REAL ESTATE

General Growth closes Alabama mall

BY CSA STAFF

Chicago General Growth Properties Inc. has shut the doors of its Century Plaza Mall in Birmingham, Ala., according to The Wall Street Journal.

However, General Growth said the move is not related to its bankruptcy filing.

General Growth shut down the 755,600-sq.-ft. mall on May 31. The mall, which the company acquired in 1997, had been losing tenants for several years, the report said.

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REAL ESTATE

Golfsmith to open superstore in Orange County

BY CSA STAFF

Irvine, Calif. Golfsmith International Holdings announced Tuesday that it has signed a lease for a new 40,000-sq.-ft. superstore in Orange County that will open in November 2009.

The new Golfsmith Xtreme will be the largest store of its kind in the greater Los Angeles area. The store will provide golfers and tennis players of all skill levels an interactive environment, and will feature such attractions as a huge indoor driving range with state-of-the-art launch monitors, a large putting green, an indoor hitting area for tennis, and private custom club-fitting studios.

“Golfsmith continues to expand its superstore format into new markets, and we are excited about Los Angeles because it is one of the strongest year-round golf markets in the country,” said Martin Hanaka, president and chief executive of Golfsmith. “We are committed to growing the game in California, and despite the economic downturn, we are financially sound and growing our retail footprint where appropriate. This new store will be the best store we’ve ever opened.”

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Von Maur to enter Mo.

BY CSA STAFF

St. Louis Von Maur Department Stores plans to begin construction of its first store in Missouri by mid-June at The Meadows at Lake Saint Louis lifestyle center in Lake Saint Louis.

The store will be Von Maur’s 25th overall and first in Missouri. The retailer projects that the store will employ approximately 225 people when it opens in fall 2010.

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