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Eight Must Reads for the CRE Industry Today (May 26, 2022)

Walmart is bringing robotics to all of its regional distribution centers, reports Bisnow. A major London-based life sciences real estate investor is now targeting the U.S., according to These are among today’s must reads from around the commercial real estate industry.

  1. Walmart Bringing Robotics To All Of Its Regional Distribution Centers “Symbotic software orchestrates a team of robots to receive, store and retrieve products in a fulfillment center. The system differs from more conventional automation in that in most warehouses, robots are anchored in place, limiting their flexibility, while Symbotic specializes in robots that can move on their own as part of a warehouse system, knowing where to go via AI software.” (Bisnow)
  2. Legal & General Enters US Life Sciences Market With $4B “London-based Legal & General Capital (LGC) has entered the US market for the first time, forming a 50:50 partnership with US-based real estate developer Ancora to target the life sciences real estate sector.” (
  3. Kohl’s to open 100 small-format stores during next four years “Kohl’s believes the new stores, in total, represent a sales opportunity of more than $500 million as they ramp-up to full productivity. The expansion follows a successful pilot of more than 20 smaller-format locations.” (Chain Store Age)
  4. Madison International Realty’s Ron Dickerman On the Great Retail Pivot “One would be forgiven for associating Dickerman strictly with retail. Madison’s gargantuan global holdings include Forest City Realty Trust’s former 2.5 million-square-foot, 15-property retail portfolio that includes Atlantic Center and Atlantic Terminal Mall across from the Barclays Center in Brooklyn.” (Commercial Observer)
  5. How 20 restaurant companies performed in their latest quarters “Same-store sales rose at restaurant chains across all segments, with only a few reporting drops. Domino’s in particular lost momentum, blaming its same-store sales decline on labor shortages, supply chain issues and politics. Many quick-service brands pulled out of Russia in the quarter, a response to that country’s invasion of Ukraine.” (Nation’s Restaurant News)
  6. Great Resignation regret is sweeping the nation as workers who quit for more money quit again: 'It sucks to be miserable' “LinkedIn found that among workers who started new jobs last year, the number who had been in their previous position for less than a year rose by 6.5% compared with the year before. That's the highest percentage of job migration the platform has recorded since it started tracking data in 2016.” (Insider)
  7. Report: New company to relaunch Bon-Ton, other regional department store banners “The company was created and is headed by Deepak Ramani, who also leads the Ramani Group, a real estate development and property management firm, and a wholesale manufacturing company that creates private label for many major retailers, according to the report.” (Chain Store Age)
  8. Major EB-5 Regional Centers Sue Government Over Program’s Reauthorization “Five EB-5 regional center operators, along with the EB-5 trade organization Invest in the USA, have filed a lawsuit against U.S. Citizenship and Immigration Services challenging the way USCIS interprets the law reauthorizing the EB-5 regional center program.” (Bisnow)
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