-
Mall Owner Washington Prime Reportedly Preparing to File for Bankruptcy Protection
U.S. shopping mall owner Washington Prime Group is preparing to potentially file for Chapter 11 bankruptcy protection, Bloomberg reported Thursday.
-
As Store Owners Sign More Short-Term Leases, Landlords Are Taking a Risky Bet on the Future of Retail
Leases on about 1.5 billion square feet of retail space in the U.S. are set to expire this year, according to CoStar Group, or about 14% of the retail market.
-
Britain's Top Warehouse Specialist Posts 62% Profit Surge as Firms Scramble for Space
Segro, a U.K.-listed firm specializing in urban and big box warehouses across Europe, reported Friday a 62% increase in profit before tax between 2019 and 2020.
-
Dropbox Slips to a Loss After Taking $400 Million Real Estate Hit Due to Remote Work
In October Dropbox said all employees would mainly work remotely instead of in offices. That’s coming at a cost.
-
‘Hard Landing' for Dubai Property Means It's Now a Buyer's Market, Says UAE Developer Damac
Dubai’s real estate market has made a “hard landing” but lower prices may be a good time for investors looking to buy, said Hussain Sajwani, Damac chairman.
-
Retailers Trade Fifth Ave. for Worth Ave. as Palm Beach Scene Thrives With Americans Heading South
Retailers, restaurants and other business owners want to be where the people are. And people are moving to South Florida in droves.
-
Spotify Will Let Employees Work From Anywhere After the Pandemic
Spotify is the latest tech company to shift to a flexible work model following the Covid-19 pandemic.
-
CEO of America's Biggest Mall Owner Says Some Retailers Are Excited for Growth Opportunities in 2021
Simon Property Group, the biggest U.S. mall owner, is expecting this year to be better than last, as some retailers start to think about opening new stores.
-
Amazon Unveils Design for ‘Helix' Office Building at HQ2 — Here's What It Will Look Like
The standout feature of the design proposal for HQ2 includes “The Helix,” a unique tower that will serve as an alternative workspace for Amazon employees.
-
Toys R Us' Last Two Stores in the U.S. Are Closed for Good
Toys R Us has closed the only two stores it had left open for business.
-
Surprise! This Chart Shows Holiday Shoppers Did Rush to Malls in Final Weeks of 2020
A data analysis released this week by Placer.ai shows how shopper visits to malls have ebbed and flowed with the nature of the Covid pandemic.
-
New York City May Turn Vacant Retail Space Into Covid Testing Sites, Says Real Estate Mogul
Converting vacant retail space into rapid testing sites could help people feel comfortable going back to restaurants, real estate executive William Rudin said.
-
Retail Rents Tumble to Historic Lows in New York City Amid Bankruptcies and Store Vacancies
Rents for retail space in New York City have skid to historic lows, dropping as much as 25% from 2019 levels, according to a new report.
-
Bed Bath & Beyond Is Closing More Than 40 Stores This Year. Here's a Map of Where They Are
Bed Bath & Beyond is in the process of liquidating dozens of stores, as part of its previously announced plans to close roughly 200 locations by 2022.
-
Macy's Is Shuttering 45 More Locations This Year, as Part of Its 3-Year Store Closure Plan
Macy’s has notified the employees at about 45 of its department stores that they will close by the middle of this year, CNBC has learned.
-
Macy's Is Closing Dozens of Stores This Year. Here's the Full List
The closures are part of a previously announced plan by Macy’s to shut 125 locations by 2023. Last year, it closed about 30 stores.
-
Mall of America Is No Longer Delinquent on $1.4 Billion Mortgage
Mall of America is current again on its $1.4 billion mortgage, after missing months of payments during the Covid crisis with stores shut down.
-
Snowflake CEO Says Covid Has Shown Old Approach to Working at the Office Is ‘Nonsense'
“It’s really going to reduce the real estate footprint that companies have,” Snowflake CEO Frank Slootman told CNBC.
-
China's Electric Carmakers Are Paying Top Dollar to Snap Up Prime Storefronts
China’s commercial property developers are turning to new clients to fill spaces, many left vacant as the coronavirus pandemic hit businesses.
-
Shoppers Head to Malls in Final Runup to Christmas. But Covid Hot Spots Threaten Last-Minute Boost
Traffic to stores on the final Saturday before Christmas dropped 40.9% from 2019. That wasn’t as steep of a decline as Black Friday, when traffic fell 48%.