REAL ESTATE

  • RKF announces two promotions in Northern New Jersey office

    Rutherford, N.J. -- RKF announced that two brokerage professionals have been promoted in its New Jersey office. Glenn Beyer has been promoted from managing director to senior managing director, while Conor O’Hara was promoted from canvasser to associate.

  • Simon breaks ground on Chicago Premium Outlets expansion

    Aurora, Ill. — Simon has launched construction of its expansion of Chicago Premium Outlets, adding 50 new stores, including Saks Fifth Avenue Off 5th, and including a comprehensive renovation of the Chicagoland center.

  • Soma now open at Promenade Shops at Centerra

    Loveland, Colo. -- Soma opened a new store on July 12 at The Promenade Shops at Centerra, in Loveland, Colorado.

    Soma, a division of Chico’s FAS, currently operates 264 boutiques nationwide, as well as its online presence at soma.com.

     

  • Corner Bakery Café to enter Oregon

    Dallas -- Corner Bakery Café announced its entry into Oregon, with the addition of franchise partner NW Ventures. As the operator of more than 138 Burger King franchises in Oregon and Mexico, as well as two TGI Fridays in Mexico, NW Ventures joins Corner Bakery Cafe as its 32nd franchise partner, with plans to open 12 neighborhood cafes in the state of Oregon and Vancouver, Washington.

  • DDR opens center in New Hampshire Aug. 12

    Beachwood, Ohio - DDR Corp. will hold the grand opening of Seabrook Commons, the company’s most recent ground-up development project located in Seabrook, New Hampshire, on Aug. 12. This 380,000-sq.-ft. prime power center is 96% leased, anchored by Wal-Mart, Dick's Sporting Goods, PetSmart, Michaels, Ulta, Famous Footwear and Five Below, and features a complementary restaurant lineup that includes Panera, Outback Steakhouse and Noodles & Company.

  • Capri Capital Partners launches Capri Retail Advisors

    Chicago — Capri Capital Partners has formed Capri Retail Advisors, an affiliate that will focus on retail opportunities in underserved and evolving retail trade areas in strategically selected major U.S. metropolitan markets.

    Ross Glickman, former chairman and CEO of Urban Retail Properties, has been named president and CEO of the new affiliate. Ken Lombard, former president of the Starbucks in-store entertainment division and also former president of Magic Johnson’s urban retail real estate development company, is chairman and chief investment officer.

  • Schostak Brothers acquires 23-center portfolio

    Livonia, Michigan — Schostak Brothers & Company, Inc. announced the acquisition of 23 shopping centers from Coldwater Liquidating Trust. The purchase is part of a bankruptcy liquidation in which Schostak Brothers purchased the majority of the remaining Coldwater Liquidating Trust portfolio, totaling 405,000 sq. ft.

    The 23 shopping centers span 19 states, and is the third acquisition of Super Walmart shopping centers in less than a year.

  • Noodles & Co. to open at Levee District

    East Peoria, Ill. -- Cullinan Properties said that Noodles & Company will be opening a new restaurant in November at the Levee District in East Peoria, Illinois.

  • Goodwill opens new store in metro Phoenix

    Chandler, Ariz. -- X Team International announced that partner Velocity Retail Group has completed deals with Goodwill of Central Arizona and six other retailers in the metropolitan Phoenix market.

    Goodwill of Central Arizona will open a 27,600-sq.-ft. retail store in Chandler, Arizona, located at Arizona Avenue and Riggs Road.

  • Visa opens commerce innovation center

    San Francisco - Visa Inc. is opening One Market, a 112,000-sq.-ft. innovation center and office space at One Market Street in San Francisco. The move provides Visa technologists, clients, partners and the Bay Area tech community an innovative space to jointly develop the next generation of commerce applications.  

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