The toy-maker’s 585,000-sq.-ft. Global Resource Center, which employs accountants, IT, merchandising and human resources workers, has made it the third-largest taxpayer in Wayne, N.J.
NREI takes a look at the history of Toys “R” Us, from its roots as a children’s furniture store to the closing of its doors.
Amazon needs to increase its retail footprint to stay competitive in the race for quickest, cheapest delivery.
Some industry observers quickly noted that the price carries negative implications for the mall sector.
The roughly $15 billion deal values GGP’s assets well below Wall Street estimates and represents a disappointing resolution for shareholders.
GGP Inc., the second-largest U.S. mall landlord, agreed Monday to be taken over by a unit of Toronto-based Brookfield Asset Management Inc.
Howard Schultz reportedly told Starbucks employees that the retail sector was reaching a point where landlords of even prime centers would need to lower rents.
Grocery chain Publix is becoming a major real estate investor.