On December 6, Vornado Realty Trust closed on 114,000sf of retail space at Manhattan’s 666 Fifth Avenue, paying $708 million. The space is leased to Uniqlo, Hollister and Swatch. Spanish retail company Inditex (Zara) owns the remaining 38,750sf of retail … Continue reading →
In 2011, hotel retail revenue averaged a meager $497 per available room (1.1% of total revenue) according to USA Today (quoting PKF Consulting). In an effort to increase revenue and stay competitive, upscale hotels are creating more functional and multi-purpose … Continue reading →
Omnichannel retail is the practice of providing a consistent and seamless shopping experience to customers through all available channels, including bricks-and-mortar, catalogue, and online shopping. Sucharita Mulpuru of Forrester Research predicts that by the end of this year, cross-channel sales … Continue reading →
The top three Eastern European cities for new retail space construction are Moscow (11.14msf), Kyiv (3.81msf) and Sofia (2.23msf), according to a Q3 2012 report by Colliers International. The cities included Open up communication Erectile Dysfunction cialis rx condition can … Continue reading →
Whole Foods Market has a new strategy: Instead of the 50K to 70K sf stores it was building five years ago, the natural and organic foods retailer is opening stores around 38K sf in size, according to Seeking Alpha. The … Continue reading →
Between 2007 and 2011, total retail space in Hong Kong increased by 3.9 percent (6.2 million square feet) while total retail sales in that city grew by an annual average of 13.1 percent, according to South China Morning Post (quoting … Continue reading →
Discount retailer 99 Cents Only Stores plans to open a location on Rodeo Drive in Beverly Hills, according to The Huffington Post. Company president Jeff It contains viagra sans prescription vitamin B5, B6, and D, all of which work together … Continue reading →
Within a few years, new accounting standards – agreed upon by FASB and IASB and aimed at increasing transparency – may require landlords and tenants to include operating leases on their balance sheets as either assets or liabilities – a … Continue reading →
The University of Chicago is working with the city and private developers to redevelop the 53rd Street retail district north of its Hyde Park campus, according to The New York Times. The $250 million Harper Court project (at the corner … Continue reading →
Bloomberg reports that retail properties in the Netherlands generated returns of 7.6 percent last year – the highest in the Dutch commercial real estate market. Dutch pension group APG Algemene NV – the third largest pension fund in the world … Continue reading →