REAL ESTATE

Nordstrom Rack to open in Cleveland, Chicago

BY Katherine Boccaccio

Seattle — Nordstrom Inc. said Tuesday that it has opened a second Cleveland Nordstrom Rack store – at the Promenade in Crocker Park, owned and managed by Stark Enterprises.

The 34,000-sq.-ft. store is slated to open fall 2013 in a former Border’s space at the lifestyle shopping center located in Westlake, Ohio, and tenanted by Bed Bath & Beyond, H&M, Trader Joe’s, Victoria’s Secret and The Cheesecake Factory.

Another new Nordstrom Rack location will open in Chicago’s Lincoln Park neighborhood in spring 2014. The 40,000-sq.-ft., two-level store will open at Collection Anex, a new retail development owned by Centrum Partners.

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REAL ESTATE

99 Cents Only launches search for Rodeo Drive store site

BY Katherine Boccaccio

Commerce, Calif. — Discounter 99 Cents Only said Tuesday it has launched an official search for a retail property on Rodeo Drive in Beverly Hills, Calif., to open its first store on the iconic street.

"We are confident a Rodeo Drive store will be successful because our stores do well in affluent areas,” said Eric Schiffer, CEO. “In fact, our highest sales volume store is located only a few blocks from Beverly Hills on Wilshire Boulevard.”

Of its 303 extreme-value stores in the U.S., 222 are in California.

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Steak n Shake to make international debut

BY Katherine Boccaccio

San Antonio, Texas — Steak n Shake said Tuesday it has signed its first international development agreement, which will bring the concept to the Middle East.

Steak n Shake has signed an exclusive area development agreement with the Saleh Bin Lahej Group to open 40 restaurants throughout the United Arab Emirates. This agreement represents the initial expansion of the brand outside the continental United States.

The Saleh Bin Lahej Group operates international franchises for restaurant brands such as Chili’s, Macaroni Grill, Black Canyon Asian Cuisine, El Chico Mexican Restaurant, The Pizza Company, and Cantina Laredo.

Steak n Shake, a subsidiary of Biglari Holdings, expects to open its first location in Dubai during 2013.

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Nov-23-2012 08:20 am

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M.Fourcall says:
Nov-23-2012 08:20 am

Your site contains useful information on this topic as I am working on a school project. Thank you posting relative information and its now becoming easier to complete this topic. online insurance

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