REAL ESTATE

  • Survey forecasts early holiday shopping and uptick in 2014 store openings

    North Plainfield, N.J. -- Forty-three percent of respondents to Levin Management’s annual pre-holiday retail sentiment survey believe that their holiday sales will peak prior to and during the Thanksgiving/Black Friday weekend sales period. In other notable results, 43.6% of respondents’ companies plan to open new stores in 2014 – a significant jump from 23% in last year’s pre-holiday poll and 35.9% the previous year.

  • Silverspot Cinema signs into University Mall

    Chapel Hill, N.C. — Silverspot has signed a lease for a 52,500-sq.-ft. movie theater at University Mall in Orange County, N.C. Four new boutiques, a high end sporting goods store and a new fine dining option have also signed leases recently.

    The new tenants are part of a redevelopment plan being carried out by owner Madison Marquette.

    Silverspot at University Mall, a theater and casual dining concept, will be the fifth U.S. location for the company, a division of Cines Unidos, one of the largest theater companies in South America.

  • Expansion-minded rue21 opens its 1,000th store

    Warrendale, Pa. -- Rue21 on Thursday celebrated the opening of its 1,000th store. Located in the Enid Crossing Shopping Center in Enid, Okla., the location is one of the company's new rueGuy format stores and features an expanded assortment of young men's apparel and accessories in addition to the girls' apparel, jewelry, footwear and beauty product.

  • Barnett Capital sells The Shoppes at Prime Village

    Chicago — Barnett Capital has sold The Shoppes at Prime Village in Schaumburg, Ill., to Integris Ventures for approximately $7.25 million, according to CBRE, which represented Barnett in the transaction.

    The acquisition is the first for Integris Ventures in the Chicago area.

    Built in 2008, the 38,313-sq.-ft. center is anchored by Aldi. Other tenants include Chicago Prime Steakhouse and Culvers.

  • 99 Cents Only opens two California stores Nov. 21

    City of Commerce, Calif. – 99 Cents Only Stores opens two new stores in California on Nov. 21. The stores will be located in the towns of Menifee and Corona.

    The Menifee store will measure 18,000 sq. ft., while the Corona store will measure 19,400 sq. ft. 99 Cents Only Stores currently operates 335 extreme value retail stores consisting of 241 stores in California, 44 in Texas, 33 in Arizona, and 17 in Nevada.

     

  • SL Green acquires interest in 650 Fifth Avenue

    New York — SL Green Realty Corp. and partner Jeff Sutton have announced the formation of a venture that has acquired a 49-year leasehold interest covering the entire retail portion of 650 Fifth Avenue. The transaction was completed with former U. S. Magistrate Judge Kathleen A. Roberts, the court-appointed federal monitor and interim trustee of the landlord, 650 Fifth Avenue Company.

  • Corner Bakery Café signs agreements for 23 new locations

    Dallas -- Corner Bakery Cafe announced the company has signed two new multi-unit franchise agreements to open new restaurants in Arizona and introduce its first restaurants in Wisconsin beginning in 2014.

    The fast-casual brand's new franchise partners include Blue Mountain Cafes, which plans to open 13 restaurants in Phoenix over the next seven years and Neo Fourno Inc., which plans to open ten new restaurants in Madison and Milwaukee over the next five years

  • Sam’s Club joins Stirling Bossier Shopping Center

    Covington, La. — Sam’s Club will join the tenant lineup at Stirling Bossier Shopping Center in Bossier City, La., according to an announcement by Stirling Properties. Construction of the new club store is underway. It is scheduled to open in the summer of 2014.

  • Big Drop leases Upper West Side store

    New York — Adding to existing locations in Manhattan and Miami Beach, Big Drop, the women’s clothing retailer, has leased a third New York City storefront at 253 Columbus Avenue in Manhattan’s Upper West Side. The new store has 650 sq. ft. on the ground floor plus a 400-sq.-ft. storage basement.

    Winick Realty Group represented Big Drop in the long-term lease transaction. Parkway East Properties LLL, the landlord negotiated on its own behalf.

    Big Drop’s other Manhattan stores are in SoHo and the Upper East Side.

  • European Wax Center inks upper west side deals

    New York -- European Wax Center, a national chain offering waxing services for men and women, has taken space in two upper west side locations, according to Winick Realty Group, which represented the tenant in both transactions.

    European Wax Center will occupy 1,500 sq. ft. at 2409 Broadway between 88th and 89th Streets. NGKF represented the landlord, 2409 Broadway Associates.

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