REAL ESTATE

GameWorks coming to Mall of America’s fourth floor
The fourth floor of the Mall of America, which has long been a center of night-time activity at the Bloomington, Minnesota, institution, continues to undergo an overhaul.
Cushman names director of Palm Beach brokerage
Cushman & Wakefield has tapped Dominic Delgado as senior director of its retail brokerage for Palm Beach and Broward County, Florida. Delgado moves over to Cushman from LDR Partners, a Florida firm that focused on acquisition of low-performing retail, office, and hospitality real estate during the recession. As executive VP there, Delgado represented a mix of national and regional developers and REITs.

Pet supplies retailer continues store expansion

PetSmart was busy opening stores during its first quarter. The retailer opened 18 new stores in the U.S. and Canada in its fiscal quarter ending May 1, 2017. PetSmart opened 70 net new stores in 2016 and expects to open more than this number in fiscal year 2017.
Retail Springs anew in The Lone Star State

In 2000, the population of Conroe, Texas, north of Houston, was under 40,000. Today, the city named the fastest-growing in America (per U.S. Census Bureau) counts more than 80,000 citizens and newcomers are spilling over into neighboring communities.
Sears lowers the ax again

Sears Holdings continues to shrink its traditional store portfolio even as it plans to open more smaller, specialty stores. The embattled retailer on Friday announced that it will close 43 more locations -- eight Sears stores and 35 Kmart locations -- by early October. This is on top of the 265 store closings that it has already announced for this year.
Nordstrom Rack to open second Milwaukee location

Nordstrom will be erecting its second off-price Nordstrom Rack store in Milwaukee. The Seattle-based retailer has announced plans for a 26,800-sq.-ft. location at the Bayshore Town Center in the city’s North Shore. The Nordstrom Rack will be erected on the site of a vacated Sears at the Olshan Properties center, where a Total Wine & More store is also slated to take up some of the space.
Fort Worth mall embarks on a new voyage

“Ridgmar…has always had a good regional location, and that’s not something to give up on,” Weitzman broker Bob Young told the Fort Worth Star-Telegram. A fixture in the central Texas city since the 1970s, Ridgmar Mall is is replacing shuttered Neiman Marcus and Macy anchors with a SeaQuest Aquarium in an attempt to escape the fate of two other malls that have closed in Tarrant County: North Hills Mall in North Richland Hills and Six Flags Mall in Arlington.
Remade center means new train station for Illinois town

The town managers of New Lenox, Illinois, needed a new train station, so they bought a shopping center. It was three years ago that Mayor Tim Baldermann and New Lenox purchased the Rock Island Station Shopping Center, according to the Chicago Tribune. It invested more than $3 million in the site, which included buying out the businesses of the four stores there, demolishing them, and doing an environmental clean-up.
CBL taps Alan Lebovitz for key management role

CBL has named Alan Lebovitz senior VP of management to succeed Jerry Sink, who has retired after a 25-year career at the company. Lebovitz will oversee the staff and operations at the company’s 123 properties, a responsibility that encompasses some 300 employees and 77 million sq. ft. of retail.
New center gives boost to Georgia town

A new Publix-anchored center has brought 200 jobs and new shopping and dining opportunities to the 14,000-plus residents of Moultrie, Georgia, according to The Moultrie Observer. “We’d had 26 ribbon cuttings through March. There’s a lot of new businesses expansions, adding a few people here and there. Our unemployment rate continues to drop.” said Darrell Moore, president of the Moultrie-Colquitt County Development Authority.