Category Archives: News

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Some hotels could see faster recovery

Hotels experienced a sharp and sudden downturn last year amid the pandemic, but there is reason to be optimistic about a rebound, experts say. CBRE says that a full recovery might not come until 2025, but certain properties—including resorts in drive-to …

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Retailers see growth potential in partnerships

Some retailers are exploring opportunities to collaborate in the belief that together their names will be a bigger customer draw. Dover Street Market plans to open pop-up boutiques in three Nordstrom stores, while Barneys at Saks is now a feature …

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H-E-B plans first 2 Dallas-Fort Worth stores

H.E. Butt Grocery will enter the Dallas-Fort Worth market with two new stores in Plano and Frisco, both set to open in fall 2022. H-E-B has operated its Central Market banner in the Dallas area since 2001, and the new …

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Grocery Outlet moves further toward the East Coast

California-based discount retailer Grocery Outlet is expanding toward the East Coast, with a new Pennsylvania store that opened late last month and another store there opening in April. Grocery Outlet said it has plans to open up to five new …

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Buddy’s to grow Detroit-style pizza beyond Michigan

Michigan-based pizza chain Buddy’s is widely credited as the inventor of the Detroit-style pizza and it’s launching online sales shortly after Pizza Hut began promoting its own version of the rectangular pies. Buddy’s has teamed with Goldbelly to sell frozen …

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North Carolina franchisee buys 54 Wendy’s from NPC International

Existing franchisee Delight Restaurant Group has acquired 54 additional Wendy’s restaurants in the Raleigh, North Carolina, metropolitan area as part of the NPC International bankruptcy deal. Read the Nation’s Restaurant News story here

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$143M project at Arizona casino will add hotel tower

A 150-foot hotel tower set to open in the fall will add 205 guest rooms to Wild Horse Pass Hotel & Casino on the Gila River Indian Community land near Chandler, Arizona. The $143 million construction project also will feature …

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98-story tower will house Waldorf Astoria Miami

Rising 1,049 feet and 98 stories into the south Florida sky, the new Waldorf Astoria Miami will become Miami’s first supertall tower and the tallest tower south of Manhattan. Read the Building Design + Construction story here

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Brandywine Realty to develop mixed-use project at University of Maryland

Brandywine Realty Trust has been tapped to develop a mixed-use project within the University of Maryland‘s Discovery District. The 5-acre development will cost at least $300 million and consist of office, retail and residential units. Read the Commercial Property Executive …

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$320B in distressed assets could reach market in coming years

CoStar expects that about $320 billion in distressed assets could reach the market during the next five years, with about $28 billion in retail assets hitting the market this year and next. So far, the number of distressed properties on …

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