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Top Shopping Center Business News
Starbucks · SeattleStarbucks is taking “significant action” to turn around its struggling business, closing a large number of cafés and announcing a second round of layoffs at its headquarters as part of CEO Brian Niccol’s efforts to resuscitate the troubled chain.See the Story
Starbucks to close stores, cut 900 jobs in $1B restructuring
68% Center coverage: 269 sources
Pembroke Pines · Pembroke PinesPEMBROKE PINES, FLA. — Marcus & Millichap has brokered the $25 million sale of Palm Square, a 77,621-square-foot shopping center located in Pembroke Pines, a city in South Florida’s Broward County. Kirk Olson and Drew Kristol of Marcus & Millichap represented the seller, Galium Capital, and procured the buyer, an affiliate of JBL Asset Management, in the transaction. Palm Square was 94 percent leased at the time of sale to tenants including Atla…See the Story
Marcus & Millichap Brokers $25M Sale of Shopping Center in Pembroke Pines, Florida
Long Beach, California · Long BeachLONG BEACH, CALIF. — CenterCal Properties and DRA Advisors have acquired Long Beach Towne Center with plans to redevelop the 870,000-square-foot property into a prominent retail and entertainment destination. Improvements will include new dining options such as chef-driven restaurants, fast-casual concepts and cafés; new retail brands; outdoor gathering areas with shaded seating, enhanced landscaping, public art and year-round programming; updat…See the Story
