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Retail Rents Falling From Manhattan To Los Angeles

PYMNTS

retail rents falling in many locales by percentages even greater than those seen in or after the 2007-08 Great Recession. These decreases are historic,” the Real Estate Board of New York wrote in a new report showing that average Manhattan retail asking rents fell in all of the island’s 17 retail corridors during autumn.

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State Governments Deliver Mixed Messages On Reopening Retail

PYMNTS

State governments are dropping the ball on retail reopenings. As the week plays out, inconsistent direction and confusion have been standard with New York, Texas, California and Hawaii getting criticized by retailers big and small. After making the statement, Simon retracted it, pledging cooperation with local officials.

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Mall Parking Lots Now Revenue Streams For Owners

PYMNTS

into outdoor venues in Denver, Dallas, Houston, Minneapolis and Woodbridge, New Jersey, with more such venues on the way, CNBC reported. Michelle Snyder , chief marketing officer of Brookfield’s retail arm, said the idea was to keep making money even through the pandemic’s dissolution of many old standards of events.

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Hurricane Florence’s Retail Punch

PYMNTS

But the excitement — high drama — warm-up commerce run is now over, and the main event is underway as Florence — and Florence is forecast to be the worst storm of its kind to hit North Carolina in nearly 64 years — is expected to have major effects on retail sales, employment and real estate in the state for a long time after the winds stop blowing.

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Intercepted: Live League Sports Revenue Drop May Take Years To Recover

PYMNTS

While the worst fears haven’t been realized — the NFL opened its 2020 season in September with a showdown between (Super Bowl champs) the Kansas City Chiefs and the Houston Texans — the outlook across the pantheon of live sports is anything but settled as November 2020 begins. It’s going to take years to catch up.”.

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Community banks are thriving in Texas

Independent Banker

With the record growth of San Antonio, Houston and Austin, southern Texas is becoming a hub for business. The Houston metro took the 10th spot with a 20.3% It includes Hewlett Packard Enterprise, which is moving its headquarters to the Houston area. Photo by Dennis Burnett. By Mindy Charski. We take time for our customers.”.

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Will Children Point The Way Forward For Wearables?

PYMNTS

Children are the future — that’s just a biological fact, and the theme of an old Whitney Houston song. The threat comes not only from professional criminals, but also from so-called “family fraud,” which generally refers to unauthorized purchases made by children via their parents’ payment channels.

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