Weekend Recap- July 20 Edition

Tim’s must reads:

While E-Commerce Sales Grew, DFW Added 50 Million Square Feet of Retail in 15 Years
Report: Proposed new tariffs would hurt these retailers the most
Studio Movie Grill Plans International Expansion, More Domestic Locations

Below are a few articles that I found interesting this week.

Local:

Nokia Signs Two-Building Lease at Cypress Waters
1980s-era Uptown Office To Be Renovated, Add Restaurant
Landmark Oak Cliff high-rise hits the market for sale
While Costco prepares its new store in McKinney, it hasn’t given up hope on a second Dallas site
How UT-Dallas is preparing for DART’s Cotton Belt stop
3 Local Cities Rank as Best Places for 1st-Time Homebuyers: Report
More pretty pictures of what could replace Dallas’ dead Valley View mall
All aboard: Developers are betting millions on new Fort Worth to DFW Airport commuter rail line

National:

Nike Live Shows Physical Retail Is Far From Dead
Amazon hopes to ride its sales momentum to become the top apparel retailer in the US
Coastal Buyers Seek Higher Cap Rate Returns
U.S. Retail Sales Advance for Fifth Month, May Revised Up
First Look: Casper at Nordstrom
Petco tries to ‘Amazon-proof’ its business with a new store
Icons, Artisans & Outliers: How Coal Drops Yard Is Reinventing Mall Culture

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Rubicon Representation, LLC and Tim Lepore are not affiliated with these organizations.

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Weekend Recap- July 13 Edition

Tim’s must reads:

Peking, Dallas, and Chicago will be among the 10 richest cities by 2022
Oprah Winfrey is about to get into the restaurant biz with an investment in True Food Kitchen
Hobby Lobby, Burlington Expected to Move Into Empty Toys ‘R’ Us Stores
Brick-And-Mortar Retail Isn’t Dead: Just Look At Who’s Moving Into Toys ‘R’ Us’s Empty Stores
Sears And Toys R Us Emptying 1M SF In DFW, But New Anchors Push To Near-Record Q2 Retail Occupancy

Below are a few articles that I found interesting this week.

Local:

About Those Trees at Casa Linda Plaza
In Amazon’s HQ2 search, Dallas has a unique history to bring to the table
Purse Building Joins Other Efforts To Revitalize West End
New loft-style workspace and homes replace old office center near Dallas’ medical district
JPI Breaks Ground On Luxury Apartments At The Gate In Frisco
New Approach To Fitness Is Open To The Public
More apartments on the way in Frisco’s $5 billion mile
Preston Center office tower lands Eagle Materials in move from Oak Lawn
Canopy: The Latest Hotel Brand To Pitch The Dallas Experience

National:

Dunkin’ Brands new CEO modernizes iconic coffee company to stay relevant to customers who don’t want to pay more for their cup of Joe
Walmart testing c-store concept
Lidl USA: What Went Wrong And What It Can Do To Recover
Za’atar, The Tangy Middle Eastern Spice, Is Fast Becoming A Flavor Trend
First Look: Nike’s new store concept uses digital-user data to curate merchandise
A Pretty Smart Move: Home Depot Is Getting Into The Home Decor Space
The Rise Of The Five-Minute Shopping Trip
Fabletics sets aggressive store expansion
20 of the most exciting under-the-radar retail startups to watch in 2018

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Rubicon Representation, LLC and Tim Lepore are not affiliated with these organizations.

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Weekend Recap- July 6 Edition

Hope everyone had a safe and fun 4th of July!! Have a great weekend.

Tim’s must reads:

The Man Who Bought Deep Ellum Reflects On Dallas’ Neighborhoods
Vacant Toys R Us, Sears stores won’t cause D-FW retail glut, new report says
Amazon will capitalize on the demise of Toys R Us by mailing millions of people a holiday toy catalog

Below are a few articles that I found interesting this week.

Local:

RED Development’s The Union Signs Two Restaurants, Two Office Tenants
As real estate gets pricey, Dallas hotel operators find a new way to serve and save
Historic Downtown Frisco Rebranded ‘The Rail District’
North Texas Engine Speeds At Full Throttle
CRE Opinion: Evolve or Die in DFW Retail
Allen’s latest ‘alluring’ development has houses starting at $410,000
New mixed-use community will bring 440 homes in Celina
416-Unit Arts District Atelier Breaks Ground

National:

WeWork debuts retail format
Amazon buys PillPack, an online pharmacy, for just under $1B
Home Depot joins Walmart, others in installing lockers in stores for online orders
Discount fashion chain in U.S. expansion
Sears adds more stores to closings list; 78 set to close in September
US malls haven’t been this empty since 2012

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Rubicon Representation, LLC and Tim Lepore are not affiliated with these organizations.

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Weekend Recap- June 29 Edition

“The retailer filed for Chapter 11 bankruptcy protection in September and officially filed for liquidation in March. As a result, more than 700 Toys R Us and Babies R Us stores across the United States will be closing for good by Friday, June 29.

The store has been saddled with debt since a leveraged buyout in 2005 and struggled to keep up with competitors.

Though many Toys R Us fans were aware of this, they’re still heartbroken to see it go.”

Tim’s must reads:

Photo of Geoffrey the Giraffe leaving an empty Toys “R” Us store goes viral
Toys R Us will close all of its US stores by the end of Friday. Take a look back at what it was like in its heyday
Two underground Dallas subway stations that are all but forgotten. Curious Texas digs for answers
First Look: Casper expanding in physical retail

Below are a few articles that I found interesting this week.

Local:

Pushing The New Momentum In Downtown Dallas Development
Development Efforts Lacking In CBDs
When’s the next recession? Real estate analysts give their best guess
Hong Kong firm plans huge Frisco development with shopping mall, office towers, hotel and apartments
See how many Californians moved to Dallas in just 3 months last year FILED UNDER
Frisco decides it’s the end of the road for its ‘$5 Billion Mile’
First Look At Center For Architecture’s New Downtown Dallas Digs, New Name
West Village makeover: Gap exits, and new shops including Sephora move in
The Container Store unveils next-generation store

National:

Toys R Us will close all of its stores Friday
U.S. retail sales grew by 3.1 percent last week
Special Amazon Prime discounts will be in Whole Foods nationwide starting Wednesday
Physical stores win out over online competitors in this category
11 Things Retailers Just Said About The Future Of The Store
Former Toys R Us CEO considering a revival of the bankrupt retailer
Party City to open Toy City stores in wake of Toys R Us demise
Tech-savvy b8ta to expand footprint as Macy’s leads new funding
Kroger to bring driverless cars to grocery delivery
Fast-casual juice-bar chain continues aggressive expansion

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Rubicon Representation, LLC and Tim Lepore are not affiliated with these organizations.

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Weekend Recap- June 22 Edition

“Starbucks is decaffeinating its expansion with plans to close 150 U.S. units, three times as many stores as its usual fleet-rationalization rate, reflecting slowing growth and a performance that is undeserving of shareholders, said Kevin Johnson, Starbucks president and CEO, during an Oppenheimer conference yesterday.”

As Business Stalls, Starbucks Triples Store Closure Rate With Plans To Shutter 150 U.S. Locations
Starbucks reins in expansion, ramps up store closings
Starbucks says it will close 150 stores next year
Starbucks to accelerate store closings next year

Below are a few articles that I found interesting this week.

Local:

D-FW investment property buys slowed in the first quarter
Landmark Deep Ellum hotel will fly Kimpton flag
Uptown Dallas office high-rise project will include park and restaurant buildings
DFW Economy Growing at a ‘Blistering Pace’: Federal Reserve
Help From Across The Pond: London And Dallas-Fort Worth Ink Partnership
Maple Avenue building sells for redo in Dallas’ Oak Lawn district
How a strip mall parking lot could become a park in Far North Dallas
One year and $30 million later, Dallas’ Hotel Crescent Court marries old with new
Allen Premium Outlets expansion ends with H&M opening, food truck row and stores relocating

National:

Supreme Court Widens Reach of Sales Taxes in E-Commerce
Dollar General jumps into self-checkout game
Texas Has Six Most Prosperous Cities
Retailer GameStop is in talks with buyout firms after receiving takeover interest
BJ’s Wholesale expects its IPO to price at $15 to $17 a share
Subway hires Bain to help with sales slump
Aldi, Big Lots, and Ashley pick up some Toys ‘R’ Us stores
Rent-A-Center to be acquired for $1.37 billion

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Rubicon Representation, LLC and Tim Lepore are not affiliated with these organizations.

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Weekend Recap- June 15 Edition

“The Federal Reserve on Wednesday announced that it decided to raise interest rates, and it signaled plans to do so more times than expected this year.

In a two-day meeting, the Federal Open Market Committee voted to lift the target range for the federal funds rate by 25 basis points to between 1.75% and 2%. In a few hours, several banks will respond by raising their prime lending rate, the starting point of borrowing costs for nonmortgage loans like credit cards and auto loans.

This was the seventh rate hike since late 2015, when the Fed first began lifting interest rates from almost zero. It kept borrowing costs that low after the financial crisis to encourage businesses and consumers to spend and grow the economy.”

Fed raises interest rates, expects 2 more hikes this year
Fed Raises Interest Rates and Sees 3.6% Unemployment
Fed hikes rates, points to two more increases by year’s end

Below are a few articles that I found interesting this week.

Local:

$370M Texas 121 Project Begins Summer 2018
Walmart plans a Lower Greenville return, but with a store you wouldn’t expect
Dallas City Council OKs Sending Millions to Red Bird Mall Redevelopment
$1.5 billion Lewisville project will bring office, retail and apartments to S.H. 121
More apartments on the way near Dallas’ Love Field
Frisco project will include huge fitness center, offices and retail
If Dallas wants to revive Deep Ellum’s most historic landmark, we will have to help pay for a new building
Japanese manufacturer closes deal on 318-acre Denton County spread
Dallas on List of Cities for New U.S. Army Command Headquarters
Grapevine lands a second major corporate office deal in one week

National:

Sears expands Auto Center partnership with Amazon to more stores
California company buys Quiznos, but Denver-born sandwich chain to keep its HQ local, new owner says
Kroger to exit one of its markets
The next stock market crash will simply be a warm-up for an even bigger issue facing Main Street
Target launching design-focused home brand to bring better functionality to everyday items
The co-founder of By Chloe, the chain that wants to be the McDonald’s of vegan fast food, just opened a new restaurant. Here’s what it’s like to eat there.

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Rubicon Representation, LLC and Tim Lepore are not affiliated with these organizations.

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Weekend Recap- June 8 Edition

Another icon closes… Hudson’s Bay has had their struggles in the past few years and they are the latest of the big chains to close an iconic store(s). What I find most interesting about the 5th Ave store closing, is the WeWork acquisition. Shared work space is on the rise and this is just one of the latest buildings to be turned over!

Lord & Taylor closing 10 stores in United States
Richard Baker Starts Tear-Down At HBC, Closing Lord & Taylor’s Flagship And Selling Gilt Groupe
It’s Just About Time For Full-On Panic At J.C. Penney
Hudson’s Bay to close up to 10 Lord & Taylor stores, including Fifth Avenue in New York
Lord & Taylor: WeWork Startup Buys Iconic 5th Ave Building
This Is What Employee Amenities Looked Like In 1919, At Lord & Taylor’s 5th Ave Flagship

Below are a few articles that I found interesting this week.

Local:

Macy’s carving out more of its D-FW space for its off-price Backstage
Frisco’s Wade Park ducks foreclosure for fourth straight month
Automotive giant investing $175 million and hiring hundreds in Grand Prairie
Tech Firm Launches Property-Matching Service For Tenants, Targets Former Xceligent Customers
Hedge fund provides $105 million for new Frisco hotel
Toyota adds to its North Texas presence with a distribution center in Lewisville
Investor snaps up McKinney apartments with $40 million loan
From Phoenix To Frisco: Texas Extends Incentive Dollars To Lure Contractor HQ
What is Project Apollo? For Dallas, it could mean a $50 million investment

National:

Wells Fargo is selling all its branches in three Midwestern states
Bed Bath & Beyond’s new $29-a-year membership is actually a really good deal — it can pay for itself in a single purchase
Fashion Designer Kate Spade Dies At 55
Fred’s Closes Specialty Pharmacy Sale To CVS, Hints At More Deals
McDonald’s to add self-order kiosks to 1,000 stores each quarter
Fashion Brand’s First NYC Location Marshals Data To Enhance The In-Store Experience
3 Retail And CRE Trends To Watch In The Second Half Of 2018
Walmart Takes A Swig Of The $62 Billion Wine Industry With Its Own Bottling
Hawaii, Wisconsin are fastest-growing real estate states
16 Ways Malls Are Filling Space Besides Stores

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Rubicon Representation, LLC and Tim Lepore are not affiliated with these organizations.

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Weekend Recap- June 1 Edition

 

The summer is officially here and Sears is at it again closing 72 more stores. While it seems that big-box retail is undergoing similar pressure throughout the nation, I disagree. Old big-box retailers are starting to close their doors because they can’t keep up with what customers want. In my eyes, Sears was never an exciting consumer expereience and their online game isn’t well advertised. My guess, brands like TJX’s newest concept Homesense will start taking over some of these big-box vacancies and we will see a lot of regrowth in the larger retail space!

Sears Closes An Additional 4 Texas Stores
Sears is closing 63 stores as sales tumble — here’s the full list
Sears is closing 72 stores as sales tumble
Sears plans to shutter 72 more stores, with closing sales starting in the near future
Sears’ loss widens in first quarter as sales plunge 30 percent

 

Below are a few articles that I found interesting this week.

Local:

Texas Is Undeveloped Land King

Dallas Has More Vacant Land Downtown Than Any Other Major U.S. City

Spurred By Upcoming TEXRail Line, Mixed-Use Transit-Oriented Development Coming To Grapevine

New Rangers Stadium Will Be ‘Ultimate Curation of Experience,’ Designer Says

No sign of a slowdown for Allen’s building boom

CRE Opinion: How Dockless Bikes Fit into Downtown’s Mobility Plan

Valley View Center was supposed to be gone by now, but instead Dallas says it’s ‘a substantial danger’

Uptown office block sells to pension fund buyer

National:

Big Scoop: Rite Aid To Keep Thrifty Ice Cream Under Albertsons

Kroger Buys Home Chef As The Meal Kit Industry Rapidly Consolidates

Fred’s Bolsters Board With Real Estate Talent As Divestitures Loom

Watch out for these 8 retailers — they’re ready to grow in the US

Walmart’s future may include in-store drone assistants and smart shopping carts

Pret A Manger sold for $2 billion to Germany’s deal-hungry Reimann family

Owner of Panera Bread, Krispy Kreme in another big acquisition

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Rubicon Representation, LLC and Tim Lepore are not affiliated with these organizations.

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ICSC RECon 2018 &Weekend Recap May 18

Are you heading to ICSC Recon Las Vegas this year? If so, shoot me an email, TLepore@RubiconRep.com, and let’s sit down!

Amazon is back in the news again this week:

“The online giant visited all 20 finalist locations, a move that indicates the company is closing in on the site of its new headquarters, reported NBC News. There is no indication if list has been narrowed down, or if there is a leading contender, according to the report.

The final 20 contenders are Toronto, Canada; Columbus, Ohio; Indianapolis; Chicago; Denver; Nashville; Los Angeles; Dallas and Austin, Texas; Boston; New York City; Newark, New Jersey; Pittsburgh and Philadelphia; Montgomery County in Maryland; Washington, D.C.; Raleigh, North Carolina; Northern Virginia; Atlanta, and Miami, Florida.”

Amazon has visited all contenders for new HQ

Arlington offered nearly $1 billion in incentives for Amazon HQ2, says it’s no longer in the race

North Texas City Bows Out Of HQ2 Race

Below are a few articles that I found interesting this week.

Local:

Legacy Central Scores Another Large Tenant

Downtown Dallas’ new East Quarter redevelopment kicks off construction

Here’s what developers are planning at Braniff Airway’s old digs at Love Field

Allen’s Stacy Green mixed-use project is attracting an all-star lineup of restaurants

Dallas Is A Retail ‘Buy’ Market, And Out-Of-Towners Are Taking Notice

Howard Hughes Building 8.7M SF Mixed-Use In Allen

True Mixed Use Features Library, Hotel, Retail

$40 million seniors living project coming to McKinney

Luxury hotel on the way in Dallas’ Uptown area near Crescent

New Highway Planned for Collin County

Demand For Urban Walkability Is Unmatched

National:

Toys ‘R’ Us to sell Geoffrey the Giraffe … and sex-toys-r-us.com

Retail sales post second straight monthly gain

Walmart has a new website for wealthy shoppers — here’s what it’s like

GameStop CEO resigns after three months, shares drop

Amazon opens showrooms in model homes to demo, sell smart home products

Fast-growing fashion brand gets $120 million investment

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Rubicon Representation, LLC and Tim Lepore are not affiliated with these organizations.

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Weekend Recap May 11

Are you heading to ICSC Recon Las Vegas this year? If so, shoot me an email, TLepore@RubiconRep.com, and let’s sit down!

Below are a few articles that I found interesting this week.

Local:

Modular Rooftop Skyports To Support Uber’s Flying Taxi Unveiled At Uber Elevate Summit

Music project in the works for Frisco’s $5 billion mile

Goldman Sachs is bringing hundreds of workers to a new Richardson office and growing in downtown Dallas

Frisco moving ahead with plans for Music City complex on the tollway

Parkway Logistic Center Breaks Ground in Grand Prairie

Dallas’ downtown landmark AT&T tower is up for sale

Steakhouse Del Frisco’s to acquire tapas restaurant owner Barteca for $325 million

Frisco’s Wade Park scheduled for June foreclosure

Plano project developer goes back to the drawing board with Campus at Legacy West

AT&T’s Whitacre Tower Is Up For Sale And it could fetch more than $250 million.

Allen Convention Center to be Largest Between Dallas & OK

National:

2 founders who sold their last startup for more than $20 million have raised $1 million to build a cheaper, less frustrating AT&T

Fred’s in $40 million deal with CVS Health

Nestle Bets $7 Billion on Starbucks to Revive Coffee Sales

Taco Bell owner’s $200 million deal with Grubhub gives it a leg up on the competition

Amazon’s share of all retail sales could reach nearly 10% in two years, Telsey analyst says

How Walmart Beat Out Amazon For India’s Flipkart, And Softbank Stands To Profit

Sears is working with Amazon to deliver and install car tires

From Toys R Us to Pilates studios: Malls fill empty stores with latest fitness fads

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Rubicon Representation, LLC and Tim Lepore are not affiliated with these organizations.

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Weekend Recap May 4

New developments are exploding throughout the Metroplex and there is no end in sight! Developers are buying up land everywhere to make space for new retail and office.

Check out my latest listing in Dallas, this parcel is zoned CS and sits on a strong hard corner, perfect for new retail!

“There are about 50 shopping centers that are in some stage of development in McKinney, according to the city’s office of Development Services.

Growth in McKinney has been typical of an outer ring suburb that first focused on residential development before addressing commercial and retail needs, according to Michael Quint, Executive Director of Development Services.”

Dozens of Shopping Centers Coming to McKinney

TD Ameritrade’s new 78-acre Southlake campus to house 1,800 employees

UNT, Frisco Announce Plans for New University Campus

Wildcat Management’s $15 Million Renovation of the West End’s Purse Building

Are you heading to ICSC Recon Las Vegas this year? If so, shoot me an email, TLepore@RubiconRep.com, and let’s sit down!

Below are a few articles that I found interesting this week.

Local:

How big changes to Henderson Ave. are creating fear, loathing and excitement in East Dallas

Aldi is almost halfway done with Dallas-Fort Worth store remodels; competitor Lidl hasn’t yet arrived

Japanese builder buying developer of projects in Deep Ellum and North Oak Cliff

Frisco’s Wade Park dodges foreclosure bullet for third straight month

Entertainment Firm Is Jumping At Expansion

 

National:

Indochino ramps up store expansion

Amazon plans more Prime perks at Whole Foods, and it will change the industry

‘Hi, It’s Amazon Calling. Here’s What We Don’t Like in Your City.’

Subway to close 500 restaurants across the US

Whole Foods sparks controversy by partnering with an Asian eatery called ‘Yellow Fever’

Meet the company helping fill a sea of vacant stores in the US

Macy’s to add fulfillment center for its off-price concept

Weis Markets to invest $101 million to long-term growth

Report: Toys ‘R’ Us Canada purchase could save some U.S. stores

Chico’s becomes the latest retailer to sell on Amazon

 

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Rubicon Representation, LLC and Tim Lepore are not affiliated with these organizations.

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Weekend Recap April 27

“Amazon will begin delivering packages to Volvo and GM cars, even when drivers aren’t around.

The service will be free for Amazon Prime members with an active GM OnStar or Volvo On Call account and is available in 37 U.S. cities and surrounding areas. The companies have plans to expand the service to more locations.

The move adds another location where customers can receive packages, which is key for Amazon as its retail business depends so heavily on deliveries. The e-commerce giant has experimented with several types of partnerships, such as recent expansions into delivering groceries and meals.”

Amazon will begin delivering packages to GM and Volvo cars, even when drivers aren’t there

Amazon News Roundup: New Car Trunk Delivery Service And More Fake Product Reviews

Amazon Begins Delivery to Your Car’s Trunk

Are you heading to ICSC Recon Las Vegas this year? If so, shoot me an email, TLepore@RubiconRep.com, and let’s sit down!

Below are a few articles that I found interesting this week.

Local:

Infomart To Be Chewy’s New Call Center Home

High-Tech Windows Helped A DFW Bar Sell Twice As Many Drinks

Wildcat Management Takes On West End’s Last Undeveloped Building

The U.S. Army has Dallas in its sites for a new high-tech office center FILED UNDER

Plano’s Legacy West project lands $300 million from MetLife

Carrollton shopping center makeover on the way

Northern Trust is growing its Uptown Dallas office

National:

These are the 5 fastest growing restaurants in America

GNC to close 200 stores this year

French sporting goods giant unveils North American locations

Fat Lama: The “Airbnb For Renting Almost Anything” Raises $10 Million

Walmart’s Flipkart deal reportedly nears closing

Toys ‘R’ Us seeks approval to sell Canadian division

Dunkin’ Donuts taps former BJ’s exec for marketing role

Sears’ head of real estate is stepping down

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Rubicon Representation, LLC and Tim Lepore are not affiliated with these organizations.

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Weekend Recap April 20

“Isaac Larian placed a $675 million bid for 200 of the remaining 735 Toys “R” Us locations in the United States, and almost all of more than 80 locations in Canada. Toys “R” Us is still considering other offers, but it’s not clear whether those would keep US stores open.

Sources with knowledge of the matter say the bid was too low.”

-Toys ‘R’ Us rejects $675M bid from billionaire toy maker

Toys ‘R’ Us rejects bid from Bratz CEO

Toy tycoon submits bid to save Toys ‘R’ Us

Are you heading to ICSC Recon Las Vegas this year? If so, shoot me an email, TLepore@RubiconRep.com, and let’s sit down!

Below are a few articles that I found interesting this week both locally and on a national scale. 

Local:

Developer buys up properties on downtown Dallas’ east side

Parkland Hospital Sale Not Completed

Part Of Henderson Avenue Gets Approved For Commercial Rezoning

6 Projects That Transformed Dallas Into A Global Powerhouse Over The Last 10 Years

Y’all Come Back Now: Texas Hospitality Sector Taking Off

Apartment project kicks off near Dallas’ Galleria

Downtown Dallas’ 113-year-old Purse Building getting modern office makeover with rooftop deck FILED UNDER

Developers spent more than $27 billion on D-FW apartments FILED UNDER

Contractor Balfour Beatty is keeping its HQ in Uptown Dallas

Apartment project kicks off near Dallas’ Galleria

 

National:

The amount of retail space closing in 2018 is on pace to break a record

You can now buy drinks, snacks and even hangover cures in the back of your Uber

15 It’s the end for Bon-Ton Stores, the parent company of Boston Store, Younkers

Target’s Drive Up service is now available at 270 stores

Big Lots CEO steps down

Starbucks enters its 77th global market

Hockey retailer expands footprint

Former rivals Amazon and Best Buy join forces to sell smart TVs

Starbucks to close all company-owned stores on the afternoon of May 29 for racial-bias education day

 

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Rubicon Representation, LLC and Tim Lepore are not affiliated with these organizations.

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Weekend Recap April 13

As you can see below, there is a lot happening in the Retail sector this week and this year. Big box retail is being re-tenanted and a lot of cool projects are coming about from this. The DFW market is still on fire and Collin County sees no signs of stopping. Downtown Dallas is getting a recurrent face-lift and I believe this will continue. We find ourselves in an exciting time in Texas while the market remains strong. With interest rates starting to tick up, I believe there is only so much time CAP rates can remain at this historic low.

Are you heading to ICSC Recon Las Vegas this year? If so, shoot me an email, TLepore@RubiconRep.com, and let’s sit down to discuss where you see the market trending and how we can achieve your goals before the correction comes!

Below are a few articles that I found interesting this week both locally and on a national scale. 

Local:

Walmart Investing $277 Million into Texas Stores

Downtown Dallas park projects will create green space three times larger than Klyde Warren

Samsung moving 1,000 jobs to Legacy Central, Plano’s newest hot corner

Billionaire Michael Dell is now the biggest landlord on Dallas’ popular Knox Street

Landmark downtown Dallas garage and retail building changes hands

Why Lower Greenville may not fill in that giant blank space left by Walmart until 2032

With ‘Edgy’ New Project, Cawley Partners Sees A Window Of Opportunity In Plano

Target tests new program in Dallas-Fort Worth that gives shoppers rewards without a credit card

Frisco’s Wade Park set for foreclosure again in May

National:

Why Big-Box Retailers Target And Kohl’s Are Going Small

16 Sears stores are being auctioned online

Best Buy to open first new U.S. store in seven years

CVS pharmacists will have new tools to help patients save money on drugs

Why Aldi Is Joining Karstadt: Marrying Food And Retail Could Be What Saves Department Stores

Physical Retail Is Not Dead: Boring Retail Is

Nine West files for bankruptcy; to sell namesake brand

Nordstrom just opened a store only for men. Here’s what it looks like inside

Simon unveils plans to fill five vacated Sears stores

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Rubicon Representation, LLC and Tim Lepore are not affiliated with these organizations.

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Friday Feels April 6

Today marks the end of my first week with Rubicon Representation in Dallas, TX.  I was brought on to spearhead the new Retail Investment Sales Team and piggyback off the momentum my colleagues already have going. I am very excited about the transition over here and look forward to hitting the ground running! Click to the “What I’m Working On” tab to view more on our firm.

Below are a few articles that I found interesting this week both locally and on a national scale. 

Local:

Building Alert: $61M Addition Coming To Medical City Plano

McKinney Feeling The Power With A Corporate Relocation

Plano ranks #1 in Texas Best Place to Find a Job

Plano’s Legacy area is on track to match downtown Dallas in office employment

National:

Which Retailers Will Take Over Toys”R”Us Stores?

Amazon Key expands nationwide—and gets more locks

The Owner Journey Is Just As Important As The Shopper Journey In Retail

Kroger to open second restaurant location

Amazon may reportedly rival Walmart with bid to buy India’s Flipkart

Kohl’s Teams With Aldi, Nordstrom Adds Anthropologie Home: Are Retailers Becoming Mini Malls?

Whole Foods just hinted at giving Prime members a 10% discount

Walmart opens first small high-tech supermarket in China

Report: Mall vacancy rate is highest in six years

Retailer on the hunt for a CFO

Meal kit company Sun Basket bought a cave, and it’s helping them beat Blue Apron

Is Retailmageddon Impacting Shopping Centers?

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Rubicon Representation, LLC and Tim Lepore are not affiliated with these organizations.

Friday Feels March 16

The looming Toys “R” Us D-day is upon us. If you read my previous post, my thought process has changed drastically. Big box retail is an interesting market these days and we are seeing a drastic shift in the overall approach to these spaces throughout the country.

Toys R Us Is Planning to Liquidate Its US Operations

These companies will be the biggest winners when Toys R Us closes its stores

Toys R Us preparing for liquidation, sources say

Toys R Us Prepares for Its Final Curtain

Report: Toys ‘R’ Us will sell or close all U.S. stores, according to CEO

It’s official: Toys ‘R’ Us files liquidation plan—but some stores could stay open

Below are a few articles that I found interesting this week both locally and on a national scale:

Why The Toyota Music Factory Can Never Be Replicated

Construction starts on Deep Ellum apartment tower on the edge of downtown Dallas

LA and D-FW are at the top of investors’ property beauty list FILED UNDER

Blue Apron is heading to the grocery store as customer retention remains elusive

Shopping center occupancy, NOI up in 2017

McKinney And Cole Avenues To Become Two-Way Streets Once Again

Mall owner to acquire four Sears stores

One More Corporate Relo For The Burbs

CRE Opinion: The Impact of Blockchain Technology on Real Estate

Aldi And Kohl’s: Strange Bedfellows Or A New Era Of Retail Partnerships?

Ross to open 100 stores in 2018

Tween/teen accessories retailer reportedly close to filing Chapter 11

Kroger’s $400M offer gets rejected, what’s next?

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Marcus & Millichap and Tim Lepore are not affiliated with these organizations.

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Friday Feels March 9

The Amazon effect is back in full swing this week. After Jeff Bezos was announced as the richest man in the world earlier this week, things are again on the upswing for Amazon.

Amazon Checking could be the new craze: “Love online shopping but don’t have a bank account? Amazon hopes it can fix the problem. The e-tailing giant is in talks with banks to create a financial product akin to a checking account to serve its customers, according to the Wall Street Journal. Doing so would give data-hungry Amazon access to new information about people’s shopping habits and enable the company to cut fees it currently pays to banks and payments processors that handle credit and debit cards transactions.”

MARKETS Next Up for Amazon: Checking Accounts

Amazon may be looking at creating its own checking accounts

The Amazon Effect: What Would Happen to Apartment Rents if Your City is Picked for HQ2?

The evidence is piling up that Amazon will choose Washington, DC, for its HQ2

Below are a few articles that I found interesting this week both locally and on a national scale:

Commercial Real Estate Development Is More Important To Texas Than Any Other State

Report: Foot Locker to close more than 100 stores

2017 Deliveries Total A Jaw-Dropping 8M SF

Construction starts on Deep Ellum apartment tower on the edge of downtown Dallas

D-FW topped Texas in home sales in 2017 with almost a third of the state’s buys

Frisco’s Wade Park project dodges Tuesday foreclosure sale

Atlanta developer will build $350 million Carrollton mixed-use transit project

Libitzky Property Cos. And Sunwest Real Estate Group Bought 200K SF Of Office Space In Plano

Malls and the future of American retail

Abercrombie & Fitch to close 60 more stores

Nordstrom rejects initial takeover offer from Nordstrom family for $50 per share

After A Promising Year, Can J.C. Penney Meet Expectations In 2018?

Walmart pushes its meal-kit business with plans to roll out to 2,000 stores this year

 

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Marcus & Millichap and Tim Lepore are not affiliated with these organizations.

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Friday Feels March 2

While mattress giants such as Mattress Firm close their doors to hundreds of stores, online retailers like Casper are coming in hot. With a cutting edge concept and 15 pop-up locations coming this year, my bet is that Casper will have a location in Knox-Henderson before 2018 comes to a close!

“The direct-to-consumer business, which has been selling its items in Target stores and via its own temporary shops (16 of them), joins a growing list of e-retailers deciding to invest in bricks and mortar to build brand awareness and offer shoppers the opportunity to touch and feel products. Names such as Warby Parker, Allbirds, Away, M.Gemi, Everlane and Birch Box have also established a presence in SoHo within the past year.”

Online mattress start-up Casper just opened its first store. You might want to move in

Casper to open 15 pop-up stores across North America

Mattress-maker Casper plans brick-and-mortar stores

These photos of empty stores show why Mattress Firm could be on the verge of closing hundreds of locations so numerous it spurred a wild conspiracy theory

Below are a few articles that I found interesting this week both locally and on a national scale:

Study: Real estate assets are ‘surprisingly resilient’

Fast-casual sandwich chain growing fast

Best Buy to close all 250 of its smaller, mobile phone stores

JC Penney announces management shakeup and cuts 360 jobs

Starbucks’ Schultz: We’re opening more stores because ‘rents are coming down!’

Amazon’s Ring acquisition to boost its delivery service allowing couriers in your home: Credit Suisse

Redevelopment Continues To Draw Tenants

Two Things Driving Downtown Dallas To The Top And One Thing Pulling It Down

Lowe’s deepens its partnership with Sherwin-Williams in the paint aisle

Allen’s Foundation Is Firmly In Place For Growth

How Albertsons Paves A Path For Amazon To Buy Express Scripts

Walgreens and AmerisourceBergen deal talks have cooled as takeover looks unlikely

Pizza Hut tapped as new NFL sponsor after Papa John’s fallout

Survey reveals No. 1 reason people shop at convenience stores

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Marcus & Millichap and Tim Lepore are not affiliated with these organizations.

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Friday Feels February 23

The biggest news this week stems from the Albertsons/Rite Aid merger. After the Walgreens merger fell through back in September, 2017, this is big news for the grocery giant.

A merger of this size, “The integrated company will operate approximately 4,900 locations, 4,350 pharmacy counters and 320 clinics across 38 states and Washington, D.C., and service more than 40 million customers per week.”, will surely be a game changer for both the pharmacy and grocery industries. This deal is expected to deliver in Q3 or Q4 of 2018.

Albertsons merging with Rite Aid

Grocery chain Albertsons to acquire Rite Aid

Grocery Giant Albertsons To Buy Remaining 2,500 Rite Aid Drugstores

Rite Aid’s PBM Becomes More Attractive Under Albertsons

Developer: Albertsons-Rite Aid deal is good for future of retail

Below are a few articles that I found interesting this week both locally and on a national scale:

DFW Retail Is Alive And Well

https://www.dallasnews.com/business/real-estate/2018/02/22/top-turtle-creek-development-site-eyed-hotel-residential-office-project

Declining Occupancy, Rent Growth Spreading to Top Tier of Best-Located US Retail Properties

Allen Premium Outlets to add H&M and Armani in expansion

Report: Toys ‘R’ Us to close more stores

Foreign investors who pledged millions are worried about Frisco’s Wade Park woes

Former credit union on Dallas’ Ross Avenue to become 300-unit apartment project

8 FAST PIZZA CHAINS THAT ARE TAKING OVER AMERICA

Niche retailer ramps up expansion in 2018

Entertainment Complex Serves Up Tenant Success

Drummer Turned Developer: John Kirtland and the New Cambria Dallas Downtown

Equinix Buying 1.6M SF Infomart Data Center From ASB Real Estate Investments

SkyHouse Breaks Ground At Frisco Station

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Marcus & Millichap and Tim Lepore are not affiliated with these organizations.

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Friday Feels February 16

New York – An improving economy and tax changes should help retail sales increase 3.8 percent to 4.4 percent this year, an industry trade group said Thursday.

The National Retail Federation’s forecast for 2018 comes after retailers saw the biggest sales increase since 2010 over the recent holiday period.

Low unemployment that means more competition for workers, as well as the tax changes, have led several companies to offer bonuses or raise wages. Retailers like Walmart, Best Buy and Lowe’s have done that so far, and more details about how retailers will use their tax savings may come as they report fourth-quarter results.

Retail group: Annual retail sales to rise 3.8 to 4.4%

Below are a few articles that I found interesting this week:

Can Amazon Take Dallas To The Big Leagues?

Fehmi Karahan on the Next Legacy West

The Future of Shopping Centers

New apartment tower will be Frisco’s tallest building

Warby Parker to have nearly 100 stores open by year-end

Hillwood Opens Master-Planned Community in Celina

UnitedHealth, Walgreens Partner To Put Urgent Care Next To Pharmacies

JC Penney to close Wisconsin facility, eliminating 670 jobs

H-E-B is bringing curbside pickup to Central Markets in Dallas-Fort Worth and across Texas FILED UNDER

Denton to Become America’s Largest ‘Green Power’ City

Amazon reportedly launching a delivery service for businesses; FedEx, UPS shares slide

Is Fort Worth ready to shell out $250 million to rechannel the Trinity River for an 800-acre island?

 

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Marcus & Millichap and Tim Lepore are not affiliated with these organizations.

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Friday Feels February 9

“January was the 88th consecutive month of job gains with over 200,000 jobs created. Unemployment remained at 4.1%, the lowest since 1999.”

As employment rates go up and wages continue to rise, we are seeing more capital going back into the retail sector, especially here in DFW. As investors, we like to see more money being spent as this will increase our tenants sales, our rents, and ultimately bring a higher sale price when the time comes.

Our clients are asking, are shorter term leases better because of this? Is now the time to sell? Should we restructure and hold? Give me a call and I will walk you through what we think the short-term holds for investors!

See the article below written by the Marcus & Millichap research team for a more detailed look into how rising wages will affect Commercial Real Estate Demand:

Rising Wages Set the Stage for Economic Acceleration, Expanding Commercial Real Estate Demand

Employment Research Brief- PDF

Below are a few articles that I found interesting this week:

Retail jobs up by 11,000 in January

Kale to Go: Amazon to Roll Out Delivery at Whole Foods

Retail Industry Expects More Sales Growth In 2018

Dunkin’ Brands has big expansion plans

Shopping center rents, income and occupancy rose in 2017

Dallas-area developers are waiting for Amazon to call

Growth Leads To Yet Another Development

Kroger to sell convenience store business in $2.15 billion deal

A Once Controversial Development Gets Another Chance in Plano

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Marcus & Millichap and Tim Lepore are not affiliated with these organizations.

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Friday Feels February 2

As January comes to a close, we have seen a solid run for retail thus far in 2018. DFW is off to an incredibly hot start this year with a ton of expansion either under development or with Texas Sized plans to get underway!

Below are a few articles that I found interesting this week:

Retail REITs turn in solid performance, report shows

Dallas is best place for Amazon’s second headquarters, Wall Street Journal says

Riverfront project in the works would link downtown Dallas, Uptown to the Trinity River

How DFW’s $23B construction pipeline is geared up for further growth in 2018

Dallas Metro Leads Country in New Apartments

Dallas Terminal Renderings, Maps Released in Bullet Train Project

Scheels to join NFM in The Colony

Chipotle’s brand perception is worse than during the 2015 food-safety crisis

H&M’s Store Closure Plan Raises Doubts on Sales Revival

Keurig Green Mountain is merging with Dr. Pepper Snapple

Hospital Mergers Jump 13% As CVS And Optum Enter Their Markets

Report: Nine West close to filing for bankruptcy

Casey’s explores buying Kroger convenience stores valued at $2 billion amid pressure from activists

7-Eleven completes purchase of 1,030 Sunoco stores after FTC review excludes 59 FILED UNDER

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Marcus & Millichap and Tim Lepore are not affiliated with these organizations.

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Friday Feels January 26

Toys “R” Us, a gloomy day indeed.

A lot of childhood memories come from Toys “R” Us, from running through the aisles pretending I was on “Nickelodeon Super Toy Run” to just going to look at bicycles. While these store closings are not surprising following their filing for Chapter 11 bankruptcy back in September, they are for the best. The toy giant is set to close 180 more stores following their closure of the iconic Times Square location back in 2015. 180 stores is about 20% of their locations, with 1,600 total today. Q3 sales fell by 7% in the US and they realized a net loss of over $862 million in the first 9 months of 2017.

My personal opinion, these closings will help Toys “R” Us bounce back, maybe not to where they were but progress forwards nonetheless. While big box retail as a whole is down due to online shopping, there is nothing like the feeling as a child going to pick out a special toy for your birthday in person.

Below are a few articles that I found interesting this week:

Toys R Us to Close 182 Stores Across the US

Toy R Us Exiling 6 DFW Stores To The Isle Of Lost Toys (DFW Specific)

TEXAS (From link above)

  • West El Paso: 801 Mesa Hills Dr.
  • Katy: 9730 Katy Freeway
  • Allen: 170 E. Stacy Road
  • Irving: 7730 N. MacArthur Blvd
  • Lewisville: 420 E. Round Grove Rd
  • Dallas: Galleria 13710 Dallas Parkway
  • Hurst: 1309 W. Pipeline Rd
  • Hulen: 5800 Overton Ridge Blvd

Walmart is building a Tinder for grocery shopping — and it could solve one of shoppers’ top complaints

Alibaba, US grocer Kroger had early business development talks: Source

Choosing The Right Property Is About More Than Location In Today’s Retail Climate

Growing Boeing Snaps Up More Space At Legacy West

Amazon Go market’s public opening: Long lines in, but getting out is fast

6 Reasons An Amazon-Target Merger Could Be Bad For Shoppers

QIC closes on third mall in 10-mall deal

Bank HQ To Be Tallest In McKinney

Overstock Climbs on Report That Kroger Might Be Eyeing Deal

Dallas Cowboys owner Jerry Jones’ real estate company has plans for a new project in Irving

Kohl’s shares could pop 50 percent as Amazon partnership ramps up

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Marcus & Millichap and Tim Lepore are not affiliated with these organizations.

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Friday Feels January 18

Amazon Effect part 15… This past week every city/state/province has been talking about the Amazon 20 and where HQ2 will end up. Everyone’s views differ on this subject but here are mine:

Being from Boston and having lived in Manhattan for a few years, I think that NY, NJ, MA are all terrible decisions for different reasons. I understand the logic behind them, however, all 3 are far too overpopulated, the 4 airports (6 if you include CT and RI) between them cannot handle the amount of foot traffic that Amazon will bring/need, and beside the MTA, the other public transits are simply not reliable enough to handle 50k more people.

I won’t bore you with full explanations on why I believe or don’t believe in each location ,but my top 3 in no particular order are:

Dallas, Miami, and Washington D.C.

Dallas-

Pros: 2 airports (1 international); close proximity to Mexico and middle of the country to get anywhere in the US within 5 hours flying time; shipping ports 4-6 hours South; have enough land to build and house all new employees/HQ buildings; have enough people to likely fill the 50k jobs being brought; great proximity to many Corporate HQs in DFW; Trinity River Park

Cons: DART is not reliable and does not reach a large enough target; not far enough East that it would make complete sense; location would likely be Victory Park or Las Colinas which are both not exactly the location Amazon is seeking

Miami-

Pros: Booming city; International airport and large shipping hub; easy flights to East Coast, Islands, and Europe; have enough land/redevelopment that they could easily accomodate

Cons: Metrorail (don’t know too much about it); Hurricanes/Natural Disasters are a large worry down here; Cost of living is high downtown

Washington D.C.-

Pros: 2 large airports and many others close by; great proximity to many Corporate HQs in Alexandria; East Coast access; M-Metro

Cons: Building heights due to the height restriction laws; shipping ports (Potomac is a pain); not much area to build downtown.

 

Below are a few articles that I found interesting this week:

Breaking News: Amazon Narrows HQ2 Search to 20 Markets

Japanese retailer to enter the United States

Kroger is said to consider buying online wholesaler Boxed for up to $500 million

Amazon to pop 23% this year to near $800 billion value on new advertising venture, analyst says

The Energizer Bunny Is Buying Rayovac in a $2 Billion Deal

Why the death of retail jobs may be greatly exaggerated

DFW Retail Occupancy in 2017 Was Second-Highest in 30-plus Years, Weitzman Report Says

Apple is now free to bring home its overseas cash — here’s what it might do with it

‘Entire aisles are empty’: Whole Foods employees reveal why stores are facing a crisis of food shortages

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Marcus & Millichap and Tim Lepore are not affiliated with these organizations.

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Friday Feels January 12

What is the future of retail? Is it dying? Is it prospering? Many of the articles we read (especially this week) point towards brick and mortar stores going out of business. Walmart abruptly closing 63 stores on Thursday makes a strong case for this theory.

My personal opinion is that retail is here to stay. While shopping malls may not be flourishing, smaller strip centers are popping up all over. Big box shadow anchors are exceeding expectations and national credit is not shying away from the Collin and Dallas county push.

Below are a few articles that I found interesting this week:

Walmart is abruptly closing 63 Sam’s Club stores and laying off thousands of workers

Future Of Malls? The Price For Overbuilding Is Coming Due

22% Of Amazon Echo And Google Home Owners Shop By Voice; Sales Doubled In 2017

Lower Greenville Restaurant Fights Back Against Post-Construction Slump

Maxus Realty Trust Buys Large Portion of Frisco Square

Former Walmart.com CEO says Walmart store closures are a good sign for e-commerce

Quiksilver parent company to buy Australia’s Billabong for about $155 million

Neiman Marcus Names Geoffroy van Raemdonck Chief Executive

What’s Amazon’s Next Acquisition Target? Retail Experts Share Their Picks

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Marcus & Millichap and Tim Lepore are not affiliated with these organizations.

Friday Feels January 5

2017 was a huge year for Retail in DFW and Texas as a whole. We saw CAP rates start to level out for the first time in 18 months as interest rates began to tick upwards. 2018 will surely bring a lot of change. I am excited to see what is in store for the Retail market here in North Texas.

Below are a few articles that I found interesting this week:

Village At Allen To Sell To New York Investor

What To Watch in Dallas-Fort Worth Real Estate in 2018

Top Shopping Trends Of 2018

2018 Retail Market Outlook: Correcting the ‘Apocalypse’ Narrative

The 10 Biggest Real Estate Stories of 2017

Frisco Council Approves ‘Green’ Community

Report: Walmart in early stage of developing new store format—and that’s not all

The Germans Are Escalating America’s Grocery Price War

Here’s a map of where Sears’ and Macy’s stores are going dark

Sixty-nine Gander Mountain stores to reopen under new banner

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Marcus & Millichap and Tim Lepore are not affiliated with these organizations.