Nordstrom opened six Rack stores in the fourth quarter, bringing the total to 23 for the 2024 fiscal year, helping drive 4.7% sales growth in the off-price format that executives have called a growth driver for the company.
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#LosAngeles designated the 1940s-era Clinton Manor Courtyard Apartments, once home to #Barbie's creators, as a Historic-Cultural Monument, blocking redevelopment after new owners bought the property for $16 million. Read more here: https://bit.ly/3QV14oA
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Homeowners’ growing preference for energy-efficient appliances is driving manufacturers to introduce new induction stoves, which were prominently showcased at the Design & Construction Week trade show as companies highlighted their potential to rival traditional gas cooking, according to industry leaders and experts. #EnergyEfficiency #KitchenInnovation #HomeDesign #DesignTrends
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Women are making gradual progress in commercial real estate, now representing nearly 37% of the workforce, but industry leaders say significant barriers to advancement remain, with just 9% of C-suite roles held by women despite recent high-profile executive appointments. Learn more here: https://bit.ly/3DcMYfp #InternationalWomensDay #RealEstate #CRE
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?? Biophilic touches, such as wooden surfaces and beams, are just one design strategy bringing warmth to this two-story house in Long Island City redesigned by Keith Burns Architect PLLC. Photos via Jonathan Hōkklo, courtesy of Keith Burns Architect ?? Read more here: https://bit.ly/41JVk7G
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Will Google revise its in-office policy to stay ahead in the #AI race? How will the GSA’s job cuts impact federal #realestate management? and what will #NeimanMarcus' departure from downtown #Dallas mean for the area? Find out the latest?#CRE?news in this edition of our weekly newsletter.
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What’s next for offices? Five years after COVID-19 upended the global economy, the office market is showing signs of stabilization, prompting top brokerage executives to weigh in on the sector’s long road to recovery, in a conversation led by CoStar’s Phil Mobley. The discussion featured David Bitner of Newmark, Danny Mangru of Avison Young, Devon Munos of Savills, Jacob Rowden of JLL, David C. Smith of Cushman & Wakefield, Marianne Skorupski of Colliers, and Julie Whelan of CBRE. Learn more insights here: https://bit.ly/3QPXpbG
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? ?? Which famous home from movies or TV would you love to own? A #California estate once owned by #FrankSinatra—featuring two properties, including one dubbed "the most filmed house in America"—has finally sold after 13 years on and off the market, adding a new chapter to its Hollywood and architectural legacy. ??? ?? ?? Learn more about the property here: https://bit.ly/4kpkUWJ
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Stay up-to-date on the latest hirings and promotions in the #CRE industry, ?? JLL has tapped Matt Weko as president of a new consumer goods and services division within its Work Dynamics Americas organization. ?? Mitzi Flexer joined Bradford Allen's New York office as managing director, while the company seeks to expand its nationwide commercial brokerage and consulting services. ?? SRS Real Estate Partners appointed new leaders in Phoenix and Southern California, naming Jeffrey Garza Walker, MRED, MBA as executive vice president and managing principal to lead its Phoenix expansion and Jim deRegt as senior vice president in Newport Beach, as part of its push to grow industrial property operations. Discover more here: https://bit.ly/41IoIet
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Leases for about 800 JOANN Stores are up for auction as the craft retailer, which filed for Chapter 11 bankruptcy protection in January, liquidates its assets, including store and distribution center leases nationwide.