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Brokerage Firms Turn a Corner; Gottschalks Resurrected (Friday's News & Notes)

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This might be a temporary lull, but conditions in the retail real estate industry really do seem to be improving. Some retailers, like department store chain Gottschalks, are rising from the dead, while others, like children's apparel seller Carter's, are expanding. The nation's restaurant chains are hiring again, a sign of potential future growth. And commercial real estate brokerage firms are starting to show profits, after posting losses for much of 2009. For this and other stories about retail and retail real estate follow the links below:

  • The Journal Gazette reports that Gottschalks will open its first post-liquidation store in November, in Clovis, Calif.
  • Atlanta Business News reports that children's apparel chain Carter's plans to open 100 stores over the next two years.
  • Sears has signed a deal with a specialty golf retailer to open 12 stores-within-a-store at Sears locations, according to our sister publication Multichannel Merchant.
  • A story in the Nation's Restaurant News notes that restaurant chains plan to up hiring in the second quarter.
  • Two of the country's biggest brokerage firms, CB Richard Ellis and Jones Lang LaSalle, reported profits in the first quarter of 2010, according to our sister publication NREI.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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