Albertsons sues Kroger, ending blockbuster grocery merger
Two supermarket giants trade allegations after judge rules against $24.6 billion deal
U.S. supermarket leaders Kroger and Albertsons Cos. are not parting ways on good terms.
Macy’s predicts $275 million in real estate sales this year, double the expectation
Retailer also accelerating store closings slated for after the holidays
Macy's expects to generate nearly twice as much revenue this year, $275 million, than it originally expected from sales of its real estate properties, citing a favorable market.
Federal judge blocks $25 billion Kroger and Albertsons supermarket merger
Oregon District Court doesn’t see Walmart as direct rival, casts doubt on store selloff plan
A federal judge has blocked the $24.6 billion merger of two U.S. supermarket leaders, Kroger and Albertsons Cos., rejecting their claim that retail giants Walmart and Amazon are th...
New Vernon Equities buys two Novartis buildings on drugmaker’s North Jersey campus
Developer plans to create innovation hub called Arena in East Hanover
New Vernon Equities has acquired two trophy office towers on giant drugmaker Novartis' Northeast campus, where the developer plans to create a pharmaceutical industry hub.
Panasonic to sublease full North American headquarters in New Jersey
Consumer electronics behemoth looks to downsize
Consumer electronics giant Panasonic wants to sublease its North American headquarters in Newark, New Jersey, and relocate to a smaller location in the city.
Dollar Tree has closed nearly 700 of its poorly performing Family Dollar stores
Discount giant still deciding fate of its troubled acquisition
Discount behemoth Dollar Tree has shuttered 670 of its underperforming Family Dollar stores so far, about two-thirds of the nearly 1,000 it plans to close, as it considers whether ...
Walmart to shutter Sam’s Club fulfillment center in South Jersey
Move marks retail giant’s second closing of an industrial property in that part of the Garden State
Retail giant Walmart is closing a fulfillment center in southern New Jersey for its Sam's Club chain as it tries to improve the efficiency of its distribution network.
US store closings see another spike as Advance Auto Parts shuts over 700 locations
Retailer plans to shut four distribution centers, exit West Coast
Advance Auto Parts is slashing its store fleet by more than 700 locations and shuttering four distribution centers, adding to this year's pile of retail closings that are starting ...
PureGym wins court approval, over Planet Fitness, to buy Blink’s New York, New Jersey clubs for $121 million
Real estate firm JTRE is slated to acquire bankrupt chain’s Chicago, Houston and California locations
In a duel between two large health club chains, Britain's PureGym has won its battle with Planet Fitness to acquire most of Blink Fitness' locations in New York and New Jersey out ...
Mediterranean restaurant chain Cava targets South Florida, Midwest for expansion next year
Fast-casual restaurant operator posts double-digit sales growth in third quarter
Booming Mediterranean-focused fast-casual restaurant chain Cava Group plans to enter South Florida and expand in the Midwest next year, riding the momentum from its recent sales cl...
KRE Group obtains $175 million construction loan for Jersey City tower
Project is latest for developer in Journal Square
Kushner Real Estate Group has obtained a $175 million senior construction loan to develop one of the high-rises at Artwalk Towers, an apartment complex it plans for Jersey City, Ne...
Daytime dining chain First Watch to buy 16 of its franchised restaurants for $49 million
Company seeks to solidify ownership on East Coast with deal in North and South Carolina
First Watch Restaurant Group, a daytime-dining restaurant chain, has struck a deal to acquire 16 of its franchised eateries and corresponding development rights in North and South ...
Playa Bowls whips up 11 openings, 52 franchise commitments
New Jersey-based chain targets Denver, Dallas and Long Island for expansion
Playa Bowls, an acai bowl and smoothie chain, has expanded its footprint into new and existing markets by opening 11 locations and securing 52 franchise commitments in the third qu...
New Jersey’s ‘metroburb’ adds first full-service restaurant to its menu
Former Bell Labs campus expands dining options with Mabel
New Jersey's Bell Works, described by its developer as a self-contained metropolis in suburbia, is finally getting its first full-service restaurant.
J.C. Penney stores in New Jersey, Washington trade for $17.7 million
Sales are retailer’s latest stemming from Chapter 11 reorganization in 2020
Two more J.C. Penney anchor stores, one in New Jersey and one in Washington, were sold in separate transactions for a total of $17.7 million as part of the chain's ongoing bankrupt...
CRG and PCCP are slated to develop two-warehouse center in central New Jersey
Industrial project is planned along Interstate 78 corridor in Lehigh Valley
CRG and PCCP, the real estate investment management firm, are partnering to develop a 575,900-square-foot industrial complex with two warehouses in central New Jersey.
Macerich has deal to sell The Oaks mall in California for $157 million
REIT also pays $122 million to buy out partner’s stake in portfolio
Retail landlord Macerich has struck a deal to sell a Los Angeles-area mall for $157 million as it sells off some properties and consolidates joint venture agreements as part of a s...
US store closings soar past any full-year total since height of pandemic in 2020
But there are tenants to fill the space with retail vacancy still low, analysts and brokers say
U.S. store closings have accelerated, surpassing any full-year total since the height of the pandemic in 2020. But there will be demand for that vacant retail space, according to i...
TGI Fridays to exit nearly 80 leases for US restaurants and headquarters
See the locations of rejected TGI Fridays rental agreements across the US
A U.S. bankruptcy judge has granted TGI Fridays approval to exit 78 of its restaurant leases, as well as the office lease for its Dallas headquarters, in a move expected to save th...
Franchise Group, with Chapter 11, plans to close 300-plus store American Freight chain
Parent of Vitamin Shoppe, Pet Supplies Plus adds to swell of US store shutterings
Franchise Group, parent of retailers including Vitamin Shoppe and Pet Supplies Plus, is following in the footsteps of other U.S. store operators this year by filing for bankruptcy ...