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The retail sector is constantly changing and evolving. In order to keep up with the most recent trends, we’ve gathered some of the latest and most impactful highlights of retail real estate news in 2023 and 2022.
Retail Real Estate News Q1 2023
CNBC Reports on Retail Leading the Way for Business Sectors in Hong Kong with China Reopening
China’s reopening is having a positive impact on Hong Kong’s economy, as is to be expected; however, Colliers reports that retail is leading the way with the economic recovery. Read More
Two Retail Shopping Centers Around Miami Acquired fror $32 Million
Two Publix-anchored centers were recently acquired by Phillips Edison & Company from PGIM Real Estate. The two retail centers are Shops at Sunset Lake in Miramar and Town Center at Jensen Beach. Read More
Cineworld Seals the Deal With Creditors to Cut Debt, Exit Bankruptcy
Cineworld, a British-based cinema operator, is set to shed billions of dollars in debt this week and finally come out of bakruptcy after potentially reaching a deal with creditors. Read More
Competitive Socializing Concepts See 386% Increase Overall Over the Last Two Years
Competitive socializing, a niche segment in the retail real estate industry, is growing tremendously over the last two years as people are looking to spend more time together following the pandemic. A Cushman & Wakefield study shows that this particular niche of retail business has grown 386% since 2020/2021. Read More
Stockdale Acquires Texas Retail Shopping Center for $47.5M
LA-based real estate investment firm, Stockdale, acquired Arboretum Crossing in Austin, TX. Arboretum Crossing is a 20-acre, 192K-square-foot retain shopping center. Read More
$1B Mixed-Use Project with Retail Spaces Seals Whole Foods As the Anchor
RocaPoint Partners signed Whole Foods to the center to occupy a stand-alone store in the Greenville County Square Redevelopment in Greenville, S.C. Read More
Digital Native Retail Has Reached Its Peak
Digital native retail brands that were doing very well during the pandemic are starting to feel the repercussions of brick-and-mortar coming back online over the last year or two. Read More
Investor Raises Nearly Quarter of a Billion Dollars to Buy Shopping Centers Anchored by Ethnic Grocers
Boston-based Longpoint Realty Partners closed the deal on a $225M fund that focuses on unique shopping centers catering to neighborhoods that are diverse with specific ethnic and multicultural populations. Read More
Realty Income Set to Acquire $1.5B Convenience Store Portfolio of Assets
Realty Income Corporation agreed to purchase a portfolio of 415 single-tenant convenience store assets in the United States under a sale-leaseback with EG Group, an independent convenience retailer based in the United Kingdom. Read More
Bed Bath & Beyond’s Problems Nationally Tee Up Landlords to Find New Big-Box Retailers
Bed Bath & Beyond is heading toward potential bankruptcy, and that is leading to the possibility of “flooding” the retail real estate market with hundreds of vacant stores around the country. Landlords of retail shopping centers are more confident than in past years that they will be able to fill those spaces. Read More
Retail Real Estate News Q4 2022
Retail Experts Predict Positive Year for Los Angeles Market
BizJournals.com covers the latest insights from Kennedy Wilson Brokerage and other CRE experts that foresee a positive year and growth with the Los Angeles retail real estate market. Read More
Barnes & Noble To Open 30 New Brick-and-Mortar Stores Across the Country
Barnes & Noble is set to open 30 new retail locations across the United States. James Daunt, the Barnes & Noble CEO, joins CNBC to discuss the latest moves in the company. Read More
Majority of Restaurant Owners Say They Plan to Expand in 2023
GlobeSt.com highlights the restaurant real estate industry, specifically the R365 State of the Industry Customer Survey, which shows that restaurant owners are upbeat and looking to expand their businesses this year. Read More
Dollar Stores (Dollar General & Dollar Tree) Lead the Way for New Brick-and-Mortar Retail Presence
Wall Street Journal reports on the expansion of dollar stores around the USA. For example, Dollar General has reported 31 consecutive years of growth. This trend in the retail market is “boosted by demand for less expensive groceries and goods in underserved rural areas”. Read More
More and More Retailers Are Reporting Theft As a “Drag On Profits”
Retailers around the country are reporting more theft in their stores, and it is causing issues with their bottomline. They blame organized crime for these robberies. Read More
Kimco Realty CEO Joins ‘Power Lunch’ To Discuss the Latest Retail News
Kimco Realty CEO, Conor Flynn, says that new store openings “far outweigh” store closures. Read More
Albertsons-Kroger Merger Could Be a Positive Thing for Grocery Real Estate Market
Initially leadership said the proposed $24.6B merger of Kroger and Albertsons “would not lead to layoffs or store closures”. However, “the companies’ plans to sidestep these outcomes could have an impact on grocery retail in the western U.S. and present an opportunity for challengers in the supermarket industry”. Read More
Retail Real Estate Is Going Through “Biggest Revival In Years”
More stores in the United States opened than closed in 2022 for the first time since 1995. Read More
Retail Real Estate News Q1 – Q3 2022
Below are some of the biggest headlines from retail real estate in 2022 from Q1 to Q3.
Retail Real Estate Having Its Best Revival in Years
The Wall Street Journal reports on how U.S. retail real estate vacancies are on their way down, rents are going up, and more stores have opened than closed for the first time since 1995. Read More
Return to Gym Workouts Are Helping Business Overall at Shopping Centers
Fears of the pandemic are starting to dwindle, as people are returning to gyms in place of doing at-home workouts once again. This is bringing a much needed boost to retail sales overall. Read More
Kroger Set to Acquire Albertsons Consolidating Two Huge Grocery Brands
Kroger is set to purchase Albertsons for $24.6B, which equals $34.10 per share. Kroger will also take on $4.7B of Albertsons debt in the deal. Read More
5 Retailers That Are Currently Expanding Quickly Are Betting on Dallas-Fort Worth’s Market
According to BisNow, “new retail trends” are being witnessed in the Dallas-Fort Worth area vis-a-vis consumer habits, as “inflation-weary consumers adjust to a post-pandemic world.” Read More
Cash-Out Refinancing Becoming More Popular for Shopping Malls
Patrick Ward, president at MetroGroup Realty Finance, discusses the continued rise in cash-out refinancing across the Unites States. Shopping malls and retail center developers can then improve the curb-side appeal of the properties and hopefully drive foot traffic to the locations. Read More
Puttshack Gets Ready for Massive Expansion in the USA
Puttshack, the new, trendy golf entertainment company, is now backed by BlackRock with $150M in investment funds. This is fueling its anticipated expansion across the country. Read More
Cartier Planning 10 New Stores Across the Country
In an anticipation of higher demand for luxury products, Cartier is planning to open 10 new stores across the United States over the next few years. Read More
The Biggest Mall Owner in the USA Planning New “Sales Holiday” to Combat Inflation
David Simon, CEO of the biggest shopping mall owner in the U.S. (Simon Property Group), is planning a “National Outlet Shopping Day” to create a new annual shopping holiday. Read More
Retailers Brace for “Unpredictable” Holiday Season as Inflation Worries Continue
Inflation is at a record high, and retailers around the nation are bracing for an unpredictable shopping season due to the economic headwinds. Read More
How the Rise and Demise of On-Demand, Quick Grocery Delivery Will Shape Retail
BisNow covers the latest trend of “rapid grocery delivery” and how it impacted traditional retail and the retail real estate market as a whole. The quick rise and fall has left a big hole to fill in many retail spaces around the country. Read More
Private Investors Buying Up Retail Real Estate, While Bigger Investment Firms Remain Cautious
The Wall Street Journal covers the current pricing and transactions of retail real estate around the country, noting that many smaller investors are more eager to purchase properties compared to larger firms. Read More
Retail Sales Growth Leads to Retailers Opening More Stores In Spite of Rising Inflation
In spite of rising inflation, or perhaps due to it, retail sales in the United States were up in June, and following suit with that, retailers are opening more stores than they are closing currently. Read More
Macy’s Is Making Changes and Investing In Smaller Stores vs Bigger Ones
According to The Wall Street Journal, this new format allows for frequently updated inventory that keeps up with the current consumer trends of changing fashion more rapidly. Read More
Retail Leasing Momentum Continues In Positive Direction in Dallas-Ft Worth as New Construction Slows to Record Low
Retail real estate occupancy is way up in DFW, as current construction projects have slowed to nearly a record low compared to previous years. Read More
Retail Real Estate Is Taking On a ‘New Look and Shape’
The retail real estate industry is changing in many ways internally and externally. New formats and forms of entertainment are paving the way for an evolved consumer experience, reports GlobeSt.com. Read More
Amazon Hires New Head of Logistics and Retail Operations
Amazon hired a new head of its logistics and retail business sectors, pegging the same executive who launched Amazon Fresh 15 years ago. Read More
Los Angeles’ Panorama Mall Will Convert Into Mixed-Use Project
Primestor Development is converting its Panorama Mall in L.A. into a mixed-use project that will create 4.5 million square feet of commercial, residential, and hotel space. Read More
Grocery-Anchored Retail ‘Stronger Than Ever’ According to GlobeSt
GlobeSt.com reports on the latest projections that grocery e-commerce sales will double by 2025, and they haven’t showed signs of slowing due to their pace of acquisitions of “open-air retail properties”. Read More
Westfield Malls’ Euro-Based Owner “Done With the U.S.” According to WSJ
Unibail-Rodamco-Westfield is looking at potentially big losses as it is currently in process of offloading its American mall portfolio during the next calendar year. Read More
Surgery Centers Begin to Fill Empty Store Vacancies in Malls
Hospitals and healthcare providers are filling the voids that were left by lost retail tenants in shopping malls around the country. Read More
After Retailers “Learned to Survive” During the Pandemic in 2020 / 2021, They Are Planning More Openings in 2022
BisNow reports on the amount of physical stored opening around the United States, showing that many retailers are now in expansion mode vs the previous years affected by the pandemic. Read More
