Finance & Capital Management

Simon on Wednesday broke ground on Clarksburg Premium Outlets, in Montgomery County, Maryland.

This multi-million dollar project, which upon completion, will offer a collection of over 90 retailers. The center, scheduled to open in October 2016, is a joint venture between Simon, New England Development, and Streetscape Partners.

Located in one of the country's highest-income regions, and only 30 miles from the Washington, D.C., metro area, the center will feature 392,000 sq. ft. of leasable space.

Little Rock, Ark. -- New England Development opened Outlets of Little Rock in Little Rock, Arkansas, on Oct. 16. The center welcomed thousands of area residents and visitors to shop at Arkansas’ only outlet center.

The newest destination for shopping in the region is home to first-to-market fashion retailers: Under Armour, Asics, Bass Factory Store, Brooks Brothers Factory Store, Cole Haan, Levi's Outlet Store, Lindt Chocolate Shop, Restoration Hardware and Skechers.

RCS Real Estate Advisors announced today that it secured almost $2,000,000 at auction for home goods chain Anna's Linens, which filed for Chapter 11 on June 14.

Target Corp. is making a number of aggressive moves to become more self-reliant when it comes to IT development.

According to the Wall Street Journal, the latest move is the adoption of the DevOps software development strategy. DevOps emphasizes increased cooperation among software engineers and product deployment employees, and also focuses on agile development and testing methods.

Just a few weeks after installing a new CEO, the Fresh Market is planning to conduct a strategic review that may include a sale of the specialty grocery chain.

The company says it has retained J.P. Morgan Securities as its financial advisor to assist in this process, which may result in the company continuing to pursue value-enhancing initiatives as a standalone company, capital structure optimization, or a sale of the company or other business combination.

When you know what’s coming your way, it’s much easier to make successful plans.

For this reason, furniture retailer Havertys will deploy the GT Nexus collaborative supply chain management platform to improve supplier and inventory visibility. This, in turn, will allow Havertys to automate procurement processes, including purchase order management, three-way matching and invoice settlement.

Andrew Hunt, the co-founder of the hot eyewear retailer Warby Parker, has raised $138.3 million for a new venture capital firm, reports Boston Business Journal. The Boston-based firm is called Elephant Partners and is reportedly focused on consumer Internet, mobile and software. (Boston Business Journal)

Ikea and Best Buy are among the top retailers supporting a U.S.-sponsored pledge to act on combating climate change.

President Barack Obama met with a group of business leaders Monday at the White House to announce the signatories of the American Business Act on Climate Pledge.

"The perception is that this is an environmental issue, it's for tree-huggers, and that hard-headed business people either don't care about it or see it as a conflict with their bottom lines," Obama said.