News | Retail

August 22, 2025 | 11:52 p.m.
Historic Los Angeles mall sells in one of region’s biggest deals, with ambitious overhaul plans
Lakewood Center, a sprawling Los Angeles mall built in 1951 to bring commerce to the region’s growing suburbs, is about to be reimagined after its near-record sale.
August 22, 2025 | 10:54 p.m.
Retailer Car Toys plans sale of 35 stores as part of bankruptcy
Car Toys, an auto-parts-and-accessories retailer, plans to sell most of its store fleet after joining the growing group of chains that are seeking bankruptcy protection.
August 22, 2025 | 9:40 p.m.
Buyer gets big bargain on retail component of former New York Times headquarters
The retail component of the former New York Times headquarters in Manhattan has sold for $28 million, a small fraction of the price that Kushner Cos. paid for it a decade ago before the site's foreclosure.
August 22, 2025 | 8:20 p.m.
Sales volume in Dallas-Fort Worth thaws through mid-2025
Annual sales volume in Dallas-Fort Worth continues to shift higher through the midpoint of 2025; in the 12 months ending the second quarter, total sales in the region totaled $38 billion, up 51% year over year. Sales volume has shifted higher across property classes, confirming the market is moving beyond the recent trough reported in early 2024.
August 22, 2025 | 7:34 p.m.
Buying a bite of the Apple: Bronx investment sales move toward recovery
Total sales volume across the four major commercial property types topped $330 million in the Bronx, New York, in the second quarter of 2025, the highest quarterly total since the second quarter of 2022.
August 22, 2025 | 5:03 p.m.
Local salon franchise leases former CVS location in Detroit
The Hair Depot, a local salon franchise with locations in Centreville and Prescott, Michigan, signed a long-term lease to occupy a former CVS Pharmacy location in Detroit.
August 22, 2025 | 5:01 p.m.
Brookfield lines up $300 million refinancing loan for trophy Utah mall
Brookfield Property REIT has lined up a $300 million refinance loan for Fashion Place, the company's trophy mall outside Salt Lake City, betting that strong tenant sales and suburban demographics will sustain premium rents through 2030.
August 22, 2025 | 2:43 p.m.
Western apparel retailer Boot Barn to open new store in Greater Nashville, Tennessee
Western apparel retailer Boot Barn, a national chain that has more than 400 stores, plans to open a new location in Greater Nashville, Tennessee.
August 21, 2025 | 9:53 p.m.
Chicago’s Foundry Park project could include nearly 3,300 residences
The developers taking over the northern part of the stalled Lincoln Yards megadevelopment on Chicago’s North Side are seeking city approval to build nearly 3,300 residences and more than 1 million square feet of office, retail and hotel space on about 28 acres of vacant riverfront land.
August 21, 2025 | 7:58 p.m.
Walmart posts gains despite tariff pressures; Appeals court rejects Trump civil penalty; Existing home sales rise
Walmart posts gains despite tariff pressures
August 21, 2025 | 5:42 p.m.
Larger format retail sees availability uptick in Puget Sound region
Seattle's retail market has been one of the country's tightest, with an availability rate in the low single digits over the past decade. However, the market is showing signs of softening. While overall availability remains historically low, larger-sized retail spaces are experiencing a notable rise in available space.
August 21, 2025 | 4:58 p.m.
Macerich hires CBRE to help fill downtown Philadelphia mall
Retail landlord Macerich has retained CBRE to assist it in leasing at its Fashion District mall in Philadelphia’s City Center neighborhood.
August 21, 2025 | 3:34 p.m.
Franklin Street hires Navy veteran to lead Miami office
Franklin Street, a commercial real estate services firm that’s been aggressively expanding nationally, has tapped Rafael Romero to serve as the group’s managing director for its Miami office.
August 20, 2025 | 11:30 p.m.
Bed Bath & Beyond to skip California as it stages brick-and-mortar comeback
Bed Bath & Beyond, the American home goods chain where shoppers could walk in looking to buy a towel and walk out with a new avocado slicer, a dust buster and a fluffy toilet seat cover, is planning a brick-and-mortar comeback after its bankruptcy filing two years ago.
August 20, 2025 | 10:14 p.m.
Home Depot cites tariffs in planned price hikes; Target names new CEO amid sales slump; Guess retail chain to go private
Home Depot cites tariffs in planned price hikes
August 20, 2025 | 9:41 p.m.
Lowe’s targets building professionals with $8.8 billion acquisition
Home improvement chain Lowe’s Cos. is making an $8.8 billion acquisition that intensifies its competition with Home Depot to attract professional builders as customers.
August 20, 2025 | 9:31 p.m.
Amazon bets big on groceries in US logistics expansion
In what one analyst called “the shot heard 'round the warehouse,' ” Amazon announced the rollout of same-day grocery delivery in over 1,000 cities, with plans to more than double that number to 2,300 by the end of the year.
August 20, 2025 | 7:34 p.m.
CoStar World News for Aug. 21
August 20, 2025 | 5:54 p.m.
Claire’s finds buyer for almost 1,000 stores, avoids liquidation
Tween retailer Claire’s has lined up a buyer for up to nearly 1,000 of its stores, keeping the mall staple alive under the new ownership and avoiding liquidation of the chain.
August 20, 2025 | 2:29 p.m.
Buying a bite of the Apple: Queens investment sales volume fails to improve year over year
A capital markets recovery taking shape in some other New York City boroughs has not yet found root in Queens. Total sales volume across the four major property types reached nearly $500 million in the second quarter, still down 34% year over year and more than 20% below the five-year quarterly average. Comparing the first half of the year against 2024, the change was better but not indicative of recovery: Investment sales volume surpassed $1 billion through the first two quarters, down 12% from the same period last year.

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