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Retail

Chain Store Closures: 3,681 and Counting 

As the summer winds down, store closures are piling up. Through mid-July of this year, chain store closures tallied 3,681 compared with 4,603 for all...

Challenging Months Ahead for Shopping Center Owners 

As the number of retail store closings continues to rise, landlords in the retail sector should brace for falling rents and declining occupancy. ...

Job Losses Lead to Rising Vacancies in U.S. Property Sectors 

Suzanne Mulvee, a senior real estate economist with Boston-based Property and Portfolio Research, believes the loss of 51,000 non-farm payroll jobs in July and 463,000 since the start of the year doesn’t bode well for U.S. commercial real estate. ...

Chain Store Sales Increase, ICSC Reports 

Chain store sales rose by 2.6% in July over the same period in 2007, according to the International Council of Shopping Centers — a bit of good news amid a plethora of gloomy reports on the weakening U.S. economy....

Starbucks Takes Its Lumps 

Howard Schultz has had better summers. First he lost a protracted battle with the new owners of the Seattle SuperSonics...

Walgreen Co. Buys Eight-Store Portfolio for $34.78 Million 

Walgreen Co. has exercised its first right of refusal to buy back eight Walgreens properties in six states from a North Miami Beach investor. Marcus & Millichap Real Estate Investment Services arranged the $34.78 million sale....

Protests in China Give Retailers Fits 

In spite of the major Olympic-related protests outside French retailer Carrefour's hypermarkets this April, China retail experts say they don't expect...

A Bifurcated Retail Property Sales Market Emerges 

LAS VEGAS — The velocity of U.S. retail property sales across the industry plunged 40% in the first quarter of 2008 on a year-over-year basis, according to brokerage firm Marcus & Millichap, reflecting a major pricing gap between buyers and sellers....

The Plant Sprouts Concept Store in Final Anchor Space 

A retail power center developed on the site of a former General Electric motor manufacturing plant in San Jose, Calif., has completed leasing of its 10 anchor store spaces....

Retail Landlords Get Their Green Act Together 

Retail landlords historically haven't paid much attention to green building, largely because energy costs at most shopping centers are paid directly by...

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