Joann's final chapter is unfolding as its 790 store leases and five distribution centers hit the auction block. With bidding set for April 16 and the auction scheduled for April 22, prime retail spaces across 49 states are up for grabs, offering opportunities for businesses looking to expand. The 82-year-old fabric and crafts retailer, which filed for bankruptcy in January, will keep stores open for going-out-of-business sales through May. Industry leaders see this as a rare chance to transform high-traffic locations into thriving new ventures, from specialty retail to entertainment hubs. As Joann winds down, its real estate and intellectual property are poised for reinvention.

Rising tariffs are already driving up construction costs, with key materials like iron, steel, and lumber seeing notable price hikes. Analysts warn that continued tariffs could further strain both commercial and residential projects, forcing contractors to adjust budgets and strategies. Homebuilders are also feeling the squeeze, with new residential construction permits declining and affordability concerns growing. Experts predict rising costs could slow home production and further limit inventory, worsening the ongoing housing crisis. As the industry braces for more tariff-related turbulence, collaboration and strategic planning will be crucial to navigating the challenges ahead.

Forever 21 is once again filing for bankruptcy in the U.S., struggling to keep up with fierce competition from Shein and Temu. The retailer’s operator, F21 OpCo, plans to wind down its U.S. business while seeking buyers for its assets, with liquidation sales already underway at its 360 stores. However, the brand's international stores remain unaffected. Authentic Brands Group, which owns Forever 21’s intellectual property, is actively seeking new partners to revive the brand. The company cites rising costs, economic challenges, and fast-fashion rivals leveraging tax exemptions as key factors in its decline. Despite the turbulence, Forever 21's iconic name may still have a future under new leadership.

Miami has transformed from a sun-soaked entertainment hub to a booming proptech powerhouse, attracting startups and investors eager to tap into its dynamic real estate market. With a strong focus on multifamily properties and high-rise developments, companies like Deepblocks, DoorLoop, and Equity 305 are leveraging technology to reshape real estate investment, property management, and home flipping. Venture capital is also fueling Miami’s rise, with firms like Lab Ventures and Lennar’s LENX portfolio backing innovative startups. While the city's proptech ecosystem is thriving, experts say widespread adoption by traditional real estate firms will be key to unlocking its full potential.

As the Trump administration moves to shed federal real estate, experts question whether leasing will take precedence over ownership. Traditionally, the government has preferred owning, as it’s more cost-effective for long-term use. However, with aging properties and high maintenance costs, leasing may become more attractive—though the process is lengthy and subject to Congressional approval. The GSA aims to consolidate its footprint, mirroring private-sector trends toward higher-quality, efficient spaces. While cutting federal real estate is a key goal, experts agree the process will be complex and slow-moving, with longstanding procedures and agency-specific needs shaping the outcome.

Retail foot traffic took a tumble in February, with mall visits dropping 5.1% from January and downtown retail seeing its first monthly decline since 2019, according to MRI Software. Year-over-year, downtowns were hit hardest with a 6.4% decline, while malls held steady with just a 0.4% dip. The biggest traffic slides occurred in the evenings, down 8.3% across both retail categories. Blame it on winter weather, economic uncertainty, and seasonal flu—though Valentine’s Day provided a bright spot, boosting mall traffic by 42.2% over last year. Looking ahead, March events like St. Patrick’s Day, spring break, and March Madness could bring shoppers back, but looming tariffs may dampen consumer spending.

Taco Bell is going big on global expansion, with plans to triple its international locations to over 3,000 by 2030 as part of its R.I.N.G. The Bell initiative. The fast-food giant is set to break into nine new countries, including France, Greece, and South Africa, while ramping up growth in key markets like the U.K. and India. After a record-breaking year in 2024—hitting $1 billion in profit and $6 billion in digital sales—Taco Bell is doubling down on innovation and aggressive growth. With bold plans to boost U.S. sales and expand worldwide, the brand is proving it’s not just different—it means business.

Forever 21’s struggles are mounting as the fast-fashion retailer reportedly prepares to close its downtown Los Angeles headquarters and lay off 358 corporate employees. The company, which has been exploring bankruptcy and shuttering stores, filed a WARN notice signaling the layoffs will begin in April 2025. Remaining staff will shift to remote work as the brand seeks cost-cutting measures and strategic alternatives. Once a retail giant, Forever 21 continues to battle fierce online competition from Shein and Temu, shifting consumer trends, and financial pressures that could push it toward a second bankruptcy.