REAL ESTATE

Seattle -- Nordstrom announced plans to open a new Nordstrom Rack in Temecula, Calif.

The 35,700-sq-ft, store is scheduled to open during spring 2012 at Commons at Temecula, a regional shopping center. It will occupy the former Linens 'n Things space.
 

Tempe, Ariz. -- Self-serve frozen yogurt concept Yogurtini said Thursday it will open the first of 10 stores planned for the southern Florida area.

A unit in Coral Springs, Fla., will open on Oct. 1, marking the first of 10 franchise locations through an area-development deal with Emilio and Javier Braun.

The brothers, who are based in Miami, are in the process of opening stores in Davie, Fort Lauderdale and the Hammocks Community in South Miami-Dade County.
 

As part of our in-depth coverage of mixed-use developments – see the October 2011 issue of Chain Store Age – we talked with Rob Wetherald, VP development for Peoria, Ill.-based Cullinan Properties, Ltd., owner and developer of the Streets of St. Charles mixed-use project in metro St. Louis, about how the format draws, and supports, retail.

How important are design and amenities to today’s mixed-use projects, especially with regard to the retail component?

Cherry Hill, N.J. -- As part of the $200-million redevelopment of Cherry Hill Mall, in Cherry Hill, N.J., Zumiez has added a 2,444-sq.-ft. store near the Grand Court of the mall.

The Pennsylvania Real Estate Investment Trust (PREIT) property also added shoe retailer Traffic with a 1,500-sq.-ft. store in the J.C. Penney wing, and natural food retailer Pure Health Bar is slated to open in November.

Columbus, Ohio -- DSW said Thursday that it opened two new stores on Sept. 28.

A new store opened at Vintage Oaks Shopping Center in Novato, Calif., and a new store opened the same day in Boise, Idaho, at Franklin Towne Plaza.

 

New York City -- Centro Properties Group US is changing its name to Brixmor Property Group, effective immediately. The name change follows the acquisition of the company in June by an affiliate of Blackstone Real Estate Partners VI L.P.

Brixmor is the second largest owner of community and neighborhood shopping centers in the United States with 585 properties aggregating approximately 92.0 million sq. ft. and has been a leader in value-creating redevelopment over the last decade.

Menomonee Falls, Wis. -- Kohl’s Department Stores on Wednesday marked the grand opening of 30 stores across 20 states. The company announced it also is remodeling approximately 100 stores this year, an 18% increase from 2010.

Dallas -- SRS Real Estate Partners said Tuesday that it has hired three new team members in the Newport Beach, Calif., office.

Steve McClurkin, Garrett Colburn and Nichole Slykhous have joined the SRS Newport Beach office to focus on tenant representation, specializing in expanding national retail and restaurant concepts. They will also continue consulting with landlords on outdoor malls/lifestyle centers throughout the western United States.