The 48,000-square-foot Tilt Studio family entertainment center held a grand opening Friday in Hagerstown, Md. The facility offers blacklight mini-golf, laser tag, bumper cars, bowling lanes and more than 150 arcade games.
Children's Place and Gap have filed motions in the Ontario Superior Court of Justice to lift a stay that keeps the retailers from exerting co-tenancy rights due to the loss of anchor Sears. The motion states that these rights allow the retailers to restructure their rent when an anchor tenant leaves.
The new owner of the Bon-Ton brand has begun revamping the retailer's banners online, with the launch last weekend of branded websites for Herberger's, Younkers and Boston Store. CSC Generation, which bought Bon-Ton's intellectual property for $900,000, is also considering opening some brick-and-mortar stores.
Developers will begin construction next year on the TSX Broadway building in New York City's Times Square, a 46-story tower wrapped in LED screens. The building is expected to be home to retail showrooms and spaces for new product launches, interactive shopping and other experiences.
Among the reasons returns have been unimpressive, even as fundamentals remain stable, is the trend of increased supply in many asset classes, real estate investor Scott Crowe told Nareit. However, select markets around the globe present opportunities, investor Jay Leupp said.
The Och-Ziff Capital Management Group hopes to raise $2 billion for its fourth real estate fund by the end of this year, according to sources. Other activities in the hedge fund's real estate group include $750 million raised for real estate debt strategy and $150 million for affordable-housing investment, the sources say.
The national occupancy rate for skilled nursing facilities dropped by 79 basis points in the second quarter to 81.7% in an continuing response to policy changes and other pressures. Year-over-year occupancy dropped by 137 basis points, according to the National Investment Center for Seniors Housing and Care.
Easterly Government Properties has picked up eight properties in Texas, Illinois, New York, Pennsylvania and West Virginia for $244 million. It plans to buy an additional six properties by year's end for a total of about $430 million.
The Trump administration said Monday it will impose 10% tariffs on $200 billion in Chinese imports, effective Sept. 24, and the rate will rise to 25% on Jan. 1. "We remain concerned with the continued escalation of tariffs against China [and] the impact of the wide swath of consumer goods -- everything from baby products to furniture to lighting was on that list," the National Retail Federation's Jonathan Gold said.
In Lake Houston and Humble, Texas, sales tax revenue is beginning to grow again as businesses recover from Hurricane Harvey's impact in 2017. New establishments in the region also are helping to fill the gap after many retail establishments were forced to close due to the destruction.