REAL ESTATE

  • Year-end Review: New York’s Best Store Revamps

    New York City -- It’s true: Everything old is new again. New York City’s retail maven, Faith Hope Consolo, chairman of Prudential Douglas Elliman’s Retail Leasing, Marketing & Sales Division, has put together a list of her favorite store makeovers of the past year. As Consolo notes, even the most iconic stores must constantly present a new, fresh face to keep shoppers coming. Here are her faves:

  • Streetsense designs new La Madeleine prototype

    Bethesda, Md. -- Archiecture and design firm Streetsense said Monday it has created an all-new interior design scheme for La Madeleine French Country Cafe, a national chain of French-themed fast-casual restaurants.

    A 1,194-sq.-ft. restaurant using the new prototype design is now open at Northpark Center in Dallas, while another is under construction in Tulsa, Okla. La Madeleine also has engaged Streetsense to design two new stores planned for the Washington, D.C. metropolitan region, one in Tysons Corner, Va., and one in Silver Spring, Md.

  • RMC Property Group names leasing exec

    Tampa, Fla. -- RMC Property Group said that Charles Boscarino has joined the company as the newly appointed VP of leasing. 

    Boscarino replaces Bobby Eggleston, who has been promoted to VP of RMC and will be involved in the areas of acquisitions and new development.

    Boscarino previously served as VP real estate and store development for Bealls Stores, where he was primarily responsible for the development, expansion, and marketing of 500 stores in 14 states.

  • T.J. Maxx to open at Ridge Hill

    Yonkers, N.Y. -- Aries Deitch & Endelson said that a lease was recently signed by TJX Cos. for a 32,000-sq.-ft. T.J. Maxx store slated to open this spring at Westchester County’s Ridge Hill, the New York metropolitan area’s largest mixed-use outdoor shopping center. 

    Located in Yonkers, the lifestyle center, which is owned by Forest City Ratner Cos., spans more than 81.4 acres and includes 1.3 million sq. ft.

  • CBRE announces promotion

    Los Angeles -- CBRE said Friday that Michael F. Smith has been promoted to president of the company’s Western Division. Smith, who has led CBRE’s San Francisco Bay area operations since 2002, succeeds Steven Swerdlow, who has been appointed COO of the Americas.

    In his new role, Smith will direct CBRE’s operations in more than 46 offices in nine states, with responsibility for all lines of business. He will continue in his role as Bay Area market leader until a successor is named.
     

  • LaVida Massage debuts in Pittsburgh

    Commerce, Mich. -- LaVida Massage announced the opening of its first center in Pittsburgh, slated to open in late December at Shadyside Shops.

    The 2,800-sq.-ft. location will feature nine regular massage rooms, two couples massage rooms and an aesthetics room. It will be owned and managed by brothers and franchisees Gary and Michael Kohanbash.

  • Walmart Market to debut near Atlanta

    Tarrytown, N.Y. – DLC Management Corp. announced a new deal signed with Wal-Mart Stores to open a 44,271-sq.-ft. Walmart Market at DLC’s Bethesda Walk Shopping Center in Lawrenceville, Ga.

    The deal, which was finalized on November 21, marks the grocery-only concept’s first store in the Atlanta metro area.

  • Sabre Real Estate names exec

    Garden City, N.Y. -- Sabre Real Estate Group said that Scott Sher has been named senior VP of the retail real estate brokerage firm.

    Formerly director of real estate-northeastern region at Katz & Associates Corp., of Pearl River, Sher specializes in tenant and landlord representation in the New Jersey, Manhattan, Outer Boroughs, Westchester and Long Island markets.
     

  • Rue21 opens new locations in Paris, Texas and Chickasha, Okla.

    Dallas -- Venture Commercial Real Estate said it has represented rue21 in lease negotiations for two new store locations that opened in November in Paris, Texas and Chickasha, Okla.

    The Paris store is in a 7,162-sq.-ft. space in Paris Towne Center, and the Chickasha store is located in the Southland Shopping Center.
     

  • Duane Reade unveils expanded store format

    New York City -- Duane Reade, a division of Walgreens, spotlights its “New York Living Made Easy” format on Friday with the unveiling of its expanded store located at 1657 Broadway in New York.
    The new 24-hour location reflects the chain’s focus on rebranding and aggressive transformation initiatives to date.

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