A New York federal court conditionally certified two class action lawsuits alleging that managers of 36 Applebee's Neighborhood Bar & Grill franchise restaurants in the metro New York area systematically altered employee time records to avoid paying minimum and overtime wages to thousands of current and former employees.
Sears Outlet Stores has leased a 354,000-sq.-ft. former Sears location in Kansas City, expanding outlet store operations and services and developing a new central distribution center for the South-Central region.
American Realty Capital – Retail Centers of America, Inc. ("ARC Retail") closed its acquisition of the Tiffany Springs MarketCenter, located in Kansas City, Mo., on Sept. 26, for a contract price of $53.5 million, exclusive of closing costs.
Shopping center owner and developer DDR Corp., based in Beachwood, Ohio, said Tuesday it will sell 22 acres of land to Ikea Property for the construction of Ikea’s first store in Kansas, located in the Kansas City bedroom community of Merriam, Kan.
SRS Real Estate Partners said it represented Brentwood Specialty Center, LLC in the sale of The Streets of Brentwood to a partnership between New York City-based DRA Advisors and RED Legacy out of Kansas City.
Kansas City, Mo. -- Chain Store Age real estate columnist Jeff Green, featured regularly on Chainstoreage.com’s community page with his “Retail Rap with Jeff Green” commentary, was interviewed by the Kansas City Star about trends in retail real estate.
Developers Diversified Realty and Glimcher Realty Trust announced Wednesday that the companies have entered into an agreement to swap two assets better aligned with the other’s operating platforms and strategies.