REAL ESTATE

‘Emerald City’ Amazon Go in the works

BY Deena M. Amato-McCoy

With locations planned for Chicago and San Francisco, Amazon Go is also expanding in its own backyard.

Amazon plans to open a second location for its cashier-less store format, Amazon Go, in its hometown of Seattle, reported GeekWire.

Set to open in fall 2018, the new outpost will be located on the first floor of a 36-story high-rise building, according to the report. And at approximately 3,000 sq. ft., it will be about 70% larger than the original — and still the only — 1,800-sq.-ft. Amazon Go, which is located about one mile away in an Amazon office building, and opened to the public in January.

Click here to read more about Amazon Go.

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Bluemercury rides beauty boom with store expansion

BY CSA Staff

With sales of premium beauty products on the rise, Bluemercury shows no signs of losing its momentum.

The beauty retailer, which was acquired by Macy’s in 2015, plans to open about 25 stores this year, and another 30 in 2019, reported Bloomberg. The expansion will give Bluemercury a total of some 215 stores. (The retailer also is opening in-store locations at Macy’s.)

Bluemercury is using technology to give it an edge. It is expanding its within-an-hour delivery service from New York to Los Angeles, and also developing phone-recognition software to identify customers as they enter a store, the report said, with the intent of sending the customer product suggestions based on recent purchases.

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CBRE adds three to its New York retail team

BY Al Urbanski

Looking to expand its activity in New York’s outer boroughs, CBRE has added a trio of local leasing pros to its industrial and retail real estate team in the city.

Brad Cohen, Jacob Tzfanya and Jon Kamali, all formerly of Eastern Consolidated, recently represented Realterm Logistics in its purchase of Modell’s 300,000-sq.-ft. warehouse in the Morris Park section of the Bronx. The team also negotiated the acquisition of Bulova’s 83,000- sq.-ft. headquarters in Woodside, Queens, on behalf of Terreno Realty.

“New York’s outer boroughs have become an even more strategic market amid the rise of e-commerce, given the boroughs’ location within the largest U.S. metropolitan area,” said Adam Mullen, leader of CBRE’s Industrial & Logistics practice.

Cohen and Tzfanya join CBRE as senior VPs, Kamali, will serve as a senior associate.

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