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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