Economic headwinds will cool holiday sales in 2023

A meager rise of 3% is expected due to resumed student loan payments and low savings rates.

Macy’s real estate exec takes leasing directorship at Spinoso

Ben Brotzman will focus on big box tenants for the Syracuse-based mall operator.

PECO prez Devin Murphy steps down; COO Bob Myers takes his place

Over the past decade, Murphy helped establish Phillips Edison & Company as one of the nation’s top owner-operators of neighborhood centers.

Dunkin’ takes a thumpin’ from the Pumpkin (Spice Latte)

Starbucks scored a 9% traffic boost with its early release of the PSL; Dunkin’ visits slid by half a percent.

Anti-aging clinic en route to tripling its locations

Relive Health is opening 25 new locations and entering three new states, eyeing a 100-store portfolio.

Simon reports increases in occupancy and base rents

The big mall owner gets cash boost from partial sale of its interest in the SPARC fashion brand consortium.

Top swimwear maker TYR lands its first store

The brand made famous by swimmer Katy Ledecky at the Tokyo Olympics christens a 2,200-sq.-ft. shop at Long Island’s Roosevelt Field Mall.

Take 5, the 10-minute oil change service, opens its 300th franchise

Owner Driven Brands is also opening combined Take 5 Oil Change and Car Wash locations.

Available retail space hits 18-year low

A 34% quarterly net absorption increase to 10 million sq. ft. reveals just how hard space is to come by. The average quarterly increase has been 19 million sq. ft. over 10 years.

New Hampshire’s Tuscan Village opens its first hotel

The Artisan, a Marriott Tribute brand, assumes a central location at the 3 million-sq.-ft. mixed use center north of Boston.