REAL ESTATE

  • DDR completes $699 million of transactions in Q3

    Beachwood, Ohio – During third quarter 2014, DDR Corp. closed on the acquisition of eight prime power centers and the sale of seven operating assets and two land parcels, totaling $699 million of executed transactions. Seven of the eight power centers that the company acquired were purchased for $377 million at DDR's share from a joint venture formed with Blackstone Real Estate Partners VII L.P. in August 2013.

  • Positive outlook for retail leasing, construction in Northeast

    New York  -- The outlook for retail in the Northeast remains quite positive, with demand from national, local and franchise companies across a broad range of categories, according to Levin Management.

  • Microsoft plans NYC flagship store; 10 new stores for holidays

    Redmond, Wash. – Microsoft will open its first flagship location, on Fifth Avenue in Manhattan.

    In addition, Microsoft plans to open 10 new stores across the U.S. in time for the 2014 holiday season, while the flagship New York store is being built. Microsoft has not given a specific timeframe for when the flagship will open, but said it has been planning the store for five years. It will open in a spot currently occupied by luxury accessories brand Fendi, a few blocks south of an Apple store.

  • Ross Dress for Less opens new California store Oct. 11

    Dublin, Calif. - Ross Dress for Less will open a new store in Hawthorne, California, in Los Angeles County, on Oct. 11. The store is located in the Hawthorne Town Plaza.

    This new opening is part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year.

     

  • McAlister’s Deli to open 10 Tennessee franchise stores

    Alpharetta, Ga. - McAlister's Deli has signed an agreement with new franchise group MidSouth Hospitality Inc. to open 10 locations in Middle Tennessee. Led by McAlister's veteran Charles Corley, MidSouth Hospitality will be opening its first McAlister's in early 2015.

    The newly formed company plans to open a total of 10 new restaurants during the next seven years.

  • MG Properties, Hines, partner on New York mixed use project

    New York - MG Properties, the real estate investment and development arm of McCourt Global, is entering an equity and development partnership with Hines, the international real estate firm, on the development of its mixed-use project at 360 Tenth Ave. in New York City. MG Properties and Hines have selected SHoP Architects to design the project.

    In 2013, 360 Tenth Avenue was purchased from Sherwood Equities for approximately $167.5 million. The property is zoned for up to 733,406-sq.-ft. of Total Zoning Floor Area (ZFA).

  • Positive Outlook for the Northeast Retail Market Continues

    By Matthew K. Harding, president, Levine Management

    Moving into the final months of 2014, the outlook for retail in the Northeast remains quite positive. We are seeing demand from national, local and franchise companies across a broad range of categories.
     

  • Ross opens La Mesa, Calif., store Oct. 11

    Dublin, Calif. - Ross Dress for Less will open a new store in Southern California, on Oct. 11. The store is located in the La Mesa Center in the city of La Mesa, a suburb of San Diego.  

    This new opening is part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year. 

     

  • DD’s Discounts opens Houston store Sept. 27

    Dublin, Calif. – DD’s Discounts, a division of Ross Stores Inc., will open a new store in Houston, on Sept. 27. The store is located in the Mission Bend Shopping Center in the Mission Bend neighborhood.

    Including this new location, DD’s Discounts will operate more than 150 locations in 15 states and is on schedule to complete its expansion plan to open approximately 20 locations in 2014.

     

  • Report: Anthropologie planning larger-sized stores

    New York -- Urban Outfitters has big plans for its women’s lifestyle brand, Anthropologie. The retailer plans to to open 25 to 50 Anthropologie stores during the next five years that will be approximately three times larger than the brand’s current 7,000-sq.-ft. average, Bloomberg reported. The company plans, for the most part, will  either expand existing locations or find new ones when a lease comes up for renewal, the report said.

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