National Commercial Real Estate News From CoStar Group
Facility Closures & Downsizings: Build-A-Bear Closing Up to 60 Stores
Build-A-Bear Workshop Inc., an entertainment retailer, plans to close 50 to 60 stores in fiscal 2013 and 2014 to reach its optimal store count of 225 to 250 stores. These select store closures are expected to transfer approximately 20% of sales to other stores in the same markets.
At quarter end, the St. Louis, MO-based company operated 351 stores -- 283 traditional stores and 10 non-traditional stores in North America and 58 traditional stores...
Watch List: CMBS Loans with Large Losses in Sept/Oct 2012
Source: Wells Fargo Securities LLC and, Intex Solutions Inc.
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In The Pipeline: CoStar Development & Construction News for Oct. 21 - 27
In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project -- and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail.
San Francisco's Transbay Tower Cleared For Construction