REAL ESTATE

  • Miracle Mile Shops plans 60,000-sq.-ft retail/restaurant redevelopment

    Las Vegas -- Miracle Mile Shops at Planet Hollywood Resort & Casino has begun planning efforts to convert space Harmon Avenue, a 60,000-sq.-ft. area on Miracle Mile Shops’ south end that draws in heavy foot traffic from Las Vegas Boulevard into a restaurant and entertainment destination.

  • Destination Maternity opens 46 in-store shops in Mexico

    Philadelphia -- Destination Maternity Corp. announced the start of its planned expansion into Mexico with the opening of 46 Destination Maternity  branded shop-in-shops through a previously announced international franchise agreement with El Puerto de Liverpool, S.A.B. de C.V., the largest department store operator in Mexico.

  • RKF expands headquarters office

    New York — RKF has announced that it will lease the entire seventh floor of 521 Fifth Avenue in midtown Manhattan.

    With the expansion RKF will occupy 20,987 sq. ft., roughly 30% more space than the current lease. The expansion will enable the firm to increase its ranks by 25%.

     

  • Anthropologie plans first Hampton Roads store

    Virginia Beach, Va. — Anthropologie has signed a 9,431-sq.-ft. lease in The Town Center of Virginia Beach, Va., and expects to open in fourth quarter 2014. The McDevitt Co. represented Anthropologie in the transaction. Divaris Real Estate, which leases The Town Center, represented the landlord, Armada Hoffler Properties.

  • New Kroger shopping center for Castle Hills, Texas

    Lewisville, Texas — Kroger and retail developer Cencor Realty Services will break ground on a 123,000-sq.-ft. Kroger Marketplace this week. Slated to open in the first quarter of 2015, the new Kroger will anchor a community-regional-draw center located in the 2,500-acre master-planned community of Castle Hills, Texas.

    In addition to the Kroger Marketplace, the center’s first phase will include 40,000 sq. ft. of in-line retail space and several ground sites for national restaurant concepts that have not been announced yet.

  • Cherry Hill Mall and GoMoto aim to change auto retail

    Philadelphia — Want to buy a car? Check out the automotive showroom at Pennsylvania Real Estate Investment Trust’s Cherry Hill Mall.

    PREIT has undertaken a three-month partnership with GoMoto, an automotive tech company that aims to change the way people shop for cars.

  • Carrabba’s inks deal for Venice, Florida, restaurant

    Venice, Fla. — Carrabba’s Italian Grill has signed a long-term ground lease for a 1.31-acre outparcel in the parking lot of the Lowe’s Home Improvement store in Venice, Florida. Carrabba’s plans to begin the construction of a new restaurant immediately, with the grand opening slated for late this year.

  • RPAI acquires six retail assets in JV dissolution

    Oak Brook, Ill. — Retail Properties of America has announced an agreement to acquire six multi-tenant retail assets through the dissolution of its MS Inland joint venture. The joint venture owns the portfolio, with 20% owned by RPAI and 80% owned by RPAI’s partner. RPAI will acquire its partner’s 80% interest in the six properties.

  • Charming Charlie to South Shore in Alameda, California

    Alameda, Calif. — Charming Charlie has signed a 10-year lease for a new 5,570-sq.-ft. store at Alameda South Shore Center in Alameda, California. Cornish & Carey Commercial Newmark Knight Frank represented the landlord, Jamestown, the real estate investment and management firm, in the transaction.

    Slated to open in September, the new Charming Charlie will join Carter’s and Crazy 8, two more recently signed tenants, in the 594,000-sq.-ft. open-air shopping center.

  • WinCo to open distribution center in Phoenix

    Boise, Idaho — WinCo Foods LLC has announced that it will begin shipping from its new distribution center in Phoenix. With more than 900,000 sq. ft., the new center will service 19 WinCo Foods stores located in Arizona, Southern Nevada and Southern California, a little more than half of the facility’s capacity.

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