Maternity fashion retailer A Pea in the Pod has teamed with retail operator Leap to open two stores in Chicago and New York City, after new owner Marquee Brands closed the brand’s more than 500 stores nearly two years ago to focus on digital sales, according to Women’s Wear Daily. Marquee’s other holdings include Martha Stewart, BCBG Max Azria and Bruno Magli.
California-based San Manuel Band of Mission Indians has become the first Native American tribe to own and operate a casino resort in Las Vegas. The Nevada Gaming Commission unanimously voted to grant a license to the buyer of the off-Strip Palms property, which was owned by Red Rock Resorts, for $650 million. Las Vegas Review-Journal
A parking lot in the heart of downtown Austin is being transformed into a 17-story luxury hotel. The project at Colorado and Seventh streets has broken ground and is expected to open in 2023 as a 344-room citizenM hotel. Austin American-Statesman
A new 8000+ square foot Mellow Mushroom restaurant in Virginia Beach will anchor a renovated 214 room hotel—the Sheraton Virginia Beach Oceanfront—creating a new focal point for dining, tourism, and economic development in the area. Opening Spring 2022, and commanding the corner of Atlantic Avenue and 35th Street, the restaurant will celebrate the musical history of the city and will be a landmark for residents and visitors. (more…)
With more than 90 million square feet of mall space to fill, landlords are using a variety of strategies as they reimagine the properties. CBL Properties has added casinos at certain Pennsylvania malls, and PREIT has forged deals with tenants in which it takes a percentage of sales instead of a fixed amount. Bloomberg