REAL ESTATE

  • RKF launches Toronto office

    New York — RKF has opened an office in Toronto and named Steven Alikakos president, Canada. RKF’s Canadian expansion comes just weeks after the firm formalized an affiliation with the U.K.-based retail consulting firm CWM Retail Property Advisors.

    A growing number of American retailers have launched stores north of the border in recent years, a trend expected to continue. Likewise, the U.S. has seen a wave of expansions from Canadian retailers. RKF hopes to play a role in sustaining and accelerating cross-border retail migration.

  • Los Angeles’ $160 million One Santa Fe 'tops out'

    Los Angeles — The largest residential development currently under construction in downtown Los Angeles, One Santa Fe has been “topped out” by Bernards, the commercial builder directing the project.

    Construction companies “top out” projects when they add the last beam to the top of a building.

  • Macy’s, Bloomingdale’s to anchor new Mall at Miami Worldcenter

    Cincinnati -- Macy’s announced an agreement for Macy’s and Bloomingdale’s stores to anchor the new Mall at Miami Worldcenter, to be built in downtown Miami. Current plans call for the stores to open in fall 2016.

    Miami Worldcenter, a major mixed-use project with retail, hotel, residential and convention space, is being planned by The Forbes Company and Taubman Centers.

  • Dollar Tree to Brooks Crossing in Watauga, Texas

    Watauga, Texas — Dollar Tree has leased an 8,450-sq.-ft. location at Brooks Crossing, a community retail center in Watauga, Texas. The Weitzman Group represented the shopping center, and The Retail Connection represented Dollar Tree.

    The Brooks Crossing tenant line-up includes Albertsons, GameStop, Tuesday Morning, Chase, GNC, Subway, Taco Bell and others. Cencor Realty Services manages Brooks Crossing.

  • StreetMac to manage recapitalized Stratford Square Mall

    Northbrook, Ill. — StreetMac Asset Managers and Five Mile Capital Partners LLC have joined forces to recapitalize Stratford Square Mall in Bloomingdale, Ill.

    The 1.3 million-sq.-ft. mall features more than 100 stores and restaurants, a 14-screen cinema complex and national retail anchors including Macy’s, Sears, Carson Pirie Scott, J.C. Penney, Kohl’s and Burlington Coat Factory.

  • Inland Real Estate Group receives ethics award

    Oak Brook, Ill. -- The Inland Real Estate Group of Cos. has been named the recipient of the 2014 Torch Award for Marketplace Ethics by the Better Business Bureau.

    The award was presented at the 17th Annual BBB Awards Luncheon Ceremony at the InterContinental Hotel in Rosemont, Ill.  

    This is the second Torch Award for Marketplace Ethics that Inland has received from the BBB. The company was presented with its first Torch Award for Marketplace Ethics in 2009. Last year’s winner was The Boeing Co.

  • Togo’s enters Tempe, Ariz., with first restaurant

    Tempe, Ariz. -- Togo's Eateries has opened its first restaurant in Tempe, Ariz., owned by current Togo's franchisees, Monty and Diana Coury, who opened the first Togo's restaurant in Gilbert, Ariz., last year.

    "Since opening our first restaurant in Gilbert, we've seen a tremendous amount of support from the community and there is still a huge potential for growth in the market,” said Monty Coury.

  • Quaker Steak & Lube to develop restaurants in Nebraska and Iowa

    Sharon, Pa. -- Casual-dining brand Quaker Steak & Lube announced an area development agreement with Bosselman Food Services to open two locations in Nebraska and one in Iowa, which will mark the brand's entrance into the state of Nebraska. Bosselman Food Services plans to open one Quaker Steak & Lube restaurant per year in 2014, 2015 and 2016.

    "We look forward to the opening of our first restaurant next year, and are excited for a great future with Quaker Steak & Lube," said Charlie Bosselman, president of the Bosselman Cos.

  • Michael’s signs into Torrington, Conn., center

    New York -- Michael’s has leased a 21,400-sq.-ft. former Circuit City store at the Torrington Fair shopping center in Torrington, Conn.

    Wal-Mart, Price Chopper and Petco anchor the center, which is now 100% leased, although there is an outparcel that may be developed in the future. Charter Realty & Development www.chartweb.com and Lornell Realty made the deal.

  • Levin adds two New Jersey shopping center assignments

    Edison and Eatontown, N.J. — Levin Management has added two new shopping center assignments — on behalf of two new clients — to its portfolio.

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