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Development/Redevelopment

  • Bottom Dollar Food grocery chain expanding

    Salisbury, N.C. -- Discount grocery chain Bottom Dollar Food announced Monday plans to enter the greater Pittsburgh and Youngstown, Ohio, markets.

    The expansion includes 14 stores that will open in 2012 and slated to create more than 600 jobs.

  • Donahue Schriber completes $1.2 billion recapitalization

    Costa Mesa, Calif. -- Costa Mesa, Calif.-based shopping center developer Donahue Schriber announced it has successfully completed the final piece of a $1.2 billion balance sheet recapitalization.

    The recapitalization occurred through several transactions.  The final piece was a $365 million refinance with a bank syndicate led by Bank of America and also included Wells Fargo Bank, U.S. Bank, PNC Bank, Union Bank and City National Bank. 

  • Compare Supermarket to anchor Clifton Plaza

    Clifton, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said that Compare Supermarket has signed on to anchor Clifton Plaza in Clifton, N.J.

    The 16,000-sq.-ft. lease commitment and Clifton Plaza’s transition to a grocery-anchored property coincide with Levin’s renovation/expansion at the 80,127-sq.-ft. shopping center.

  • Play ball! JCPenney CMO to open baseball camp

    NEW YORK — Mike Boylson, formerly EVP and CMO of JCPenney, has traded retailing for baseball. The 32-year JCPenney veteran, who officially stepped down from the company on July 1, and a friend are opening a franchise of D-Bat, a baseball and softball training academy, Advertising Age reported. The facility is due to open this fall.

  • Dollar General divisional president to retire

    Goodlettsville, Tenn. -- Dollar General Corp. announced Monday that Kathleen Guion, division president of store operations and store development, will retire from the company effective July 31, 2012.

    According to Dollar General, during her tenure Guion oversaw more than 9,500 stores in 35 states and revamped the company’s real estate strategy. Before assuming her current role in November 2005, Guion served as executive VP store operations. Prior to joining Dollar General in 2003, she served as president and CEO of Duke and Long Distributing Co.

  • Casual Male opens Destination XL in Phoenix, on track to open 100 new stores

    Canton, Mass. -- Casual Male Retail Group said Monday it has opened a new, 12,663-sq.-ft. Destination XL in Phoenix, which joins five locations in Georgia, Illinois, Texas, Nevada and Tennessee.

    The company said it plans to open up to 13 DXL stores during the balance of 2011, another 20-30 stores during 2012 and approximately 100 stores over a four to five year period.

    Casual Male also said it is preparing to launch a DXL website, with a multi-channel solution similar to the DXL store experience. 

  • Carl’s Jr. expands in Texas

    Dallas -- Venture Commercial Real Estate announced the completion of several transactions that will bring new Carl’s Jr. restaurants to Garland, Balch Springs, Lufkin, and Beaumont, Texas, by the end of the year.

    With the addition of these four locations owned and operated by RWJP Star Enterprises, the total number of Carl’s Jr. restaurants in Texas will be 48.

  • Vista Equities to launch second phase of LaCenterra

    Katy, Texas -- Houston-based developer Vista Equities Group reports a rise in lease activity and interest for its mixed-use town center development in Katy, Texas – LaCenterra at Cinco Ranch. The remaining 3,100 sq. ft. of phase one retail space and almost 6,000 sq. ft. of existing office space has been leased.

    New retailers include Another Round and Flip Flop Shop. Businesses relocating or adding locations in LaCenterra include Amerejuve Med Spa, Retina Consultants of Houston and Eventsia Group.

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