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Tag: Estate

Macy’s reportedly looks to use real estate for cash

A do not walk sign stands in front of a closed Macy’s Inc. store in Arlington, Virginia, U.S., on Tuesday, March 31, 2020. Andrew Harrer | Bloomberg | Getty Images Macy’s is looking for ways to use its real estate during the coronavirus pandemic to come up with cash, according to a Bloomberg report.  The department …

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The New York retail real estate market is reeling

A woman wearing face mask walks by a closed store at Times Square on April 12, 2020 in New York City. Liao Pan | China News Service | Getty Images The coronavirus pandemic is pummeling the retail real estate market in New York City, with rents tumbling and not expected to turn around anytime soon, …

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Bhumika Enterprises to launch new retail real estate projects in NCR and Jaipur

Logistics firm Bhumika Enterprises, which has been foraying into retail real estate in Rajasthan, is on a major expansion spree. After Udaipur and Alwar, the group is planning several similar projects in other major cities of Rajasthan as well as other cities adjoining Delhi- NCR. Committed to their theme of ‘After Here Nowhere’, the brand …

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Retail real estate veteran to take reins of WeWork

WeWork, the embattled co-working office space company, has ended its search for a new CEO by naming a seasoned retail real estate executive to the post.   WeWork named Sandeep Mathrani as CEO and a member of the board, effective Feb. 18. Most recently, he served as CEO of Brookfield Properties’ retail group. Prior to …

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Eight new brands join Covent Garden estate

Three new brands will open flagship concepts in Covent Garden’s Floral Street, including Dominique Ansel Treehouse, American Vintage and a new flagship Jigsaw concept. The Dominique Ansel Treehouse opens February 7th, set within a stunning two-storey space. This new first to London restaurant from Chef Dominique Ansel, named World’s Best Pastry Chef by the World’s Best 50 Awards, will …

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New York & Company parent to ‘rationalize’ real estate; gets NYSE listing notice

RTW Retailwinds, whose portfolio includes the New York & Company and Fashion to Figure businesses, is taking action after a disappointing holiday season. Based upon holiday results, the company expects comparable store sales for the fourth quarter to be down 8% to 10%. The operating loss for the fourth quarter is now expected to reflect …

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Bed Bath & Beyond shares jump on real estate deal for $250 million

Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Bed Bath & Beyond shares jumped nearly 3% Monday morning after the retailer said it had completed a sale-leaseback transaction with an affiliate of Oak Street Real Estate Capital, netting it $250 million in proceeds. The embattled …

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Four trends that will dominate retail real estate in 2020

By James Savard – 01/02/2020 Get great content like this right in your inbox. Subscribe The face of retail continues to evolve and retailers have a tremendous opportunity to enhance customer connections and stand out in an increasingly competitive landscape. Here are my top four predictions for retail in 2020. Traditional mall formats will evolve …

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Single Estate Coffee Bar opens in Den Haag

A new coffee bar has opened in an authentic corner building for coffee roaster Single Estate. The bar, designed as a long chef’s table made from black terrazzo, stimulates maximal interaction between barista and guest. Designed by Ninetynine, the sleek design of the new interior combined with the authentic details of the existing building refer …

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