FINANCE

GE Capital to administrate Dunham credit facility

BY Katherine Boccaccio

Norwalk, Conn. — GE Capital, Corporate Retail Finance said it is administrative agent on a $250 million senior revolving credit facility for regional sporting goods retailer Dunham’s Athleisure Corp.

The proceeds will support ongoing working capital needs and new store growth.

“GE Capital’s expertise in lending to retailers and experience in the sporting goods sector made a big difference in this financing,” said Al Blazek, CFO for Dunham’s. “They worked hard to enable us to capitalize on today’s favorable credit markets.”

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REAL ESTATE

Bovet watchmaker to open midtown Manhattan flagship

BY Katherine Boccaccio

New York — Swiss watchmaker Bovet 1822 will open a New York City flagship, just its fourth boutique in the world.

The 50 Central Park South store in the heart of midtown Manhattan is in the base of the Ritz-Carlton Hotel. The classic yet modern space incorporates walnut furniture lined with suede.

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REAL ESTATE

Hodgdon Group completes Ashley Furniture HomeStore in Sacramento

BY Staff Writer

Colton, Calif. — The Hodgdon Group has completed the conversion of the former Sam’s Club building in Sacramento, Calif., for the opening of an Ashley Furniture HomeStore.

Hodgdon Group’s HMC Construction handled all entitlements and served as the design-build contractor for the major renovation of the former 134,000-sq.-ft. Sam’s Club building, which includes the new 74,000-sq.-ft. Ashley Furniture HomeStore and a 60,000-sq.-ft. Burlington Coat Factory, which opened on Oct. 11. HMC Construction also handled tenant improvement for both Ashley Furniture and Burlington. Ashley Furniture is located in North Natomas at 3671 N. Freeway Boulevard in the City of Sacramento.

Phil Caires and Michael Goldsworthy of ATI Architects served as the architect.

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