Founded in 2007, the chain had developed a cult following among bankers, tech workers and others.

Profitability, cash flow, customer traffic, sales and leasing momentum have all improved for Simon’s properties in the first quarter.

The supermarket chain is partnering with Drone Express to deliver groceries.

CEO Pano Christou said he scrapped Pret’s “follow the skyscraper” expansion program.

While open-air centers have performed well in themselves, the addition of mixed uses makes them even more attractive to investors.

Even with new businesses signing leases, retail rents in Manhattan continued to fall in the first quarter, reports Cushman & Wakefield.

“Just because you’re not seeing bankruptcy filings doesn’t mean there isn’t distress,” says Mark Kronfeld, a managing director with BlackRock.

The retailer was late to embrace online shopping. But it’s now making a bold wager on robotics.

The merged shopping center REIT will have a market cap of $12 billion.

Revenue at the company’s fashion and leather goods unit jumped by 52 percent in the first quarter compared to a year earlier.