REAL ESTATE

  • Nor’easterly Surge

    Not even a hurricane named Sandy could erode the economic upsurge experienced by the northeastern United States over the last year. What this region rebuilt after the Great Recession has managed to stay strong even in the face of Sandy’s 80-mph winds, record flooding and the damage inflicted by its nor’easter sister that arrived just days after the fall 2012 hurricane.

  • Target holiday tour across Canada heralds planned store openings

    Mississauga, Ontario -- Target will sponsor a tour across Canada that will visit more than 20 communities ahead of the planned opening of its stores in the country, the retailer said Tuesday.

    The tour will start in Halifax, Nova Scotia, and conclude in British Columbia in the middle of December. Target plans to open 124 stores in Canada starting in March and April 2013.

  • Top 10: Apple heads list of retailers with highest sales per square foot

    New York -- Apple Inc. operates the most successful retail stores by a significant margin, according to RetailSails, a retail and consumer goods consulting firm. Apple stores averaged $6,050 per sq. ft. in the past 12 months, double those of Tiffany & Co., which ranked second, generating sales of $3,017 per sq. ft.

    Here is RetailSails list of the 10 retailers with the highest sales per square foot:

  • Starbucks opens 100th store in Beijing

    Beijing -- Starbucks Coffee Co. advanced its growth plans in China with the opening of its 100th store in Beijing. The company also announced the launch of Starbucks China University, its talent development program.

    Starbucks has announced that China will be its second largest market by 2014 and will have 1,500 stores by 2015 across more than 70 cities. It currently operates 700 locations throughout Mainland China.”

  • Baccarat to open New York City flagship in May

    New York -- Baccarat is set to unveil their newest flagship store in New York City in May 2013 ahead of the iconic brand's upcoming 250th anniversary.

    Located at 635 Madison Avenue at 60th Street, the 2,800-sq.-ft. store -- designed by Rafael de Cardenas -- will be a new global retail model for the brand, showcasing tableware, lighting, decorative objects and jewelry to reflect the richness of the Baccarat lifestyle and the brand's commitment to innovation and excellence.

  • Walgreens restores historic Chicago building into flagship

    Deerfield, Ill.  -- Walgreens unveiled its newest Chicago flagship, in the historic Noel State Bank building in the city’s Bucktown/Wicker Park neighborhood. This is the chain’s second flagship in Chicago and, like its downtown State and Randolph flagship location, features an extensive collection of innovative offerings, products and services unexpected from a drugstore.

  • Fitness 19 to open at The Broadway at Surf Retail Center

    Chicago -- Oakbrook Terrace, Ill.-based Mid-America Asset Management Inc. announced that Fitness 19 recently leased 10,977 sq. ft. of space at The Broadway at Surf retail center in downtown Chicago’s Lincoln Park neighborhood.

    The privately held health club is slated to open in early 2013. 

    The Broadway at Surf is a 134,223-sq.-ft. multi-level urban retail center anchored by Walmart Neighborhood Market (coming soon), Bed Bath & Beyond and T.J.Maxx. 
     

  • Luxury tenants set up shop at Westfield San Francisco Centre

    San Francisoco -- Westfield announced that its Westfield San Francisco Centre is unveiling new culinary and retail offerings such as British casual sportswear retailer Burberry Brit, Red Valentino, Italian fashion house Gucci, the Christmas Treasure pop up holiday shop, celebrity chef Martin Yan’s M.Y. China, Godiva Truffle Bar and more.
     

  • Five Below to open at South Towne Center

    Dayton, Ohio -- Brixmor Property Group said that Five Below will open a 8,095-sq.-ft. store at South Towne Center, located in Dayton, Ohio.

    Brixmor, based in New York City, is the owner of South Towne Center.

     

  • RCS Real Estate Advisors retained to facilitate Forever Flawless rollout

    New York -- RCS Real Estate Advisors said it has been retained by Bella Terra Cosmetics to help facilitate the rollout of Forever Flawless mall locations throughout the U.S.

    As part of an initiative to expand the Forever Flawless luxury skin care brand, RCS will be selectively identifying and pursuing 1,500- to 2,000-sq.-ft. real estate opportunities within the best malls primarily in California, Florida and Texas.

    Forever Flawless products are currently sold in seven locations throughout Las Vegas, Miami Beach and Nantucket.

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