Al Urbanski

New York

Real Estate Editor at Chain Store Age

Real Estate Editor, Chain Store Age

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Articles

Q&A: Gordon Brothers on changing the game in real estate services

5 days ago | chainstoreage.com | Al Urbanski

Gordon Brothers' Al Williams and Michael Burden When Nexus Capital failed to close on the Big Lots acquisition during the retailer’s bankruptcy, a full liquidation seemed inevitable. But Gordon Brothers had a different plan for handling the situation. Its team structured an unprecedented deal with Variety Wholesalers to take hundreds of stores, preserving the Big Lots brand and saving thousands of jobs. The industry had never seen a deal like it.
Dick’s House of Sport leads list of new tenants to open at Cherry Hill Mall

2 weeks ago | chainstoreage.com | Al Urbanski

Dick's House of Sports plans to open at Cherry Hill in 2026. The desks and conference rooms at the One Cherry Hill office building outside of Philadelphia are about to be replaced by climbing walls, batting cages, and soccer matches. Dick’s House of Sport has signed a lease to take over 120,000 sq. ft of that space inside PREIT’s Cherry Hill Mall and re-fill it with sporting equipment, community events, and interactive experiences.
Kohl’s real estate chief named managing director of CBRE’s retail group

4 weeks ago | chainstoreage.com | Al Urbanski

At Kohl’s, Schnuckel led all functions of its real estate operation, focusing on new locations, relocations, redevelopment, lease restructuring and capital markets. During his tenure there, he directed dozens of store openings across multiple formats and achieved more than $300 million in disposition proceeds and over $200 million in value creation through lease restructuring.
Kohl’s real estate head joins CBRE’s retail group

4 weeks ago | chainstoreage.com | Al Urbanski

Schnuckel played a key role in Kohl's partnership with Sephora. The head of real estate at Kohl's has departed the company. Scott Schnuckel, who joined Kohl’s as a financial planning analyst in 2006 and rose to head the chain’s real estate operation, has been named managing director at global retail services CBRE company. He will support Laura Barr, CBRE’s director of Americas Retail, in executing her growth plan for the unit.
JLL introduces ‘The Mixx’

1 month ago | chainstoreage.com | Al Urbanski

During his six years with JLL, McNamara served as the client relationship manager for its property management team and was the senior general manager in charge of the repositioning and sale of San Francisco’s Transamerica Pyramid. “The Mixx leverages the capabilities of a global real estate company while delivering the bespoke, highly curated approach of a startup,” McNamara explained.
Placer.ai: Traffic was up at indoor malls in March, but visits were shorter

1 month ago | chainstoreage.com | Al Urbanski

Indoor mall visits were 1.8% higher than they were in March 2024. Open-air centers in Placer.ai’s Mall Index have posted consistently higher visitation levels than indoor malls and outlet centers, but enclosed centers turned the tables last month. Indoor mall visits in March were 1.8% higher than they were in March of last year, while traffic dipped at open-air and outlet centers by 1.1% and 0.7% respectively.
Shake Shack rattles and rolls into Oklahoma

1 month ago | chainstoreage.com | Al Urbanski

Shake Shack will inhabit an all-glass "jewel box" at the edge of Oak's Heartwood Park. Oklahoma City native Ryan McNeill left his hometown for California to learn all he could about mixed-use centers. He returned with a plan to erect a center that would wow his fellow citizens with exciting retail firsts.
Santa Monica Place to recharge under new property manager

1 month ago | chainstoreage.com | Al Urbanski

Santa Monica Place was architect Frank Gehry's firs mall design. After defaulting on its $300 million loan on Santa Monica Place last year, Macerich surrendered the property to its lender, which was placed under the direction of a court-appointed receiver.
The birth of the ‘Beerstro’

1 month ago | chainstoreage.com | Al Urbanski

Vicki and Josh Robinette at the Knoxville "Beerstro." Some 15 years ago, the Robinette family of Knoxville, Tenn. conceived a vision of a neighborhood hangout that would mirror the concept employed by large microbreweries where patrons get to sample their brews and have a bite to eat. On their way out, they could stop at the brewery’s shop to buy six-packs to take home with them. Nathan Robinette thought the concept would work well in Knoxville and convinced his father to finance it.
Gazit Horizons buys Fort Lauderdale’s Galt Ocean Marketplace

1 month ago | chainstoreage.com | Al Urbanski

Galt Ocean Marketplace is located on a prime barrier island. Gazit Horizons, a subsidiary of G City Ltd. that is expanding its holdings in the United States, has snapped-up a high-traffic center on stretch of posh waterfront in Fort Lauderdale. The 105,589-sq.-ft. Gulf Ocean Marketplace, located on Route A1A in a prime barrier island location in the Galt Ocean Mile neighborhood, sold for $35.4 million.