commercial real estate

U.S. shopping mall owner Washington Prime Group is preparing to potentially file for Chapter 11 bankruptcy protection, Bloomberg reported Thursday.

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.

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.

In October Dropbox said all employees would mainly work remotely instead of in offices. That’s coming at a cost.

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, restaurants and other business owners want to be where the people are. And people are moving to South Florida in droves.

Spotify is the latest tech company to shift to a flexible work model following the Covid-19 pandemic.

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.

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 has closed the only two stores it had left open for business.

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.

Converting vacant retail space into rapid testing sites could help people feel comfortable going back to restaurants, real estate executive William Rudin said.

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 in the process of liquidating dozens of stores, as part of its previously announced plans to close roughly 200 locations by 2022.

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.

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 current again on its $1.4 billion mortgage, after missing months of payments during the Covid crisis with stores shut down.

“It’s really going to reduce the real estate footprint that companies have,” Snowflake CEO Frank Slootman told CNBC.

China’s commercial property developers are turning to new clients to fill spaces, many left vacant as the coronavirus pandemic hit businesses.

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%.