National Weekend Edition
UK tax break expiration could hurt struggling retailers
A popular tax break is expiring in the United Kingdom in January, threatening the country’s status as a shopping...
Retail Real Estate
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National Weekend Edition
Turkish mall valued at $1B in deal with Qatar
Turkish investment giant Dogus Holdings AS has agreed to sell a 30 percent stake in a high-end Istanbul shopping...
Target planning yet another NYC store in Chelsea
Target is opening yet another location in New York City. The big-box retailer has signed a lease at 258...
Danny Meyer’s Union Square Hospitality halts indoor, outdoor dining
As Covid-19 infection rates spike throughout New York City, city and state officials have closed schools and threatened to...
National Insights
These are the biggest malls landlords ready to hand over to CMBS lenders
As shopping centers across the country continue to struggle with a new surge in infections and lockdowns, the expiry...
National
Retailers now owe $52B in back rent
Brick-and-mortar stores were struggling before the pandemic. But now, the retail sector owes $52 billion in back rent. An analysis of data from CoStar found that retailers nationwide had missed two to four months’...
National
Macy’s experiments with “dark stores”
As Macy’s grapples with a net loss of $91 million in the third quarter, the brand is reimagining what the future of its business may look like. One possible answer: fulfillment centers. As two...
Macerich’s Queens Center Mall emerges from special servicing
Macerich’s Queens Center Mall is out of special servicing. The $600 million loan returned to its master servicer Nov....
NYC requires new safety measures for outdoor dining
As New York heads into the winter months, the city is placing more restrictions on outdoor dining and pop-up...
Ralph Lauren to sublease Fifth Ave. location for a fraction of the cost
Ralph Lauren is subleasing its Fifth Avenue location for just a fraction of the price. Mango, the Spanish fast-fashion...