REAL ESTATE

  • Burger 21 opens first Virginia Restaurant

    Tampa, Fla. — Burger 21, a new concept from The Melting Pot Restaurants, has announced the opening of its first restaurant in Virginia. To be located in Ashburn, the restaurant, which is approximately 3,200 sq. ft., will be one of four units planned for the Greater Washington, D.C., area.

    Currently, Burger 21 has 11 restaurants open and 17 franchised locations in development across the U.S. Plans call for a minimum of 15 additional restaurants in the Greater Washington, D.C., area.

     

  • The Retail Connection boosts development in Texas

    San Antonio, Texas — The Retail Connection has brought retail development veteran David Berndt on board to extend the company’s tenant driven retail development capacity. Berndt will join as Development Partner of The Retail Connection | Connected Development Services. In that role, he will lead the company’s development platform in Central and South Texas.

    The Retail Connection is expanding its capabilities across the board in Central and South Texas, adding senior brokerage leaders too.

  • Pizza Hut debuts new store formats

    Plano, Texas -- Pizza Hut has debuted new concept stores in York, Neb., and Pawtucket, R.I.

    The concepts feature an all-new "pizza by the slice" experience with slices cut from an 18-inch pizza.

  • Mid-America arranges sale of two RPAI centers

    Oakbrook Terrace, Ill. — Mid-America Real Estate Corp. has brokered the sale of two centers on behalf of Retail Properties of America.
     
    First, Phillips Edison & Company purchased the 134,229-sq.-ft. Duck Creek Plaza in Bettendorf, Iowa, for $19.7 million. Schnucks and Marshalls anchor Duck Creek Plaza, and Home Depot serves as a shadow anchor. Mid-America Real Estate Corp. in cooperation with Mid-America Real Estate — Iowa LLC brokered the transaction exclusively on behalf of RPAI.

  • CBRE: Tucson big boxes lease up in core locations

    Tucson, Ariz. — Big-box retail space in Tucson, Ariz., has been leasing up, with the highest demand focused in core regional mall hubs. Big-box spaces in peripheral areas of the city remain vacant.

    In the Park Place Mall area, for instance, big box properties are nearly fully leased, with some saying the area is ripe for redevelopment to accommodate future demand.

  • CBRE to manage properties for Carlson

    Los Angeles — The CBRE Group has signed a multi-year contract with Carlson to provide project management for select locations in the United States including the company’s world headquarters. Carlson is a family-owned, global hospitality and travel industry company with more than 1,300 hotels in operation and development and more than 900 restaurants worldwide.

  • NRF keynote: Traditional mall is dead

    New York -- In a hugely attended address kicking off the National Retail Federation’s 2014 “Big Show” at Javits Center in New York City, shopping center developer Rick Caruso challenged attendees – most of them retailers from the technology side of their companies – to remember the “human” side of retail.

  • O’Connor Capital acquires Palm Beach center

    New York — O’Connor Capital Partners has acquired 150 and 151 Worth Avenue, a 142,000-sq.-ft. luxury shopping center in Palm Beach, Fla. O’Connor made the acquisition on behalf of an institutional client.

    The Goodman Company developed the center from 1978 to 2001. Saks Fifth Avenue and Neiman Marcus anchor the center, which is also home to Gucci, Louis Vuitton, Tory Burch and Pucci as well as several other national and local tenants.

  • Nordstrom Rack to open in Dayton, Ohio

    Seattle — Nordstrom plans to open a 35,000-sq.-ft. Nordstrom Rack at The Greene Town Center in Dayton, Ohio, in the fall of 2014. Olshan Properties, formerly known as MPI, Mall Properties, Inc., manages The Greene Town Center.

    Nordstrom Rack has four other locations in Ohio, two of which opened this past fall in Columbus and Westlake. Another Rack location is set to open at Sun Center in Columbus this spring. Nordstrom operates three full-line stores in Ohio.

  • Robert Graham to open store at Mohegan Sun resort

    New York – Robert Graham has signed a new lease agreement to open a branded retail store featuring the full Robert Graham collection in The Shops at Mohegan Sun in Uncasville, Conn. The store will carry the complete range of Robert Graham apparel products.

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