Claire’s is closing more than 90 stores, reports Business Insider. Californians are leaving the state, according to CNBC. These are among today’s must reads from around the commercial real estate industry.
The company said in a statement that its co-founders had informed the board of their plans to retire after this year’s annual general meeting.
Residential buildings with rent controls are worth less than those without and can merit greater oversight by New York City during construction.
HNA faces the challenge of selling a building that’s starting to lose some of its gold-plated tenants and in need of improvements that could cost its new owner more than $1 billion.
Toys “R” Us has stores in all types of shopping properties -- from standalone locations to community strip centers to large regional malls.