Development/Redevelopment

Atlanta -- SRS Real Estate Partners said that Scottsdale, Ariz.-based Pei Wei Asian Diner has selected SRS to find its debut location in the state of Georgia.

Pei Wei was launched in July 2000 as a growth vehicle for P.F. Chang’s China Bistro. Currently, Pei Wei operates more than 165 company-owned stores in 20 states.
 

New York City -- Forest City Ratner Cos., a subsidiary of Cleveland-based Forest City Enterprises, announced Thursday that Dick's Sporting Goods, Orvis and REI, along with three national restaurant chains making their New York debuts, have join the growing tenant line-up at Westchester's Ridge Hill.

New York City -- The NBA Store on Fifth Avenue in Manhattan will close in late February, due to rising rent. The company said it is looking for a new location in the city.

Nampa, Idaho -- Beachwood, Ohio-based Developers Diversified Realty Corp. said Thursday it has completed construction of the 52,000-sq.-ft. Edwards Nampa Gateway Stadium 12 Theater, now open at the Nampa Gateway Center, a 921,200-sq.-ft. shopping center in Nampa, Idaho.

Birmingham, Ala. -- Hibbett Sports said Friday its third-quarter profit jumped 43% as it posted another quarter of double-digit growth in same-store sales revenue. It also boosted its forecast for the year.

The company reported net income of $12.6 million in the three months that ended Oct. 30, up from $8.8 million a year ago.

Revenue rose nearly 15% to $167.4 million, from $145.9 million a year ago. Same-store sales rose 12.5%.

New York City -- Microsoft on Thursday opened a store in Bellevue, Wash., close to its headquarters in Redmond.

It is the company’s seventh store to date, but more expected, according to the Wall Street Journal. The company expects a “pretty aggressive roll-out schedule” of new stores next year, the report said.

Chesapeake, Va. -- Dollar Tree said Thursday that net income for the quarter ended Oct. 30 rose 37% to $93.2 million, from $68.2 million in the year-ago period.

Consolidated net sales for the third quarter were $1.43 billion, a 14.2% increase from $1.25 billion a year earlier. Same-store sales increased 8.7%.

During the third quarter, Dollar Tree opened 86 stores, expanded or relocated 27 stores, and closed two stores. The company currently operates 4,009 stores in 48 states.

Bentonville, Ark. -- Wal-Mart Stores said Thursday it will open its first four stores in Washington, D.C., as part of the retailer’s effort to increase its urban expansion stride.

Wal-Mart said it plans to open the smaller-format urban stores in Washington, D.C. in late 2012, and said it has met little resistance from the area. The retailer said its poll of 800 locals found nearly three-quarters of Washingtonians favored Wal-Mart coming to the city.