REAL ESTATE

  • Sportech to debut new sports concept

    New Haven, Conn. -- Sportech Venues, owner and operator of Winners sports bars and OTB in Connecticut, will launch a major new concept in sports entertainment at the Bradley Teletheater adjacent to Bradley International Airport, in Windsor Locks. Construction concludes shortly, with the opening planned for early January 2014.

  • RadioShack opens concept store in Virginia Dec. 14

    Fort Worth, Texas -- RadioShack will open its newest Fairfax, Va. location as a concept store on Dec. 14. The new store is the first concept store in this area.

    All concept stores in the company's portfolio feature an upgraded shopping experience, which showcases the company's new look, and incorporates interactive areas designed to help shoppers improve their technology profile. Some features include:

  • ICSC 2013 New York conference attendance spikes

    New York — Nearly 7,600 attendees packed into the International Council of Shopping Centers New York National Conference and Deal Making, a 9.6% spike over last year and the largest year-on-year increase since 2009.

    “The New York Conference acts as a strong bellwether for industry growth in the year to come,” said Michael P. Kercheval, president and CEO of ICSC. “When the conference sees an increase in attendance, the industry grows the following year; if attendance contracts, so too does the industry.”

  • Phase I of Watertown, Mass., Arsenal Project is complete

    Boston — Boylston Properties and The Wilder Companies have completed phase one of the redevelopment of the Arsenal Mall in Watertown, Mass.The companies marked the occasion by announcing a new name for the mall: The Arsenal Project.

    Completed enhancements to The Arsenal Project include a reconfigured interior layout with new seating, upgrades to the building’s exterior and landscaping. Oversized metal tree-planters now line Arsenal Street, the center’s entrance and other areas throughout the development.

  • Shopko announces plans for two new Hometown stores

    Green Bay, Wis. -- Shopko announced plans to open two new Shopko Hometown stores. The stores, which will average 36,000 sq. ft., are located in Mayville, Wis., and Valentine, Neb.

  • CBRE: Retail real estate shows strongest growth

    Los Angeles — Retail real estate showed the strongest growth in capital values and rents of all property types globally in the third quarter of 2013, according to CBRE Group, Inc.

  • RMC names new director of property management

    Tampa, Fla. — RMC Property Group has named Sharon Rogers-Barron director of property management for the company. She will oversee the day-to-day property management and financial performance of RMC proprietary properties and third party managed assets.

  • Texas retail center valuations boom

    Houston — Exceptional job growth, population gains and improved retail fundamentals have significantly elevated the sales prices for shopping centers in Texas over the last year, according to Deal Sikes & Associates, a Houston-based real estate valuation and counseling firm.

    Some retail properties have increased in value more than 20 percent in 2013, compared to last year, added Matthew Deal, principal at Deal Sikes & Associates.

  • Mall operators Simon, Macerich, and Westfield launch same-day delivery with Deliv

    Palo Alto, Calif. -- Deliv, the same-day delivery company, announced alliances with three of America’s largest mall operators, Simon Property Group, Macerich, and Westfield, to provide the convenience of same-day service to shoppers in malls across the U.S. starting this holiday season. This follows a similar same-day delivery partnership announcement from General Growth Properties (GGP).

  • Sarah’s Kitchen inks Midtown Manhattan lease

    New York — Sarah’s Kitchen has signed a lease for a 9,150-sq.-ft. space at 270 Madison Ave., between East 39th and East 40th Streets in Midtown Manhattan. Expected to open in third quarter 2014, the eatery will occupy approximately 6,350 sq. ft. on the ground floor and 2,800 sq. ft. in a mezzanine.

    PD Properties represented Sarah’s Kitchen, which is part of the same restaurant group that operates Delmonico’s Gourmet Food Market. Winick Realty Group represented the landlord, ABS Partners in the transaction.

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