REAL ESTATE

  • Inland acquires The Corner Shopping Center

    Tucson, Ariz. -- Oakbrook, Ill.-based Inland Diversified Real Estate Trust announced the acquisition of The Corner, an 80,155-sq.-ft. shopping center in Tucson, Ariz., for approximately $29.5 million.

    Tenants at The Corner include Total Wine, Nordstrom Rack and Five Guys Burgers and Fries, along with Sleep Number by Select Comfort, Sprint and Paradise Bakery.  

     

  • Fresh Market to open at the Village at Nellie Gail Ranch

    Laguna Hills, Calif. -- Vintage Real Estate announced that The Fresh Market will open at its neighborhood shopping center The Village at Nellie Gail Ranch in Laguna Hills, Calif., which is undergoing a $17 million renovation and expansion.  

    The gourmet grocer will open a 21,000-sq.-ft. store in summer 2014.

    The expansion and renovation of Village at Nellie Gail Ranch includes new facades, storefronts, refreshed landscaping and outdoor gathering spots. With the expansion, the center will total approximately 100,000 sq. ft.

  • tvsdesign celebrates opening of fifth largest retail center in China

    Tianjin, China -- Global architecture and interior design firm, tvsdesign, celebrates the opening of Galaxy Mall, the retail portion of Tianjin's new Cultural Center District, which opened in October 2012. With 360,000 square meters of total building area, Galaxy Mall ranks among the top five largest retail complexes in China, and is more than 80% leased.

  • Nor’easterly Surge

    Not even a hurricane named Sandy could erode the economic upsurge experienced by the northeastern United States over the last year. What this region rebuilt after the Great Recession has managed to stay strong even in the face of Sandy’s 80-mph winds, record flooding and the damage inflicted by its nor’easter sister that arrived just days after the fall 2012 hurricane.

  • Target holiday tour across Canada heralds planned store openings

    Mississauga, Ontario -- Target will sponsor a tour across Canada that will visit more than 20 communities ahead of the planned opening of its stores in the country, the retailer said Tuesday.

    The tour will start in Halifax, Nova Scotia, and conclude in British Columbia in the middle of December. Target plans to open 124 stores in Canada starting in March and April 2013.

  • Top 10: Apple heads list of retailers with highest sales per square foot

    New York -- Apple Inc. operates the most successful retail stores by a significant margin, according to RetailSails, a retail and consumer goods consulting firm. Apple stores averaged $6,050 per sq. ft. in the past 12 months, double those of Tiffany & Co., which ranked second, generating sales of $3,017 per sq. ft.

    Here is RetailSails list of the 10 retailers with the highest sales per square foot:

  • Starbucks opens 100th store in Beijing

    Beijing -- Starbucks Coffee Co. advanced its growth plans in China with the opening of its 100th store in Beijing. The company also announced the launch of Starbucks China University, its talent development program.

    Starbucks has announced that China will be its second largest market by 2014 and will have 1,500 stores by 2015 across more than 70 cities. It currently operates 700 locations throughout Mainland China.”

  • Walgreens restores historic Chicago building into flagship

    Deerfield, Ill.  -- Walgreens unveiled its newest Chicago flagship, in the historic Noel State Bank building in the city’s Bucktown/Wicker Park neighborhood. This is the chain’s second flagship in Chicago and, like its downtown State and Randolph flagship location, features an extensive collection of innovative offerings, products and services unexpected from a drugstore.

  • Baccarat to open New York City flagship in May

    New York -- Baccarat is set to unveil their newest flagship store in New York City in May 2013 ahead of the iconic brand's upcoming 250th anniversary.

    Located at 635 Madison Avenue at 60th Street, the 2,800-sq.-ft. store -- designed by Rafael de Cardenas -- will be a new global retail model for the brand, showcasing tableware, lighting, decorative objects and jewelry to reflect the richness of the Baccarat lifestyle and the brand's commitment to innovation and excellence.

  • Bruxie among new tenants at Shoppes at Chino Hills

    Chino Hills, Calif. -- The Shoppes at Chino Hills is bringing Bruxie Gourmet Waffle Sandwiches, joining recent tenants Crème de la Crème Bakery, Icy-Licious shaved ice, Sleep Number bed shop, and What Lola Wants women’s apparel at the Chino Hills, Calif., shopping center.

    The 375,000-sq.-ft. community/lifestyle center also features a newly expanded A&M Home Décor.

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