REAL ESTATE

  • Smoothie King to expand in Missouri; plans 1,400 new stores globally

    New Orleans - Smoothie King Franchises Inc. has signed a five-store development agreement for Missouri with new franchisee Jackie Floyd. The smoothie chain currently has 21 locations in the state, including more than a dozen in the St. Louis area, with three additional stores planned to open in the market in 2014.

  • CBRE names capital markets senior associate

    Phoenix -- Molly Busch has joined the Capital Markets group of commercial real estate firm CBRE Group Inc. in Phoenix. A senior associate, Busch will partner with VP Andrew Fosberg.

    The duo focuses on investment sales with an emphasis in retail properties. Busch comes to CBRE from Grand Canyon University, where she was the director of marketing for athletics and fan development.

  • Ross Dress for Less opens Colo. store Oct. 11

    Dublin, Calif. -- Ross Dress for Less will open a new store in Colorado on Oct. 11. The store is located in Prairie Center in the community of Brighton, eight miles northwest of Denver.

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

     

  • Starbucks opens first community store in Korea

    Seattle - Starbucks Corp. opens its first community store in Korea, located in the Daehakro neighborhood of Seoul, on Oct. 1. Thirty cents from every purchase at this store will go to Green Umbrella ChildFund Korea (GUCFK) to directly support lifelong skills development for youth through the Starbucks Comprehensive Youth Leadership Program.

  • Madison Marquette Retail Services names new VP

    Washington, D.C. -- Madison Marquette Retail Services (MMRS), a national real estate development, leasing and management firm specializing in infill, mixed-use, community and specialty retail properties, has named Lori Coleman VP, management services, California. In her new role, Coleman will oversee the company’s entire California portfolio, which includes 4.8 million sq. ft. across 18 properties.

  • Three big box retailers come to Alliance Center

    Fort Worth, Texas -- Trademark Property Co., a retail and mixed-use investor, developer and operator, has welcomed three national big box stores to Alliance Town Center. DSW (Designer Shoe Warehouse), Men’s Wearhouse and Sleep Experts have all opened at the 1 million-sq.-ft. outdoor shopping center in Fort Worth, Texas.

    DSW is leasing 15,000-sq.-ft. at the shopping center. The new Men’s Wearhouse location totals 5,500-sq.-ft. and the new Sleep Experts store measures 4,500-sq.-ft.

  • Juicy Couture to launch in India

    New York -- Authentic Brands Group, a global brand development and licensing company, announced an agreement with Reliance Brands Limited (Reliance) to bring casual luxury lifestyle brand Juicy Couture to India in fall 2015.

  • 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.

  • New stores come to Pohatong Plaza

    Purchase, N.Y. -- National Realty & Development Corp. (NRDC) is leasing 49,480-sq.-ft. of new retail tenancies at Pohatcong Plaza in Phillipsburg, N.J. Marshalls/HomeGoods and Quaker Steak and Lube have joined the 562,000-sq.-ft. center.  

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