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REAL ESTATE

  • RCS retained by Diamond Wireless for portfolio optimization and more

    New York -- RCS Real Estate Advisors said Tuesday it has been retained by Diamond Wireless, a mall-based retailer and one of six National Premium retailers for Verizon Wireless, to provide advice and performance analysis to the retailer in the management of its real estate portfolio.

    As Diamond Wireless continues to expand nationally, RCS said it is charged with ensuring that Diamond’s current and future site selections, which include both inline stores and kiosks, deliver the highest and best value and efficiencies available in the mall marketplace today.

  • Westfield and Geopon team to launch mobile coupon app

    Miami -- Mobile coupon application provider Geopon said Tuesday that it has collaborated with mall owner Westfield to debut an Android app that combines geo-targeted coupons with electronic reward programs and payment processing.
     
    The new app launched Tuesday in the South Florida market and, said Geopon, will soon be joined by the iPhone, which is currently in beta testing.

    The entire platform will be unveiled on Sept. 6 at the Westfield Broward Mall, in Plantation, Fla.

  • CKE plans to expand Hardee’s in Minneapolis market

    Carpinteria, Calif. -- CKE Restaurants is planning to expand its Hardee's footprint in the Minneapolis area over the next several years and sees the potential to develop more than 59 new restaurants in the market.

    “We are excited to expand in the Minneapolis area, and we're now looking for experienced multi-unit operators to join the brand,” said Jim Sullivan, CKE's senior VP domestic franchise development.

  • Target Canada openings confirmed

    Minneapolis -- Target on Thursday confirmed the list of the stores that it intends to open across Canada in 2013.

    As previously reported, Target purchased the leasehold interests of 189 sites currently operated by Zellers, and is slated to open 125 to 135 stores in Canada, the majority of which will open in 2013.

    The latest announcement confirms the first 125 stores that will open in 2013, and later this year, Target will confirm additional store locations that will open starting in early 2014 and beyond.

  • Mosaic mixed-use development to open in September

    Washington, D.C. -- Columbia, S.C.-based Edens said Wednesday that its new mixed-use development Mosaic will open this September in Washington, D.C.

  • Inland Real Estate Acquisitions acquires South Elgin Commons

    Elgin, Ill. – Oak Brook, Ill.- based Inland Real Estate Acquisitions has announced the acquisition of South Elgin Commons, a 128,000-sq.-ft. shopping center in Elgin, Ill., for approximately $25 million.

    The property was 100% leased at closing and is anchored by Ross Dress for Less, Toys “R” Us and LA Fitness.

  • Half Price Books to open at Fayette Place

    Lexington, Ky. – Tarrytown, N.Y.-based DLC Management Corp. sad that Half Price Books will open a new store at Fayette Place, located in Lexington, Ky.

    The 8,976-sq.-ft. junior anchor will join Marshalls, Shoe Carnival, Pier1 Imports, Outback Steakhouse and Dollar Tree in the neighborhood shopping center.

    It will be the second Half Price Books location in the Lexington community.
     

  • LA Fitness to open at Old Town Shopping Center

    Dallas -- Venture Commercial said that LA Fitness has signed a long-term lease to build a 45,000-sq.-ft. facility in the Old Town Shopping Center in Dallas, on the site of a former Borders bookstore.

    LA Fitness has begun razing the existing building on behalf of the landlord, preparing the site for construction of a new prototype club, which is expected to open around the end of the year.

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