Edge Realty Partners has announced the launch of Edge Realty Capital Markets, which will focus on the investment sales of retail, multi-family and healthcare properties.
Two months after Sears Holdings Corp. received a $150 million Illinois tax credit for cementing its plans to keep its home base in the state, it announced Monday that it would close six stores in Illinois.
Lowe’s Cos. reported that profit for the quarter ended Feb. 3 rose 13% to $322 million, compared with $285 million a year earlier.
Blockbuster parent Dish Network confirmed that it will close 500 underperforming Blockbuster video stores in the first quarter, which equates to about a third of its stores.
A report in Crain’s New York Business said that Dallas-based 7-Eleven, which currently has 12 c-stores in Manhattan, plans to open another 14 in 2012.
J. Crew has announced three new Canadian store openings, according to a report in the Financial Post.
HBD Construction said that it teamed with grocer Dierbergs to build a freestanding store in St. Louis that features an underground parking garage.
Gap Inc. reported that net income for the fourth quarter plummeted 40% on higher costs and aggressive discounting during the holiday selling season.
Bayer Properties announced that Jay Wiseman has been named VP of acquisitions for the company.