Retail Commercial Real Estate Blog

5 Marijuana Retailers Changing the Face of Cannabis

Medical marijuana is now legal in 36 states, and recreational use is legal in 15 (plus D.C.). The legal cannabis market is expected to exceed $73 billion by 2027, and the mood across the country has irrevocably shifted in how cannabis is viewed and used. Most notably are the cannabis dispensaries and retailers popping up […]

Top Expanding Celebrity Chef Restaurants

A certain type of chef has always run with the rich and famous, but food turned entertainment has made way for celebrity chefs to become household names. As they build their empires, celebrity chefs are tapping into trends and pleasing fans with the opening of affordable restaurants. Here are 5 options to consider bringing to […]

Expanding Retailers in New Mexico

Retailers in New Mexico have dealt with a whirlwind as they struggle to maintain a sense of normalcy during the pandemic. Bordered by Texas and Oklahoma, New Mexico is the 36th largest state by population with 2.35 million residents, projecting to hit the 2.5 million mark by 2025. And primed for unique retail expansion. Top […]

Small format Bloomingdale's called Bloomies" to Open Fall 2021"

Macy’s owned Bloomingdales has announced they are experimenting with smaller format stores called “Bloomies.” With a footprint less than 22,000 square feet, the first will open in Fairfax, VA this fall.  A spokesperson for Bloomingdales said, "'Bloomie's' [will bring] the energy, discovery, and fun of Bloomingdale's to a smaller, highly edited and service-driven location." This […]

Five Below Plans Expansion Following Successful Holiday Season

Following a successful holiday season, the retailer has plans to expand with 170 locations.Five Below has announced it will be expanding following a successful holiday season. The retailer will open 170 stores over the next nine months to bring its total to more than 1200 locations. In 2020, Five Below opened 110 new stores, bringing […]

Major Food Group Adding Several New Restaurants in Miami

With concepts in New York, Las Vegas, Hong Kong, and Tel Aviv, Major Food Group (MFG) is entering the Miami market with at least 4 new restaurants in 2021. Carbone, which has developed a world wide cult-following, opened at the end of January near the southern tip of Miami Beach in the South of Fifth […]

These Retailers Get A Boost From Celebrity Shoppers

Stars—they’re just like us! Flip through any gossip rag at the checkout counter and you’ll see the rich and famous picking up coffee, grabbing groceries, or hitting the gym. You may even get a little zing when you recognize one of your favorite retail locations—in fact, brands are counting on that zing.  Celebrities have to […]

The Real Real Expanding Store Fronts

The RealReal has opened 2 new locations.  Courtney Hawkins, vice president of retail at The RealReal, said they saw a significant opportunity in Southern California after opening their West Hollywood location. This brings The RealReal’s total location count to 13, including 4 locations in New York and 5 locations in California. The RealReal recently opened […]

Aldi to Open 100 New Locations in 2021

Responding to the growing need for essential goods with convenient curbside pickup, Aldi announced expansion plans to open 100 new locations in 2021. The retailer has specific plans for expansion that will take them into several regions nationwide.  The grocery chain Aldi announced its plans to open 100 new stores in 2021. More than 2,000 […]

5 Signs that a National Brand Is Poised for Success in 2021

It’s hard to imagine a world without easy access to an Old Navy for a new t-shirt, a Starbucks at every turn, and easy access to fresh ingredients at a grocery store—no matter where you may travel. But 2020 proved that even massive retail chains with national presence weren’t immune to the long-term effects of […]

Expanding California Retailers

COVID-19 has hit California hard—sweeping closures, lockdowns, and high levels of infection are ongoing. But with grit, determination, and the grace of some really good fried chicken, retail continues to find its foothold. While some large scale brands are pressing pause on California, small businesses are staying nimble and looking to fill market demand. Here are […]

Retailsphere's 'Retailer of 2020' Focused on Adapting

Amid a chaotic year, Best Buy proved retail can move forward better than ever by experimenting and adapting to new retail concepts. In a year of mayhem, few retailers discovered a year of opportunity. The pandemic's fatal blow to many retailers was the call to change industry wide. The demand for easier and safer shopping […]
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