In a former historic Ames & Brownley department store in downtown Norfolk, Virginia, a local company is sewing together a tapestry of complementary tenants -- creative companies, tech startups and freelancers -- in one building ecosystem. The 50,000-square-foot multi-tenant office campus, … [Read more...] about 4.10.22: CENTURY-OLD DEPARTMENT STORE CONVERTED INTO CREATIVE OFFICE HUB
12.14.21: ANNOUNCED STORE CLOSINGS IN 2021 APPROACH AN ALL-TIME LOW
Despite rising cases of breakthrough coronavirus infections and the resulting uncertainty over the efficacy of current vaccines against variants, the retail property market shows impressive signs of recovery at yearend. Retail sales have moved well above pre-pandemic levels for months, retailer … [Read more...] about 12.14.21: ANNOUNCED STORE CLOSINGS IN 2021 APPROACH AN ALL-TIME LOW
3.15.21: RETAIL STORE OPENINGS ARE PROJECTED TO OUTNUMBER CLOSINGS IN 2021
In the debate about the long-term viability of brick-and-mortar retail, it appears that those who wrote off physical stores based on 2020’s pandemic-driven wave of bankruptcies and store closings may have spoken too soon. Citing data from Coresight Research, CNBC reported that planned store openings … [Read more...] about 3.15.21: RETAIL STORE OPENINGS ARE PROJECTED TO OUTNUMBER CLOSINGS IN 2021
1.3.20: MACY’S “Growth50” STORE UPGRADES FAVOR CLASS A MALLS
A few years ago, Macy's announced an investment in 50 key stores across the United States called "Growth50." The program envisioned a $200-million commitment to upgrade 50 key U.S. stores in order to create a more vibrant customer shopping experience. Among other things, the Growth50 stores … [Read more...] about 1.3.20: MACY’S “Growth50” STORE UPGRADES FAVOR CLASS A MALLS