There usually are no second acts in real estate. If you develop a property and it does not pan out like you thought, usually another firm gets a chance to clean up the mess. That’s what makes the case of the 305,303 sq. ft. Woodbury Lakes open-air lifestyle center in Woodbury, Minn., a bit […]
The partners at Sweetgreen wanted to come up with a new concept for fast food when they started their business right out of college. Image: Courtesy of Sweetgreen It’s all very hip, very green, and very targeted to what you might call the “Whole Foods” demographic. A fast-food chain founded by a trio of twentysomethings, […]
When Thomas Koch, mayor of Quincy, announced in 2009 a $1.2 billion plan to renovate downtown Quincy, he and the project’s master developer, New York-based Street-Works LLC, promised a dynamic master plan with an aggressive implementation schedule. Following through on their pledge, the City of Quincy and the Street-Works team formalized the master agreement referred […]
Federal Realty Investment Trust (NYSE:FRT) expanded its South Florida retail portfolio thropugh the acqquisition of Tower Shops, a 372,000-square-foot community retail center on 67 acres in Davie, FL for $66.1 million. Turnberry Assocviates previously owned the center. According to the buyer, the property has significant opportunity for redevelopment and expansion with an anchor tenant line-up […]
Despite Federal Reserve chairman Ben Bernanke’s expectations of only moderate economic growth this year, Americans are less worried about losing their jobs and more willing to spend money. This change in attitude is reflected in the numbers. The Commerce Department reported that retail sales were up in December, the sixth month in a row, making […]
Press Release Source: Yum! Brands, Inc. On Tuesday January 18, 2011, 10:35 am EST LOUISVILLE, Ky.–(BUSINESS WIRE)– Yum! Brands, Inc. (NYSE:YUM – News) today announced its plans to place its Long John Silver’s and A&W All-American Food Restaurants for sale, and has begun a process to identify a buyer. The Company is sharpening its long-term […]
More than 7 million sq. ft. of retail projects slated for completion in 2010 were delayed or cancelled. This pullback in construction led to only 4.1 million sq. ft. of retail space coming on line, the lowest figure for annual deliveries in the 30-year history of Reis. The recovery prospects for the retail sector will […]
Timberland Co., a New Hampshire company specializing in boots, footwear, and rugged apparel, said it plans to open a new store on Boston’s Newbury Street that will showcase its brand. Construction for the new store on the corner of Newbury and Exeter streets has begun, and the plan is for the store to open in […]
The second building — at 6,760 square feet — would potentially be the new police station. Rainville said the plan for the police station hasn’t been set in stone, but rather is proposed as a professional building. “It’s actually going to be office space,” he said. “It’s not directly for a police station. The town […]
Recovery was the rallying cry for the retail industry in 2010. After two years of very weak sales as consumers reined in spending during the Great Recession, retail purchases rose for the fifth straight month in November. “It was the return of the retail industry,” said Michael Niemira, chief economist for the International Council of […]
