Vienna-based Waterdrop brought in $100 million in sales since launching in 2017, and it’s now looking to the U.S. as its country to expand to. Waterdrop currently sells in 10 European markets, including the U.K., Germany and France, and operates 18 of its own stores....
As a result of the ongoing COVID-19 pandemic, digital transformation is accelerating at unprecedented speeds across the global retail industry, requiring retailers to build adaptable, composable business models to scale in disruptive environments. The crisis has also...
More contractors are facing a shortage of building materials as the pandemic continues, according to fourth quarter data from the United States Chamber of Commerce Commercial Construction Index (Index). In Q4 2020, 41% of contractors said less...
Due to the large-scale, complex nature of most construction projects, supplier failure is an inevitability. During the COVID-19 pandemic, we’ve seen new and more critical examples of supplier failure and, more than ever, we understand the need to be prepared for the...
As state agencies wait on a possible infrastructure bill from the Biden administration, many are better prepared than they were a decade ago to manage hundreds of billions of dollars in new work. The Federal Highway Administration incentivized state DOTs to...
Before the pandemic began, the second location of The June Motel, a 24-room boutique hotel in Sauble Beach, Ontario, was set to open late last spring. To be fully ramped up for Lake Huron’s 2020 beach season was the goal. Construction stopped in mid-April, however,...
The retail market is under siege. There’s no surprise there. But to quote an investment truth—especially among more savvy net lease players—crisis also brings opportunity. Such is the case with the beleaguered retail market. You just need to know where the rocks in...
The extent of the pandemic’s effects on retail spaces may not be fully realized for months or years, but we are certainly in the midst of new beginnings for the retail experience. More than ever before, retailers must now consider their clients’ emotions, physical...
In recent years, innovations in energy efficiency technology has opened many new avenues to reduce electric consumption in buildings. But it is hard for building owners to keep up with these developments, analyze which options are most cost effective, and decide how...
Coin laundries have long been one of the few recession-proof businesses. After all, we all need to do laundry. There's debate as to whether the recession-proof nature applies even during a pandemic. But it's not deterring some from opening new laundromats, at a time...
A Swiss sneaker brand that counts Roger Federer among its investors is opening its first store ever on Wednesday in lower Manhattan. On, whose running shoes sell for about $150 to $200 a pair, has made its shoes available in Nordstrom, REI, JackRabbit and other...
Bed Bath & Beyond Inc. BBBY, -1.14% announced Monday that it has entered into a definitive agreement to sell Cost Plus World Market for an undisclosed amount to Los Angeles-based private-equity firm Kingswood Capital Management. The deal includes 243...
The last 280 days of the coronavirus pandemic have been unprecedented, unimaginable and tragic in countless ways. From an economic perspective, where we work, where we eat, where we shop — where we do anything — is still mostly in flux. It’s anyone’s guess what will...
The pandemic has permanently changed the way commercial buildings look and function—and the change went beyond their edges and layouts. Landlords, developers, architects and property managers are now observing and analyzing the way office users engage with the...
Apartment dealmakers may find an opportunity to build new apartments around the shells of under-performing or empty regional malls. Hundreds of troubled shopping malls may be seized by lenders over the next year, experts say. “In the current market with the pandemic,...
The “15-minute city” concept, sprung from academia, is gaining influence in many cities. The model aims to create neighborhoods in which almost all residents’ needs can be met within 15 minutes of their homes on foot, by bike, or on public transit. Under this vision,...
In commercial real estate, the impact of the coronavirus pandemic and related shutdowns has led to profound and seismic shifts. To some extent, those shifts reflect an acceleration of trends that were already underway. One of the most noteworthy of those is the...
Amazon has closed on a warehouse lease at Thor Equities’ industrial development in Red Hook, Commercial Observer has learned. The e-commerce giant signed a 20-year lease for 311,796 square feet at 280 Richards Street, an industrial development on the Brooklyn...
Chick-fil-A has introduced a modular building program that will reimagine the way the brand rebuilds and remodels its existing restaurants. By building portions of restaurants offsite and then shipping them to the construction site, Chick-fil-A will be able to reduce...
New York (CNN Business) Burger King, Popeyes, and Tim Hortons are getting new drive-thrus to boost sales in the coronavirus age. Restaurant Brands International, which owns the three brands, said Tuesday that it is planning to modernize and speed up the drive-thru...
(Bloomberg)—Hotel companies are going to new lengths to get guests through the doors in a bid to salvage a historically bad year for the industry. More than 2,000 hotels in the Marriott International Inc. system will begin allowing guests to check in at 6 a.m. and...
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