REAL ESTATE

CBRE airs retail innovation videos
CBRE’s Melina Cordero, an expert in consumer behavior, has produced a series of videos to instruct brick-and-mortar retailers in how to get more results at the point-of-sale. The first three of these can be viewed on CBRE’s new retail innovation website.
Motor-themed restaurant/retail concept revs up for U.S. debut
Start your engines: Ace Café, a motorcycle and car-themed chain, has parked itself in downtown Orlando. The 35,000-sq-ft. entertainment, dining and retail destination is the first North American location of the London-based brand and the sixth Ace Cafe in the world. Ace Cafe Orlando spans two floors and features a full-service restaurant, four bars, a coffee bar, a stage, a mezzanine that overlooks the main floor dining area and stage, and private and semi-private spaces for groups.

North Carolina mixed-use center to rise up around new Ikea

Ikea announced last week it would build a new location adjacent to a CBL property outside Raleigh, and this week CBL announced it would capitalize on that occasion to transform its Cary Towne Center into a mixed-use project. CBL has been working with the town of Cary — an affluent and growing community in the Research Triangle — to start the zoning process to allow the construction of a multi-phase renovation of the property. Plans call for a mix of high-end retail, dining, entertainment, residential, office, and green space.
Phillips Edison and the shopping center of the future

A decade from now, there’s not likely to be a shopping center — a successful one, at least — without click-and-pick meals, several fitness options, and healthy food and beverage purveyors. That was the take of Phillips’ Edison’s VP of national accounts Michael Conway during a session at the RECon show. Some things all centers will soon provide, according to Conway:
Walmart making big investment in Florida

Walmart is expanding—and updating—its footprint in the Sunshine State. The retailer will open nine new stores across Florida in its current fiscal year, creating more than 800 jobs, and also execute a multi-million-dollar capital investment plan by remodeling more than 40 locations across the state. Walmart currently operates 375 stores in Florida.
Long-delayed megamall inches closer to reality with new financing
Why college towns are brilliant for retail

Deborah Butler grew up in a college town. More importantly, she watched her family grow one store into a mega-retail-complex in Gainesville, Florida, that keeps on growing. The University of Florida has been very, very good to Butler and her family, and Butler has lots to say about the symbiotic relationship of higher education and retail.
Donahue Schriber unveils new phase for San Diego center

Donahue Schriber announced the next phase of Del Mar Highlands Town Center at RECon this week. The 120,000-sq.-ft. addition of GLA will bring the total square footage at the San Diego property close to 400,000. Called The Collection, the new phase will be anchored by local natural foods grocer Jimbos…Naturally! The company’s leasing strategy for the remainder of the space will focus on retail, dining, and services catering to the area’s highly educated, affluent, and time-constrained consumers.
The top five breakout trends in shopping centers are…

There is a good chance that the shopping center as its exists today will look completely different 10 years from now.
Off-price giant to debut new store banner this summer

TJX Cos. is importing one of its Canadian/European brands to the United States.