Oakland’s Retail Submarkets’ Stability Reflects Uncommon History

Several Oakland retail submarkets are well on their way to recovery from the coronavirus pandemic based on a Q4 2020 report from John Cumbelich & Associates and past trends. Following drops in performance in 2020, occupancy levels in the Grand Lake and Rockridge submarkets increased last quarter and both experienced positive net absorption. Occupancy levels …

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Discounter To Open 3,000 Rural Dollar Tree-Family Dollar Hybrid Stores

Another one of the select few retailers to see positive momentum during the coronavirus pandemic is doubling down on its growth. Dollar Tree announced on its year-end earnings call that it plans to open 3,000 locations of a new hybrid concept store specifically designed for rural communities of 4,000 people or fewer, Retail Dive reports. The stores …

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What To Do With Shopping Centres? SoftBank-Backed REEF’s Answer Makes Its London Debut

REEF, the Miami-based urban animation business, will debut in the UK shopping centre sector after a deal with Capital & Regional.  Urban farms, neighbourhood kitchens, last-mile logistics and the latest electric scooters are all being considered for underused sites. Capital & Regional has signed a new agreement with REEF Technology that will see underutilised car parks …

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Seaport’s 44K SF Luxury Cinema Closes Permanently

The movie theater industry’s struggles have reached Boston’s upscale Seaport District. The ShowPlace ICON Theatre at WS Development’s 60 Seaport Blvd. has closed permanently. It had been closed since September and hadn’t reopened despite subsequent city guidelines allowing theaters to reopen at limited capacity. The Kerasotes ShowPlace ICON Theatres brand now counts just six other locations nationwide. “While we did …

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CoStar To Look At New Sectors For Next Acquisitions After Failed Deals, FTC Scrutiny

CoStar Group has become a $32B commercial real estate data giant in large part through acquisitions, but that strategy has started to hit some obstacles.   Over the last three months, CoStar has had two rare examples of high-profile acquisition pursuits falling through. One of the deals, its agreed-upon acquisition of RentPath, was blocked by a …

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With The Pandemic Almost In The Rearview Mirror, Montgomery County Focuses On Growth And Housing

Last May, when some areas of Maryland began to relax coronavirus restrictions, the state’s most populous county remained vigilant. Now, as more than 194,000 Montgomery County residents have received their first dose of the Covid-19 vaccine, things are looking up. Residents have a lot to look forward to, from the county forging ahead with its Thrive …

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In Case You Missed It: Top Stories In Montgomery County

1. EYA, Bozzuto and the Housing Opportunities Commission of Montgomery County break ground on a 268-unit apartment building near the Shady Grove Metro station. 2. Despite apartment rents in D.C. dropping dramatically, developers aren’t backing down from adding new supply. 3. Dr. Travis Gayles, Montgomery County’s health officer, says that the county might lift some restrictions on …

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