\r\n \r\nIn his new position, Hargrove will focus on the sale of multi-tenant shopping centers throughout southwest Texas. He also holds the title of associate director of Marcus & Millichap’s National Retail Group. \r\n \r","showSummary":null,"url":"/real-estate/marcus-millichap-names-houston-senior-associate","date":"2012-06-19T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]},{"title":"Ross Dress for Less to open at St. Louis Mills","id":12358,"bundle":"article","summary":"
Hazelwood, Mo. -- St. Louis Mills, Missouri’s largest outlet and value retail shopping and entertainment destination, will add a 35,000-sq.-ft. Ross Dress for Less, joining recently opened Toy Heaven, Broadway Suits and Wholesale Mattress Center and More. \r\n \r\nThe new Ross store will be located near Sears Outlet and across from Levi’s Outlet. \r\n \r","showSummary":null,"url":"/real-estate/ross-dress-less-open-st-louis-mills","date":"2012-06-19T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]},{"title":"Cafaro seeks to expand portfolio through acquisition","id":12355,"bundle":"article","summary":"
Youngstown, Ohio -- Cafaro Co. has announced it is actively seeking to expand its portfolio of enclosed malls. \r\n \r\nAccording to the company, each potential acquisition property must demonstrate historic, stabilized net operating income and minimum sales of $300 per sq. ft. Cafaro said is interested in malls with a minimum gross leasable area of 600,000 sq. ft. in trade areas of 200,000 – 450,000 residents. \r\n \r\nCafaro currently owns and oversees more than 30 million sq. ft. of commercial real estate in 11 states. \r\n
","showSummary":null,"url":"/real-estate/cafaro-seeks-expand-portfolio-through-acquisition","date":"2012-06-19T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]},{"title":"Seasons 52 to open first Massachusetts location","id":12352,"bundle":"article","summary":"
Burlington, Mass. -- Boston-based Wilder Cos. announced that, as part of a two-phased revitalization plan, Seasons 52 will open a new restaurant at Wayside in Burlington, Mass., the restaurateur’s first location in the state. \r\n \r","showSummary":null,"url":"/real-estate/seasons-52-open-first-massachusetts-location","date":"2012-06-19T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]},{"title":"Easton Town Center announces new tenants, renovation project","id":12349,"bundle":"article","summary":"
Columbus, Ohio -- Easton Town Center co-developers Steiner + Associates and The Georgetown Co. announced Monday that they will be adding more than 50,000 sq. ft. of new tenants this year and renovating more than 150,000 sq. ft. of existing space. \r\n \r","showSummary":null,"url":"/real-estate/easton-town-center-announces-new-tenants-renovation-project","date":"2012-06-19T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]},{"title":"Carrefour to exit Greece","id":12376,"bundle":"article","summary":"
New York -- Carrefour SA said Friday it will sell its Greek supermarket business to its local partner and exit the country, the Wall Street Journal reported. \r\n \r\nThe French retailer said it would sell its 50% stake in the chain to its local partner, the Marinopoulos family, for an undisclosed amount and will take a mostly noncash charge of €220 million ($277.9 million), the report said. \r\n \r\nCarrefour’s announcement comes two days before elections that could prove key as to whether Greece decides to stays in the euro zone. \r","showSummary":null,"url":"/real-estate/carrefour-exit-greece","date":"2012-06-15T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]},{"title":"Ascena Retail completes purchase of Charming Shoppes; to shutter Fashion Bug","id":12379,"bundle":"article","summary":"
Suffern, N.Y. -- Ascena Retail Group on Friday said that it has completed its acquisition of Charming Shoppes. The company also announced that it plans to cease operating and close down Charming Shoppes’ Fashion Bug business by early 2013, and is exploring a potential sale of Charming Shoppes’ Figi’s business, which markets food and specialty gift products. \r\n \r\nIn 2011, Charming Shoppes closed 124 Fashion Bug stores. The chain had previously announced its intention to continue to close certain Fashion Bug stores. \r\n \r","showSummary":null,"url":"/real-estate/ascena-retail-completes-purchase-charming-shoppes-shutter-fashion-bug","date":"2012-06-15T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]},{"title":"Report: Global shopping center development reaches all-time high","id":12373,"bundle":"article","summary":"
London -- A report issued by C.B. Richard Ellis on Friday said that global shopping center development has reached unprecedented levels of construction and new openings, fueled by growing middle classes and retailer expansion. \r\n \r\nAccording to the most recent research by CBRE, which measured shopping center development activity in 180 of the world’s major cities – including 2011 completions and space currently under construction – 318.6 million sq. ft. is currently under construction and about 84 million sq. ft. opened in 2011. \r\n \r","showSummary":null,"url":"/real-estate/report-global-shopping-center-development-reaches-all-time-high","date":"2012-06-15T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]},{"title":"Big Lots opens anchor store in Stone Mountain, Ga.","id":12375,"bundle":"article","summary":"
Tarrytown, N.Y. -- DLC Management Corp., which owns Stone Mountain Square in Stone Mountain, Ga., said Friday that Big Lots has opened a 26,355-sq.-ft. store at the shopping center. \r\n \r\nBig Lots co-anchors the center with Ross Dress for Less, T.J. Maxx, Marshalls, Dot’s and Anna’s Linens. \r\n
","showSummary":null,"url":"/real-estate/big-lots-opens-anchor-store-stone-mountain-ga","date":"2012-06-15T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]},{"title":"Costco to make Louisiana debut","id":12384,"bundle":"article","summary":"
New Orleans -- Costco Wholesale Corp. will enter the state of Louisiana with a 148,000-sq.-ft. store at Carrollton Plaza Shopping Center in New Orleans. \r\n \r\nThe new lease, announced by center owner The Feil Organization, will add Costco to a lineup of retailers that includes CVS, Firestone, Family Dollar and Subway. \r\n \r\nCostco is slated to open spring 2013. \r\n \r","showSummary":null,"url":"/real-estate/costco-make-louisiana-debut","date":"2012-06-14T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]}]},"title":"REAL ESTATE","contentParagraphs":null,"sections":null};
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Houston -- Marcus & Millichap Real Estate Investment Services said it has hired Derek Hargrove as a senior associate in the Houston office.
In his new position, Hargrove will focus on the sale of multi-tenant shopping centers throughout southwest Texas. He also holds the title of associate director of Marcus & Millichap’s National Retail Group.
Hazelwood, Mo. -- St. Louis Mills, Missouri’s largest outlet and value retail shopping and entertainment destination, will add a 35,000-sq.-ft. Ross Dress for Less, joining recently opened Toy Heaven, Broadway Suits and Wholesale Mattress Center and More.
The new Ross store will be located near Sears Outlet and across from Levi’s Outlet.
Youngstown, Ohio -- Cafaro Co. has announced it is actively seeking to expand its portfolio of enclosed malls.
According to the company, each potential acquisition property must demonstrate historic, stabilized net operating income and minimum sales of $300 per sq. ft. Cafaro said is interested in malls with a minimum gross leasable area of 600,000 sq. ft. in trade areas of 200,000 – 450,000 residents.
Cafaro currently owns and oversees more than 30 million sq. ft. of commercial real estate in 11 states.
Burlington, Mass. -- Boston-based Wilder Cos. announced that, as part of a two-phased revitalization plan, Seasons 52 will open a new restaurant at Wayside in Burlington, Mass., the restaurateur’s first location in the state.
Columbus, Ohio -- Easton Town Center co-developers Steiner + Associates and The Georgetown Co. announced Monday that they will be adding more than 50,000 sq. ft. of new tenants this year and renovating more than 150,000 sq. ft. of existing space.
New York -- Carrefour SA said Friday it will sell its Greek supermarket business to its local partner and exit the country, the Wall Street Journal reported.
The French retailer said it would sell its 50% stake in the chain to its local partner, the Marinopoulos family, for an undisclosed amount and will take a mostly noncash charge of €220 million ($277.9 million), the report said.
Carrefour’s announcement comes two days before elections that could prove key as to whether Greece decides to stays in the euro zone.
Suffern, N.Y. -- Ascena Retail Group on Friday said that it has completed its acquisition of Charming Shoppes. The company also announced that it plans to cease operating and close down Charming Shoppes’ Fashion Bug business by early 2013, and is exploring a potential sale of Charming Shoppes’ Figi’s business, which markets food and specialty gift products.
In 2011, Charming Shoppes closed 124 Fashion Bug stores. The chain had previously announced its intention to continue to close certain Fashion Bug stores.
London -- A report issued by C.B. Richard Ellis on Friday said that global shopping center development has reached unprecedented levels of construction and new openings, fueled by growing middle classes and retailer expansion.
According to the most recent research by CBRE, which measured shopping center development activity in 180 of the world’s major cities – including 2011 completions and space currently under construction – 318.6 million sq. ft. is currently under construction and about 84 million sq. ft. opened in 2011.
Tarrytown, N.Y. -- DLC Management Corp., which owns Stone Mountain Square in Stone Mountain, Ga., said Friday that Big Lots has opened a 26,355-sq.-ft. store at the shopping center.
Big Lots co-anchors the center with Ross Dress for Less, T.J. Maxx, Marshalls, Dot’s and Anna’s Linens.
New Orleans -- Costco Wholesale Corp. will enter the state of Louisiana with a 148,000-sq.-ft. store at Carrollton Plaza Shopping Center in New Orleans.
The new lease, announced by center owner The Feil Organization, will add Costco to a lineup of retailers that includes CVS, Firestone, Family Dollar and Subway.