REAL ESTATE

  • Simons opens its first outlet center in Southeast Asia

    Indianapolis -- Simon Property Group announced that, in 50/50 partnership with Genting Berhad, it has opened Johor Premium Outlets, its first Premium Outlet Center in Southeast Asia.

    The center encompasses 173,000 sq. ft. of gross leasable area featuring 80 stores and is located in Johor Bahur, Malaysia. A grand opening celebration will take place on December 11, 2011.

  • Perrin Paris to open at the Carlyle Hotel

    New York City -- Prudential Douglas Elliman's Retail Group said it has arranged the first New York flagship for Perrin Paris at the Carlyle Hotel on Madison Avenue between 76th- and 77th Streets.

    The House of Perrin is renowned for its elegant and timeless leather gloves, handbags and accessories, often composed of such unique and exotic skins as crocodile, python and more. Neighboring boutiques in the Carlyle Hotel include Vera Wang, Stubb & Wootton and Yves Delorme Linens.
     

  • Pure Health Bar makes New Jersey debut at Cherry Hill Mall

    Cherry Hill, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that Pure Health Bar has opened at Cherry Hill Mall, in Cherry Hill, N.J.

    Located in the Food Court, the 263-sq.-ft. Pure Health Bar is the only one of its kind in New Jersey and Pennsylvania, expanding the mall’s roster of first-to-market retailers.

  • REI makes New York City debut

    New York City -- REI (Recreational Equipment, Inc.) has opened its first-ever store in Manhattan, in the landmarked Puck Building in SoHo. The 35,000-sq.-ft. space has been carefully restored to honor the brand’s nearly 75-year heritage and the building’s more than century-old history.

  • Lindt Factory Outlets opens seventh temp store at WS center

    Chestnut Hill, Mass. -- WS Development announced that chocolatier Lindt has increased its outlet presence by adding a seventh temporary store this holiday season at a WS shopping center. The Swiss chocolate manufacturer and retailer began its relationship with WS in the spring with temporary stores at six WS Development locations in Massachusetts, New Hampshire and Connecticut. Lindt opened its seventh Lindt Factory Outlet within the WS Development portfolio last month at The Crossing at Smithfield. All seven stores will remain in place through the holidays.

  • Douglas Development names leasing director

    Washington, D.C. -- Douglas Development Corp. announced that Joe Ruzecki has joined the real estate company as the new director of leasing.

    Most recently, Ruzecki served as senior VP with CB Richard Ellis in Baltimore.
     

  • Primestor acquires 4G Plaza

    Las Vegas -- In the latest acquisition for its Primestor-Platinum Urban Opportunity Fund I, LP, Primestor Development has acquired 4G Plaza, a neighborhood shopping center in Las Vegas, for $8.8 million.

    Purchased from 4G Properties LLC, the 78,849-sq.-ft. center is anchored by El Super and shadow-anchored by The Home Depot. It is 93% leased. Other tenants include Wells Fargo, Taco Bell, Big 5 Sporting Goods and Sprint.

  • Modell’s opening in Oceanside, N.Y.

    New York City -- Modell’s Sporting Goods announced it will open a 16,460 sq. ft. store in Oceanside, N.Y., on Dec. 2. It will be the retailer’s 61st location in New York.

    Modell’s operates 148 stores located in New York, New Jersey, Pennsylvania, Connecticut, Rhode Island, Massachusetts, New Hampshire, Delaware, Maryland, Virginia and Washington, D.C.
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  • Sabre Real Estate names VP

    Garden City, N.J. -- Sabre Real Estate Group said that Anthony Russo has joined the New York metropolitan area’s newest retail real estate brokerage, Sabre Realty Group LLC, as VP.

    Russo began his career with Bagnato Realty Services, now called NAI Long Island.
     

  • Simon to expand King of Prussia Mall

    Philadelphia -- Simon Property Group announced Tuesday plans to unify the two main shopping venues of King of Prussia Mall, in King of Prussia, Pa., expanding one of America's most productive and iconic retail destinations.

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