REAL ESTATE

  • Paladino acquires S.D. Keppler & Associates

    Seattle -- Paladino and Co., a sustainability and green building consulting firm, has acquired green building consulting firm S.D. Keppler & Associates, Rockville, Md. The two firms have joined to establish a comprehensive consulting offering focused on elevating the prominence and impact of green real estate programs within business.

  • Inland Diversified Real Estate Trust acquires $71.4 million in grocery properties

    Oak Brook, Ill. -- Inland Diversified Real Estate Trust announced the acquisition of six triple-net leased grocery properties in two separate portfolio acquisitions, with a total combined purchase price of approximately $71.4 million.

    The acquisitions include three grocery stores in Missouri that are fully leased to Schnuck Markets, purchased for approximately $22.6 million in a sale-leaseback transaction. Additionally, three Pathmark grocery stores located in Delaware, Pennsylvania and New York were acquired for approximately $48.8 million.

  • Jamestown acquires 799 Market Street

    San Francisco -- Real estate investment and management firm Jamestown said Wednesday it has acquired 799 Market Street, a 142,902-sq.-ft. mixed-use development in downtown San Francisco.

    The eight-story urban retail and office building includes five floors of creative office space atop 55,000 sq. ft. of retail, currently 100% occupied by a Ross Dress for Less flagship store, one of the five highest performing Ross stores in the nation.

  • New J.C. Penney stores open at two PREIT malls

    Philadelphia -- Pennsylvania Real Estate Investment Trust said Friday that new J.C. Penney stores have opened at two of its properties – both in Pennsylvania.

    The stores, at PREIT’s Willow Grove Park in suburban Philadelphia and North Hanover Mall in Hanover, Pa, will feature the retailer’s new “Shops” format, encompassing 100 Shops that showcase apparel and home brands. As well, both stores will feature 1,700-sq.-ft. Sephora Inside J.C. Penney shop-in-shops.

  • La Mia Toscana to open at Cottonwood Plaza

    Tucson, Ariz. -- Commercial Retail Advisors said that La Mia Toscana Italian Restaurant has signed a lease for a 3,210-sq.-ft. restaurant in the Cottonwood Plaza Shopping Center in, Tucson, Ariz.

    La Mia Toscana is expected to open in first quarter 2013.

     

  • Consolo & Aquino to remake The Shops at St. Pete

    St. Petersburg, Fla. -- The Prudential Douglas Elliman retail team of Faith Hope Consolo and Joseph Aquino said Wednesday they will serve as consultants to the redevelopment of Baywalk Midcore Shopping Center into The Shops at St. Pete, a mixed-use property in St. Petersburg, Fla.

  • Uniqlo in West Coast debut unveils ‘virtual dressing room’

    San Francisco -- Uniqlo will open its first store on the West Coast, in San Francisco, on Oct. 5.

  • Bon-Ton to close Elder-Beerman location in Springfield, Ohio

    York, Pa. -- The Bon-Ton Stores said Wednesday it will close its Elder-Beerman store in Springfield, Ohio. The company will not renew the lease, which terminates January 31, 2013.
     
    Bon-Ton acquired the leasehold interests in the Springfield store as part of the Elder-Beerman acquisition in 2003.

     

  • Green building leaders establish firm to advance sustainable real estate

    Seattle -- Green-building consulting firm Paladino and Co. said Wednesday it has acquired S.D. Keppler & Associates, a green consultancy out of Rockville, Md.
     
    The two firms have joined to establish a comprehensive consulting offering focused on elevating the impact of green real estate programs within business.

  • Hull Storey Gibson acquires Mount Berry Square Mall

    Rome, Ga. -- Augusta, Ga.-based Hull Storey Gibson Companies announced its acquisition of Mount Berry Square Mall in Rome, Ga.

    The 476,778-sq.-ft. mall is anchored by Belk, J.C. Penney and Sears.

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