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Retail

Bankers Are Worried About Sky- High Commercial Real Estate Prices

October 12, 2018 |

Janet Yellen recorded the warning a day before stepping down as Federal Reserve chair in February: Commercial real estate prices look strikingly high. Her successor, Jerome Powell, flagged it again a month later.

Analysts at Goldman Sachs Group Inc. tried … Read More

As Retailers Go Dark, Mall Vacancies Reach Highest Level In 7 Years

October 10, 2018 |

In previous real estate cycles, all of the ingredients would have been in place to foster healthy retail absorption and lower vacancies. Not this time around.

Despite the nation’s strong economy, low unemployment levels and high consumer spending and confidence, … Read More

Grand Rapids-based Madcap Coffee to open Detroit shop

October 10, 2018 |

A Grand Rapids coffee company has brewed up plans to open a location in “the heart of Detroit” — but where exactly it isn’t saying.

Madcap Coffee Co. said Tuesday in a news release that it aims to open in … Read More

Aldi is remodeling scores of Florida stores

October 10, 2018 |

Discount grocer Aldi is about halfway through a project to remodel 83 stores in Florida by 2020 at a cost of $115 million.

More than 40 Aldi stores across the state will have been remodeled by the end of October, … Read More

Chicago will get three Amazon Go stores

October 9, 2018 |

Amazon opened another cashierless store on Monday and has plans for a third location in Chicago, according to the Chicago Tribune.

A second store in the Loop opened at 144 S. Clark Street just two blocks from the Chicago Board … Read More

Project with 360 apartments, 120-room hotel planned for east Detroit riverfront

October 9, 2018 |

A $136 million development on the east Detroit riverfront would bring 360 apartments and a 120-room hotel to the area.

It’s one of the latest in a string of waterfront investments attempting to capitalize on tens of millions of dollars … Read More

Southfield reissues RFQ for downtown development

October 5, 2018 |

The city of Southfield is looking for qualified developers to build a mixed-use development at its vacant 8.15-acre “EverCentre” property.

This is the second time a request was issued by the city to build a downtown at the corner of … Read More

Holiday Sales Expected To Grow Significantly This Season

October 3, 2018 |

The holiday appetite of the American shopper continues to grow, providing welcome news to both the retail and logistics industries.

U.S. holiday retail sales are expected to grow by 5% to 5.6% compared to last year, according to a report … Read More