REAL ESTATE

Cadence McShane to complete new retail assignments for MGHerring

BY CSA STAFF

Dallas Cadence McShane Construction Co. announced that it has been selected to complete two new retail assignments at The Village at Fairview and The Village at Allen on behalf of developer The MGHerring Group.

Cadence McShane will complete a 13,000-sq.-ft. tenant space for Daired’s Salon & Spa, and will also complete a 20,013-sq.-ft. tenant build-out on behalf of retailer, a Real Bookstore. 

Both projects are scheduled for completion in November.

Cadence McShane has previously completed over 592,000 sq. ft. of mixed-use construction at The Village at Allen and The Village at Fairview developments on behalf of The MGHerring Group.

URS Corp. and O’Brien & Associates Architecture are providing architectural services for the salon and bookstore, respectively.

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FINANCE

Syms loss widens in Q2 with impact of Filene’s acquisition

BY CSA STAFF

Secaucus, N.J. Syms Corp. reported late Thursday that it lost $10.9 million in the quarter ended Aug. 28, compared with a loss of $7.9 million in the year-ago period. The widened loss is mostly attributable to one-time charges related to Syms’ acquisition of Filene’s Basement in second quarter 2009, according to the company.

Revenues for the quarter surged 34% to $102.1 million, from $76.4 million in the prior-year quarter, reflecting the impact of Filene’s Basement.

Same-store sales increased 16% for the quarter.

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News

Kindle arrives at Staples

BY CSA STAFF

FRAMINGHAM, Mass. Staples announced that the Kindle e-reader is available in all stores nationwide beginning Oct. 10.

“Kindle is just one example of a host of hot tech items customers can get at Staples this holiday season,” said Jevin Eagle, EVP merchandising and marketing at Staples. “From our hands-on displays to our knowledgeable associates, Staples makes buying technology easy any time of year.”

 

Staples now carries the following new Kindle devices:

 

    * Kindle ($139.00) – Wi-Fi, 6″ diagonal     * Kindle 3G ($189.00) – Free 3G + Wi-Fi, 6″ diagonal     * Kindle DX ($379.00) – Free 3G, 9.7″ diagonal (available at Staples mid-November)

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