REAL ESTATE

Dunkin’ Donuts in major store revamp

BY Dan Berthiaume

Canton, Mass. — Dunkin’ Brands Group is giving its Dunkin’ Donuts stores a big makeover. The chain has been rolling out a “café-style” store redesign that includes a new, earth-toned palette, to make its locations resemble those of rival Starbucks, according to Bloomberg.

Dunkin’ Donuts, which plans to double its current store total to 15,000, is adding features such as more comfortable seating and music to increase its afternoon customer traffic.

Dunkin’ Donuts has opened 90 remodeled stores to date, according to the report, and plans to open about 600 by the end of this year. Franchisees seeking to participate must pay between $175,000 and $700,000, depending on whether they remodel and existing store or open a new store and what specific options they choose.

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REAL ESTATE

Isaac Mizrahi New York opens up shop

BY Marianne Wilson

New York — Isaac Mizrahi has returned to the retail scene. Xcel Brands on Friday announced the debut of Isaac Mizrahi New York, in Southampton, N.Y. (Xcel is the designer’s parent company).

"This is a very exciting opportunity for Xcel and the brand,” said Isaac Mizrahi, creative director, Xcel Brands. “It’s great for the consumer to see all products coming together in our own new retail environment."

The 1,200-sq.-ft.store offers a wide range of products including apparel, fragrance, footwear, accessories, pet accessories, and jewelry as well as limited edition swimwear, sneakers, jellies, cover-ups and one of a kind handbags.

“This is the first time that our customers can truly experience the Isaac Mizrahi brand as a whole in one location,” said Robert D’Loren, chairman and CEO, Xcel Brands. “We will use this store for both market and consumer research as we craft our retail rollout plan."

Xcel worked with commercial real estate firm Newmark Grubb Knight Frank to execute the property lease.

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REAL ESTATE

Marcus & Millichap promotes Douglas K. Mandel

BY Michael Fickes

Fort Lauderdale, Fla. — Marcus & Millichap Real Estate Investment Services has promoted Douglas K. Mandel to first VP investments. Mandel also serves as senior director of the firm’s National Office and Industrial Properties Group and director of the National Retail Group.

In 2012, Mandel was the firm’s top office and industrial agent nationwide.

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