Mall owners who have lost big department store tenants like Mervyns and Macy's are finding a new savior: Costco Wholesale Corp. Issaquah, Wash.-based Costco, which operates 396 warehouse clubs in the U.S., has opened nine clubs at the former...
Most of the media's attention in recent weeks has focused on retailers announcing bankruptcies, closings or slowing expansion plans. But not everyone is cutting back. Dick's Sporting Goods, for example, plans to add more stores even while...
The Wall Street Journal had reported of late of the problems facing commercial real estate looking largely at the CMBX index, which has signaled huge defaults coming. Goldman Sachs also put a report out predicting just under $200 billion in...
Far from its old "stack 'em high, watch 'em fly" approach, struggling electronics retailer Circuit City Stores Inc. hopes its smaller concept stores, widespread cost-cutting and new support services will spark a turnaround despite increasing...
Talk out of Australia is that Westfield Group is in talks to acquire fellow Australian firm Liberty International and, in the process, become the largest owner of shopping centers in the world. ...
The Mall of America is renewing its quest for public financing to pay for part of the $2 billion cost of an expansion that would more than double the size of the Bloomington mall. It's the third time the mall has made a pitch to the Legislature...
