REAL ESTATE

Macy’s expanding presence in Las Vegas

BY Marianne Wilson

Cincinnati — Macy’s is enhancing its presence in the Las Vegas market. The department store retailer has signed on as the first anchor tenant at the Shops at Summerlin, in west Las Vegas.

Macy’s will build a two-level, 180,000-sq.-ft. store in the open- air center, which is being developed by The Howard Hughes Corp. The new Macy’s is expected to open in fall 2014, with construction beginning in fall 2013.

The 1.5 million sq.-ft. Summerlin will feature over 125 stores and restaurants.

In addition, Macy’s will expand its presence in the Fashion Show Mall in Las Vegas, with a new two-level, 105,000-sq.-ft. Macy’s Men’s Store to open in spring 2013.

The new Macy’s Men’s Store will be located in a former Robinson’s-May location that currently is vacant. Macy’s will occupy about half the space, with construction expected to begin in October 2012.

With these two new locations, Macy’s presence in the Las Vegas market will expand to a total of seven stores.

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STORE SPACES

Ikea goes live with largest solar installation to date

BY Staff Writer

Round Rock, Texas — Ikea has officially plugged in its largest U.S. rooftop solar installation to date, at its store in Round Rock, Texas. When combined with Ikea projects atop stores in Houston and Dallas-area Frisco, the new installation also makes Ikea the largest solar owner in Texas.

The 273,700-sq.-ft. PV array in Round Rock consists of a 1,633-kW system, built with 6,664 panels. It will produce approximately 2,398,500 kWh of clean electricity annually, the equivalent of reducing 1,822 tons of carbon dioxide (CO2), eliminating the emissions of 324 cars or powering 206 homes yearly. Ikea contracted with REC Solar for the development, design and installation of the system.

The installation represents the 33rd completed solar project for Ikea in the U.S. The chain currently has six more solar deployments locations underway, which will make the eventual U.S. solar presence of Ikea nearly 89% of its U.S. locations with a total generation of 38 MW. Ikea owns and operates each of its solar PV energy systems atop its buildings.

More than 250,000 solar panels have been installed on Ikea stores and buildings across the world. The company also owns and/or operates approximately 110 wind turbines in Europe.

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REAL ESTATE

Study: Retail health clinics, urgent care centers a $10B market and growing

BY Antoinette Alexander

Tampa, Fla. — The retail health clinic and urgent care center market currently is worth about $10 billion and is poised for strong growth in the coming years as the shortage of primary care physicians and crowded emergency rooms increasingly move patients to retail sites, according to new data by Marketdata Enterprises, an independent market research publisher.

Marketdata Enterprises has released the new 132-page report entitled, “The Market For Retail Health Clinics & Urgent Care Centers.” The study explores the nature of the business; industry size and growth; demand factors; patient demographics; effects of the recession and the Patient Protection and Affordable Care Act; operating ratios; major competitors and more.

“The primary care MD shortage is getting worse and consumers with less insurance are increasingly using retail health clinics for kids’ physicals, flu shots, ear infections, sore throats and minor ailments. Soon, they’ll be using these clinics for diabetes monitoring, weight-loss programs and more,” research director John LaRosa said.

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