REAL ESTATE

Fuddruckers to Algonquin Commons in Algonquin, Ill.

BY Michael Fickes

Algonquin, Ill. — Fuddruckers has opened a 6,600-sq.-ft. fast casual restaurant in the Algonquin Commons lifestyle center in Algonquin, Ill., a northwest suburb of Chicago. The new restaurant replaces a Cheeseburger in Paradise, according to Luby’s, Inc., the parent company of both brands and the owner of the site.

The Algonquin Commons restaurant will showcase Fuddruckers’ new interior scheme, which pays homage to the chains roadhouse look, while refreshing the look to cater to today’s more sophisticated tastes.

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REAL ESTATE

RadioShack opens new concept store in Fairfax, Va.

BY Michael Fickes

Fort Worth, Texas — RadioShack has opened a new concept store in Fairfax Center II in Fairfax, Va.

The new concept stores feature a speaker wall where customers can compare 13 different speakers; interactive displays with headphone demo stations; technology explained by touch-screens and apps; brands such as Apple, HTC and Samsung as well as mobile carriers including AT&T, Sprint and Verizon; and a do-it-yourself area where customers can plan projects.

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Report: Houston retail real estate market looks strong in 2014

BY Dan Berthiaume

Houston – Growth in the Houston retail estate market is expected to follow strong residential real estate growth in 2014. According to a report from NewQuest Properties delivered at the recent BoyarMiller Real Estate Forum, there are about 15 new shopping centers planned or under way in Houston.

In addition, the Houston retail sector is struggling to keep up with growth in the city and experiencing very low vacancy and default rates

"The Grand Parkway is a game-changer and the Katy area is now the fasting growing community in the U.S.," said Jay Sears, managing partner of NewQuest Properties. "New development in that community is driving retail with grocers leading the way. We are seeing new grocers coming to the market and some that are moving to the suburbs for the first time."

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