REAL ESTATE

  • Toys ‘R’ Us to cut back on holiday pop-up

    New York City -- Toys “R” Us will open fewer holiday pop-up stores this year, Reuters reported.

    In 2010, the chain opened some 600 temporary Toys “R” Us stores nationwide. But spokeswoman Kathleen Waugh said the company has decided to open fewer stores this holiday season, according to the report.

  • Walmart debuts neighborhood market concept in Nebraska

    Omaha, Neb. -- Wal-Mart Stores said it will build its first neighborhood market in Nebraska, a 34,000-sq.-ft. store opening in northwest Omaha.

    Walmart last week opened the first of five market stores opening by Nov. 2 in Wichita, Kan. It was the retail giant's first venture into that city with the smaller market stores.

    The full range of products to be sold at the new Walmart market includes fresh meats, vegetables, dairy products, dry goods and staples, bakery and deli items, canned and packaged goods, and pet and household supplies.

  • Yankee Candle expanding into Canada

    South Deerfield, Mass. -- The Yankee Candle Co. has opened its first company-owned retail stores in Canada. Yankee Candle will open five stores in the greater Toronto area before Sept. 16. The first three locations in Pickering, St. Catharine's and Hamilton, Ontario, are now open. In the coming weeks, the company will open stores in Barre and Kitchener, Ontario.

  • Tuesday Morning to open at Rio Grande Plaza

    Rio Grande, N.J. -- Centro Properties Group US said that Tuesday Morning will open an 8,094-sq.-ft. store at Rio Grande Plaza, located in Rio Grande, N.J.

    Centro Properties Group, based in New York City, is the owner of Rio Grande Plaza.
     

  • Cypress Retail to lease four Safeway-owned centers in Los Angeles

    Los Angeles -- X Team International announced that Los Angeles-based partner Cypress Retail Group has been retained by Property Development Centers, a wholly owned subsidiary of Safeway Inc., to serve as the leasing agent for four shopping centers under development and redevelopment in the Los Angeles area.

    The four shopping centers, located in La Canada, La Crescenta, Eagle Rock and Pasadena, are all being redeveloped, renovated or expanded, and are anchored by Vons, a Los Angeles-based, Safeway-owned grocery store.
     

  • SRS Real Estate Partners names associate

    Dallas -- SRS Real Estate Partners has announced the hiring of Jon Switzer as an associate in the Austin/San Antonio office.

    Switzer will specialize in landlord representation, tenant representation, and be a part of the new SRS Urban team.
     

  • Tommy Bahama to open at Town Center at Boca Raton

    Boca Raton, Fla. -- Indianapolis-based Simon Property Group said that Tommy Bahama will open a new store at Town Center at Boca Raton, located in Boca Raton, Fla.

    The new 3,400-sq.-ft. store is slated to open Sept. 1. The grand opening is scheduled for Sept. 10.

  • CBL announces Phase II construction start on The Forum at Grandview

    Madison, Miss. -- Chattanooga, Tenn.-based CBL & Associates Properties has announced the start of construction on Phase II of The Forum at Grandview, a community center in Madison, Miss.

    The 83,000-sq.-ft. second phase will include anchors Ulta, Homegoods, Petco and a national arts and crafts retailer, along with 14,000 sq. ft. of specialty stores. The opening of phase II is scheduled for summer 2012.

  • Romo Italian Designers to open at Crossing Shopping Village

    Miami Beach, Fla. -- Terranova Corp. said that men’s fashion retailer Romo Italian Designers will open a 1,020-sq.-ft. store at the Crossing Shopping Village, in Miami.

    The location is a first for the retailer under the Romo Italian Designers banner. The store is slated to open by the end of August. 

    The Crossings Shopping Village is anchored by Publix, and tenanted by CVS, Blockbuster Video and Chicken Kitchen.
     

  • Marcus & Millichap announces exec promotions

    Encino, Calif. -- Marcus & Millichap Real Estate Investment Services said it has promoted Brian S. Munn to the position of VP investments in the company’s Atlanta office.  Most recently, Munn held the position of senior associate.

    The company also announced that it has promoted Kyle B. Matthews to the position of VP investments in its Encino, Calif., office. Most recently, Matthews held the position of associate VP investments.
     
     

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