REAL ESTATE

  • Rick Caruso launches Linkedin Influencer blog

    New York -- Rick Caruso, founder and CEO of Caruso Affiliated has launched a new blog on LinkedIn Influencers, an exclusive blog site for influential thought leaders. To read his inaugural post, visit post, ”The Indoor Mall is Dead, But Physical Retail Thrives.”

  • Vornado to sell Broadway Mall in Hicksville, N.Y.

    Paramus, N.J. — Vornado Realty Trust has announced an agreement to sell the 1.1 million-sq.-ft. Broadway Mall in Hicksville, Long Island, N.Y., for $94 million to an unknown buyer. The company purchased the mall in 2005 for $152.5 million.

    In April 2012, the company announced its intention to reduce exposure to the enclosed mall business and to sell some of its other categories of retail shopping centers. This sale, Vornado’s last shopping center on Long Island, represents a continuation of that policy.

  • SRS names senior VP and market leader in Austin

    Dallas SRS Real Estate Partners has appointed Will Majors senior VO and market leader. Majors will focus on tenant and landlord representation. He will also be responsible for signing new clients and recruiting qualified brokers.

    Majors brings more than 12 years of experience in the retail real estate industry to his new post. Previously, he worked at Endeavor Real Estate Group where he was responsible for more than 2 million sq. ft. of transactions.

     

  • Steve Madden and Trebbianno lease19 West 34th

    New York — Steve Madden and Trebbianno have signed long-term leases totaling more than 60,000 sq. ft. at 19 West 34th Street, also known as the Martin Building, in New York City.

    Steve Madden is taking the entire fifth floor and part of the fourth and eighth floors and will use approximately 40,000 sq. ft. of the 14-story building. The space will serve as one of Steve Madden’s corporate offices and showrooms.

  • Wasabi opens on 7th Avenue in NYC’s Garment District

    New York — Wasabi, a London-based sushi and bento chain, has opened a two-floor 3,400-sq.-ft. store at 561 Seventh Avenue in New York City. Ripco Realty represented the landlord, Handler Real Estate Organization in the transaction. CWM represented the tenant.

    The flagship space is Wasabi’s first branch in the United States. With 36 locations in the United Kingdom, the chain plans to expand throughout Manhattan over the next 18 months.

  • Nordstrom Rack to open in Reno, Nev.

    Seattle -- Nordstrom announced plans to open a Nordstrom Rack at Redfield Promenade in Reno, Nev.

    The store is scheduled to open in spring 2015. Redfield Promenade is owned and operated by Kimco Realty Corp.
     
    "We're thrilled to bring a Nordstrom Rack to the Reno community," said Geevy Thomas, president of Nordstrom Rack. "This central retail location at Redfield Promenade is a good fit for us and we look forward to offering customers access to fashion at great prices when we open our doors next year."

  • SRS appoints director of research

    Dallas — SRS Real Estate Partners has appointed Matias Campins as director of research to the Dallas/Ft. Worth headquarters office. Campins will oversee the delivery of research services across the company and stay informed of research platform capabilities to ensure competitiveness within the retail industry.

  • Edens picks finalists in annual student Retail Challenge

    New York — Retail developer Edens has selected four finalists for its annual Retail Challenge, a nation-wide student competition for the most compelling new retail concept. The announcement of the winner kicks off this year’s smART: The Art of Retail conference.

    Both the Edens Retail Challenge and smART aspire to incubate new ideas, share knowledge and identify the next generation of industry thought leaders.

  • Fresh Thyme Farmers Markets plans 60 stores in five years

    Chicago -- Fresh Thyme Farmers Markets, a new specialty grocer format featuring value-priced healthy and organic offerings, announced Wednesday that it plans to open over 60 stores and create approximately 5,000 new jobs throughout the Midwest over the next five years. The company's first store will open in Mt. Prospect, Ill., this spring, followed by eight more grand openings, spread out between Illinois, Indiana and Ohio, throughout the remainder of this year. The retailer will enter Michigan, Missouri, Wisconsin and Minnesota in 2015.

  • Isaac Mizrahi to open in suburban Atlanta

    New York — Xcel Brands has announced the opening of the Isaac Mizrahi New York store in Woodstock, Ga., a suburb of Atlanta. The 2,000-sq.-ft. shop will open on March 29.

    Xcel Brands acquires, designs, licenses and markets consumer brands through an omnichannel sales strategy that includes interactive media, digital and brick-and-mortar retail. In 2011, the company acquired the Isaac Mizrahi New York designer apparel brand and an interest in Liz Claiborne

     

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