REAL ESTATE

  • Marcus & Millichap names regional director of national retail group

    San Diego -- Marcus & Millichap announced the appointment of Rick Puttkammer to the position of regional director of its National Retail Group. Puttkammer is based in the firm’s San Diego office and his appointment is part of the firm’s strategy to enhance its brokerage support and client services.

    Prior to joining Marcus & Millichap, Puttkammer was senior VP at Colliers International in San Diego, where he focused on institutional investment sales in the Western United States.  

     

  • We’ve got ‘the power’

    Chain Store Age makes no secret of the fact that we are a retail publication – and have been since 1925. Our readership is retail headquarters executives and our content is directed toward, and influenced by, that very group.

    In the September 2014 issue, however, we looked at another group – one that is integrally involved with retailers and often determines the success of a single store or an entire market:  retail brokers.

  • Publix to anchor Cherry Road Crossing

  • Twin Peaks to open in Palm Beach

    Palm Beach, Fla. -- On behalf of DMD Restaurant Group, JLL announced the firm has closed the sale of the former Carraba’s Restaurant, located at 2224 Palm Beach Lakes, West Palm Beach, Florida. DMD Restaurant Group plans to demolish the 1.7 acre site and construct a new free-standing, 8,500-sq.-ft. Twin Peaks restaurant with a 2,000-square-foot patio.

  • Power center retailers are fulfilling omnichannel expectations

    By Joe Tichar, senior VP of corporate operations, DDR, Beachwood, Ohio

    Forward-thinking retailers are increasingly leveraging their brick-and-mortar locations to establish omnichannel models that meet the growing consumer demand for a more convenient, more cost-effective and more personalized shopping experience.
     

  • Stein Mart to open at Mayfair Shopping Center

    Commack, N.Y. -- Stein Mart is set to join the tenant mix at Mayfair Shopping Center in Commack, New York, leasing 30,800 sq. ft., according to Levin Management, exclusive leasing and managing agent for the property. 

    Stein Mart is moving into the space formerly occupied by MJM Designer Shoes, which is relocating to a new 12,000-sq.-ft. space within the 221,000-sq.-ft. shopping center.

  • Kimco spins off Centennial Plaza to ARC

    Dallas -- CBRE’s National Retail Investment Group announced the sale of Centennial Plaza, a 233,797-sq.-ft. power center in Oklahoma City, on behalf of Kimco Realty Corp., to American Realty Capital-Retail Centers of America.

    Centennial Plaza, at 100% occupancy, is tenanted by Home Depot, Best Buy, Gordmans and Guitar Center. Home Depot’s Centennial Plaza location is the retailer’s first and only urban location in the city.
     

     

  • CBRE names Americas head of research

    Los Angeles -- CBRE Group, Inc. announced that Spencer Levy has been appointed Americas head of research. Levy, a seven-year veteran of CBRE, had previously served as executive managing director in the company’s Capital Markets Group. His most recent duties included oversight of CBRE Capital Market’s Corporate Advisory, Auction and Latin America operations. He also directly serves a number of major clients.  

  • DDR adds Nordstrom Rack to The Shops at Midtown Miami

    Beachwood, Ohio -- DDR Corp. announced the addition of Nordstrom Rack to The Shops at Midtown Miami, a 98% leased, 645,000-sq.-ft. urban, value-oriented power center in Miami.

    DDR created space for Nordstrom Rack through its Project Accelerate initiative announced in May of 2014, whereby DDR is recapturing below-market leases from underperforming anchor tenants and backfilling these locations with best-in-class retailers.

  • Neiman Marcus to open its first Manhattan store, at Hudson Yards

    New York -- The department store wars are sure to heat up in Manhattan with the announcement that Neiman Marcus is coming to the Big Apple. The luxury retailer will open its first-ever location in Manhattan, in 2018. The 250,000-sq.-ft. three-level store will help anchor the new Hudson Yards development, a multi-use project located on the city's West Side, between 30th and 34th Streets.

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