Despite being on track to cut $300 million in costs by 2019, Ascena isn't particularly well-positioned for needed investments.

The Chinese insurer’s project to convert many of the landmark hotel’s guest rooms now calls for 352 condos, according to details of the offering plan.

The online giant isn’t interested in maintaining the Toys “R” Us brand, but has considered using the soon-to-be-vacant spaces for its own purposes.

Retailers are proving more resilient than expected.

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.

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.