Weekly Perl: A Commercial Real Estate News Recap
Dollar Tree’s Q2 profit outlook gets tanked by tariff costs
Dollar Tree on Wednesday said that higher tariffs on imported products would have a significant impact on its second-quarter profitability, although it expected to recover over the course of the year...
Hudson’s Bay selling up to 28 store leases to mall owner; closing all stores by June 1
Hudson’s Bay Co. is selling some of its leases to a mall owner that intends to launch a "new, modern department store.”
Zara opens two-level store at CambridgeSide
A global fashion retailer is expanding its presence in the Boston area in a big way....
Target opens one of its biggest new stores to date — in Texas
Everything is bigger in Texas – including Target’s newest store.
The discount chain recently debuted a new large-format store in Denton, a northern city within the Dallas-Fort Worth metro...
Automotive repair chain to close 145 stores by month's end
Automotive repair and tire retailer Monro is planning to close 145 locations in a bid to improve profitability, the latest company in the automotive services sector to close stores or take other steps to address the effect of inflation on its sales and profits...
Del Taco, Jack in the Box plans to expand to Dayton region
Two fast-food chains are planning to make their mark on the Dayton region. Del Taco, a Mexican brand that got it's start in Yermo, Calif. in 1964, has identified at least 10 opportunities within the Dayton market...
Gap Inc. braces for as much as $300M in tariff-related costs
CRE Lending Recovery Signals Shift in Bank Strategy
Banks are slowly stepping back into CRE lending after a years-long pullback, per GlobeSt. The retreat was driven by the pandemic and 2023’s high-profile bank failures...
New Big Lots owner eyes buying more leases after reopening 200 stores
Big Lots' new owner is weighing buying more of the chain's store leases after finishing up reopening just over 200 of its brick-and-mortar locations...
Cash-rich retailers are scrapping for a slice of NYC’s best avenues
Is everything finally coming up roses for city stores? Maybe.
Retail leasing velocity across the city is up 14%, year over year. That represents over 3.5 million square feet of new leases and renewals — and according to CBRE, the number of available storefronts on the main shopping streets has dropped...
