Books + Folk, a collaboration between the Folk market in Detroit’s historic Corktown, the local coffee consultant and roastery Caffeehaus, and Assouline books, will host its grand opening today in the Somerset Collection South on the second floor near the skywalk....
The Ins & Outs of Open Store Remodels
Retail stores – both big box and inline – typically experience a constant ebb and flow of customers seeking the latest trends, gathering household essentials, or stocking up for the season ahead. As retailers look to renovate their stores, the thought of closing their...
Ikea Is Trying to Follow in the Footsteps of Sears Roebuck in Building its Own Mixed-Use Centers. What Are its Chances of Success?
Swedish retail giant Ikea, known for its inexpensive, modern, hard-to-assemble furniture, traditionally doesn’t target urban cores. Instead, it typically builds its warehouse-style stores, averaging 320,000 sq ft., in suburban areas. Now, the Ingka Centres shopping...
Apartment Developers Scout Adaptive Reuse Possibilities
It’s too soon for most developers to sign a contract to buy a failed hotel—but apartment developers are watching and waiting for prices to drop to buy other property types damaged by the economic crisis to redevelop into multifamily buildings. Even before the crisis,...
Traffic Is Returning Faster to Outlet Centers Than Malls; What Does that Mean for the Sector’s Future?
When states around the country essentially locked down to help curb the spread of COVID-19, outlet centers, like regional malls, were forced to temporarily shutter, which took its toll on the sector. “Outlets are one of the property types most impacted by COVID, with...
Curbside Pickup is Great for Everyone, but It’s a Headache for Malls
Curbside pickup has exploded in popularity over the past few months and retailers and mall operators are rushing to catch up. The service allows customers to place orders online with a store and then drive to the retailer’s location to pick up items at the curb or...
Manhattan’s Newest Skyscraper Is Opening Up to a Dead Midtown
SL Green Realty Corp. is opening its new $3.1 billion office skyscraper Monday, in a neighborhood that’s among Manhattan’s busiest -- but is now still unusually quiet. The first tenants at One Vanderbilt, across from Grand Central Terminal, will start moving in by...
Ghost Kitchens Grow As Eat-In Restaurants Close Their Doors
As restaurants across the United States close their doors in the wake of the coronavirus (COVID-19) pandemic, new delivery-only endeavors have an opportunity to gain market share. One segment of the restaurant industry that is thriving are ghost kitchens. These...
Companies Step Up Distribution Automation Under Pandemic Strains
A handful of warehouse robots helped American Eagle Outfitters Inc. cope with a flood of online orders during coronavirus lockdowns as consumers loaded digital shopping carts with hoodies, leggings and loungewear. Now the company is stepping up its use of automation....
‘The Big Short 2.0’: How Hedge Funds Profited Off the Pain of Malls
Catie McKee was nervous. It was last October, and the 31-year-old hedge fund analyst, who had been scrutinizing the mortgages on the nation’s malls, was convinced that some of those malls would default on their loans. She and her colleagues had even bet a substantial...
Self Storage Sector Shows Signs of Resilience
The pandemic’s substantial effects continued to burden the U.S. economy and all the facets of commercial real estate, yet the self storage sector proved to be resilient in July. Although on a year-over-year basis, street-rate rents declined 2.6 percent for the average...
Big-Box Retailers’ Profits Surge as Pandemic Marches On
Walmart and Target reported record sales in the second quarter, driven by the convenience of one-stop shopping and their e-commerce operations. In the early days of the pandemic, when grocery stores in the United States ran low on staples like toilet paper, people...
Reconstruction Could be COVID-19’s Silver Lining
The spread of the coronavirus has had a devastating impact on the U.S. and worldwide economies. But that spread also created health and wellness scenarios for the built environment that lend themselves to reconstruction and renovation, say AEC firms. “I anticipate an...
How Has Shopping Changed Over the Past 100 Years? A Look at the Evolution of Retail
Remember what visiting the mall felt like? You contend for a parking spot, find the location of stores on the mall map, stroll from store to store, grab a sandwich at the food court, and then return home satisfied with bulging shopping bags. Now, things look a little...
Designing Retail Centers Without an Anchor Tenant
Even before to the recent disruption related to the pandemic, retail was already experiencing marked changes. The asset class was moving toward an entertainment and community-gathering model. Although much of the world is currently practicing social distancing and all...
Retail Investors Bear Down On Asset Types
The retail market has begun to see a shift as stakeholders buffer their portfolios in the case of a market downturn. Retail investors have begun to focus on quality assets that are deemed recession-proof or resistant, such as assets that may include neighborhood...
Amazon Eyes New Market for Brick-and-Mortar
Amazon is reportedly considering opening physical stores in its second-largest global market. According to Reuters, Amazon may open brick-and-mortar stores in Germany. The e-tailer is rapidly opening stores in the U.S. under banners including Amazon Go, Amazon Books,...
The Retail Evolution Is Only Beginning
In 2020, retailers will continue to look for ways to stand out and create experiences, and landlords will put a greater focus on tenant curation. Retail will continue to evolve in 2020, as it continues to be struck by the changes that it has already endured this...
What to Expect in 2020 — What Not to Expect
Retailers can expect e-commerce growth to continue to accelerate in 2020. That’s according to tech market advisory firm ABI Research, which said that total e-commerce revenue in 2020 will reach $3.52 trillion, an explosion that will force retailers to find faster and...
Once, High Street Retail Was a Safe Bet for Investors. Is That Still True Today?
In a U.S. retail market that’s largely struggling with big changes in how consumers shop, retail experts says high street retail, in general, hasn’t been as negatively impacted as some headlines might indicate. Despite some challenges, much of high street remains a...
Three Predictions for Retail Relevancy in 2020
Heading into a new decade, savvy retailers are firming up their strategies for success — especially when it comes to driving customer engagement at store-level. As 2020 approaches, retailers are ready to innovate and adopt new concepts — from innovation to immersive...
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