REAL ESTATE

  • DDR launches effort to recapture anchor stores

    Beachwood, Ohio – Shopping center operator DDR Corp. is commencing a multi-year proactive lease termination initiative aimed at recapturing high-quality anchor store locations across its portfolio. Through this initiative, DDR is collaborating with retailers in the books, electronics, toys, office and traditional department store categories to right-size their real estate footprints by regaining control of locations in advance of natural lease expiration.

  • Infinite Beauty to Manhattan

    New York — Skincare specialist Infinite Beauty has leased its first New York City location at 1031 Third Avenue and 61st Street, according to Faith Hope Consolo, chairman, and Joseph Aquino, executive VP of Douglas Elliman’s Retail Group, which represented both the landlord and tenant in the transaction.

    The retailer has stores in affluent areas along the east and west coasts, from Boca Raton, Fla., to Annapolis, Md., and White Plains, N.Y., to Roseville, N.Y., and Palo Alto, Calif.

     

  • & Other Stories, H&M’s sibling brand, to SoHo

    New York — & Other Stories, a sibling brand to H&M, has leased a 10,915-sq.-ft. space at 575 Broadway in the SoHo district of Manhattan, according to RKF, which represented the landlord, 575 Broadway Associates LP, in the transaction. Cole Schotz provided legal counsel. CBRE represented & Other Stories.

  • Simon completes spin-off of Washington Prime

    Indianapolis — Simon Property Group has completed the separation of Washington Prime Group Inc., which is now an independent public company that will be traded on the New York Stock Exchange under the symbol “WPG.”

    Washington Prime holds interests in 98 retail assets, including the strip center business formerly owned by Simon.
     

     

  • Cadence McShane completes mall redo in Denton, Texas

    Addison, Texas Cadence McShane Construction Company has completed the renovation and new construction assignment at Golden Triangle Mall in Denton, Texas, on behalf of owners GTM Development Ltd., a joint venture created by Cencor and The MGHerring Group.

  • Macy’s to anchor new mall in Hawaii

    Cincinnati -- Macy’s announced an agreement for Macy’s to anchor the new Ka Makana Ali‘i in Kapolei in West O‘ahu, Hawaii. Current plans call for the 103,000-sq.-ft., one-level store to open in mid-2016.

  • New Claudette restaurant leases Fifth Avenue site

    New York — Restaurateurs Carlos Suarez and Mark Barak, known for their two popular eateries, Bobo and Rosemary’s, have taken space for a new Provencal restaurant to be called Claudette in New York City.

    Located at 24 Fifth Avenue close to Washington Square Park, Union Square and New York University, the 2,409-sq.-ft. restaurant, which includes 2,044 sq. ft. in the basement, features menus from Chef Wade Moises and Chef de Cuisine Koren Grieveson that focus on local produce, seafood and North African aromatics.

  • Planning begins for Philadelphia’s 30th Street Station

    Philadelphia — Brandywine Realty Trust, Amtrak and Drexel University have selected Skidmore, Owings & Merrill LLP in association with Parsons Brinckerhoff, OLIN, and HR&A Advisors to develop a comprehensive master plan for the area around Philadelphia’s 30th Street Station.

    Planning will begin immediately. The goal is to develop a vision that locates the station at the epicenter of a dynamic, urban neighborhood that provides opportunities for community development, economic development and improved transportation connections.

  • Tabani Group buys Glen Town Center in Chicago’s MSA

    Glenview, Ill. — The Tabani Group has acquired The Glen town Center in Glenview, Illinois, in the Chicago metro area.

    The 267,732-sq.-ft. center is located just 20 minutes from downtown Chicago in the affluent North Shore suburb of Glenview. Dick’s Sporting Goods and separately owned Von Maur, anchor the center. Tenants include Jos A. Bank, Yard House, Bravo! Cucina Italiana and the Regal Glen 10 Movie Theatres, which are also separately owned.

  • Experiential retailer Make Meaning opens in Bethesda, Maryland

    New York -- Make Meaning is expanding its East Coast presence with the opening of its sixth U.S. location, at Bethesda Row in Bethesda, Maryland, on June 9. Make Meaning has five additional locations nationwide – two in New York City, as well as locations in Dedham, Massachusetts, Thousand Oaks, California, and Scottsdale, Arizona. The company plans to roll out additional locations nationwide and abroad.

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