A report by Bloomberg said that Limited Brands’ Victoria’s Secret banner would open its first stores in Hong Kong this year.

A report released by CBRE Group found that Hong Kong and New York City rank number one and two as the world’s most expensive prime retail markets.

Hong Kong is the world’s most expensive retail destination, with retail rents at $3,864 per square foot, according to the quarterly rankings of global retail rents from global property advisor CBRE Group.

If Hong Kong is part of your global expansion initiatives, be prepared to pay the freight.

Swire Properties announced it has broken ground on its Brickell CitiCentre project, a $1.05 billion mixed-use development that is billed as the largest private sector venture of its kind in Miami history.

Christopher M. West, COO and partner of Cullinan Properties, announced several additions to the Cullinan team.

Italian fashion house Prada, which is preparing for an initial public offering of about $2 billion in Hong Kong, said it plans to use most of the proceeds on expansion and renovation of its stores over the next 18 months.

Forever 21’s massive Times Square flagship, a shop that sells ice cream made to order and frozen with liquid nitrogen, and a new beauty-and-wellness concept in Hong Kong are on a list of the hottest new stores around the globe.

Migros has selected Core Solutions to support the retailer’s growth in direct sourcing....