REAL ESTATE

  • Woodmont to expand Streetsboro Commons

    Dallas-Fort Worth, Texas — The Woodmont Company plans to break ground in February on a new building at its Streetsboro Commons development in Streetsboro, Ohio. The new building, located on a pad, is already about 80% pre-leased to three national tenants: Starbucks, Jimmy John’s and Midwest Mobility Services/AT&T dealer.

  • McAlister’s Deli partners with Buxton for growth, location optimization

    Fort Worth, Texas -- McAlister's Deli has partnered with Buxton to identify the best market opportunities for continued growth. Buxton's restaurant expertise and Scout platform will allow McAlister's to quantify growth potential and optimize locations of new and existing restaurants.

  • Alaska lodging resort to include open market

    Philadelphia – Aramark has unveiled plans for Denali Park Village, a new lodging experience in Anchorage, Alaska, that will include an open market. The company is transforming and re-branding two adjacent properties it owns, McKinley Village Lodge and Denali River Cabins & Cedar Lodge, with a projected May 2014 opening.

  • Plan to redo Portland’s Lloyd Center is unveiled

    Portland, Ore. — Cypress Equities, the management company for Lloyd Center, has shared its initial plans for updating the historic shopping center in the Lloyd District adjacent to downtown Portland.

    The proposal, which has been submitted to city officials, calls for two entirely new pedestrian entryways designed to provide greater access to the shopping center and to build synergy with the stir of activity along Multnomah Street.

  • Hanley logs 10 December retail property sales

    Irvine, Calif. — Hanley Investment Group Real Estate Advisors closed out 2013 with 10 retail property sales totaling nearly $61 million in December. For the year, Hanley logged sales of more than $315 million. Among the December sales were:

  • Value-adding at Tri-Land

    Tri-Land Properties is demonstrating the power of value added retail real estate investing with its extensive renovation of Fridley Market at the intersection of University Avenue and I-694 in Fridley, Minn.

    Tri-Land is a full-service, real estate development and redevelopment company focused on the successful acquisition, development, renovation and management of community centers ranging in size from 100,000 sq. ft. to 750,000 sq. ft.

  • Saks to make Canada debut, in Toronto

    Toronto -- Hudson's Bay Company will sell its flagship in downtown Toronto and neighboring office tower for C$650 million ($587.09 million) to an affiliate of commercial real estate developer Cadillac Fairview Corp., and open a full-line, 150,000-sq.-ft. Saks store in the leased-back space.

  • Rent-A-Center opens Roswell, Ga., store

    Plano, Texas -- Rent-A-Center has opened its newest location in Roswell, Ga. This marks the 79th store Rent-A-Center operates in the state of Georgia.

    Rent-A-Center also operates more than 3,000 stores in the U.S., Puerto Rico, Canada, and Mexico. The company employs more than 21,000 workers.

  • The Rug Dept. opens in Norwood, Mass.

    Hingham, Mass. -- Building #19, the New England closeout retailer which shut its doors after declaring Chapter 11 bankruptcy in December 2013, has returned as The Rug Dept. The company opened its first Rug Dept. store in the town of Norwood, Mass. on Jan. 26.

  • Le Pain Quotidien leases Manhattan location

    New York — Le Pain Quotidien has leased a 3,100-sq.-ft. retail location at 1006 First Avenue, on the northeast corner of East 55th Street. A former Chase Bank location, the site offers 65 ft. of frontage set slightly above street level, allowing for excellent visibility and signage.

    Le Pain Quotidien, an organic bakery and communal table restaurant, has more than 200 locations on five continents.

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