Restaurant visits are holding up despite elevated inflation, according to the National Restaurant Association. (Wyatt Stueve/CoStar) By Lou Hirsh CoStar News June 14, 2026 | 6:37 P.M. Restaurant spending holds steady in tough climate U.S. restaurant spending appears to be holding up despite an onslaught of rising consumer prices and escalating use of weight-loss drugs now […]
Sleep Number enters bankruptcy with plan to merge, evaluate store fleet
US mattress retailer has stalking horse offer from Sleep Country Canada Mattress retailer Sleep Number has a fleet of nearly 600 U.S. stores. (CoStar) By Linda Moss CoStar News June 12, 2026 | 3:37 P.M. Mattress retailer Sleep Number has filed for bankruptcy, with plans to review its remaining fleet of nearly 600 U.S. stores and […]
On The Border closes all its corporate-owned US restaurants
Closures come a year after restaurant chain was purchased from bankruptcy On The Border plans to close all its corporate-owned U.S. restaurants. (CoStar) By Candace Carlisle CoStar News June 12, 2026 | 4:05 P.M. Tex-Mex restaurant chain On The Border Mexican Grill & Cantina is closing all its corporate-owned U.S. restaurant locations about a year after a […]
Dollar Tree’s 9,000 stores get second job: Delivery hubs
DoorDash tie-up turns retailer’s footprint into e-commerce network Dollar Tree plans to open about 400 new stores this year while closing 75 locations. (CoStar) By Linda Moss CoStar News May 28, 2026 | 3:23 P.M. Dollar Tree is the latest retailer to repurpose its store fleet as a delivery network, partnering with DoorDash to turn more […]
Cogent sells 10 US data centers to global infrastructure investor
I Squared Capital launches $1 billion US data center operating platform By Candace Carlisle CoStar News May 26, 2026 | 6:55 P.M. A newly formed entity tied to Miami-based I Squared Capital has acquired 10 data centers throughout the United States in a $225 million deal that will form the initial assets in what is […]
Restaurant chains try to support franchisees as costs soar, sales slow
Smaller regional operators are more vulnerable to financial struggles Applebee’s owner Dine Brands Global is among operators seeking to take back or transfer locations of struggling franchisees. (CoStar) By Lou Hirsh CoStar News May 26, 2026 | 2:27 P.M. Major restaurant chains are taking steps to ensure the long-term viability of regional franchise networks that often […]
New Walgreens owner Sycamore tests debt market with $490 million offering backed by stor
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 […]