Macy’s Inc. (NYSE:M) announced it will be closing 50 of its stores by the end of the year and another 100 over the next three years. The department store chain announced the closings today during the analysts’ call for its fourth quarter 2023 earnings report. The...
A new U-Haul retail, moving and self-storage facility is coming to Rapid City, South Dakota, following the company’s recent land acquisition of 7.5 acres. U-Haul Moving & Storage of Catron Blvd. is budgeted for completion by early 2025. The property will...
The New York City Transit Authority has filed a lawsuit against Westfield Corp. to prevent it from terminating its operations at the lower Manhattan commuter hub Fulton Center less than halfway into its 20-year lease. Fulton Center currently has 68 retail tenants....
The real estate development company Thompson Thrift announced the acquisition of approximately 20 acres of land for the development of South Bridge Marketplace, a retail property near Phoenix. Construction of the first phase is slated to begin in April. The second...
Kering (OTC:PPRUY), the French luxury group that owns the Gucci, Saint Laurent and Alexander McQueen brands, has acquired a multi-level retail space on New York City’s Fifth Avenue. The company paid $963 million for the 715-717 Fifth Ave. property on the southeast...
FBI Investigating Lurin Capital Amid Multifamily Collapse
