REAL ESTATE

  • Report: High demand, limited availability keep Manhattan real estate market strong

    New York -- Average asking rents on Lower Fifth Avenue in Manhattan rose 13% since the spring of 2012 to $1,021 per square foot (psf) and are up 51% since the same period in 2011, according to The Real Estate Board of New York (REBNY’s) Fall 2012 Retail Report. The study revealed continued signs of improvement in the Manhattan retail market, with high demand and limited availability, which significantly drove up asking rents especially in the most prominent shopping corridors

  • Papyrus opens in Time Warner Center

    New York -- Papyrus opened its 18th store in New York City, in the Time Warner center.

    The 1,500-sq.-ft.-shop features the retailer’s “Hummingbird” design that is featured in 183 stores in the United States.

     

  • PGA Tour to open first Northeast location

    Roswell, Ga. -- PGA Tour Superstore announced it will open its first Northeast location, in Paramus, N.J., on Nov. 21. The 57,000 sq.-ft. store will offer a selection of golf merchandise and apparel.

  • Tommy Bahama prepares to open Fifth Ave. flagship

    New York -- Tommy Bahama Group Inc. said Thursday its first Tommy Bahama global flagship store will open on Nov. 17 at 551 Fifth Avenue in Manhattan.

  • Ikea seeks to build larger store in Burbank, Calif.

    Conshohocken, Pa. – Ikea announced it is submitting plans to the City of Burbank, Calif., for a new and larger store to replace its current location among the Swedish retailer’s presence in the Los Angeles area. The application will mark the beginning of the governmental review process for this proposed relocation.

  • Fresh Market leases four Houston-area locations

    Greensboro, N.C. - The Fresh Market said Wednesday it has entered into agreements to lease four new store locations that are currently operated as Rice Epicurean Markets, a family-owned specialty food retailer based in Houston.

    Rice Epicurean Markets will continue to operate the stores through the end of the year, and will close these four stores during the first quarter of 2013.

  • Foot Locker unveils new fitness concept store

    New York -- Foot Locker announced Tuesday the introduction of SIX:02, an elevated retail concept featuring fitness apparel and athletic footwear for women.

    The first three stores will open for the holiday season in Stamford Mall in Stamford, Conn., Willowbrook Mall in Wayne, N.J., and North Star Mall in San Antonio, Texas.

    SIX:02's concept is based on being the first-to-market design around a broad assortment of women’s athletic brands in an environment created specifically for that female customer, according to Foot Locker.

  • JLL: Shopping centers focus on digital media this holiday season

    Atlanta -- Jones Lang LaSalle released a forecast suggesting that shopping centers will be pulling out all the digital stops this holiday season to engage and interact with consumers to influence purchasing decisions.

  • Corner Bakery Café expanding in the Northeast

    Dallas -- Corner Bakery Café has signed a franchise agreement to open its first restaurants in New York’s Nassau County beginning in 2013. Earlier this year, Corner Bakery Cafe announced similar expansion plans in the Northeast, including Northern New Jersey, Connecticut and Rhode Island.
     
    Four M Bakery, LLC, a group of veteran restaurant operators, which also owns 12 Buffalo Wild Wings through Four M Capital, LLC, has plans to open seven Corner Bakery Cafes in Nassau County.
     

  • Marimekko expanding to West Coast

    New York -- Marimekko will open a flagship in the heart of Beverly Hills, Calif., on Nov. 15. The 5,000 -sq.-ft. store will feature the entire range of Marimekko products, from signature fashions to home furnishings and textiles, as well as a showroom to support further business development of the brand in the area.

    The Finnish textile and clothing design company, renowned for its original prints and colors, opened a store in Palo in the Stanford Shopping Center, on Oct. 25.

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