Sears Holdings Corp. continues to tap into its vast real estate portfolio to shore up its finances. In a move that was widely expected, the retailer on Wednesday said that it is forming a real estate investment trust.
U.K. toy retailer Hamleys Plc has opened Europe’s largest toy store, a 73,000-sq.-ft. location in Moscow. It is also the second largest toy store in the world, with Toys “R” Us’ Times Square outpost taking the top spot.
Macy’s announced that Bloomingdale’s plans to open a 150,000-sq.-ft., three-level location in fall 2018 in an all-new shopping, dining and entertainment center being developed in Norwalk, Connecticut, by General Growth Properties.
Torrid, the edgy plus-sized apparel division of Hot Topic, will open a flagship on State Street in Chicago, on April 8. It’s part of 60 stores the retailer is planning to open across the country this year.
Stirling Properties has completed the development financing and will soon launch construction on the Offices at Mid-City Market, a 54,000-sq.-ft., mixed-use complex in the Mid-City neighborhood of New Orleans.