REAL ESTATE

  • NYC: Ripe With Urban Retail Possibilities

    By Scott Klatsky, director of retail leasing, Time Equities, Inc.

    New York City is the world’s retail hub — and within the city are major opportunities for retail expansion.

    In fact, Time Equities, Inc., has availabilities all over Manhattan — from Greenwich Village/NYU to Midtown to Upper West Side to Tribeca to Financial District ... even Brooklyn Heights.

  • Westfield Century City is now starring on 'Extra'

    Come on down to Westfield Century City in Los Angeles, and maybe you’ll get to be on television.

    The entertainment news magazine “Extra” and Westfield, which owns and operates 38 shopping centers nationwide, have formed a partnership to deliver fashion, lifestyle and celebrity news and features to television audiences from Westfield Century City.

  • Burger 21 expands to Phoenix

    Tampa, Fla. — Burger 21 has announced plans to expand in the Phoenix, market with franchise developments. The fast-casual restaurant is currently developing two Arizona locations in Scottsdale and Chandler. Both will open later this year. To date, Burger 21 has 12 open locations and 18 franchised restaurants in development across the country.

  • Alameda, Calif., center welcomes two eateries

    Alameda, Calif. — Bagel Street Café and The Best Lil’ Porkhouse have signed into South Shore Center on the waterfront in Alameda, Calif. Jamestown, a national real estate investment and management firm, owns the center.

    Bagel Street Café has signed a 10-year lease for 2,323 sq. ft. and plans to open this summer. SRS Real Estate Partners represented Bagel Street.

    The Best Lil’ Porkhouse signed a 10-year lease for 3,639 sq. ft.

  • Kohl’s Plaza in Holmdel, N.J., signs two new tenants

    Purchase, N.Y. National Realty & Development Corp. has announced that Flynn & O’Hara Uniforms and Advantage Health have inked leases in the 184,575-sq.-ft. Kohl’s Plaza in Holmdel, N.J.  

    The center is located at the intersections of Highway 35 and Union Avenue.

  • Restaurants Setting a New Course

    One of the most fascinating developments over the last several years in our industry has been the explosion of new and different types of dining concepts. And it’s not only the restaurants chains evolving and emerging, but also about the way that dining preferences are changing.

  • Baybrook Mall’s Texas-scale expansion

    Friendswood, Texas — The 1.2-million-sq.-ft. Baybrook Mall in Houston is getting another 550,000 sq. ft. The mall owner, General Growth Properties, and the landowner, a CDC Houston-managed entity, have formed a joint venture to carry out he project. Work will begin in early May and completed by the 2015 holiday season.

  • Levin receives Monmouth County, N.J., assignment

    Holmdel, N.J. Levin Management has been named the exclusive leasing agent for Holmdel Crossing, a planned 140,000-sq.-ft. retail development in Holmdel, N.J.

    According to Levin, pre-leasing efforts will focus on identifying anchor or junior anchor tenants that will drive the remaining retail tenancy,

  • Napa Center is transforming downtown Napa, Calif.

    Fort Worth, Texas and Napa, Calif. — A joint venture of Trademark Property Co. and Zapolski Real Estate LLC, the $30 million Napa Center transformation started in September 2013 with upgrades to common areas. Changes include new energy-efficient roofing, paint and façade upgrades, new architectural elements, expanded and updated walkways, new seating areas, landscaping, ambient lighting and signage.

  • Plaza Retail REIT plans six Canadian retail projects

    Fredericton, Canada -- Plaza Retail REIT plans six new Canadian retail projects: four new re-developments and two new ground-up development projects. Four projects are located in Quebec, one in Atlantic Canada and one in Ontario.

    In all, Plaza will be investing approximately $24 million for its share of these six new projects and will add approximately 155,000-sq.-ft. to its portfolio of retail properties (at Plaza's ownership percentage). The Ontario project and three Quebec projects are being developed with joint venture partners.

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