REAL ESTATE

  • NRDC promotes two to executive team

    Purchase, N.Y. — National Realty & Development Corp. (www.nrdc.com) has promoted Dovid M. Spector and Greg A. Oshins have been promoted to the executive team.

    Spector has been promoted to senior VP, leasing. He began his career with NRDC in 2002 as a leasing representative and served as Director of Retail Leasing for the pat six years. Prior to joining NRDC, Spector worked in the Real Estate Business Development division of Morgan Stanley.

  • Fuddruckers enters Dominican Republic market

    Houston — Fuddruckers has opened its first Dominican Republic restaurant in Santo Domingo through a partnership with franchisee Eduardo J. Gadala-Maria and Giancarlo Bonarelli.

    The 3,500-sq.-ft. unit opened in Galeria 360, one of several new shopping malls in the city. Galeria 360 features 120 stores and restaurants plus a large movie theater.

     

  • Divaris announces three Hampton Roads, Va., leases
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  • Slipstream Cocktail & Coffee to launch in Washington, D.C.

    Washington, D.C. - Slipstream, a new coffee and cocktail business with its flagship location set to open along 14th Street in Logan Circle in Washington, D.C., will open in spring 2014. Slipstream will focus on service,e as well as the journey of coffee from source to sip and will complement the coffee with crafted cocktails in the evening.

  • CBRE | FAMECO: All retail, all the time

    Conshohocken, Pa. — CBRE and FAMECO joined forces in 2013. Together, the new entity’s all-retail service lines include retailer representation, owner representation, property management and investment sales.

    CBRE | FAMECO combines the power of CBRE’s global platform with the specialized retail expertise of FAMECO to create a one-stop source for retail occupiers, owners and developers throughout the Mid-Atlantic region and beyond.

  • Art Van Furniture plans two new Chicago-area stores

    Warren, Mich. – Art Van Furniture is adding its seventh Chicagoland location in Downers Grove. Renovations are set to begin to transform the two-story 106,000-square-ft. building into a new store scheduled to open in January 2015.

  • Bar Louie opens in St. Charles, Mo.

    St. Louis — Bar Louie will open its newest location on January 21 in St. Charles, Mo.

    It will be the chain’s fifth Missouri location. The 6,484-sq.-ft.  bar and eatery will seat 241 patrons.

     

  • J.C. Penney to close 33 stores by May

    Dallas -- J. C. Penney Company announced that as part of its turnaround efforts it will close 33 underperforming stores across the country. The shutterings, which will result in the elimination of about 2,000 positions, are expected to result in an annual cost savings of approximately $65 million, beginning in 2014.

  • Moe’s Southwest Grill enters California market

    Atlanta — Moe’s Southwest Grill has signed a deal to bring 18 new restaurants to Sacramento and Santa Cruz over the next seven years. This is the franchiser’s first push into California.

    HKM II is the franchise group behind the California expansion. HKM II owns 42 quick-serve burger restaurants throughout Northern California, Southern Nevada and Arizona.

  • Nordstrom to open at Toronto Eaton Centre

    Seattle -- Nordstrom plans to open a full-line store in the heart of downtown Toronto, at Toronto Eaton Centre.

    Construction of the approximately 213,000-sq.-ft., three-level store is set to begin in March 2014, with the store opening slated for fall 2016. Toronto Eaton Centre is owned and managed by The Cadillac Fairview Corp. Ltd.

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