REAL ESTATE

  • Divaris Real Estate signs new retail tenants for Virginia Beach site

    Virginia Beach, Va. - Divaris Real Estate Inc. has signed a lease with Twist Martini & Associates for 2,442 sq. ft. of retail space in the Town Center of Virginia Beach. Twist Martini will operate a full-menu, dine-in restaurant including a martini bar, a cigar club, an outside patio area and a private lounge on the second floor. 

  • Report: New mixed-use development coming to Birmingham, Mich.

    Birmingham, Mich. – A new 49,000-sq.-ft. mixed-use development including an entire floor of retail space is slated to open in downtown Birmingham, Michigan, in third quarter 2015. According to the Macomb Daily News, the development, called “The Forefront,” will be located in the Principal shopping district and feature retail stores on the first floor and 11 luxury condos on the second and third floors.

    The development will be built on the site of an existing building, which will be demolished.
     

  • Houston’s Mission: Control

    By Jason Baker and Kenneth Katz, co-founders and principals, Baker Katz

  • Ross Dress for Less opens new stores in Las Vegas, Florida

    Dublin, Calif. – Ross Dress for Less will open one new store in Las Vegas and two new stores in Florida on July 19. The new stores are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year.

    The Florida stores will be located in Pier Park North in Panama City Beach and Royal Gardens Plaza in Hialeah Garden. They will give Ross a total of 140 stores in Florida.

     

  • Ross Dress for Less to open 3 Indiana stores as part of 2014 expansion plan

    Dublin, Calif. -- Ross Dress for Less will open three new stores in Indiana on July 19. The stores include Waterford Park South Shopping Center in Clarksville, Shops on Main in Schererville, and Erskine Village in South Bend. 

    These new openings are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year. 
     

  • Marketplace at Tech Center draws 18 retailers; opens July 2015

    Newport News, Va. - Marketplace at Tech Center, a mixed-use lifestyle center Newport News, Va., will be the site of several stores and restaurants that cannot currently be found elsewhere on the Virginia Peninsula. These “first-to-market” retailers (with the exception of those that have outlet stores in Williamsburg) that have inked deals include:

    • Whole Foods: 35,000-sq.-ft. of retail space
    • DSW Shoe Warehouse: 18,062-sq.-ft. of retail space
    • BJ’s Brewhouse: 7,400-sq.-ft. of retail space

  • Ross Dress for Less opens three Indiana stores July 19

    Dublin, Calif. - Ross Dress for Less will open three new stores in Indiana on July 19. The stores include Waterford Park South Shopping Center in Clarksville, Shops on Main in Schererville, and Erskine Village in South Bend.  
        
    These new openings are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year.

     

  • Warby Parker opens classroom-styled store in Dallas

    New York -- Warby Parker, the hip online eyewear retailer, has opened its sixth retail location, a 1,050-sq.-ft. store in Dallas.

  • Mid-America secures retail leases in Chicago’s southwest suburbs

    Oakbrook Terrace, Ill. -- Mid-America Asset Management Inc. has announced three new retail leases on behalf of two shopping centers in Chicago’s southwest suburbs.     

    Flexeon Rehabilitation signed a lease for 2,923 sq. ft. at Hillcrest Shopping Center in Crest Hill, Illinois. The 240,268-sq.-ft. center is anchored by TJ Maxx, Food 4 Less, Citi Trends, and Harbor Freight Tools.

  • Joint venture acquires greater Cleveland center

    NEW YORK — Hornig Capital Partners, a privately held New York City-based investment company, has combined in a joint venture with Hutensky Capital Partners of Hartford, Conn. to acquire the Golden Gate Shopping Center in Mayfield Heights, Ohio, in the greater Cleveland region. The joint venture purchased the property from Forest City Enterprises for $47,050,000, together with B&D Holdings, making it one of the largest single asset retail deals in the region during the past 24 months.

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