PHILADELPHIA-Levin Management Corp. arranged the acquisition of Morrell Plaza for the firm that shares its name and is part owner of the leasing and management outfit.
Walt Disney Co. isn't letting the economy scare it out of an ambitious plan to revamp an expand its 340 stores, according to The New York Times. The Disney chain will rebrand its stores Imagination Park, making them more of an "experience" than just a shopping trip. "The world does not need another...
Burger King looks like it's trying to do the Starbucks thing. The burger chain is remodeling all 12,000 of its restaurants with a look that "includes rotating red flame chandeliers, brilliant TV-screen menus and industrial-inspired corrugated metal and brick walls," according to an Associated Press article. The...
Most predictions we are seeing out there call for flat or slight negative drop in this year's holiday sales. The National Retail Federation just came out with its prediction, a 1% decrease. The drop might not be as bad as last year, but we still think it's extreme, considering the industry will still...
We've heard both sides of this story. Many retailers, such as Rite Aid, are pursuing, and say they're successful, in getting rent reductions from landlords. But some property owners, like Weingarten, are also saying they refuse to budge on concessions. Now according to one report, landlords are budging...
DALLAS-Steve Pumper of Transwestern speaks with ALM's John Salustri about special servicers and what they are looking for out of operators in the distressed market.