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Today’s Top RE Stories

Ohio Home Sales Down

April 21, 2011

Ohio Home sales have declined Statewide by 8.2% according to the National Association of Realtors or NAR.  According to Crains, "Home sales statewide in March fell more than 8% from the like month a year ago, as this sector of the economy continues to struggle without the help of a federal tax credit that was [...]

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RIP Big Box

April 15, 2011

The growing trend continues, big box retail is dying.  Walmart has made announcements about a smaller footprint – today Best Buy is the latest to say they are launching smaller sites.  They are going to have a concept called Best Buy Mobile Stores – smaller foot print and more online sales.  It sounds like Radio [...]

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Retail Disaster Recovery

March 31, 2011

Some positive news – even if you hate them – Walmart is reopening some of its stores in Japan.  This is good news if for no other reason that JOBS! The earthquake and tsunami that devastated parts of Japan damaged 24 of Wal-Mart's 371 stores in the country, but 12 of them were open for business [...]

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Kohl's Expanding

March 19, 2011

I love Kohl's.  Their products are good and their return policy is even better!!!!!!  I am not surprised they are experiencing growth and good news.   I think they have been strategic and smart with their expansions.  I do think they should have gone into Montrose vs Wadsworth/ Macedonia/ Arlington Rd BUT that is another topic [...]

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Fun Retail Movement

February 15, 2011

Here is the latest in the retail world – lets see who is movin' and shakin'! Ultimate Electronics is seeking court permission to close its 46 stores and liquidate. The Thornton, Colo.–based chain filed for Chapter 11 last month. Panda Express says it plans to open 950 restaurants over the next five years. Canada’s Tim [...]

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Men's Warehouse

January 31, 2011

Some interesting news, Men's Wearhouse named President and Chief Operating Officer Douglas Ewert to succeed company founder George Zimmer as CEO this year. Ewert will keep the title of president after his promotion, and the chain doesn't plan to hire a new COO. Zimmer, who started the men's apparel chain in 1973, will remain chairman [...]

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Death of the Realtor

January 24, 2011

I was recently reading an article titled, Demise of the Real Estate Sales Person.    The article was interesting because it brought attention to what everyone is now seeing as obvious, people are sick of bad customer service from their Realtor and with all the info online – why bother.  It's sad but true and worse yet – [...]

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Fashion Friday

November 19, 2010

Some fun real estate and fashion news this Friday; Chanel, Baccarat and Cartier are among a wave of French luxury retailers that have set up shop inside the Dubai Mall. The region now accounts for 8 percent of the sales recorded by the retailers in France's prestigious Comite Colbert industry association. (Can we say DUH – [...]

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Summit Mall Makeover

November 17, 2010

Is Summit Mall getting an additional makeover?  Summit is owned by Simon Property Group who are ramping up capital expenditures after seeing positive signs in the economy, said CEO David Simon on an earnings call. Simon expects to spend about $1.6 billion in coming years on the redevelopment of regional malls, he said. The firm [...]

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Beachwood Place – Oh Oh or Oh Nothing!?.

November 15, 2010

What is in store for Beachwood Place Mall?  General Growth Properties emerged from Chapter 11 bankruptcy Tuesday, splitting into two companies. GGP retains ownership of some 183 regional malls in 43 states, while its spin-off — The Howard Hughes Corp. — holds the company’s portfolio of master-planned communities and a handful of other properties, including [...]

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