REAL ESTATE

  • Hemline trends suggest that stock prices will rise

    George Taylor, a University of Pennsylvania Wharton School professor, came up with a theory called The Hemline Index in 1926. The theory identifies women’s hemlines as a leading economic indicator. Rising hemlines indicate that stock prices will begin to rise in the not-to-distant future. Falling hemlines indicate the falling stock prices and economic decline.

  • JC’s 5 Star Outlet going out of business

    Columbus, Ohio -- JC's 5 Star Outlet, formerly the outlet store division of J.C. Penney, is winding down operations and closing its 15 stores. "Going out of business" sales will start Wednesday, offering shoppers deeper discounts than the usual outlet prices of 25% to 75% off retail.

    The 5 Star Outlet stores, which had been designated for closure by J.C. Penney, were acquired by SB Acquisitions in October 2011, and rebranded JC's 5 Star Outlet.
       

  • Petco opens at Levin-managed Hamilton Plaza

    Hamilton Township, N.J. — A 13,640-sq.-ft. Petco has opened at Hamilton Plaza in Hamilton Township, N.J., according to Levin Management, which manages and leases the 175,515-sq.-ft. property. Ripco served as the tenant’s broker in the transaction.

  • Chuck E. Cheese’s and Claire’s sign new leases at Kendall Village Center

    San Jose, Calif. – Chuck E. Cheese’s has signed a long-term lease renewal and expansion of roughly 2,126 sq. ft. for a total of about 16,158 sq. ft. at Kendall Village Center in Kendall, Fla. To accommodate this expansion, Berkowitz Realty Group had to relocate accessory retailer Claire’s within the center.

  • Rouses Markets to expand into Alabama; will remodel six acquired stores

    Thibodaux, La. -- Southern grocery store operator Rouses Markets will take ownership of six former Belle Foods stores in Alabama from Associated Wholesale Grocers (AWG), a retail-owner cooperative of which Rouses Markets is a member. AWG and its group of grocers and operators submitted the winning bid last week at the Belle Foods bankruptcy auction in Birmingham.

    This is Rouses Markets' first expansion into Alabama. The company currently operates 38 stores in Louisiana and Mississippi. Three new stores in Louisiana were also recently announced.

  • Tucson Men’s Wearhouse moves to larger space

    Normal 0 false false false MicrosoftInternetExplorer4
  • Leslie’s Poolmart going to Portsmouth’s Academy Crossing

    Virginia Beach, Va. — Leslie’s Poolmart has signed a lease for 5,200 sq. ft. in the Academy Crossing Shopping Center in Portsmouth, Va. Divaris Real Estate represented the landlord, Midlantic Builders VA in the transaction.

    Other tenants at Academy Crossing include Coldwell Banker, Gymboree, Beadworks, Serenity Nails and Rita’s Pizza.

     

  • New Fairway Market to open in TriBeCa in 2014

    New York -- Fairway Group Holdings Corp., parent company of the Fairway Market grocery chain, has signed a long term lease to open a 52,242-sq.-ft .grocery in Manhattan's TriBeCa neighborhood with commercial realtor Jack Resnick & Sons.

    This store is expected to open in fall 2014. It will be the first Fairway location in Lower Manhattan and the 16th Fairway food store in the tri-state New York, New Jersey and Connecticut region.

     

  • Nonprofit grocery store Fare & Square opens in Chester, Pa.

    CHESTER, Pa. -- Fare & Square, the nation's first nonprofit grocery store of its kind, opened in Chester, Pa. It is the first full service grocery store to open in Chester, a “food desert” area, since 2001.

    Fare & Square will sell a full array of food with a focus on fresh products in a 16,000 sq. ft. store with six departments including produce, deli, fresh meat, seafood, dairy, frozen and dry goods featuring brand name and private labels.   

  • Five Applebee’s sold in 1031 exchange

    San Diego  — Representing a real estate investment trust, The Mansour Group has sold a portfolio of five Applebee’s for $13.3 million.

    To complete the transaction, The Mansour Group sourced a private high net worth California investor, who sold an apartment complex and acquired the portfolio through a 1031 exchange. The restaurants are located in North Carolina, Texas, Tennessee, Minnesota and Kentucky:

X
This ad will auto-close in 10 seconds