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.
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Tim Lepore 