REAL ESTATE

  • DDR expands Puerto Rico redevelopment program

    Beachwood, Ohio -- DDR Corp. announced Tuesday that it has expanded its redevelopment program in Puerto Rico from $50 million to $90 million.

    "Increased demand for quality retail space in this supply-constrained market has created unique value-add opportunities in many of our most productive assets," said Paul Freddo, senior EVP leasing and development, DDR. "By executing our strategic redevelopment plan, we are creating attractive opportunities for our key domestic tenants to establish or expand their presence on the island."

  • Cabela’s adds two new stores to 2014 lineup

    Sidney, Neb. -- Cabela’s Inc. on Tuesday announced plans for two new stores, one in Greenville, S.C., and the other in Woodbury, Minn.

    Cabela’s expects to open the Greenville store – its first South Carolina location – in spring 2014. The 100,000-sq.-ft. store will be located in Magnolia Park, a newly redeveloped shopping center.

  • PPR to expand Christopher Kane brand and open boutiques

    Paris -- French luxury group PPR’s Tuesday announcement that it has acquired 51% of British fashion brand Christopher Kane means that the luxury designer will soon have branded boutiques. The first is slated to open in London as early as 2014.

    According to a report by Reuters, the deal is part of PPR's strategy to add to its luxury portfolio with small brands that have growth potential.

    "We think it can become a sizeable business," Alexis Babeau, managing director of PPR's luxury division, told Reuters on Tuesday.

  • Target to open in Huntington, N.Y.

    Minneapolis -- Target announced plans to open a store in Huntington, N.Y. in October.

    To date, Target has announced plans to open 17 Target stores in 2013.

     

  • Destination Maternity opens first Canada location

    Philadelphia -- Destination Maternity Corp. said it is opening its first Destination Maternity store in Canada on Thursday in Calgary, Alberta, at the Kingsland Village retail development.

    The store will debut its A Pea in the Pod brand in Canada.

  • Cohen brokers sale of Hartford shopping center to Inland

    Newington, Conn. -- Cohen Real Estate said Thursday that it has brokered the sale of Newington Fair Shopping Center for $17.5 million to Inland Diversified Real Estate.

    The property is a 100 % occupied, 187,000-sq.-ft. power center located in the community of Newington, and is anchored by a 135,000-sq.-ft. Sam’s Wholesale Club and a 52,000-sq.-ft. L.A. Fitness.

    The seller is a Houston-based developer, owner and manager of single and multi-tenant retail properties.

     

  • CBL acquires interest in Kirkwood Mall

    Bismarck, N.D. -- Chattanooga, Tenn.-based CBL & Associates Properties announced Thursday that it plans to acquire Kirkwood Mall, located in Bismarck, N.D., from Radiant Partners.

  • Kimco Realty part of Supervalu deal

    New Hyde Park, N.Y. — In the much-watched deal between Supervalu and a consortium of investors led by Cerberus Capital Management, Kimco Realty Group – along with several other real estate companies — has emerged as a player.

  • European Wax Center to open at Murray Hill

    New York -- Winick Realty Group announced that European Wax Center has signed a lease for its first Murray Hill location at 222 East 34th Street, between Second and Third Avenues. The 1,900-sq.-ft., ground-floor store is slated to open this spring.

    The store is part of the newly developed retail at the base of 480-unit luxury apartment building The Anthem.

    Winick Realty Group is exclusively handling retail leasing on the building on behalf of landlord Rosebud Associates.

     

  • Jo-Ann Fabric and Crafts to open at Conyers Plaza

    Conyers, Ga. -- Brixmor Property Group announced a 24,920-sq.-ft. lease was executed with Jo-Ann Fabric and Crafts at Conyers Plaza, located in Conyers, Ga.

    Brixmor, based in New York City, is the owner of Conyers Plaza.

     

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