REAL ESTATE

Sears announces new round of store closings

BY CSA STAFF

Sears Holdings’ store portfolio continues to shrink.

The struggling retailer told employees on Tuesday that it will close 30 Sears and Kmart stores in early 2017, reported Business Insider.

The latest round of closures will bring the total number of stores that the retailer has closed this fiscal year to more than 200, according to the report, and leave it with fewer than 1,500 locations by early 2017.

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ENERGY/HVAC

Grocery retailer gets EPA Platinum certified

BY Marianne Wilson

New Seasons Market in Mercer Island, Washington, has gone platinum.

The new supermarket received EPA GreenChill Platinum Certification for its efforts in reducing refrigerant emissions (by at least 95%). The 37,000-sq.-ft. store uses a natural refrigerant solution designed for minimal greenhouse gas emissions and superior energy efficiency.

The solution, Hussmann’s Purity Transcritical CO2 refrigeration system, operates efficiently in low, medium and high temperature applications and can be used in combination with all three.

“We have been wanting to do a “greener” refrigeration system project, and the Mercer Island store provided us the opportunity to do so by installing a transcritical CO2 refrigeration system, which removes HFCs from our store and reduces our businesses carbon footprint,” said Beau Butler, director of construction and facilities, New Seasons Market, which has 20 locations in Washington, Oregon and California. “This is our first transcritical CO2 project, but hopefully not our last.”

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DEVELOPMENT/REDEVELOPMENT

Center near Rams stadium site completes first redevelopment phase

BY Al Urbanski

Phase one of a $15 million redevelopment of a 304,755-sq.-ft. neighborhood center in Inglewood, California, has been completed, according to owner NewMark Merrill.

Initial improvements at Crenshaw Imperial Plaza focused on remodeling the DD’s Discounts and 99 Cents Only stores. In Phase 2, a two-story building will be demolished to make room for a Planet Fitness and a 14,215-sq.-ft. retail building. A 15,000-sq.-ft. Mission View Charter School will also be part of the new mix in the center, which NewMark Merrill purchased in 2015.

Other new tenants will include Chipotle, Save-A-Lot, Five Guys, and Ono.

The center is near the new “City of Champions” district, the former site of the Hollywood Park Race Track where the Los Angeles Rams new stadium is being built.


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