Author Archives: Mike Pallerino

Giant Foods to anchor new Philadelphia shopping center

Giant Food Stores will anchor a proposed mixed-use property in Philadelphia being developed by Tower Investments. The new store is part of the grocer’s expansion in the Philadelphia area. Read The Business Journals story here

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Expansion plans move forward at Island Resort in Harris, Michigan

Work to expand the Island Resort & Casino in Harris, Michigan is expected to start in June with completion set for 2021 after the Hannahville Indian Community Tribal Council approved the project. The $30 million expansion will feature a pool …

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Home2 Suites makes debut on Amelia Island, Florida

After more than two years of construction, a South Carolina hotel franchise announced the opening of a new extend-stay hotel earlier this month on Amelia Island. Read The Business Journals story here

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Albertsons closing 5 Randalls in Houston

Five Randalls grocery stores in Houston are closing, parent company Albertsons announced, leaving 17 stores in the area, down from 51 in 2005. Albertsons purchased Randalls and Safeway in 2015. Read the Progressive Grocer story here

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Australia’s Guzman Y Gomez picks Illinois for first US eatery

Mexican fast-casual concept Guzman Y Gomez is set to open its first US location, bringing the Australian chain’s total units to 135. This Chicago-area unit will bring the brand back to its founder’s home country. Read the Nation’s Restaurant News …

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Boscov’s to open 49th store in 2020

Privately owned specialty department store Boscov’s will open its 49th store this year, in a former Sears space in Niles, Ohio. Diverse departments, deep product assortments and a focus on customer service are winning shoppers and keeping the retailer in …

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Gap puts the brakes on Old Navy spinoff plans

Gap has dropped plans to spin off its Old Navy banner into a separate publicly-traded company, the retailer said, citing the expense and other difficulties that would be involved. Sales at Old Navy have softened since Gap first proposed the …

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Mexico is Walmart’s biggest international market

Walmart rolled out 134 new locations in Mexico last year, making it the retailer’s biggest market outside the US with 3,407 stores. Most of the new stores were in the Bodega Aurrera division, a collection of small-format, low-priced stores that …

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Technology drives innovation in the construction industry

Construction technology is undoubtedly one of the most exciting pockets of innovation in today’s economy. Funding in US-based construction technology startups surged by 324 percent to nearly $3.1 billion in 2018, compared with $731 million in 2017, according to Crunchbase …

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Doctors play a growing role in Walgreens’ growth plans

Partnering with physicians who have offices in or near its stores is a key part of Walgreens Boots Alliance‘s growth strategy. Walgreens has teamed with health insurance provider Humana and primary care clinic startup VillageMD to experiment with new physician …

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