REAL ESTATE

  • CBRE sells Westover Marketplace in San Antonio

    Los Angeles — CBRE’s nation retail investment group has announced the sale of San Antonio’s Westover Marketplace Shopping Center on behalf of Coventry Real Estate Advisors. Inland American purchased the 242,664-sq.-ft. property for an undisclosed price.

    The Class A regional power center resides inside the Westover Hills master-planned development. It is 93.4% occupied.

  • McAlister’s plans 25 new franchise stores

    Alpharetta, Ga. -- McAlister's Deli has partnered with several lenders for franchise expansion nationwide. First Franchise Capital, Balboa Capital and Franchise America Finance have committed to financing new construction and remodels, as well as POS upgrades and equipment.

    In 2014, McAlister's will celebrate its 25th anniversary and expects to open 25 new restaurants in new and existing markets, including in Ohio, Texas, Pennsylvania, Wyoming, Arizona, New Mexico, Virginia and Florida, among others.

  • RadioShack opens Manhattan concept store

    Fort Worth, Texas -- RadioShack has opened its latest Manhattan concept store. The newly remodeled store is one of more than a dozen concept stores to open in Manhattan since RadioShack debuted the company's first concept store in July 2013.

  • AT&T to sponsor rooftop deck at Cardinals Nation

    Baltimore — The Cordish Cos. and the St. Louis Cardinals have announced that AT&T has joined Ballpark Village in St. Louis as the naming rights sponsor for the two-story seating deck atop Cardinals Nation. As part of a multi-year agreement, the Cardinals Nation ticketed deck will be known as the AT&T Rooftop.

  • RadioShack opens second California concept store

    Fort Worth, Texas — RadioShack has opened the company’s second California concept store in Sun Valley. RadioShack has been part of the Sun Valley community since opening in 1982. The new concept store has moved to a new location in Canyon Plaza.

  • Four new retailers sign into Fashion Valley

    San Diego — Simon Property Group has announced that AllSaints, Pink, lululemon athletica and Free People plan to open stores at San Diego’s Fashion Valley in coming months.

    British fashion house, AllSaints will open a 5,200-sq.-ft. space in late March. The international retailer now has 107 stores in eight countries.

  • Nordstrom delays Rack debut in Canada until 2017

    New York -- Nordstrom Inc. is delaying the opening of its Nordstrom Rack chain in Canada until 2017, in order to focus its attention on the launch of its full-line department stores there, The Globe and Mail reported.

    Nordstrom had initially planned to start opening Rack stores in Canada next year. But the company has decided to focus on  the openings of its six Canadian department stores (the first, in Calgary, is due to open this fall).

  • Walgreens opens on New Orleans Westbank

    Covington, La. — Stirling Properties has announced the opening of a full-service Walgreens in Terrytown on the Westbank of New Orleans. The new drugstore stands on the site of a former shopping center anchored by an A&P Grocery store and an Eckerd Drug store.

  • Simon launches retail innovation initiative

    Indianapolis — Simon Property Group has launched a new dedicated Simon Venture Group, a business that will invest in retail innovation, with a focus on opportunities that enhance the shopping experience.

    Mikael Thygesen, chief marketing officer of Simon Property Group said: "We believe we have only scratched the surface on applying technology to the retail environment in innovative, interesting ways."

  • Stanbery names partner for leasing and acquisitions

    Bexley, Ohio — Stanbery Development has named Marc Hays as a partner. He will focus on finding locations for new developments and acquisitions as well as leasing.

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