REAL ESTATE

  • CBRE awarded leasing assignment for 6-property portfolio

    Los Angeles -- CBRE said it has been retained by Starwood Capital to work collaboratively with Starwood’s leasing team to lease six malls located in California, Florida, Illinois, Nebraska and Ohio.

    The new CBRE assignment followed Starwood Capital's recent acquisition of a 90% stake in seven U.S. malls.

    The properties include: Solano Mall in Fairfield, Calif.; Westland Mall in Miami; Chicago Ridge Mall in Chicago; Louis Joliet Mall in Chicago; Gateway Mall in Lincoln, Neb.; and Southpark Mall in Cleveland.

  • Charter Realty acquires Towers Plaza

    Melrose, Mass. -- Charter Realty and Development Corp. said it has acquired the 52,000-sq.-ft. Towers Plaza for $8.6 million.

    The neighborhood shopping center, located in Melrose, Mass., a suburb of Boston, was originally built in 1965 and later renovated and expanded. It is anchored by Johnnie’s Foodmaster Supermarket and Rite Aid.  

    Charter said it anticipates doing a façade renovation as well as upgrades to the common area. The work will commence this fall and continue in the spring.

     

  • CBL & Associates names leasing exec

    Chattanooga, Tenn. -- CBL & Associates Properties announced that Sally Cooney has joined the company as regional director of leasing, charged with overseeing the Cincinnati regional leasing team’s efforts and merchandising strategy.   

    Cooney most recently served as regional VP for General Growth Properties in its Atlanta regional office.

     

  • Ross to open urban store in mixed-use center

    Peoria, Ill. -- Cullinan Properties Group, developer of the East Peoria (Ill.) Downtown development, said Friday that Ross Dress for Less will open a 25,000-sq.-ft. junior-anchor store at the mixed-use project, joining previously announced Target, Costco, Ulta and Gordman’s.

    Red Robin Gourmet Burger will open a 4,001-sq.-ft. restaurant and dental chain Heartland Dental Care will open in a 2,700-sq.-ft. space.

  • Walmart Supercenter opens after eight years in the making

    Baltimore, Md. -- New York City-based Brixmor Property Group said Walmart Supercenter at Liberty Plaza, in Randallstown (Baltimore), Md., grand-opened on Oct. 17 in 160,908 sq. ft.

    Brixmor said that discussions with Walmart for the development of this supercenter began as early as 2004, as redevelopment efforts paved the way for the retailer.

  • Starbucks opens first store in India

    Mumbai -- Starbucks Coffee Co. on Friday entered its 61st country with the opening of its first store in India, in a historic building in southern Mumbai. The store is owned and operated by Tata Starbucks Limited, the 50/50 joint venture between Starbucks and Tata Global Beverages Limited. The company plans to open two additional stores in Mumbai next week before launching in New Delhi in early 2013.

  • Simon Property and Paragon Outlet in joint venture to open outlet center

    INDIANAPOLIS -- Simon Property Group and Paragon Outlet Partners, Baltimore,  have signed a letter of intent to jointly develop Charlotte Premium Outlets, in Stallings, N.C.

    Projected to open in 2014, the outlet center will be 400,000 sq. ft. and will house approximately 100 designer and name brand stores.
      
    The project, which is expected to break ground during spring 2013, is a 50/50 joint venture between Simon Property Group and Paragon Outlet Partners.

  • Dunkin’ Donuts to open 16 locations in Salt Lake City

    CANTON, Mass. -- Dunkin' Donuts has signed a multi-unit store development agreement with existing franchisee Sizzling Donuts, LLC for 16 new restaurants in Salt Lake City, Utah.
     
    The first restaurant is planned to open in 2013 and the remainder by 2018.
    In February 2012, Sizzling Platter, LLC formed the subsidiary Sizzling Donuts, LLC and signed their first multi-unit agreement with Dunkin' Donuts to develop 11 new restaurants in Denver, Colorado, and eight new restaurants in El Paso, Texas, over the next several years.

     

  • Target to add store in Chicago

    MINNEAPOLIS -- Target has announced plans to open a new store in Chicago.  The 190,000-sq.-ft. store, to be  located on West Division and North Larrabee Streets, is scheduled to open in October 2013.

    To date, Target has announced plans to open 10 Target stores in 2013, including CityTargets in Los Angeles, Portland and San Francisco.

     

  • Second Time Around adding new locations

    NEW YORK -- Consignment chain Second Time Around (STA) announced it is opening three more stores in Manhattan this October, all on the city’s Upper East Side.   

    The new locations will bring the company to 36 stores nationwide, with the figure expected to grow to 40 by year end.

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