\r\n \r\nThe shopping center will be anchored by Price Chopper grocery, Rite Aid, STS Tire and Auto Centers and Family Dollar and will feature approximately 22,000 sq. ft. of stores and restaurants. The grand opening is scheduled for June 2013. \r\n
","showSummary":null,"url":"/real-estate/cbl-breaks-ground-crossings-marshalls-creek","date":"2012-08-06T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]},{"title":"CBRE names president of central division","id":11894,"bundle":"article","summary":"
Los Angeles -- CBRE Group announced that Mike Gerard has been named president of the company’s U.S. Central Division, a geographic region with more than 25 offices in nine states. \r\n \r\nGerard has served as chief learning officer since early 2011, with responsibility for CBRE University, and other learning and development programs. He will continue to provide executive oversight for CBRE University. Andrea Lipton, corporate director of learning & development, has been promoted to VP and will run the university’s day-to-day operations. \r","showSummary":null,"url":"/real-estate/cbre-names-president-central-division","date":"2012-08-02T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]},{"title":"Jones Lang LaSalle to lease/manage Centre at Glen Burnie","id":11891,"bundle":"article","summary":"
Glen Burnie, Md. -- Jones Lang LaSalle said that it has been awarded the leasing and management of Centre at Glen Burnie, a 419,858-sq.-ft. retail center located in Glen Burnie, Md. \r\n \r\nDeveloped in 1963, the Centre at Glen Burnie is 85% leased and anchored by Target, Hhgregg, Office Depot, Dick's Sporting Goods and Toys R Us. Other tenants include Chick-fil-A, FootLocker, GNC, Payless ShoeSource, Radio Shack, Five Guys, Famous Footwear and Dots. \r\n
","showSummary":null,"url":"/real-estate/jones-lang-lasalle-leasemanage-centre-glen-burnie","date":"2012-08-02T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]},{"title":"Ann Taylor Loft to open at Colorado Mills","id":11888,"bundle":"article","summary":"
Lakewood, Colo. -- Indianapolis-based Simon Property Group said that Ann Taylor Loft will open a store this fall at outlet and value shopping destination Colorado Mills, located in the Denver suburb of Lakewood. \r\n \r\nLoft will be located near Saks Fifth Avenue Off 5th, Ann Taylor Factory Outlet and Banana Republic Factory Store. \r\n
York, Pa. -- The Bon-Ton Storesannounced it will convert its Elder-Beerman nameplate in two markets in Michigan. Elder-Beerman stores in Howell and Monroe will be converted to the company’s Carson’s nameplate.
“We are making this strategic change in nameplates as a result of a marketing review,” said Brendan Hoffman, president and CEO. “The usage of Carson’s nameplate will allow us to communicate more effectively and provide us the opportunity to expand our outreach to more consumers.”
Carmel, Ind. -- Indianapolis-based Kite Realty Group said that Panera Bread will open a 4,019-sq.-ft. location at Rangeline Crossing, formerly named The Centre, in Carmel, Inc.
Old National Bank will open a 5,600-sq.-ft. outlotat the 83,533-sq.-ft. center, which is currently undergoing a redevelopment.
Bergen, N.J. -- Vitamin Shoppe Inc. reported Tuesday that net income for the second quarter surged 38.8% to $16.6 million, compared with $12 million in the year-ago period and marking the third straight quarter of profit increases.
Revenue rose 13.4% to $245 million, beating Wall Street’s expected $241.8 million in revenue.
The company said it is on track to open 52 stores in fiscal 2012.
New York -- Total operating income of all shopping centers on a square-foot basis in the second quarter of 2012 rose 4.9% from the same quarter last year, while operating expenses rose by a larger 5.8%, according to a new quarterly shopping-center benchmarking report from The National Council of Real Estate Investment Fiduciaries (NCREIF) and the International Council of Shopping Centers (ICSC).
London -- New shopping center development in Europe is expected to increase by a quarter in 2012 to meet retailer demand for modern, high quality retail space, according to the latest research by global property adviser CBRE.
Turkey is the most active market, accounting for one-third of new space delivered in the first half of the year. This is some way ahead of Germany, with Italy and Poland just behind.
CHATTANOOGA, Tenn. -- CBL & Associates Properties announced that construction has started on The Crossings at Marshalls Creek, a 103,000-sq.-ft. shopping center development in Stroudsburg (Middle Smithfield), Pa.
The shopping center will be anchored by Price Chopper grocery, Rite Aid, STS Tire and Auto Centers and Family Dollar and will feature approximately 22,000 sq. ft. of stores and restaurants. The grand opening is scheduled for June 2013.
Los Angeles -- CBRE Group announced that Mike Gerard has been named president of the company’s U.S. Central Division, a geographic region with more than 25 offices in nine states.
Gerard has served as chief learning officer since early 2011, with responsibility for CBRE University, and other learning and development programs. He will continue to provide executive oversight for CBRE University. Andrea Lipton, corporate director of learning & development, has been promoted to VP and will run the university’s day-to-day operations.
Glen Burnie, Md. -- Jones Lang LaSalle said that it has been awarded the leasing and management of Centre at Glen Burnie, a 419,858-sq.-ft. retail center located in Glen Burnie, Md.
Developed in 1963, the Centre at Glen Burnie is 85% leased and anchored by Target, Hhgregg, Office Depot, Dick's Sporting Goods and Toys R Us. Other tenants include Chick-fil-A, FootLocker, GNC, Payless ShoeSource, Radio Shack, Five Guys, Famous Footwear and Dots.
Lakewood, Colo. -- Indianapolis-based Simon Property Group said that Ann Taylor Loft will open a store this fall at outlet and value shopping destination Colorado Mills, located in the Denver suburb of Lakewood.
Loft will be located near Saks Fifth Avenue Off 5th, Ann Taylor Factory Outlet and Banana Republic Factory Store.