REAL ESTATE

  • City Creek Center to open in March

    Salt Lake City -- Bloomfield Hills, Mich.-based Taubman Co. said Tuesday that City Creek Center, a major shopping and dining destination, will open March 22 in Salt Lake City.

    The 700,000-sq.-ft. regional attraction will feature Nordstrom, Macy’s and up to 80 stores and restaurants — one third that are new to the market. The center features a fully retractable skylight roof, a skybridge over Main Street and a host of water features.

  • Container Store to open six stores in 2012

    Dallas  -- The Container Store announced it will open six locations in 2012, making this the largest real estate growth year in the company's history and bringing the company's store count to 59 by year's end. 

    The new stores will be located in Arlington, Texas;  Las Vegas; El Segundo, Calif., Peabody, Mass., and Westbury, N.Y., with a sixth location still being finalized.

  • DDR Launches FranchiseConnect

    Beachwood, Ohio -- Shopping center owner and manager DDR Corp. announced Monday the launch of FranchiseConnect, a new online platform connecting shopping centers, franchise opportunities and entrepreneurs.

    FranchiseConnect is DDR's latest program designed to provide business opportunities to aspirational entrepreneurs. DDR recently launched Set Up Shop, a program offering flexible terms at specific locations for entrepreneurs and expanding small businesses.

  • Chipotle to open 155 to 165 locations in 2012

    Denver -- Chipotle Mexican Grill expects to open 155–165 new Chipotle locations in 2012.

    "While this is more restaurants than we've ever opened in a single year, we are confident," said co-CEO Montgomery Moran in the company’s fourth-quarter earnings call. Moran cited the "quality of what's in the real estate pipeline."

     

  • Bottom Dollar to open seven more stores in Pittsburgh and Youngstown, Ohio, markets

    Salisbury, N.C. -- Bottom Dollar Food will open an additional seven stores in the greater Pittsburgh and Youngstown, Ohio, markets on Feb. 9

    The discount grocer opened its first seven stores in the greater Pittsburgh area on Jan. 26.
     

  • GGP launches ‘Where Is the Love?’ Valentine’s Day mobile campaign

    For Valentine’s Day, mall owner General Growth Properties has challenged shoppers to power up their mobile devices to “search for the love” at a GGP mall. Effective Feb. 1, customers began entering the Where Is the Love? sweepstakes by finding and scanning love-themed QR codes hidden throughout participating GGP malls.

  • Robin Group announces promotion

    Los Angeles -- The Robin Group said Tuesday that Yoav Sarraf has been promoted to VP and director of retail brokerage services.

    Sarraf joined TRG in 2008. He was previously director of acquisitions for Brighton Holdings.

  • Post-holiday shopping center survey reveals optimism

    North Plainfield, N.J. -- A survey released Monday by Levin Management Corp., which polled retailers within its 12.5 million-sq.-ft. shopping center portfolio in New Jersey, Pennsylvania and New York, found a general feeling of post-holiday optimism.

  • NAI MLG Commercial names principal

    Milwaukee -- NAI MLG Commercial said Tuesday that Brian J. Vanevenhoven has been named principal of the firm.

    Vanevenhoven joined NAI MLG Commercial in 2000 and became a retail associate in 2001. In 2006, he was promoted to VP, and in 2007 was promoted to senior VP of the retail team. 

  • Chicago-area report points to growth in new shopping center construction after 2012

    Oakbrook, Terrace, Ill. -- A report released Monday by Mid-America Real Estate Corp. suggested that new shopping center construction in and around Chicago could ramp up significantly after this year.

    According to the 2011-12 Chicagoland Shopping Center Report, with a 13.4% decrease in new shopping center GLA in Chicagoland last year, 2011will likely mark the bottom of a four-year decline in retail center construction. After a flat 2012, shopping center development could double in 2013, according to Andy Bulson, author of the report.
     

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