REAL ESTATE

  • Taubman to acquire Chinese retail property consultancy for $24 million

    Bloomfield Hills, Mich. -- Shopping center owner Taubman Centers reported Monday that its Taubman Asia division will acquire 90% controlling interest in TCBL Consulting Limited, a Beijing-based retail real estate consultancy with seven offices in mainland China.

  • CBRE announces exec promotion

    New York City -- CB Richard Ellis Group, Inc. announced Tuesday that Matt Van Buren has been promoted to president, New York Tri-State Region.

    Van Buren joined CBRE in January 2006. Previously, he served as executive managing director, with responsibility for CBRE's Midtown Manhattan brokerage division, as well as all activities relating to the firm's operations at its New York City headquarters at 200 Park Avenue.

  • Sports Authority to open six stores on Aug. 13

    Englewood, Colo. -- Sports Authority said Tuesday it will open six new stores on Aug. 13.

    The new stores will open in five states, and include the major markets of Miami, Los Angeles, Salt Lake City, Chicago and Milwaukee.
     

  • Divaris Real Estate names general broker

    Virginia Beach, Va. -- Divaris Real Estate announced Tuesday the appointment of Eric Bucklew as general broker for its Virginia Beach office.

    Bucklew will focus on retail sales and leasing services to support the expansion of DRE's portfolio of leased and managed properties in the Hampton Roads, Va., region.

  • Regency Centers purchases Rockridge Center for $20.5 million

    Jacksonville, Fla. -- Regency Centers said Monday it has acquired Rockridge Center, a 125,213-sq.-ft. grocery-anchored neighborhood center in Plymouth, Minn.

    The property was purchased in an off-market transaction for $20.5 million from private real estate development company Hempel Properties.

    This is the second grocery-anchored shopping center acquisition by Regency within 45 days.

  • Plugging in to outlet centers

    New York City -- In his most recent column “Retail Rap with Jeff Green,” Chain Store Age columnist Green challenges the advent of outlet centers, questioning whether there are enough viable outlet center markets to support the growing number of developers who are plugging into the shopping center format.

    Click here to read Green’s column.

  • CBL selects Brandon Agency for media planning, buying

    Myrtle Beach. Fla. -- CBL & Associates Properties recently selected The Brandon Agency to provide media planning and buying services for 75 malls and shopping centers in 25 states.

    The scope of services the agency will provide CBL includes guerilla advertising, Facebook pay-per-click, media planning, media buying, and media placement in print, broadcast, cable, radio and internet media outlets.
     

  • Two new leases signed at The Shops at Highland Village

    Highland Village, Texas -- Jacksonville, Fla.-based Regency Centers said it has leased retail space to two new tenants at The Shops at Highland Village, located in Highland Village, Texas.

    Soma Intimates will open a 2,793-sq.-ft. store in August, and local women’s and children’s retailer Megan’s Lifestyle Boutique has leased 2,000 sq. ft. for an October opening.

  • Cabela’s to build store in Rogers, Ark.

    Sydney, Neb. -- Cabela’s announced plans to build a store in Rogers, Ark. The 100,000-sq.-ft. store, Cabela’s first in Arkansas, is scheduled to open in the summer of 2012. The retailer also has also announced plans to build stores in Wichita, Kan., and Tulalip, Wash., as well as Saskatoon, Saskatchewan, Canada, all expected to open in 2012.

  • Regency Centers leases 20,771 sq. ft. at Peartree Village

    Brentwood, Tenn. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space to four new tenants at Peartree Village, located in in Brentwood, Tenn.

    Petco opened an 11,120-sq.-ft. store, NeighborMD Urgent Care has leased 3,736 sq. ft. of medical office space, and Serenity Nail Spa has leased 2,339 sq. ft. First Watch, a breakfast, brunch and lunch restaurant, has opened its first Tennessee location in 3,586 sq. ft., occupying a former Hollywood Video space. All stores are now open, and the center is 100% leased.

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