the preferred bidder.
Amazon expects to spend $200 billion on data centers and other equipment this year, topping its big technology rivals in a spending spree to build out artificial intelligence networks.
On Sunday, the NFL's Seattle Seahawks face the New England Patriots in Super Bowl LX, marking a repeat of the Super Bowl matchup of 2015. This year, the Seahawks and the Patriots each come into the big game after a regular season record of 14-3.
A $5 billion development under construction in downtown Atlanta is bolstering its roster of restaurant options with plans to add one of the city’s best-known steakhouses and seafood restaurants.
The Super Bowl has historically brought immense hotel demand to each host market, providing hotel owners the opportunity to push average daily rates well above standard pricing.
