The total inventory of retail space in Eastern Massachusetts remained relatively flat between 2018 and 2019 with only a modest decrease of 0.2 percent (resulting from demolitions and re-purposing of space) to 195,979,300sf, according to the 2019 KeyPoint Report for … Continue reading →
Los Angeles-based Forever 21 Inc. has retained investment bank Lazard Ltd. and law firm Kirkland & Ellis for restructuring advice, according to Bloomberg. The fast fashion retailer, which opened its first store in 1984, has more than 800 locations worldwide. … Continue reading →
San Francisco-based Rothy’s will open a store in DC. The women’s shoe brand, which makes its products out of used materials such as recycled water bottles, brought in over $140 million in sales last year, according to CNBC. The Georgetown … Continue reading →
FedEx will offer drop-off and pickup services at thousands of Dollar General stores, according to a Dollar General press release. The strategic alliance is intended to leverage Dollar General’s unique rural store footprint resulting in more than 90 percent of … Continue reading →
So far in 2019, 5,994 stores have closed in the U.S., compared to 5,864 store closings in all of 2018, according to The Real It is the result of Foci increase to http://www.midwayfire.com/wp-content/uploads/2014/04/Approved-minutes-1-14-14.doc cialis cheap generic stretch renal capsule or … Continue reading →
Downtown Miami has one of the highest retail vacancy rates in Miami-Dade County, according to Law.com. About 21.5 percent (more than 3 million square feet) was vacant in Q4-2018 and the average direct asking rent was $59.43/sf NNN, according to … Continue reading →
The 768,000sf mixed-use development at 655 New York NW incorporates 19 historic buildings and covers most of the triangle-shaped bock in DC’s Mount Vernon Square neighborhood. A joint venture between Douglas Development and Brookfield Properties, the project is expected to … Continue reading →
Blue Stripes Cacao Shop, an Oded Brenner concept which opened last June at 28 East 13th Street in Manhattan’s Union Square, intends to expand to DC, according to Eater DC. With an intended footprint of between 1,500sf and 2,000sf, the … Continue reading →
Victoria’s Secret annual same-store sales have fallen three years in a row and the stock value of its parent company L Brands decreased by 55 percent in 2018, according to CNBC. Victoria’s Secret makes up about 52 percent of L … Continue reading →
Market launch capital expenditures for a delivery-only auto sale e-commerce program costs $500,000 while the cost for a vending-machine launch averages $5 million. Carvana’s decision to use vending machines is motivated in part by an effort to attract millennials and … Continue reading →