REAL ESTATE

  • Fixtures Living to open at Oakbrook Center

    Chicago -- General Growth Properties said that its Oakbrook Center property in Chicago has welcomed Fixtures Living, an experiential showroom concept based in San Diego.

    The Oakbrook Center store is the company’s first outside of California. It is slated to open in spring 2014 and will be Fixtures Living's fifth overall and the second one situated within a luxury retail center – the other being Glendale (Calif.) Galleria.

  • Twin Peaks unveils new name, trio of major anchors

    Longmont, Colo. -- NewMark Merrill Mountain States named three new anchors for the redeveloped Twin Peaks Mall: Whole Foods Market, Regal Cinemas and Sam’s Club.

    The project, which is slated to open in 2014, also unveiled its new name – Village at the Peaks.

  • Uncle Julio’s to make Pennsylvania debut at Plymouth Meeting Mall

    Philadelphia -- Tex-Mex family restaurant operator Uncle Julio’s will join Plymouth Meeting Mall in late 2013, according to mall owner Pennsylvania Real Estate Investment Trust (PREIT), based in Philadelphia.

    The 9,300-sq.-ft. location will be the first in Pennsylvania, and marks the completion of The Plaza Shops extension, which is anchored by Whole Foods and includes Massage Envy, Coldwater Creek, Loft, Chico’s, Olly Shoes, Orvis, and Jos. A. Bank.

  • Brixmor names former Kimco COO as new president/CFO

    New York -- Brixmor Property Group has appointed Michael V. Pappagallo as president and CFO, effective May 20.

    Pappagallo will play an integral role in the execution of Brixmor's long-term business and capital markets strategy.  In addition, he will lead the company's finance and accounting teams, as well as have functional oversight of its property operations, information technology, acquisitions/dispositions and investor relations efforts.

  • Bloomingdale’s to make Hawaiian debut

    New York -- Bloomingdale’s plans to open a 167,000-sq.-ft., three-level store at the Ala Moana Center in Honolulu in fall 2015. It will be the retailer’s first location in the state of Hawaii.

    The new store will be part of a redevelopment of a portion of Ala Moana, by GeneralGrowth Properties. Construction will begin in 2014. The upscale chain of department stores, owned by Macy’s, will join a Macy’s store which already operates at the shopping center.

  • Cupcake Charlie’s opens at Patriot Place

    Foxborough, Mass. -- Gourmet cupcake bakery Cupcake Charlie’s will celebrate the opening of its fourth location on May 18, at Patriot Place in Foxborough, Mass.

    The growing business also has locations in Mashpee, Plymouth and Newport, R.I.
     

     

  • Douglas Development adds new retailers to downtown Washington, D.C.

    Washington, D.C. -- Douglas Development said that specialty candy store IT’SUGAR will join soft-serve yogurt shop FrozenYo and bar concept Jackpot Tavern in Chinatown, across from the Verizon Center and Gallery Place Metro Station, in Washington, D.C.

  • Wegmans delays Massachusetts store opening

    New York – Wegmans is pushing back the scheduled opening of a new store in Newton, Mass., until spring 2014. The grocery retailer is citing construction delays and demands of other projects, such as the upcoming grand opening of a replacement store in Rochester, N.Y., this Sunday, for causing the later opening of the new suburban Boston location.

    Wegmans currently operates one store in Massachusetts, a 138,000-sq.-ft. facility in the town of Northborough.

     

  • DDR to acquire select power enters for $1.46 billion

    Beachwood, Ohio -- DDR Corp. announced an agreement to acquire a portfolio of prime power centers from its existing joint venture with Blackstone Real Estate Partners VII.  The acquisition is slated to close in fourth quarter 2013.
     
    The joint venture between Blackstone and DDR currently owns 44 shopping centers, and DDR will acquire Blackstone's 95% common equity ownership interest in 30 of the shopping centers for $1.46 billion.

  • Horizon Group, CBL to develop The Outlet Shoppes at Louisville

    Simpsonville, Ky. -- Following on the heels of successful outlet projects in Atlanta and Oklahoma City, CBL & Associates Properties and Horizon Group Properties announced another joint venture – to co-develop The Outlet Shoppes at Louisville, in Simpsonville, Ky.

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