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Development/Redevelopment

  • PetSmart expands with new concept stores

    PetSmart continues to grow its store portfolio — and is also testing new formats.    The chain opened 20 stores across the U.S. and Canada for the quarter ending October 31, 2016. This adds to the 23 stores it opened in the first and second quarters, bringing the total number for the year to 43 new locations.   

  • Four promoted at Mid-America

    Four senior executive promotions have been announced by Mid-American Real Estate Corporation.   Brian Adams, Greg Bayer, and Willie Hoag have all been named principals at the Oakbrook, Illinois-based company, a real estate services company that also operates in Michigan, Minnesota, and Wisconsin. Peter Scannell has been promoted to senior VP.  

  • Alaska Tale: Center renaissance obsoletes longtime tenant

    When the Northern Lights Center in Anchorage, Alaska, was owned by folksy former governor Wally Hickel, things were good for Title Wave Books. The midtown neighborhood was in decline, rent was cheap, and husband-and-wife owners Julie Drake and Steve Lloyd were able to make a living from their low-margin inventory.  

  • Lidl’s U.S. launch gains momentum

    Lidl has made bold moves this week in preparation of its upcoming United States launch.   The company has acquired the site of an industrial building in Philadelphia’s Port Richmond neighborhood, which could be the chain’s first location in Philadelphia, according to philly.com.   

  • CBRE acquires project management company

    CBRE has acquired Cleveland-based Skye Group, a provider of project management, development, and tenant coordination services.    Skye is led by Bradley Sanders, who founded the firm in 2000. Its client list consists of prominent retail real estate investors including Simon, Howard Hughes, Westfield, LaSalle Investment Management, Vornado Realty Trust, New England Development, Ivanhoe Cambridge and Steiner & Associates, as well as brands such as Barneys New York.  

  • Retail market is hot in this city

    The City of Brotherly Love is having a love affair with retail.    A new report from Philadelphia’s City Center District reveals that 45 national retailers have helped fuel a $1 billion investment in city real estate during the last five years.  

  • Owners asks for tax to spruce up center

    A mall owner in Springfield, Missouri, has asked the town council to declare the area surrounding his site blighted and charge a tax to go towards improvements to his property.   Curtis Jared told town administrators that sprucing up his Brentwood Shopping Center would create more jobs and tax revenue, according to local radio station KTTS. He wants them to form a community improvement district allowing a one-cent increase in the local sales tax.  

  • Customers can shop, dine and drink at new Barnes & Noble concept

    Barnes & Noble is set to open its third location featuring the bookseller’s new concept, which combines a bookstore with  a full-service restaurant and table service.   The new store,  at the Palladio of Broadstone in Folsom, California, features a 2,600-sq.-ft. Barnes & Noble Kitchen that has seating for 140, reported the Sacramento Bee.  
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