REAL ESTATE

  • Safeway to dispose of Dominick’s stores and exit Chicago market

    Pleasanton, Calif. -- Safeway Inc. announced it plans to get rid of its 72 Dominick's stores in the Chicago area, exiting the market in early 2014.

    Safeway’s decision comes after Dominick's had a net loss of $8.4 million for the third quarter, ended Sept. 7, compared with a loss of $6.2 million in the year-ago period, and a net loss of $21.5 million for the year to date, compared with $16.8 million for the year- ago period.

  • Urban Outfitters doubles Westwood Village sq. ft.

    Westwood Village, Calif. — Urban Outfitters has signed a lease with Topa Management Co. for 16,556 sq. ft. in Westwood Village, Calif., more than doubling the size of its presence in the urban village. The McDevitt Co. represented both parties in the transaction.

    The new store, Urban Outfitters third largest in California, has original exposed brick wall, ironwork and high ceilings and provides a brand appropriate space for the retailer.

  • Divaris signs three leases in Central Va.

    Richmond, Va. — Divaris Real Estate has announced the renewal of three retail leases totaling approximately 9.000 sq. ft. in the Richmond metropolitan area.

    Legacy School of Dance signed a lease for 3,813 sq. ft. of retail space in Colony Plaza in Midlothian, Va. This is the second Richmond area location for the dance studio. Divaris represented the landlord, Colony Crossing. Legacy joins Dolce Vita Restaurant, Best Cleaners, Colony Coffee, Native Sun Tanning, Padows Deli, Fortune Bowl Restaurant and Nail Envy.

  • Major mixed-use project for Conway, Ark.

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  • Charter Realty inks six leases in Shrewsbury, Mass., center

    New York -- Charter Realty and Development has announced six lease signings totaling 25,855 sq. ft. at the White City Shopping Center in Shrewsbury, Mass.

  • LaVida Massage Wellness Center opens in Cumming, Ga.

    Cumming, Ga. — LaVida Massage Wellness Center will open its seventh location in the greater Atlanta area in October. The new 3,200-sq.-ft. center will be located with in Castleberry Southard Shopping Center in Cumming.

    The new center will have 11 regular massage therapy rooms including one dedicated to couples’ massage.

     

  • Cafaro signs Five Below, Hot Head Burrito, Carter’s

    New York -- Five Below will debut in two Cafaro malls next summer. The three-million-sq.-ft. Eastwood Mall Complex in Niles, Ohio, will welcome a 9,300-sq.-ft. Five Below. The two-million-sq.-ft. Millcreek Mall Complex in Erie, Pa. will get an 8,700-sq.-ft. store in the Millcreek Pavilion.

    Hot Head Burrito will also open a 2,000-sq.-ft. location, now under construction, at Eastwood Mall. A young chain, Hot Head Burrito operates more than 50 restaurants in six states.

  • RKF arranges three NYC leases for Carlo Pazolini

    New York — RKF has arranged three long-term leases, totaling 13,055 sq. ft., in Manhattan for Carlo Pazolini, the European shoe and accessories brand. RKF represented Carlo Pazolini in each transaction.

    The first store is in the Meatpacking District at 410 West 14th Street and spans 5,000 sq. ft., with 2,500 sq. ft. on the ground floor and another 2,500 sq. ft. in the basement. The location has opened for business. RKF represented the landlord Amcojor Realty Corp.

  • Faith Hope Consolo on CREW Network board

    New York — Faith Hop Consolo, chairman of Douglas Elliman’s Retail Group has taken her seat as a member of the 2014 board of directors of the Commercial Real Estate Women’s (CREW) Network on Oct. 9, at CREW Network’s annual Convention and Fall Council Meeting in Dallas. Her term begins January 1, 2014.

    CREW Network is the largest commercial real estate association for women and represents approximately 8,200 women leaders in 74 markets throughout the U.S. and Canada.

  • Lord & Taylor opens in Boca Raton, Fla.

    New York -- Lord & Taylor, a division of Hudson’s Bay Company, has opened a store at Mizner Park, an open-air, mixed-use center in downtown Boca Raton, Fla. The two-level, 80,000-sq.-ft. store store marks the retailer’s return to the Sunshine State.

    The new store features the company’s latest store design, which emulates a classic style but with a new, updated twist. A sense of glamour permeates the space, seen in such details as chandeliers imported from Italy and 300 mannequins that showcase strong fashion statements.

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