Deals

Boston – Nail and beauty care chain MiniLuxe, which operates eight stores in the Boston area, is coming to North Texas. MinLuxe has opened the first of 10 stores planned for North Texas in the West Village shopping center in Dallas.

The investor group behind MiniLuxe also backs Chipotle, with Silverado Interests' founding partners Rick and Dan Slaven also participating.
 

Melville, N.Y. -- A&G Realty Partners, a leading commercial real estate, advisory and investment group, has been retained by C. Wonder to manage the sale of the three retail store leases and several office locations in New York City and Long Island, following the company’s recent Chapter 11 bankruptcy filing.

Houston -- Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm, announced the completion of its 90,000-sq.-ft. redevelopment located in Port Arthur, Texas.

Beachwood, Ohio -- DDR Corp announced that David J. Oakes has been named the company’s new CEO, effectively immediately. Oakes has been DDR’s president and CFO since January 2013, and was senior executive VP and CFO for the three years prior. He succeeds Daniel Hurwitz, who stepped down December 31 by mutual agreement.

"After a thorough and robust search process, the board is confident that David is the right person to lead DDR into the future," said chairman Terry Ahern.

Dallas -- Cypress Equities announced the acquisition of The Strand, a 96,000-sq.-ft. mixed-use development located in Huntington Beach, California.  

The transaction was secured by a fund managed by Cypress’ real estate investment management group, which has acquired more than $500 million dollars of retail properties during the past two years.  
 

Grapevine, Texas – Private equity firm Altamont Capital Partners has purchased specialty restaurant chain Cotton Patch Café, which operates 45 locations in Texas, Oklahoma, and New Mexico. Kathy Nelson, CEO of Cotton Patch, participated in the investment and will continue in her role.

Altamont Capital also holds major investments in franchisees of the Taco Bell and Sonic Drive-In fast-food chains. Terms of the deal were not disclosed.

Conshohocken, Pa. -- Ikea has chosen R&O Construction to serve as construction manager for the site work and store development of its future 351,000-sq.-ft. location in Las Vegas.

Pending remaining approvals, the project will continue on track for site work to commence this month, with groundbreaking during spring 2015. The store is scheduled to open in summer 2016.

Canton, Mass. – Dunkin’ Donuts is growing its presence in the Hoosier state. The company has signed multi-unit store development agreements with two existing franchise groups to develop 46 restaurants in Indiana during the next several years.