
Kate King
Reporter at The Wall Street Journal
Covering business and economic development in New York City and the tri-state for @WSJ
Articles
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3 weeks ago |
roselawgroupreporter.com | Kate King
By Kate King | Wall Street JournalNearly every real-estate developer is steering clear of building new retail real estate these days. Not Joshua Simon. The 39-year-old Scottsdale, Ariz.-based real-estate investor has built 2.6 million square feet of ground-up retail since 2018, including the largest shopping center developed in the Western half of the U.S. over the past seven years.
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3 weeks ago |
wsj.com | Kate King
Real-estate developer Joshua Simon is building 1.5 million square feet of retail space despite the high cost of construction and low returns. Simon focuses on promising locations with affordable land, growing populations, and local incentives to make his projects profitable. Simon's experience and knowledge give him an advantage as retailer demand for new store space increases. Nearly every real-estate developer is steering clear of building new retail real estate these days. Not Joshua Simon.
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1 month ago |
wsj.com | Kate King
Forever 21's bankruptcy will result in the closure of approximately 350 U.S. stores, providing opportunities for mall owners to attract stronger retailers and increase rental income. Despite challenges faced by the mall industry, high-end malls are experiencing strong occupancy and rising rents, while leasing activity is improving in second-tier properties.
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1 month ago |
wsj.com | Kate King
By | Photographs by Ben Cleeton for WSJ Your browser does not support the audio tag. 00:00 / 01:41This article is in your queue. Dick’s Sporting Goods Executive Chairman Ed Stack scanned his chain’s newest concept, a megastore in Victor, N.Y., called House of Sport. It offered more than the usual tennis rackets and football jerseys for sale. The store boasted a rock-climbing wall in one corner, golf simulators in another and an outdoor running track and turf field.
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1 month ago |
wsj.com | Kate King
By | Photographs by Ben Cleeton for WSJ Your browser does not support the audio tag. 00:00 / 05:53This article is in your queue. Dick's Sporting Goods is creating a more immersive experience for customers, with larger stores averaging 120,000 to 140,000 square feet. The House of Sport stores offer a variety of amenities, including rock-climbing walls, golf simulators, and outdoor running tracks, and have been successful in attracting customers and generating sales.
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