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Breaking Retail Real Estate News
  • Grocery Industry to Change Look of Retail Real Estate
    (cpexecutive.com - 5/21/2019)
  • CBRE makes several predictions in the report, including a positive outlook for the grocery industry. The firm foresees steady dependable growth for the next five years, even in the face of an anticipated economic downturn in late 2020.   (full story)

  • MOD Pizza Raises Another $160M
    (restaurantbusinessonline.com - 5/21/2019)
  • The equity injection, which brings the Seattle-based company’s total fundraising to $339 million, will help the chain grow to about 1,000 locations over the next five years—more than double its current size of 433 locations.   (full story)

  • Monro Will Consolidate Retail Brands
    (moderntiredealer.com - 5/21/2019)
  • As Monro Inc. continues to refresh the look of its 1,000-plus stores, the company also plans to streamline its retail operations and focus on five “regional power brands,” rather than the nine different nameplates it operates currently.   (full story)

  • Tire Pros Launches Seven New Locations
    (tirereview.com - 5/21/2019)
  • Tire Pros, a subsidiary of American Tire Distributors has launched seven new store locations to its family of over 600 locations.   (full story)

  • Israeli burger chain may soon outnumber In-N-Out locations in the Bay Area
    (sfgate.com - 5/20/2019)
  • The fast-casual restaurant chain aims to build 26 locations across the Bay Area — that's a dozen more than the number of existing In-N-Out's in the region.   (full story)

  • Steakhouse chain opens first Dayton-area location
    (bizjournals.com - 5/20/2019)
  • Black Rock operates a location in Toledo, along with 10 other locations in Michigan, Illinois, and Florida, with four additional locations opening soon, including its first Maryland location.   (full story)

  • Mountain Mike’s Pizza Continues California Expansion
    (qsrmagazine.com - 5/20/2019)
  • With 17 locations opened in 2018 and more than 20 slated for 2019, Mountain Mike’s is actively seeking area development and franchisee candidates to grow with the brand.   (full story)

  • When landlords are liable for their renters’ personal injuries
    (cozy.co - 5/20/2019)
  • Learn why renters can file personal injury claims against their landlord.   (full story)

  • Good food is bringing people to the mall. And they’re spending more money when they get there
    (cnbc.com - 5/20/2019)
  • Transactions increase as much as 25% at malls with quality food-and-beverage options, JLL said, and shoppers who eat at the mall are spending up to 15% more per trip.   (full story)

  • Dressbarn closings all of its 650 stores after decades in business
    (nj.com - 5/20/2019)
  • Dressbarn is going out of business and plans to close all of its approximately 650 stores, the women’s retail chain said Monday...   (full story)

  • Giant Food Stores adds to Pennsylvania expansion
    (supermarketnews.com - 5/20/2019)
  • Continuing a growth spurt in its retail network, Giant Food Stores plans to acquire Ferguson & Hassler (F&H), an independent grocer in southeastern Pennsylvania...   (full story)

  • This Is What Happens When Retailer Asks Landlord for a Rent Reduction
    (wolfstreet.com - 5/19/2019)
  • The practice of renegotiating rent is older than selling Thanksgiving turkeys as loss leaders, but there is a relatively new, ugly wrinkle to the game.   (full story)

  • I Heart Mac & Cheese Signs Four Store Texas Franchise Development Agreement With Fidelity Enterprise
    (franchising.com - 5/17/2019)
  • I Heart Mac & Cheese ... today announced it will enter the Texas market, signing a four store development agreement with Fidelity Enterprises LLC. The first of two College Station locations is expected to open this August, followed by Waco, and Lubbock which are all planning Q1 2020 openings. The same group is expected to develop an additional 20 locations throughout Texas.   (full story)

  • Fred’s reportedly closing more than 100 stores across the US
    (foxbusiness.com - 5/17/2019)
  • The decision – which will affect 104 locations in states such as Mississippi, Georgia and Tennessee. Last month, the retailer decided to close 159 of their locations, USA Today reported.   (full story)

  • Boot Barn’s Comps Climb 10 Percent In Q4
    (sgbonline.com - 5/17/2019)
  • The company added 17 stores during the year, including 12 new stores and 5 acquired stores. For the fiscal year ending March 28, 2020 the company expects to open or acquire 25 stores.   (full story)

  • Business acquires Shopko Optical, stores turned into freestanding locations
    (nbc26.com - 5/17/2019)
  • Monarch Alternative Capital LP announced Thursday it has successfully acquired Shopko Optical, saving it from closing down along with Shopko retail stores. Nearly 80 Shopko Optical locations inside current Shopko stores will become freestanding locations, the company says.   (full story)

  • Lidl To Open 25 East Coast Stores By Next Spring; Closing Two In NC
    (theshelbyreport.com - 5/17/2019)
  • As part of its ongoing expansion along the East Coast, Lidl US announced May 17 its plans to open 25 new stores in Maryland, New Jersey, New York, North Carolina, Pennsylvania, South Carolina and Virginia by spring of 2020.   (full story)

  • Buffalo Wild Wings Unveils Innovative New Restaurant Look
    (franchising.com - 5/17/2019)
  • As part of the return to its roots as THE Great American Sports Bar, Buffalo Wild Wings is rolling out an innovative new restaurant design that provides guests a unique and immersive experience to hang out, watch games, and create memories with friends.   (full story)

  • Children's Place plans to close up to 45 stores and relaunch Gymboree brand
    (usatoday.com - 5/17/2019)
  • As part of a multiyear plan to close 300 stores by 2020, the New Jersey-based retailer announced this week it plans on closing another 40 to 45 stores in 2019.   (full story)

  • Paris Baguette Announces Six New Store Locations In New York City
    (franchising.com - 5/17/2019)
  • Paris Baguette, an internationally renowned premium bakery-café specializing in delightful bread, pastries and cakes, announced six new location openings across New York City, adding to its roster of over 77 store locations for the global brand in the U.S.   (full story)

  • Burberry to shut 1 in 10 stores worldwide to elevate brand
    (retailgazette.co.uk - 5/17/2019)
  • The British luxury retailer has not yet named any of the store locations due for closure, but said that out of the 38 stores earmarked for closure, five have already shut in Brazil and Spain.   (full story)

  • Del Frisco's to cut up to 15% of administrative workforce
    (restaurantdive.com - 5/17/2019)
  • It plans to grow bartaco from 19 to 30 locations by 2020, targeting 300 units nationwide in the long term. It also aims to open three Barcelona Wine Bars for this year.   (full story)

  • FFO consolidating Louisville Mattress & More locations into FFO Home
    (furnituretoday.com - 5/17/2019)
  • Its aggressive expansion is continuing this year with plans for new stores in markets including Owensboro, Ky.; Ardmore, Okla.; Killeen and Denton, Texas; Pittsburg, Kan.; and Rogers, Ark.   (full story)

  • Virginia Tire & Auto Is Adding 4 Stores in 2019
    (moderntiredealer.com - 5/17/2019)
  • Virginia Tire & Auto LLC has opened two stores so far in 2019 with two more stores on the way. Along with adding its first outlet outside of Northern Virginia, the company has hired its first chief financial officer.   (full story)

  • Parker’s Setting Up Shop in Charleston, S.C., and Beyond
    (cspdailynews.com - 5/17/2019)
  • Parker’s is investing $50 million in the Charleston, S.C., market to set up nine convenience stores by the end of the year, according to a report by the Post and Courier. Parker hopes to have 35 to 40 locations in the Charleston region within four years and capture 30% of the c-store market.   (full story)

  • Venture X Breaks Ground for New Location in Pleasanton, CA
    (franchising.com - 5/16/2019)
  • Venture X is a member of United Franchise Group, a group of affiliated companies and brands, and has been recognized by Inc. as one of the best co-working spaces in the United States. The brand anticipates having 100 locations sold by the end of ...   (full story)

  • Tire Discounters Opens First Indy Store, Training Center with More Locations to Come
    (tirereview.com - 5/16/2019)
  • Tire Discounters says it will open three locations in the Indianapolis area this spring with stores in Noblesville, Plainfield and Indy. It plans to open two locations in the summer as well, one in Indy and another in Whitestown. Its retail training store is located in Greenwood, Indiana.   (full story)

  • Potbelly aims to more than double franchisee footprint
    (restaurantdive.com - 5/16/2019)
  • Potbelly is preparing to more than double its franchise locations by 2024 as it expands into new markets, the company told Nation's Restaurant News. The restaurant is seeking experienced multi-unit operators in California, Alabama, Georgia, Florida, Colorado, Arizona and Washington State, specifically.   (full story)

  • Innovative Better-Breakfast Franchise Brand Famous Toastery Continues Growth Through ...
    (finance.yahoo.com - 5/16/2019)
  • The 35-unit concept has been expanding its national footprint through successful franchise development strategies--in particular in North and South Carolina--and is continuing to build momentum as it eyes the 40-unit mark by mid-year and 50 by year's end.   (full story)

  • Cardenas Markets Opens New Store in Las Vegas, Unveils New Concept
    (andnowuknow.com - 5/15/2019)
  • This store opening was the first of four new stores planned for 2019, each located in separate regions: Las Vegas, NV; Concord, CA; Tucson, AZ; and Victorville, CA.   (full story)

  • Burger King parent aims for more than 40K stores by 2029
    (restaurantdive.com - 5/15/2019)
  • RBI did not disclose whether or not the new stores will be distributed equally between its brands. Currently, Burger King has more than triple the store count of Tim Hortons at 17,823 locations, and Popeyes has only 3,120 restaurants in its portfolio.   (full story)

  • Big Blue Swim School Partners With Shorewood Development Group For Massive 16-Unit Deal
    (franchising.com - 5/15/2019)
  • Big Blue Swim School, the nation’s leading swim school franchise, is excited to announce a new partnership with Shorewood Development Group to bring 10 new locations to Chicagoland and an additional six locations to the Minneapolis-St. Paul area.   (full story)

  • Snipes Acquires KicksUSA
    (sgbonline.com - 5/15/2019)
  • European lifestyle retailer Snipes has acquired KicksUSA and will transition its brand, signage and operations to 62 existing KicksUSA stores along the East Coast.   (full story)

  • Huey Magoo's to add 4 more locations this year
    (bizjournals.com - 5/15/2019)
  • Huey Magoo's Restaurants LLC plans to double its number of locations by the end of this year with a string of new openings. The Orlando chain, known for its chicken tenders, will open four more stores in ...   (full story)

  • Does Commercial Real Estate Have An Augmented Reality Problem?
    (forbes.com - 5/15/2019)
  • AR is certainly poised to be a significant game changer as a potentially $133 billion market by 2021, so the opportunities will abound for retailers and property owners alike.   (full story)

  • Grocery Outlet Sees Opportunity for 4,800 Stores
    (winsightgrocerybusiness.com - 5/14/2019)
  • In advance of a planned initial public offering, the Emeryville, Calif.-based extreme discounter said it sees the potential to more than double its current 316-store base in states in which it currently operates, and could quadruple its store base to 1,600 locations by expanding to surrounding states.   (full story)

  • Guitar Center Opens First Store Beyond Continental U.S.
    (fohonline.com - 5/14/2019)
  • Guitar Center opened the first retail store outside of the continental U.S., holding a grand opening ceremony May 10. It’s the third of six planned store openings this year.   (full story)

  • Smoothie King Signed 32 Franchise Agreements in First Quarter
    (qsrmagazine.com - 5/14/2019)
  • Smoothie King’s mission of inspiring people to live healthy and active lifestyles continues to translate into franchise development success, as the brand maintained its growth momentum from 2018 and signed a total of 32 franchise agreements—including an area development agreement for 10 committed stores in Phoenix, Tucson and ...   (full story)

  • Taziki's restaurant chain opens 82nd Street spot, plans more Indy eateries
    (ibj.com - 5/14/2019)
  • The fast-casual restaurant chain Taziki’s Mediterranean Café has opened its first Indiana location, at ... Kreger said he hopes eventually to have five Indianapolis-area units: “We’ve already started looking for other locations.”...   (full story)

  • Husband-and-Wife Franchisee Duo ... Prepare To Bring Big Blue Swim School to Salt Lake City
    (franchising.com - 5/14/2019)
  • Leading swim instruction franchise Big Blue Swim School is coming to Salt Lake City this year as part of a three-unit deal signed by husband-and-wife franchisees ...   (full story)

  • Boston-based restaurant chain opening second restaurant in region, teasing more to come
    (bizjournals.com - 5/13/2019)
  • B.Good, a Boston-based burger and healthy food chain, is opening its second restaurant in the Albany region this month ... B.Good CEO Chris Fuqua said the chain is still looking at other locations and is in active discussions with a couple of different spots to open ...   (full story)

  • Rally’s wants to open 10 new restaurants in the Fresno area
    (fresnobee.com - 5/13/2019)
  • Up to 10 new Rally’s Drive-Ins could open in the Fresno area. The fast food restaurant is looking at a broad area – from Merced to Visalia – for new locations over the next four or five years.   (full story)

  • EG Group Buys Certified Oil
    (cstoredecisions.com - 5/13/2019)
  • Blackburn, UK-based EG Group announced today that it has agreed to acquire Certified Oil company’s 69 c-store retail and gas station locations, most in Ohio with a handful in Kentucky and West Virginia.   (full story)

  • Busy Beaver opening new Ohio location
    (hbsdealer.com - 5/13/2019)
  • In addition to the recent opening of Elkins, W.Va. and its upcoming Calcutta opening, Busy Beaver is expanding its footprint into central Pennsylvania with openings planned for Chambersburg and Red Lion, Pa. in the fall.   (full story)

  • In-N-Out Burger wants more Oregon locations
    (bendbulletin.com - 5/11/2019)
  • “That said, our real estate team is active in Oregon as we do hope to add restaurants there in the future.”   (full story)

  • Party City Announces 45 Store Closures For 2019
    (patch.com - 5/10/2019)
  • A Party City spokeswoman said the company has not disclosed a list of store locations but said they will be in various locations across the country.   (full story)

  • Viewpoint: The real estate glut calls for caution
    (supermarketnews.com - 5/10/2019)
  • Besides the current surge of vacant Big Box sites in freestanding, neighborhood and power center locations, shopping center managers are also eager to include supermarkets in their redevelopment of closed department store anchors in regional malls.   (full story)

  • Fastsigns aims at franchise expansion in northeastern US
    (digitalsignagetoday.com - 5/10/2019)
  • Fastsigns International Inc., the franchisor of Fastsigns and provider of digital signage, plans to expand its franchise throughout the northeastern U.S. As part of this strategy, it plans to open centers in downtown ...   (full story)

  • Dayton-based restaurant chain now in eight states
    (bizjournals.com - 5/9/2019)
  • Gray, also a Hot Head executive, told the Dayton Business Journal earlier this year Hot Head currently has approximately five stores under construction, with an additional six deals for new locations pending. Gray estimated Hot Head would open around 10 new locations in 2019.   (full story)

  • The Great Greek Mediterranean Grill Opens Second Location in Florida
    (franchising.com - 5/9/2019)
  • The Great Greek now has six additional locations across the nation. The Port St. Lucie restaurant will mark the seventh location for the brand and the second in Florida. The fast-growing restaurant brand has more than 65 franchise locations in various stages of development. By the end of the year, the fast-casual restaurant concept anticipates opening additional franchise locations in Winter Garden, FL; Troy, MI; Frisco, TX; and Southern California.   (full story)






     

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