Month: May 2021

Why One Of London’s Biggest Real Estate Firms Is Playing Banker And Investor To Its Tenants

Grosvenor, the Duke of Westminster’s property company, has completed its fifth deal to provide capital to help its tenants expand, as the 300-year-old company looks to innovate and diversify its operations.  The company has completed a deal to provide finance to British fashion-design house Roland Mouret, one of its tenants in a store on Mount …

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D.C. Area’s First Amazon Fresh Grocery Store Opens In Northern Virginia

Amazon has opened the first location of its grocery store concept in the D.C. area, with several more in the works.  Customers lined up as early as 4 a.m. Thursday for the opening of the Amazon Fresh store in Franconia, Virginia, NBC Washington reported.  The 30K SF store features a selection of grocery items and prepared foods, …

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D.C. Area’s First Amazon Fresh Grocery Store Opens In Northern Virginia

Amazon has opened the first location of its grocery store concept in the D.C. area, with several more in the works.  Customers lined up as early as 4 a.m. Thursday for the opening of the Amazon Fresh store in Franconia, Virginia, NBC Washington reported.  The 30K SF store features a selection of grocery items and prepared foods, …

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Urban Outfitters Closes Its 14th Street Location In Manhattan After 2 Decades

Hip clothing chain Urban Outfitters has closed its 14th Street location in Manhattan amid a turbulent time for New York City retail.  The storefront at Mosbacher Properties Group’s 526 Sixth Ave. — located at the border of tony neighborhoods Chelsea and the West Village — recently shut down after more than 20 years, The Real Deal reported …

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Hiring Woes Mean Restaurants Have A Long Road To Travel Before Full Recovery

Restaurants are already on the way back, and as conventions return and coronavirus restrictions ease even further, by the end of this summer business could be booming. But even though many landlords can look forward to soon collecting full rental payments from restaurants, the industry is still under threat. The shutdown of indoor dining left a …

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For Class-B Malls, The Future’s Uncertain And The End Is Always Near

Now that the worst of the coronavirus pandemic appears to be over, U.S. Class-B and lower malls are finding their new normal as well, which happens to be much the same as before. More closures, significant erosions in value and new owners looking for the best ways to redevelop the sites, which don’t necessarily include retail uses, mark …

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DCHA Executive Director Tyrone Garrett To Leave Agency

The D.C. Housing Authority, the independent agency behind D.C.’s 8,000-unit public housing portfolio, is in search of a new leader.  The Washington City Paper reported Monday that the agency’s Board of Commissioners notified DCHA Executive Director Tyrone Garrett last week that his contract wouldn’t be renewed. In a press release Tuesday morning, Garrett announced he won’t seek an …

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Tishman Speyer Buys Mazza Gallerie Mall For $52M, Plans Redevelopment

A shopping mall in Northwest D.C.’s Friendship Heights neighborhood is set to be redeveloped after selling at a foreclosure auction last year.  Tishman Speyer announced Tuesday it acquired the Mazza Gallerie mall at 5300 Wisconsin Ave. and plans to redevelop it with apartments and retail.  The developer bought the mall for $52M, according to a …

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