Swire Properties Inc. broke ground on Brickell CitiCentre, a $1.05 billion mixed-use development in Miami. When completed, the project will contain 5.4 million sq. ft., including a shopping center, two residential towers, a hotel, a wellness...
Nordstrom Inc. finalized an agreement with Extell Development Co. to open its first full-line store in New York City, at 225 West 57th Street in Manhattan. The seven-story, 285,000-sq.-ft. department store will sit at the base of a to-be-built...
Word on the street is Best Buy’s founder Richard Schulze would like to find a buyer willing to help turn around the struggling chain. But retail industry insiders question whether anyone would want to invest billions of dollars in the electronics...
Simon Property Group Inc. will host a franchise fair for prospective owners and franchise representatives on Aug. 18 at its Lincolnwood Town Center in Lincolnwood, Ill...
ICSC has added several of the most prominent, tenured and respected, global executives have to the upcoming ICSC 2012 Retail Real Estate World Summit in Shanghai, September 11-14, 2012...
Simon Property Group Inc. and Woodmont Outlets will start construction on St. Louis Premium Outlets in Chesterfield, Mo. on July 11. Phase I of the project will feature 350,000 sq. ft. of space and 85 stores. It is scheduled to open in the fall of...
In what seems emblematic of these times, one of U.S.’ most iconic apparel brands—Gap Inc.—has recently announced plans to concentrate its growth on international markets...
The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, approved up to $100 million in financing for an investment fund that will produce quality commercial real estate...
Despite the belt-tightening occurring across the globe, there is an abundance of capital looking for a home in commercial real estate. Buyers are increasingly looking outside of their own borders to clinch deals in a competitive market...
