Macy’s speeds up plans to open smaller stores outside of malls Macy’s is accelerating its plans to open smaller stores that aren’t attached to suburban shopping malls, in a bid to evolve along with its customers’ shopping preferences coming out of the Covid pandemic. The department store chain said Wednesday that it will open three stores this […]
What’s driving the Hudson Valley commercial real estate boom By Olivia Leach Wallkill | spectrumlocalnews.com Tucked in the town of Wallkill, the C.R. Wolfe building is a historic property built in the 1800s that was once used as a feed store and even a trolley barn. Now, it’s a warehouse and office space, and it’s on the […]
Global Economy ‘May Still Avoid A Recession’ While several factors raise the possibility of an economic downturn, the overall outlook remains positive. The global economy may still avoid a recession, despite strengthening headwinds, according to CBRE chief economist Richard Barkham. In a new analysis, Barkham notes that while several factors raise the possibility of an […]
Insights on the Commercial Real Estate Global Market to 2027 The Global Commercial Real Estate Market is expected to register a CAGR of more than 10% during the forecast period. COVID-19 pandemic severely affected the commercial real estate sector, as travel restrictions and social distancing effected the public mobilization, commercial works and gathering facilities. Office […]
Costco to open first Buffalo-area store in Amherst Costco Wholesale will open its first local store in Amherst along the busy Niagara Falls Boulevard corridor, Supervisor Brian J. Kulpa said Wednesday afternoon. The international warehouse retail chain signed a lease with Benderson Development Co. on Wednesday to take over the former site of Tony Roma’s restaurant […]
How warehouses are taking over the U.S. For every Cyber Monday purchase, there is a warehouse employee packing up those soon-to-be presents. The big online shopping holiday comes amid a warehouse shortage across the United States as distribution center vacancy rates are at all-time lows. Nearly 96% of existing industrial space is in use, according […]