REAL ESTATE

  • Wal-Mart slows China store openings to 100 over three years

    Beijing -- Wal-Mart Stores Inc. said Friday that it plans to open 100 stores in China by 2015, a slowed pace from prior growth rates in the country but still representing ongoing interest in boosting its market share behind the country’s No. 1 player Sun Art Retail Group.

  • GameStop launches new holiday store concept

    Grapevine, Texas -- GameStop Corp. announced Friday it has unveiled a new store concept called GameStop Kids and will open 80 holiday stores in U.S. malls.

    GameStop Kids stores will feature an assortment of the most popular video games and accessories, toy brands and collectibles, showcased in temporary mall spaces.

    The first GameStop Kids location opened Friday at the Grapevine Mills Mall in Grapevine, Texas, with all other locations opening in the coming days and weeks, according to the company.

  • Stein Mart opening seven stores

    Jacksonville, Fla. -- Stein Mart is expanding with the opening of seven stores this fall. The new stores are located in Surprise, Ariz.; Katy, Texas; Tucson, Ariz.; and Charlottesville, Va. The McAllen, Texas; Biloxi, Miss.; and San Dimas, Calif., stores are a relocation of another area store to improve sites.

    The four new and three relocated stores bring Stein Mart's total store count to 263 at the end of this year.

  • West Elm to open South Coast Plaza store

    Brooklyn, N.Y. -- West Elm, a division of Williams-Sonoma, announced that it will open a store in South Coast Plaza on Nov. 2.

    The store will feature a three-sided living wall and will be the first West Elm to open with the company’s newly announced West Elm Market shop-in-shop. Through a partnership with Etsy, it will also feature a collection of decorative accessories and art made by artists from the Orange County area.

     

  • Englewood Construction announces two retail projects

    Chicago -- Englewood Construction has announced that its Retail Group has began an extensive, 31,621-sq.-ft. interior build out for Ross Dress for Less at the Ford City Mall, a 47-year-old mall in Chicago’s West Lawn neighborhood.

    The work will consist of a reconfiguration of the mall’s floor plans, structure and roof. Englewood will be combining three current spaces into one large floor plate for Ross Dress for Less. Chicago-based Chadha & Associates will serve as the architect on the project.
     

  • Eataly to open in Chicago

    New York -- Macerich announced that Eataly, the largest artisanal Italian food and wine emporium in the world, has reached an agreement to open its second U.S. location, at The Shops at North Bridge near Michigan Avenue in Chicago.

    The new location, expected to open in September 2013, will be the concept's largest, at 60,000 sq. ft. Eataly opened its first U.S. store, in Manhattan, in 2010.
    Eataly is a collaboration among Joe Bastianich, Mario Batali, Lidia Bastianich and Oscar Farinetti, who founded Eataly in Turin, Italy, in 2007.

  • West Elm to launch new retail concept

    San Francisco -- Williams-Sonoma announced that its West Elm division will launch a neighborhood market format, called West Elm Market, on Oct. 25, in Brooklyn N.Y. The Brooklyn store will be followed by the opening of eight Market in-store shops in West Elm stores across the country.

  • Santa Fe Cattle Co. opens at Stirling Bossier Shopping Center

    Bossier City, La. -- Covington, La.-based Stirling Properties announced the opening of a new 7,918-sq.-ft. Santa Fe Cattle Co. restaurant at its Stirling Bossier Shopping Center property, located on Airline Drive in Bossier City.

    Headquartered in Baton Rouge, La., Santa Fe Cattle Co. operates 19 locations in six states, including four in Louisiana.

     

  • CBRE awarded leasing assignment for 6-property portfolio

    Los Angeles -- CBRE said it has been retained by Starwood Capital to work collaboratively with Starwood’s leasing team to lease six malls located in California, Florida, Illinois, Nebraska and Ohio.

    The new CBRE assignment followed Starwood Capital's recent acquisition of a 90% stake in seven U.S. malls.

    The properties include: Solano Mall in Fairfield, Calif.; Westland Mall in Miami; Chicago Ridge Mall in Chicago; Louis Joliet Mall in Chicago; Gateway Mall in Lincoln, Neb.; and Southpark Mall in Cleveland.

  • Charter Realty acquires Towers Plaza

    Melrose, Mass. -- Charter Realty and Development Corp. said it has acquired the 52,000-sq.-ft. Towers Plaza for $8.6 million.

    The neighborhood shopping center, located in Melrose, Mass., a suburb of Boston, was originally built in 1965 and later renovated and expanded. It is anchored by Johnnie’s Foodmaster Supermarket and Rite Aid.  

    Charter said it anticipates doing a façade renovation as well as upgrades to the common area. The work will commence this fall and continue in the spring.

     

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