The Latest

Restaurants and bars accounted for a majority of the gains in February (iStock)
National

Leisure, hospitality big winners in February job gains

Leisure and hospitality may finally be on the road to recovery. The industry added 355,000 jobs in February, as...

Leisure, hospitality big winners in February job gains
The company currently operates 761 stores, and intends to open 100 new stores this fiscal year. (iStock)
National

Retailer Burlington plans to double store count

One discount retailer says it plans to open twice as many stores, due to industry disruption and a change...

Retailer Burlington plans to double store count
Ascena owns Ann Taylor, Lane Bryant, Lou & Grey and Cacique. (Getty)
National

Ascena restructuring approved post-bankruptcy

A bankruptcy court has approved Ascena Retail Group’s Chapter 11 plans. Under the plans, Ascena — which owns Ann...

Ascena restructuring approved post-bankruptcy
Apollo Global Management will take over craft retailer Michaels in a deal that values the company at $3.3 billion. (Wikipedia Commons, iStock)
National

Craft retailer Michaels to go private in $5B deal

Retailer Michaels has something new on the craft table: a takeover deal from Apollo Global Management. Amid a DIY...

Craft retailer Michaels to go private in $5B deal
 JLL CEO of capital markets Richard Bloxam and Roofstock CEO Gary Beasley (JLL, Roofstock, iStock)
National

JLL gets in rental home business

JLL is entering the single-family rental game. The commercial real estate giant is set to become a minority investor in Roofstock, an online rental housing investment platform, the Wall Street Journal reported. Roofstock will...

JLL gets in rental home business
Mack-Cali Realty CEO Mahbod Nia and MaryAnne Gilmartin (Photos via Mack-Cali Realty)
Tri-State

Mack-Cali Realty names Mahbod Nia as CEO

More than six months after a shake-up of its C-suite, Mack-Cali has named a new CEO. Mahbod Nia, a former head of NorthStar Realty Europe, will take the reins at the New Jersey-based based...

Mack-Cali Realty names Mahbod Nia as CEO
(iStock/Illustration by Alexis Manrodt for The Real Deal)
National

Order up: Real estate investors line up to buy drive-throughs

Real estate investors are placing their bets on a new property type: drive-throughs. Restaurants with drive-through lanes are seeing...

Order up: Real estate investors line up to buy drive-throughs
(Getty)
National

Hotel stocks went bonkers in February

Hotel investors can rest a little easier at night. Robust gains in February put share prices of publicly traded hotel companies back up to pre-Covid levels, a year after the pandemic sent valuations into...

Hotel stocks went bonkers in February
Homebuilding is largely responsible for the increase in construction spending. (Getty / Photo Illustration for The Real Deal)
National

Construction spending hits new record in January

U.S. construction spending reached the highest level on record last month as both local and federal governments began loosening...

Construction spending hits new record in January
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