REAL ESTATE

  • Starbucks opens three stores in Hanoi

    Seattle – Starbucks is opening three new stores in Hanoi, Vietnam. The stores will add to Starbucks’ established Vietnam presence of eight stores in Ho Chi Minh City.

    Starbucks opened the first of the three stores on July 23. All three will be located near shopping malls or office buildings. Starbucks is not publicly saying how many stores in Vietnam it ultimately plans to open. The company first entered the Vietnamese market in 2013.

     

  • Inland Real Estate Income Trust acquires shopping Center in Wisconsin

    Oak Brook, Ill. — Inland Real Estate Income Trust announced the acquisition of the 86,800-sq-ft. Pick ‘n Save Shopping Center in West Bend, Wisconsin. Lou Quilici, senior VP of IREIT Business Manager & Advisor, Inc., assisted Matthew Tice, VP of Inland Real Estate Acquisitions in the purchase of the property.

  • Sam’s Club opens in Oxford, Alabama, July 24

    Bentonville, Ark. - Sam’s Club will open a new store in Oxford, Alabama, on July 24. The store will bring 170 jobs to the community

    A number of health and wellness services will also be available, including a pharmacy, optical center and hearing aid center.

     

  • Juan Valdez launches Miami expansion; 60 stores planned

    Bogota, Colombia – Colombian coffee retailer Juan Valdez has opened the first of 60 planned stores in Miami, with official grand opening scheduled for July 28. The downtown location is the first Juan Valdez store in Miami besides an existing store at Miami International Airport.

  • Sears Outlet Stores expands Kansas City center

    Hoffman Estates, Ill. - Sears Outlet Stores has leased a 354,000-sq.-ft. former Sears location in Kansas City, expanding outlet store operations and services and developing a new central distribution center for the South-Central region. This new repaird and distribution center is expected to create nearly 160 new jobs to be filled by Kansas City locals.

  • Crocs to shutter stores, cut workforce

    New York -- Footwear maker Crocs Inc., best known for its colorful plastic clogs, announced a major restructuring that includes closing stores and job cutbacks.

    The plan comes on the heels of the company's disappointing second-quarter earnings results. Earlier this month, Crocs reported that second-quarter profit fell 44% to $19.7 million.

  • Confidence Game

    The economic trend for some time now has been a slow and meandering recovery. Despite improving consumer confidence numbers, a surprising first quarter GDP decline of 2.9% speaks to that uncertainty. Retail analysts and observers have a tendency to blame the weather whenever we have a bad economic quarter or when retail sales are unexpectedly sluggish, but I tend to be a little dubious of those explanations. Last winter was definitely rough enough to impact spending, but I don’t think it’s enough to explain the continued issues into the spring.

  • Levin Management brings Staples to New Jersey shopping center

    North Brunswick, N.J. - Staples has leased a 14,000 sq. ft. space at North Village Shopping Center in North Brunswick, N.J. Levin Management, exclusive leasing and managing agent for the 132,000-sq.-ft. center, negotiated the lease.

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