REAL ESTATE

Simon Premium Outlets heads into 2015 with 6.4 million sq. ft. in development
Simon Premium Outlets heads into 2015 with 6.4 million sq. ft. in development New York - Simon Property Group is expanding its Premium Outlets portfolio with a worldwide development pipeline of 6.4 million square feet and a total investment of $2.5 billion.
Phillips Edison adopts LOC Card to enhance customer engagement
Cincinnati - Phillips Edison & Company announced a partnership with the LOC Card, a consumer engagement platform from LOC Enterprises which allows customers to participate in merchants’ loyalty programs and access their data and information from each program all in one place.

Neiman Marcus will anchor The Shops at Clearfork

Fort Worth, Texas - Simon will partner with Cassco Development Co. to develop the first phase of retail on the Edwards Ranch in Fort Worth into an approximately 500,000-sq.-ft. shopping destination. The Shops at Clearfork will be anchored by Neiman Marcus and include 100 high-end specialty stores, a premium luxury theater, and distinctive restaurants.
Simon announces plans to build Tulsa Premium Outlets

Tulsa, Oklahoma - Simon announced plans to bring Tulsa Premium Outlets to northeast Oklahoma. The project will be built in two phases at the intersection of US Highway 75 and West 61st Street in Tulsa. The first phase of the build out will be approximately 318,000 sq. ft. and an additional 82,000 sq. ft. will make up the second phase for a total of 400,000 sq. ft.
DLC Management announces 2.6-million-sq.-ft. portfolio acquisition
Tarrytown, New York - DLC Management Corporation announced its latest acquisition of 11 retail assets in New York, North Carolina, Arkansas and Tennessee totaling 2.58 million sq. ft., of which 1.73 million sq. ft. is owned property. According to DLC, this acquisition is the largest in its history. The The properties include:
- 2015 Walden Avenue, 26,500 sq. ft. – Cheektowaga, New York
- Batavia Commons, 49,431 sq. ft. – Batavia, New York
Five top U.S. markets for luxury retailers

New York - New York, Chicago, Las Vegas, Miami and San Francisco rank at the top of the list, reporting the highest luxury sales in per square foot, according to JLL’s “The New World of Retail Report.” But while core metro areas ranked at the top of the list of preferred locations, several emerging retail markets like Dallas, Houston and Orlando possess the attributes for longer term success driven by ongoing population and income growth.
Heslin Holdings acquires retail property in Albuquerque for planned redevelopment

Laguna Hills, Calif. — Heslin Holdings, Inc., a privately owned commercial real estate investment and development firm, has purchased 1640 Rio Rancho Blvd., aretail property located in Rio Rancho, a city within the major metropolitanregion of Albuquerque, N.M. The firm will redevelop and re-tenant the property as part of a value-add investment strategy. Additionally, the firm has announced plans to invest up to $100 million in commercial properties in 2015.
H&M’s upscale COS brand opens in SoHo

New York — Swedish fashion giant H&M’s higher-end brand COS will make its New York debut on Friday, in the SoHo section of Manhattan. It’s the brand’s second U.S. store—the first, in Los Angles, opened in October.
COS, known for its clean lines and minimalist look, targets a more sophisticated customer than the more value-priced H&M. The SoHo store has a upmarket feel and gallery-like look, enhanced by the use of glass and white-washed wood.
Starbucks’ new Roastery format dazzles; will serve as launchpad for 100-store chain
Avison Young completes $15 million sale of Brannon Crossing

Atlanta - Avison Young has completed the $15 million sale of Brannon Crossing, an upscale shopping center with 60,780 sq. ft. of leasable space located at 405-435 Peachtree Parkway in Cumming, Georgia, just outside of Atlanta. The transaction comes on the heels of the firm’s recent disposition of the 27,057-sq.-ft. Lindbergh Crossing Shopping Center in Atlanta for $7.06 million.