Los Angeles developer bets on hospitality as fans increasingly watch events outside the home Pawn Shop, a 7,800-square-foot sports-focused entertainment venue in the former Brothers Collateral Pawn Shop in Los Angeles. (Shelby Moore/Pawn Shop) By Brannon Boswell CoStar News July 9, 2026 | 5:25 P.M. A collective groan went up from the crowd following a missed […]
Jersey Mike’s touts international expansion as it joins wave of firms in looking to an IPO
US sandwich chain enters into 300-store development agreement in Canada Jersey Mike’s Subs says its brand has international appeal and is looking to expand into the United Kingdom and Ireland. (CoStar) By Linda Moss CoStar News July 2, 2026 | 4:12 P.M. Jersey Mike’s Subs is officially joining the ranks of retail operators seeking to go […]
Beneath the headline numbers, consumers are feeling the squeeze
Higher capital investment masks slowdown in spending By Christine Cooper, Chuck McShane CoStar Analytics July 1, 2026 | 9:09 AM A handful of data releases last week painted a broad-brush picture of a relatively resilient U.S. economy managing to muddle through a temporary energy price shock. But a closer look at the details reveals a more nuanced […]
Red Robin to sell 86 restaurants to franchisees
Gourmet burger chain seeks to pay down debt by shedding company-owned locations Red Robin Gourmet Burgers has announced sales of 116 restaurants as part of refranchising agreements. (CoStar) By Linda Moss CoStar News June 16, 2026 | 3:57 P.M. Red Robin Gourmet Burgers is selling 86 of its company-owned restaurants for $72.5 million as part of […]
Restaurant spending holds steady in tough climate; Consumer confidence improves; Mortgage applications rise
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 […]