CMBS deal comes amid shakeout in US pharmacy sector The Walgreens store at 3646 N. Broadway St. in Chicago is one of the properties backing a new securities deal. (CoStar) By Mark Heschmeyer CoStar News October 30, 2025 | 11:59 AM A new $490 million commercial mortgage-backed securities financing collateralized by Walgreens stores is coming to […]
Back in the black: Demand for retail space turns positive
Turnaround picks up in third quarter for store properties Strong demand to backfill recent closures helped push the net change in retail occupancy positive in the third quarter. By Brandon Svec CoStar Analytics October 26, 2025 | 9:45 P.M. After recording the first consecutive quarterly declines since 2020, retail demand is back in the black heading […]
New Claire’s owner to attempt rebound with smaller store fleet
Nearly 1,000 of retailer’s locations are staying open Claire’s new owner says it plans to modernize “the core piercing experience” and revitalize the chain’s stores. (CoStar) By Linda Moss CoStar News September 19, 2025 | 1:00 P.M. Claire’s, a decades-old mecca for female tweens and teens getting their ears pierced and buying inexpensive jewelry, is looking […]
UPS sells properties to Fortress Investment Group as part of major cost-cutting plan
Shipping company sold properties in Atlanta, Chicago and Southern California markets By Andy Peters CoStar News September 17, 2025 | 5:12 P.M. Global shipping company United Parcel Service agreed to sell at least four industrial and office properties in the Atlanta, Chicago and Southern California markets to Fortress Investment Group for about $368 million. UPS plans […]
Why PNC, Chase, Bank of America are still opening bank branches
Even with growth of online banking, these properties viewed by some as best way to gather deposits PNC Bank’s expansion strategy includes opening new branches in markets, including Dallas-Fort Worth, where this branch in McKinney, Texas, is located. (CoStar) By Andy Peters CoStar News August 17, 2025 | 7:43 P.M. It may seem counterintuitive, seeing how […]
Claire’s identifies over 1,100 stores to potentially close in bankruptcy
Tween retailer and mall staple warns it could liquidate after second Chapter 11 filing Claire’s, once the main ear-piercing destination for tweens and teens, may be forced into liquidation. (CoStar) By Linda Moss CoStar News August 6, 2025 | 5:33 P.M. Tween retailer Claire’s has identified over 1,100 U.S. stores for possible closing and warned it […]
Murphy USA to open nearly 50 new stores over next year
Convenience store chains are expanding to capitalize on sales of high-margin food items Murphy USA recently opened this convenience store and gas station in Springfield, Missouri. (CoStar) By Andy Peters CoStar News August 1, 2025 | 2:18 P.M. Murphy USA, one of the largest convenience store chains in the United States, plans to open about 50 […]
Rite Aid looks to sell stores in second Chapter 11 filing
Drugstore chain says it has potential national, regional buyers for assets Rite Aid says it has interest from potential national and regional buyers. (CoStar) By Linda Moss CoStar News May 5, 2025 | 6:14 P.M. Troubled pharmacy chain Rite Aid has filed for bankruptcy protection again, but this time it’s looking to sell its stores or […]
For first time since pandemic, near-term outlook for retail demand turns negative
CoStar Insight Despite sector reacting to recent bankruptcies, retail execs remain optimistic The bankruptcies and store closings of several retailers, including Party City, drag down demand for retail space, though given supply-constrained conditions, other retailers are expected to backfill the space that becomes available. (Getty Images) By Brandon Svec CoStar Analytics March 28, 2025 | 1:27 […]
Dollar Tree to sell Family Dollar for $1 billion, a fraction of what it paid
Private equity deal marks loss for discount giant after decade-long turnaround effort Dollar Tree acquired Family Dollar for $9 billion in 2015. (CoStar) By Linda Moss CoStar News March 26, 2025 | 9:55 AM Discount giant Dollar Tree is offloading Family Dollar at a bargain basement price, roughly $1 billion, after spending about a decade of […]