REAL ESTATE

Calla Lily Salon opens at Plymouth Meeting Mall

BY Staff Writer

Plymouth Meeting, Pa. — Philadelphia-based Pennsylvania Real Estate Investment Trust said that Calla Lily Salon recently opened a 1,529-sq.-ft. hair salon at Plymouth Meeting (Pa.) Mall.

Charming Charlie opened at the mall in July.

Plymouth Meeting Mall is anchored by Macy’s, Boscov’s, and Whole Foods Market and Café.

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REAL ESTATE

Report: Aurora Capital Associates interested in Daffys real estate

BY Staff Writer

New York — Aurora Capital Associates, a real estate investment firm, is reported to be acquiring New York-based discount retailer Daffys with plans to sublease its stores, according to Crain’s New York.

Daffy’s, which operates 19 stores, in July announced plans to liquidate by October.

The company has several prime real estate sites, eight of which are located in prime shopping area of Manhattan.

Real Estate Weekly first reported the news concerning Daffy’s possible acquisition.

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REAL ESTATE

Best Buy plans lifestyle center location

BY Katherine Boccaccio

El Paso, Texas — Best Buy Co. has signed a lease to open a 37,740-sq.-ft. store at The Fountains at Farah, a new power-lifestyle shopping center located in El Paso, Texas.

The shopping center, a Centergy Retail project, is under construction and planned to open in 600,000 sq. ft. in fall 2013.

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