REAL ESTATE

Theater, restaurants to open at Del Mar Highlands Town Center

BY CSA STAFF

San Diego Costa Mesa, Calif.-based Donahue Schriber announced the signing of new tenants at Del Mar Highlands Town Center as a part of a remerchandising and renovation at the 20-year-old center that began this summer.

Located in northern San Diego County’s Carmel Valley, the open-air Del Mar Highlands Town Center will soon welcome Rimel’s Rotisserie, Carmel Valley Swirls yogurt shop and The Counter.  All are expected to open in mid 2011.

UltraStar Cinemas is bringing San Diego County its first luxury boutique theater, UltraLuxe Cinemas, being unveiled at Del Mar Highlands Town Center. Scheduled to get underway in January, the current theater building will undergo an extensive upgrade that will convert it to a luxury boutique theater, called UltraLuxe Cinemas, the first of its kind for the company.

The existing theater will close in January and re-open summer 2011 with improvements that include: eight auditoriums featuring four state-of-the-art Pure Digital 3D screens, high-back reclining chairs, in-seat food ordering, on-line ticketing, and reserved seating. UltraStar Cinemas is headquartered in San Diego County and operates 145 screens at 15 sites throughout Southern California and Arizona.

Donahue Schriber began the Del Mar Highlands redevelopment project in August 2010, with physical changes that will enhance the guest experience, adding restaurants and retail, and improved parking and traffic flow on a phased timeline.

Originally developed by Donahue Schriber in 1989, the 273,298-sq.-ft. Del Mar Highlands Town Center is anchored by Ralphs Fresh Fare, Rite Aid, Ultra Star Cinemas, Barnes & Noble and Jimbo’s … Naturally.

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Killing the buzz that interferes with audio devices

BY CSA STAFF

NEW YORK The Buzz Killers has developed an easy-to-use cell phone accessory that eliminates buzzing interference that audio devices pick up and buzz when a mobile device is nearby.

The Buzz Killer card is designed with a proprietary, patent-pending alloy technology that neutralizes cell phone radio interference, the company said. Users simply place their cell phone on the card to eliminate the interference and virtually can be used anywhere.

More information can be found at TheBuzzKillers.com.

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Walmart maintains expansion pace

BY CSA STAFF

Total capital expenditures slightly will increase next year at Walmart to a range of $13.5 billion to $14.5 billion, compared with the estimated $13 billion to $14 billion the company is on track to spend during the current fiscal year, the company announced late Wednesday at the conclusion of its 17th annual meeting for the investment community.

Expenditures for the U.S. operations will hold steady at around $7.5 billion to $8 billion as the company adds about 11 million sq. ft. of selling space while the $1 billion allocated to Sam’s Club also is comparable with the prior year and will result in the addition of about 500,000 sq. ft. The international division, where two international acquisitions currently are pending in the United Kingdom and South Africa, gets a boost of about $500 million as spending there is expected to total between $4 billion and $4.5 billion. Although that amount is about half of what will be spent domestically, forecast international square footage growth of 23 million to 24 million is more than twice that of the U.S.

Looking at the U.S, Walmart plans to add about 155 to 165 new supercenters, two thirds of which will be relocations of existing units in addition to 30 to 40 smaller format stores. Seven to 12 new Sam’s Clubs will be added.

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