REAL ESTATE

  • Sportech to debut new sports concept

    New Haven, Conn. -- Sportech Venues, owner and operator of Winners sports bars and OTB in Connecticut, will launch a major new concept in sports entertainment at the Bradley Teletheater adjacent to Bradley International Airport, in Windsor Locks. Construction concludes shortly, with the opening planned for early January 2014.

  • Mall operators Simon, Macerich, and Westfield launch same-day delivery with Deliv

    Palo Alto, Calif. -- Deliv, the same-day delivery company, announced alliances with three of America’s largest mall operators, Simon Property Group, Macerich, and Westfield, to provide the convenience of same-day service to shoppers in malls across the U.S. starting this holiday season. This follows a similar same-day delivery partnership announcement from General Growth Properties (GGP).

  • Sarah’s Kitchen inks Midtown Manhattan lease

    New York — Sarah’s Kitchen has signed a lease for a 9,150-sq.-ft. space at 270 Madison Ave., between East 39th and East 40th Streets in Midtown Manhattan. Expected to open in third quarter 2014, the eatery will occupy approximately 6,350 sq. ft. on the ground floor and 2,800 sq. ft. in a mezzanine.

    PD Properties represented Sarah’s Kitchen, which is part of the same restaurant group that operates Delmonico’s Gourmet Food Market. Winick Realty Group represented the landlord, ABS Partners in the transaction.

  • Belk to Juban Crossing in Livingston Parish, La.

    Charlotte, N.C. — A 75,000-sq.-ft. Belk will anchor the Juban Crossing lifestyle center in Livingston Parish, La., in the fall of 2014. Construction of the $7 million store will begin in February.

  • Shopko announces plans for two new Hometown stores

    Green Bay, Wis. -- Shopko announced plans to open two new Shopko Hometown stores. The stores, which will average 36,000 sq. ft., are located in Mayville, Wis., and Valentine, Neb.

  • CBRE: Retail real estate shows strongest growth

    Los Angeles — Retail real estate showed the strongest growth in capital values and rents of all property types globally in the third quarter of 2013, according to CBRE Group, Inc.

  • RMC names new director of property management

    Tampa, Fla. — RMC Property Group has named Sharon Rogers-Barron director of property management for the company. She will oversee the day-to-day property management and financial performance of RMC proprietary properties and third party managed assets.

  • Texas retail center valuations boom

    Houston — Exceptional job growth, population gains and improved retail fundamentals have significantly elevated the sales prices for shopping centers in Texas over the last year, according to Deal Sikes & Associates, a Houston-based real estate valuation and counseling firm.

    Some retail properties have increased in value more than 20 percent in 2013, compared to last year, added Matthew Deal, principal at Deal Sikes & Associates.

  • The Fresh Market is going to Jupiter, Fla.

    Jupiter, Fla. — The Fresh Market has signed on as anchor tenant at The Shops at Fisherman’s Wharf in Jupiter, Fla., according to Elion Partners, a real estate investment firm that acquired the property in August. The specialty grocer plans to open in the summer of 2014.

    Now under renovation, the 5.5-acre shopping plaza will soon resemble a European village with a pedestrian-friendly setting and a selection of new retailers.

  • JLL closes sale of Houston’s Northwest Crossing Centre

    Houston — Jones Lang LaSalle’s Capital Markets group has closed the sale of Northwest Crossing Centre, a 179,469-sq.-ft., fully leased shopping center in Houston. USA Properties purchased the property from Weingarten Realty. JLL secured 10-year, fixed-rate financing for the acquisition.

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