REAL ESTATE

Save-A-Lot to open 75 stores in fiscal 2017
Save-A-Lot may be facing a possible spin-off from parent company Supervalu, but the chain is still bullish about its future. Supervalu is expected to announce the fate of its discount grocery banner next week, the St. Louis Post Dispatch reported, with Toronto private equity firm Onex Corp. the leading bidder if Supervalu does pursue a sale.
A very unusual type of grocer is expanding
There is no fancy packaging to be seen on the shelves of Bulk Nation. The Tampa-based grocer sells mostly unpackaged food, ranging from grains and pasta to spices and beans, all sold by weight, the Orlando Sentinel reported.

Across from the track, Daytona’s future takes shape

Driving your car on the beach and the Daytona International Speedway. Those are the things that have long defined Daytona Beach. Those and the legendary Bill France, Sr.
QVC, HSN’s Cornerstone looking to open stores in Manhattan

Two non-traditional retailers are on the hunt for space to set up shop in the Big Apple. QVC and Cornerstone, a division of HSN, are looking for real estate to open stores in the Herald Square area of Manhattan, the New York Post reported.
Inland exec receives Distinguished Service Award

Inland Private Capital Corp.’s Keith Lampi received the Distinguished Service Award from the Alternative and Direct Investment Securities Association during its recent annual conference in Las Vegas. "Keith has exhibited an honorable commitment to excellence and service to the industry while adhering to the highest ethical standards and quality performance," said ADISA executive director and CEO John Harrison in presenting the award.
Howard Hughes Corp. names new CFO

Experienced investment industry executive David R. O’Reilly has been named chief financial officer of The Howard Hughes Corporation and will assume the office on Oct. 17. He fills the vacancy left by retired CFO Andrew Richardson. O’Reilly joins the company from Parkway Properties, a Florida-based real estate investment trust whose portfolio is focused on office properties. Previously, he served in senior executive positions at Banyan Street Capital, Barclays Capital, and Lehman Brothers.
McWhinney names a ‘Mayor’ of Denver’s Dairy Block

Simon and General Growth Properties veteran Tom Martin has joined McWhinney’s development team as VP of mixed-use operations and general manager of Dairy Block. A McWhinney press release said that Martin will also hold the title of Mayor of Dairy Block, a mixed-use project the company is building in the Lower Downtown, or LoDo, section of Denver. The neighborhood houses Coors Field, Union Station, boutiques, and galleries.
Not your typical off-pricer set to make Brooklyn debut

Century 21 Department Store is set to open its doors on Fulton Street in downtown Brooklyn. The store, the off-price retailer’s 11th location, will occupy four floors and 140,000 sq. ft. at City Point, a 1.8 million-sq.-ft. retail, residential and office space under development. It officially opens on Oct. 11.
Google setting up shop in New York City

In what could be a prelude to a retail strategy, Google is doing up a pop-up in the Big Apple. The temporary outpost, called "Made by Google,” will open in downtown Manhattan, at 96 Spring Street, on Oct. 20, according to a notice on the search giant's website. It’s the same day that Google’s new smartphones, the Pixel and Pixel XL, go on sale nationwide.
Tanger breaks ground next to Texas Motor Speedway

Raceways appear to be the newest fertile ground for retail. International Speedway Corporation recently started construction at One Daytona, a mixed-use project across from Daytona International Speedway, and now Tanger Outlets has started up a new center a lap away from Texas Motor Speedway.