REAL ESTATE

  • Sbarro enters Bolivia market

    Columbus, Ohio - Sbarro is entering into Bolivia with a new store opening at the Ventura Mall in Santa Cruz. Sbarro Bolivia SRL plans to open a total of 10 eateries in Bolivia during the next decade.

    The franchise agreement with Sbarro Bolivia SRL further expands Sbarro's footprint in South America, which currently includes eateries in Brazil and Colombia, as well as locations launching soon in Peru.

     

  • East Peoria McDonald’s coming September 2014

    East Peoria, Illinois — McDonald’s Restaurants of Peoria/Bloomington will join the East Peoria Levee District with the opening of a new restaurant in September.

     Local owner-operator Scott Bandy will be overseeing the construction of the restaurant, with plans to include a modern exterior and dual drive-thru lanes. Interior features include a dual-point ordering system with new split counter function, free Wi-Fi, and digital menu boards.

  • Plaza Hermosa adds state-of-the-art medical facility as part of improvements

    Hermosa Beach, California — Regency Centers announced that Torrance Memorial and Hermosa Beach Fish Shop will open at Plaza Hermosa. Torrance Memorial’s new facility is slated to open this fall and will specialize in primary care and pediatrics. 

  • Hilltown Crossings to undergo major redevelopment, Burlington to open

    Plymouth Meeting, Pennsylvania — Wolfson Group will launch a redevelopment of Hilltown Crossings, a community shopping center with a gross leasable area of 354,458 sq. ft., located on Route 309 at Orvilla Road in Hatfield, Pennsylvania.

  • Glimcher names VP of development

    Columbus, Ohio — Glimcher Realty Trust has appointed Kenneth Marshall to the role of VP, Development. In this position, Marshall will support the company’s development strategy, contributing to the leadership and implementation of redevelopment projects throughout the portfolio.

    Prior to joining Glimcher, Marshall served as executive VP of the Commercial Division of Colonial Properties Trust (now MAA). In addition, he has served as VP and Regional Development Director for The Westfield Corp.

  • Academy Sports to enter Louisville, Ky. market

    Katy, Texas - Academy Sports + Outdoors announced a third planned Louisville-area store, in Elizabethtown, Kentucky, scheduled to open in 2015. Academy previously announced stores opening in Louisville and Middletown, which will both open prior to the 2014 holiday season.

    All three locations were developed in partnership with GBT Realty Corporation. Academy Sports + Outdoors also announced new multi-year partnerships with both the University of Louisville Cardinals and also the University of Kentucky Wildcats.

  • Follow the Leadership

    There have been more than a few headline-grabbing leadership transitions in the retail world recently. And, to be honest, “transitions” might be too gentle of a euphemism: some big names from some big-name brands have left, been fired, forced out, voted off the board, or otherwise pressured to step down in the last few months.

  • Cabela’s announces plans for store in Calgary

    Sidney, Neb. -- Cabela’s Incorporated announced today plans to open a store in Calgary, Alberta. Construction is scheduled to begin later this year, with a fall 2015 opening.

    The 70,000-sq.-ft. store will be located adjacent the Deerfoot Mall, which is currently under plan review as an open air shopping center redevelopment project.

    It will be Cabela’s third location in Alberta, joining two locations in Edmonton, which opened in 2011 and May of this year.

  • Smith’s Food & Drug to anchor Utah mixed-use development

    Salt Lake City - The Howard Hughes Corporation (HHC) and Smith’s Food & Drug are planning a 78,000-sq.-ft.food and drug store in Holladay, Utah. The 57-acre mixed-use Cottonwood development, located eight miles from downtown Salt Lake Cit, will feature upscale shopping, dining, entertainment and offices in a “Town Square” style setting as well as multi-family residences when complete.

  • Report: Carrefour to shutter Indian stores

    Mumbai, India – In a move that may have implications for Wal-Mart, French retailer Carrefour S.A. will reportedly shutter its five Indian wholesale stores by the end of September 2014. According to Reuters, Carrefour is in advanced talks to sell its Indian assets to an unspecified buyer.

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