Northlake Mall To Be Acquired For $39 Million
Northlake Mall, once valued at over $248 million, is set to be sold for $39 million, a significant loss of more than $200 million from its original purchase price a decade ago, according to a filing in the North Carolina Business Court. Since 2021, the mall has been...
Macy’s, Kohl’s Announce Dozens Of Store Closures
Kohl’s announced plans to close 27 underperforming stores by the end of April, while Macy’s revealed it will shut down 66 locations during the first quarter as part of a strategy to focus on high-performing stores and online sales. Macy’s aims to reduce its footprint...
Open-Air Shopping Centers Driving ‘Retail Renaissance’
During the e-commerce boom of the pandemic, millions of consumers shifted to online shopping from home, leading some experts to declare the beginning of the “retail apocalypse” for traditional brick-and-mortar stores. However, while other sectors of...
Here’s To Cheer, Joy & Peace…
As the year comes to a close, we want to express our heartfelt gratitude for your continued support and partnership. May your holidays be filled with joy, peace, and prosperity. We look forward to achieving even greater success together in the coming...
Fast Food, Convenience Stores Fuel Retail Investment Surge
Despite a broader slowdown in commercial real estate deal flow, the retail market is showing resilience, with investors continuing to find opportunities. A recent broker report highlights strong demand driven by the performance of fast-food chains and convenience...
The Worst Might Be Behind Drug Stores
The retail pharmacy sector has struggled in recent years, with significant store closures and bankruptcies. From 2010 to 2021, nearly 30% of drug stores shut down, according to a study by Health Affairs. Last year, Rite Aid even filed for bankruptcy. However, experts...
Multi-Decade Low Retail Space Attracting Investors
Retail space availability is at a multi-decade low of just 5%, with limited new deliveries—only 5.9 million square feet in the latest quarter. Although 29.3 million square feet were leased, the demand for prime retail space remains strong, especially in high-demand...
The State Of Commercial Real Estate In The Carolinas: A Market Breakdown
The Carolinas continue to experience dynamic growth across various commercial real estate sectors. From industrial expansion driven by supply chain and logistics needs to tech and life sciences-fueled office demand, the region is evolving rapidly. This article...