Washington Prime Group files for Chapter 11 bankruptcy
In November, with mall owners getting crushed, Washington Prime Group CEO Lou Conforti said that bankruptcy was off the...
Retail
The Latest
Pandemic squeeze forces Abu Dhabi fund to reassess real estate exposure
Abu Dhabi’s sovereign wealth fund may be having second thoughts about its real estate investment strategy as the pandemic...
Sam Nazarian’s food venture expands to Saudi Arabia in $100M JV
Sam Nazarian’s food empire is expanding to Saudi Arabia through a joint venture, valued at $100 million, with global...
Ashkenazy’s D.C. Union Station loan in default after missing deferred payment
During the pre-coronavirus “retail apocalypse,” retail properties centered around transit hubs were seen as one of the few bright...
CRE investors hedge bets in suburbs despite hope for urban office revival
Commercial real estate investors have high hopes that major office markets will return to normal in the near future,...
Only 14% of restaurants closed permanently because of pandemic
The number of restaurant casualties resulting from the pandemic may be far less than expected. The National Restaurant Association...
New York
In CDC we trust: Mask guidance prompts changes
Aliza Bixon had insisted clients wear masks while exercising at her Miami Beach Pilates studio. Before vaccination, they had...
Weekend Edition
Hong Kong sells Causeway Bay site for $2.5B
The Hong Kong government auctioned a parcel of land in Causeway Bay this week for the first time since 1997, and it sold for much more than expected. Hysan Development Co. and Chinachem Group...
2021 is raining dollar stores
Cost-conscious consumers have gotten the attention of retailers. Nearly half of the 3,597 stores expected to open nationwide this year will be no-frills discount shops, according to a report from Coresight Research. Dollar General...
National chains paid 93% of rent in April
In April 2020, one month after pandemic-related lockdowns started in much of the U.S., national chains such as Ann Taylor, Bob’s Discount Furniture, Men’s Wearhouse and Tilly’s did not pay any of their rent....
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