Last winter, basketball fans at Oracle Arena, then-home to the Golden State Warriors, were introduced to the PlayStation game God of War. In an elaborate, multimedia promotion, animated content took over the arena’s massive, overhanging score board and ribbon...
The concept of wellness in hospitality is quickly evolving to encompass so much more than the average fitness center or traditional spa, and within the next decade, the new definition of wellness will become a central factor in the hotel sector, according to The...
East of downtown Ferndale, a cluster of businesses and parking lots could start to slowly morph into a multifaceted dining and shopping campus. Vester Square — a three-phase redevelopment project estimated to cost $20 million-$25 million— is making its way through...
REITs are taking advantage of a healthy rise in stock prices this year to issue new stock. According to a second quarter report from consulting firm PwC, REIT capital raising surged 86 percent in the first half of 2019 to $44.4 billion. Second quarter alone generated...
A significant shift is underway for the US restaurants and grocery industries and the real estate these operators occupy, according to a new CBRE analysis. These changes include a greater push for convenient, prepared foods, a growing millennial influence, and the...
Global hotel transaction volumes totaled nearly $68 billion in 2018. This year, global real estate markets are expected to post slower growth. Hotels will be affected as well, but those properties that focus on fulfilling guests’ needs for high-end experiential travel...
Detroit is finalizing plans to revamp seven business corridors across the city this spring as part of a $125 million campaign to breathe life into its neighborhoods. A request for proposals for the projects will be released later this month. Dozens of city blocks,...
ne of the more extravagant amenities ever built is scheduled to open in New York City this spring. Called Vessel, this 150-foot-tall steel structure, with a price tag of at least $150 million, consists of 154 interconnected staircases with nearly 2,500 steps and 80...
Moody’s is bullish on retail, upping both its operating income and sales growth forecasts. Moody’s Investor Services said Thursday that its outlook for the U.S. retail industry has turned positive for the first time since mid-2015. In a new report, Moody’s said...
Southlake Town Square is owned and operated by a subsidiary of Retail Properties of America Inc. It is a 1.4 million-square-foot regional shopping destinationserving more than 2 million shoppers within a 5-mile radius who have a median annual household income of...
Walk into a room bathed in cozy, inviting light and you’ll feel instantly at ease. Walk into the same room buzzing with harsh fluorescents, and your teeth may start to grind. Why? In 2014, a Journal of Consumer Psychology study found that the more intense the...
Some restaurants don’t need a review to get attention. You might know them for their longevity, their presence, or even just their advertisements. But most importantly, whether it’s their grand luminous logo, or the building’s prominent architecture and color palette,...
The Las Vegas market continues to recover, seeing both healthy job and population growth along with strong visitor numbers. While this growth has helped bolster development, particularly for the hospitality and multifamily sectors, the recovery in the retail market...
Walmart, the world's biggest retailer, is counting on a 6-year-old YouTube star to draw in gaggles of other pint-sized shoppers clamoring for bubble pets, T-shirts and capsules full of lime-green slime. On Monday, the store chain will debut Ryan's World, a toy and...
Abercrombie & Fitch’s newest partner is a lifestyle hospitality firm that develops, manages and operates cool boutique hotels, restaurants, and nightclubs. The retailer has entered into an exclusive partnership with SBE to launch co-branded events and pop-up shops...
Imagine a sports stadium that could expand and contract with its fan base and team’s fortunes, one that could pick up and move to greener (and more lucrative) pastures. Given team owners’ history of playing fans against each other, making stadiums more mobile isn’t...
The Beach at Campus Martius is set for a wave of change after the Downtown Detroit Partnership landed a $125,000 grant to revamp the summer destination. After four years of operations, the landlocked beach will get new furniture, toys, games and programming to reach...
Bar Louie wants to open in the downtown Royal Oak spot that Blackfinn Ameripub occupied until it closed suddenly in October. The Royal Oak Police Department recommended the City Commission approve a franchisee's proposal to transfer a liquor license to open a Bar...
Mickey Mouse is leaving the Upper West Side for Hudson Square. The Walt Disney Co. has struck a deal to acquire 4 Hudson Square, a full-block development site, from Trinity Church for $650M. Disney plans to demolish the buildings on the site — bounded by Hudson,...
New York bar owner Paul Devitt considered opening a drinking spot along the main drag of Detroit's Corktown neighborhood two years ago, but opted instead for downtown. After discussions on spaces in Corktown and in the city's core along Woodward Avenue, Devitt has...
In Texas, sports stadiums are king. From the Dallas Cowboys’ massive pro football mecca—complete with one of the world’s largest television screens—to the high school football fieldsthat put the homes of many pro sports teams to shame, few places have such a history...
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