REAL ESTATE

Peoria, Ill. — Cullinan Properties has announced the appointment of Masood Aini as VP investments in the company’s Chicago office.

With eight years of commercial real estate experience, Aini comes to the firm from Trevi Retail in New York, where he served as director of acquisitions and Leasing responsible for internal leasing efforts and the sourcing, underwriting and valuing of Manhattan retail condominiums and mixed-use assets.

New York – Verizon Wireless has partnered with All-Rite Construction Company to launch the flagship store of its new Viva Movil premium retail banner aimed at Latino customers. Located in Brooklyn,N.Y., the 3,000-sq.-ft. store features sleek, ultra-modern interiors, lounge-like atmosphere and immersive media displays. The intent is to provide in-store customers with an integrated omni-channel experience.

Winston-Salem, N.C. — A new Krispy Kreme Doughnut Factory will open in Roswell, Ga., in early September, marking the start of an expansion effort across the metro area. The new shop will replace the existing Roswell shop and introduce the company’s updated design to the area.

Construction plans are currently underway for approved sites in Doraville, Smyrna and Stockbridge. Krispy Kreme is also working to secure sites in Decatur and Duluth.

New York — Korean fashion designer Boyoung Kim will open her first dedicated boutique on Columbus Avenue, said Faith Hope Consolo, chairman, and Joseph A. Aquino, executive VP of Douglas Elliman’s Retail Group.

Winnipeg, Manitoba — Silver Jeans Co. has announced the opening of a loft concept store at La Plaza Mall in McAllen, Texas, on Sept. 13.

“We put a lot of work into making sure the store environment represents our brand,” said Michael Silver, Silver Jeans’ CEO. The 1,536-sq.-ft. loft will feature digital technology with a mobile point-of-sale system. A 6-ft media wall will display the latest ad campaign and music videos.

New York -- Stirling Properties has opened the Mid-City Market in New Orleans, the firm’s largest group-up retail development in the city. A 54,390-sq.-ft Winn-Dixie anchors the 108,763-sq.-ft. shopping center. Stirling estimates that the center will generate annual retail sales of more than $61 million.

Fort Wayne, Ind. – Vera Bradley is expanding its Roanoke, Ind., campus, creating what the vertical specialty retailer estimates will be about 128 new jobs during the next four years. The company will invest approximately $26.6 million to expand both its current 40,000-sq.-ft. design center by 149,000 sq. ft. and its 420,000-sq.-ft. distribution center by 10,000 sq. ft. Both complexes are located just outside Fort Wayne, Ind., near Interstate 69.

Dallas — During July, SRS Real Estate Partners www.srsre.com executed a host of transactions in major cities across the country: