Vornado Realty Trust was swirling in retail news in March. First, it partnered with two other firms to buy Toys ‘R’ Us. Then it acquired the 17,000-square-foot retail condominium portion of the former Westbury Hotel for $113 million. Vornado also...
Downtown Buffalo is desperate. The city, once among the largest and most economically powerful in the nation, has been in a 50-year decline. Part of the infamous Rust Belt, Buffalo's steel mills and grain elevators have lain dormant for years. It...
Historically, Hartford, Connecticut, has been known mainly for one thing: Insurance. Think St. Paul Travelers, Aetna and The Hartford. Now, through a massive public/private initiative, government officials and developers are trying to change that...
Simon Property Group is embracing the mixed-use format as a way to rework some of its existing retail properties and squeeze out more revenue as part of a new program, which the mall owner is calling "Version 5.0." The nation's largest mall owner...
This week the retail real estate business faces a new reality: The proposed $17 billion (including debt) Federated/May merger, following the $11.6 billion deal to combine Kmart and Sears, makes it clear that 40 years of conventional wisdom is...
St. Louis-based Build-a-Bear is growing at a rate of 30 stores a year when other toy stores are flailing. Why? Because it requires customer participation in designing and making each unique bear, says chair and founder, Maxine Clark. The fast...