Development/Redevelopment

Seattle -- Nordstrom announced plans to open a Nordstrom Rack in Boise, Idaho.

The 37,000-sq.-ft. store will be part of the Boise Towne Plaza shopping center and is expected to open in spring 2012.

New York City -- Wal-Mart Stores plans to expand its presence in the smaller cities of China, Ed Chan, CEO and president of the company’s China operations, said today at an investor meeting by video conference, Bloomberg reported.

The discounter may also buy more land to build stores in China, which it predicted will be the world’s largest grocery market by 2014, according to the report. Wal-Mart is building its seventh Sam’s Club outlet in the northeastern port city of Dalian, on the first plot of land it bought in the country.

Fort Lauderdale, Fla. -- SRS Real Estate Partners announced that Greg Roth has returned to the company, serving as senior VP and market leader in South Florida.

A veteran of Staubach Retail Services (now SRS), Roth also served as director of retail investments for Archon Group and, most recently, was managing principal of LDR Realty Partners.

The PFresh initiative at Target, which results in the addition of fresh food and an expanded offering of consumables, arrived in more Target discount stores last month, further elevating the competitiveness with Walmart supercenters.

Boulder, Col. -- Sunflowers Farmer Market plans to open its first location in California on May 11, in Roseville, which is in the northern half of the state.

Sunflower operates 33 stores in Colorado, Arizona, New Mexico, Nevada, Utah and Texas.
 

Bethesda, Md. -- Retail real estate alliance X Team International said it has named a new partner, Bethesda, Md.-based Streetsense.

Beyond traditional landlord and tenant representation, Streetsense offers architecture, interior design, branding, marketing and merchandising strategies to entrepreneurs, retailers, developers and public sector entities. 

Matthews, N.C. -- Family Dollar Stores reported Wednesday that net income for the quarter ended Feb. 26 rose 10% to $123.2 million, compared with $112.2 million a year earlier. Results were helped in part by improved traffic and higher transaction value.

Revenue increased 8% to $2.26 billion, from $2.09 billion. Same-store sales rose 5.1%.

Earlier in March, Family Dollar turned down an approximately $7 billion buyout offer from minority shareholder Nelson Peltz's Trian Fund.

Chevy Chase, Md. -- JBG Rosenfeld Retail said it recently inked a long-term lease on behalf of kitchen and bath tile manufacturer and distributor Porcelanosa for a 12,500-sq.-ft. storefront formerly occupied by Anthropologie.

The building, located at 11500 Rockville Pike, sits next to JBGR’s new North Bethesda Market development.

Porcelanosa currently occupies an 8,000-sq.-ft. showroom in the 700 block of Rockville Pike in the Marlo building.