Miami Office Leasing Has Already Matched 2024's Total, But Rent Growth Is Slowing
Miami’s office leasing market is heating up, with over 500K SF of leases signed in Q3, marking a 200K SF jump from the previous quarter and putting the city on track to surpass 2024’s total leasing volume. Despite early-year uncertainty tied to new global tariff policies, companies regained confidence, closing major deals in the second half of 2025. Top leases included Stearns Weaver Miller’s 97K SF at Museum Tower and ADP’s 78K SF at Miami Waterford Business District. With vacancies tightening in submarkets like Brickell (13.4%) and Coconut Grove (just 3.1%), and rents holding near record highs—up nearly 7% year-over-year—brokers expect Miami’s momentum to carry into Q4 and beyond.
CVS closes deal for 63 Rite Aid stores
CVS Health has officially expanded its footprint in the Pacific Northwest, completing the acquisition of 63 Rite Aid and Bartell Drugs stores across Idaho, Oregon, and Washington. The deal, finalized after Rite Aid’s bankruptcy, also includes the prescription files of 626 locations in 15 states and the hiring of over 3,500 former Rite Aid employees. CVS says the move will strengthen access to pharmacy care for nearly 9 million new customers and bolster its presence in local communities through targeted store investments and enhanced training programs. As Rite Aid exits the retail landscape following its second bankruptcy in two years, CVS solidifies its position as one of the leading pharmacy providers in the U.S.
Dollar Tree expects strong growth during next three years
Dollar Tree struck an optimistic tone at its annual Investor Day in New York, projecting a 12% to 15% compound annual growth rate in earnings per share from fiscal 2026 to 2028. The forecast reflects stronger profitability following the sale of Family Dollar for $1.01 billion and reduced costs tied to tariffs, pricing conversions, and distribution issues. The retailer reaffirmed its 2025 outlook, reporting 3.8% same-store sales growth and a $271 million stock buyback so far this quarter. CEO Mike Creedon described this as a “new chapter” for the company, emphasizing innovation, assortment flexibility, and a bold long-term vision to grow the Dollar Tree brand across North America.
Store Expansion News: September update
Retail and restaurant expansion surged in September, with major brands unveiling new stores, remodels, and market entries across the U.S. and beyond. Target plans seven large-format store openings in October, while Costco is set to add 35 new warehouses this fiscal year. Toys“R”Us will open 10 new U.S. flagships, and Primark continues its U.S. growth with new leases — including its debut in Minnesota. LoveShackFancy entered the Midwest with a Chicago-area boutique, and Jack & Jones will open its first U.S. stores at five Brookfield Properties malls. On the dining front, Qdoba announced a massive 50-unit franchise deal across the West, and Starbucks will refresh 1,000 cafés by 2026. Meanwhile, Ulta Beauty expanded internationally with its first stores in Mexico, and Ace Retail launched a multi-year remodel of more than 80 hardware stores.
Bed Bath & Beyond Inc. announces franchise plan
Bed Bath & Beyond Inc. is reimagining its retail model with a nationwide franchise program that blends traditional storefronts with cutting-edge blockchain finance. The company plans to finalize franchise documentation within six months, offering store formats like home, kitchen, and “Holiday Shoppe” concepts — with localized merchandise and shared revenue from BedBathandBeyond.com. In a bold move, franchisees will have access to tokenized financing through the tZERO platform, which may serve as an alternative to SBA loans. Executive Chairman Marcus Lemonis continues steering the brand toward a tech-driven future, leveraging blockchain ventures such as tZERO and GrainChain to make Bed Bath & Beyond more asset-light and digitally focused.
Facing Skyrocketing Bills, South Florida Condo Owners Are Now Knocking On Developers' Doors
Condo owners across South Florida are taking buyouts into their own hands as mounting repair bills, insurance hikes, and looming reserve deadlines push older buildings toward financial crisis. Following Florida’s strict post-Surfside recertification laws, many associations face skyrocketing HOA fees — in some cases from $800 to $2,000 per month — leaving owners eager to sell to developers. Despite a short extension under House Bill 913, costs remain overwhelming, and buyouts can take years as developers grow more selective and cautious. Industry experts say unity among owners is key to moving deals forward as the condo buyout trend reshapes Miami’s skyline.
Most retail, hospitality employers prepared for worker organizing
Retail and hospitality employers are better prepared than most industries to handle unionization efforts, according to Littler’s 2025 Labor Survey. While 36% of non-unionized employers overall say they are “not prepared at all,” that number falls to just 19% in retail and hospitality. Employers in these sectors are more likely to train frontline managers (76% vs. 52% overall), but few have strike contingency plans or detailed bargaining strategies. The report also highlights Gen Z’s growing influence, with younger workers driving demand for more input in business decisions, as well as unions’ increasing use of digital campaigns, social media, and public demonstrations to organize.
SEC says former RadioShack buyer ran a Ponzi scheme, unprofitable brands
The SEC has accused Retail Ecommerce Ventures (REV) co-founders Tai Lopez and Alexander Mehr, along with COO Maya Burkenroad, of running a $112 million Ponzi scheme. Regulators allege the executives misled investors about the profitability of their retail portfolio — which included RadioShack, Pier 1 Imports, Dress Barn, and Stein Mart — while misappropriating funds for personal use. Despite public claims of strong performance, internal records revealed steep losses across REV’s brands. The lawsuit, filed in Florida, seeks civil penalties and a jury trial.




