REIT strikes deal to sell piece of New Jersey mall for apartments
Russo Development plans second multifamily project in Bergen County retail area
Urban Edge Properties has a deal to sell part of Bergen Town Center to a multifamily developer, which would make that mall the third one in Paramus, New Jersey, to have housing com...
Torrent of US store closings surges on as crafts retailer Joann to shut 500 stores
Chain looks to shed more than half its fleet with downsizing
This year's surge of U.S. store closings is raging on unabated, with sewing-crafts retailer Joann now planning to shutter just over 500 locations.
Here’s where Bargain Hunt is closing its 92 stores
Discount chain begins liquidation as part of Chapter 11 bankruptcy
Discount chain Bargain Hunt is slated to liquidate and close all its 92 stores by the end of the month as it becomes the latest U.S. retailer to file for Chapter 11 protection this...
Accordia slates industrial development for Roxbury, New Jersey
Complex to break ground in third quarter
Accordia plans to develop a roughly 500,000-square-foot industrial campus in Morris County, New Jersey, looking to break ground in the third quarter.
Dollar Tree, Five Below emerge as top bidders for Party City leases
See the map outlining about 250 of almost 700 locations attracted suitors
Discount giant Dollar Tree and Five Below have emerged as the top takers for Party City store leases, but hundreds of the chain's brick-and-mortar locations have so far failed to a...
US grocery competition ramps up as Aldi adds record number of stores
Chain plans over 250 locations with focus on Southeast
German discount grocer Aldi is turbocharging its U.S. expansion this year with plans to add more than 250 stores, a record for the chain, as competition among supermarkets gets mor...
Denholtz taps Kushner veteran for capital markets growth
Jennifer McCool also worked at developer Related Cos.
New Jersey-based real estate firm Denholtz has named a Kushner Cos.' veteran as executive vice president and head of capital markets.
Liberated Brands adds to US retail closings with roughly 120 planned
Firm’s Chapter 11 filing includes Volcom, Boardriders locations
Liberated Brands, an outdoor-lifestyle apparel seller, is the latest U.S. retailer to add to the pile of stores slated to close this year as it plans to liquidate its fleet of roug...
Walmart takes on role of mall landlord with acquisition
Retailer joins some other chains buying malls and shopping centers
Discount giant Walmart has joined a relatively small group of U.S. retailers that have acquired a mall.
Simon seeks rent growth by upgrading outdated, second-tier shopping centers
Largest US mall landlord looks to bring in new kinds of tenants including healthcare facilities
Simon Property Group is turning its attention to revamping its second-tier malls across the United States, joining fellow retail landlords in trying to seize untapped growth potent...
New owner plans rebirth of Buy Buy Baby
Company that also bought Bed Bath & Beyond eyes opening stores for defunct chains
The parent of Overstock is partnering with retailer Kirkland's to revive Buy Buy Baby as a brick-and-mortar chain as well as rebooting its former sister company Bed Bath & Beyond.
Home shopping network HSN to close Florida headquarters-studio campus
Operations will be moved to sister channel QVC’s Pennsylvania base
Home shopping network HSN, which has operated out of Florida for nearly 50 years, will be closing its St. Petersburg campus to relocate to the Pennsylvania headquarters of its sist...
Morristown, New Jersey, office property trades for $118.5 million
Onyx, PCCP sell trophy building to First Mile Capital
Onyx Equities and PCCP have sold a trophy office property in Morristown, New Jersey, for $118.5 million to First Mile Capital, making it the largest suburban multitenant office tra...
Simon slates its next premium outlet center for Nashville, Tennessee
Mall giant plans bargain retail property
Giant retail landlord Simon Property Group is developing an outlet shopping center, a format that's found favor with cost-conscious consumers. It's set to follow another that Simon...
Cooper University Health breaks ground on $3 billion campus expansion
Hospital kicks off work on first tower of Camden, New Jersey project
Cooper University Health Care has broken ground on the first phase of the $3 billion expansion of its health sciences campus in Camden, New Jersey.
Here’s how AI lets retail executives see what’s on that store shelf 1,000 miles away
Lowe’s ramps up store ‘digital twins,’ while Walmart and Amazon leverage technology for supply chains
Home improvement giant Lowe's Cos. has two fleets of stores: its brick-and-mortar locations and their digital twins.
Amazon gives Whole Foods CEO oversight of its overall grocery business
Jason Buechel named vice president in wake of Fresh supermarket relaunch
Amazon has put the CEO of Whole Foods Market in charge of its overall grocery business, including its recently relaunched Fresh supermarket chain.
Former Unibail leasing executive joins 1-800-Flowers.com
Dennis Marnick now head of real estate for the e-commerce firm
A former leasing executive at global mall giant Unibail-Rodamco-Westfield has joined 1-800-Flowers.com as its head of real estate.
Camber, Invesco purchase Burlington County industrial portfolio
Five-building New Jersey acquisition totals roughly 384,000 square feet
Camber Real Estate Partners has teamed up with Invesco Real Estate to acquire a five-building industrial portfolio in southwest New Jersey.
Party City finds buyer for its IP rights, wholesale business
Ad Populum looks to bolster its party supply business with purchase of assets
Party City has found a buyer for its intellectual property rights and wholesale assets as part of its second bankruptcy filing.