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Development/Redevelopment

  • Victoria’s Secret, Bath & Body Works to join Miami’s Brickell City

    The retail tenant roster is filling out at the retail portion of Brickell City Centre, the billion-dollar residential and mixed-use project near completion in Miami. Signing on this week were Bath & Body Works, Pinko, Stitched, Suit Supply, and Victoria’s Secret.  

  • Kimco asset transactions topped $1 billion in Q2

    Sales and purchases of shopping center assets at Kimco Realty Corp during the second quarter of 2016 exceeded $1 billion dollars, according to details released by the company.   The Hyde Park, New York-based Kimco sold 22 Canadian shopping centers totaling 28 million sq. ft. for $474.4 million, which included the assignment of $213.5 million of existing mortgage debt. It also disposed of 12 unencumbered U.S. properties totaling 1.5 million sq. ft. for $220.5 million.  

  • Management shakeup at DDR; August is named CEO

    DDR fired president and CEO David Oakes and replaced him with 40-year industry veteran Thomas August. A company press release says Oakes’ termination was unrelated to financial or operating results, though DDR showed a net loss of $93.5 million in 2015 after posting income of $91.3 million the previous year.  

  • Off-price retailer continues to expand

    Nordstrom remains in expansion mode with its Nordstrom Rack division.   A 26,000-sq. ft. Nordstrom Rack is scheduled to open in spring 2017, at CityPlace, a 100-acre, master-planned development in Woodbury, Minn.   The property is owned and managed by Elion Partners, a Florida-based real estate investment firm.     

  • Tommy Bahama, Disney Springs, Lake Buena Vista, Florida

  • Now Showing: Stores in classic L.A. movie palaces

    Los Angeles’s Broadway Theater District was the first such entertainment strip to be listed on the National Register of Historic Places. Is the famed alley of theater palaces now poised to make retail history?  

  • Walmart opens new perishables facility

    Walmart grocery shoppers in North Carolina and Virginia may notice an improved assortment.   The discount giant is opening a 450,000-sq.-ft. distribution center in Mebane, North Carolina, on Wednesday, July 13. The facility, which cost nearly $100 million, will be dedicated to distributing perishables to stores in North Carolina and Virginia.  

  • Brookfield finalizes Rouse acquisition

    Brookfield Asset Management announced the completion of its deal to acquire Rouse Properties at a price of $18.25 per share.   Rouse will be merged with Brookfield’s BSREP II Retailing Pool LLC affiliate and the acquired company’s stock will be delisted from the New York Stock Exchange.  

  • 24 new Ross Stores set to open on July 16

    With nearly 1,300 locations spread across 34 states, Ross Dress for Less makes the claim that it is the nation’s largest off-price apparel and home fashion chain. With a mass grand opening of 24 more stores set for July, the chain clearly intends to hold on to that distinction.   New Ross locations will spring up in 14 states, with Wisconsin hosting four of them -- in Brown River, Onalaska, Racine, and West Green Bay.   

  • Walgreens cuts store closure estimate

    Walgreens Boots Alliance may not have to shutter as many stores in the wake of its planned merger with Rite Aid as it once thought.   
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