REAL ESTATE

Caruso Affiliated launches construction of mixed-use project

BY CSA STAFF

Los Angeles — Caruso Affiliated said it has begun construction on 8500 Burton Way, an upscale residential and ground-floor retail property featuring Trader Joe’s, located in a flourishing region of Los Angeles, adjacent to Beverly Hills.

The eight-story building combines contemporary architectural elements with rich materials, and is moving forward at a time when most other commercial development has stalled.

Located on Burton Way at La Cienega in Los Angeles, the development which will be called simply “8500” is in the heart of a vibrant shopping, dining and entertainment district at the eastern gateway to Beverly Hills.

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REAL ESTATE

Sabor Tropical Supermarket to open at Biscayne Plaza

BY CSA STAFF

Miami Beach, Fla. — Terranova Corp. announced that grocer Sabor Tropical Supermarket has joined Biscayne Plaza Shopping Center, in Miami Beach, Fla., as a new anchor tenant.

The 24,000-sq.-ft. store is slated to open in 2012. According to Terranova, the retailer is replacing President Supermarket in the center and is required to renovate the interior of the store no later than January 2012. This will be Sabor Tropical’s fifth South Florida store.

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REAL ESTATE

Belle Chic Salon & Spa to move to Oro Valley

BY CSA STAFF

Oro Valley, Ariz. — Commercial Retail Advisors said that Belle Chic Salon & Spa has signed a lease for 1,385 sq. ft. in Placita de Oro Shopping Center, located in Oro Valley, Ariz. The new salon is slated to open this March.

Belle Chic is moving from an existing location, where it had been for three years.

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