Development/Redevelopment

Glendale, Ariz. -- Brixmor Property Group announced that Glendale Galleria, located in Glendale, Arizona, will undergo a comprehensive renovation and will add anchor tenant LA Fitness, a 36,894-sq.-ft. new prototype facility.  

“With the addition of LA Fitness and plans for a newly renovated center, we will be delivering a substantially improved shopping environment for our customers and retailers at Glendale Galleria,” said Matt Berger, senior VP of leasing for Brixmor Property Group.

Nothing will have a greater impact on the value of your shopping center than how you approach an anchor tenant lease expiration.

Oak Brook, Ill. -- Inland Real Estate Acquisitions, Inc. announced the acquisition of three properties, located in Florida, California and Colorado, purchased in August on behalf of an Inland affiliate. The acquisitions collectively total more than $104 million for approximately 607,000 sq. ft. of commercial real estate.

Salt Lake City -- Robert Redford’s Sundance Catalog is growing from its Western roots as it expands its retail footprint.

The company will open a store in Edina, Minnesota, on Thursday, Sept. 17. The opening is one of two locations Sundance will open east of the Rocky Mountains in 2015 as it grows from lits Western home base. The company plans to continue its retail growth over the next several years with additional stores targeted across various locations nationwide.

Nike has opened a soaring, one-of-kind flagship to spotlight some of its most innovative merchandise.

The three-level 31,000-sq.-ft. store, at The Grove in Los Angeles, is one of the largest in the company’s portfolio. It features a number of elements designed to celebrate the City of Angles and to serve athletes, starting with a huge “We are LA” mural that spans all three floors and is made up of thousands of icons reflecting Nike’s heritage, local sports teams and California-centric imagery.

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At a time when the growing influence of millennials and the ongoing development, redevelopment and revitalization of urban communities continue to shape the commercial development landscape, the changes taking place in the hotel and multi-family sectors reflect many of those same demographic and development trends.

The company, the PGA Tour’s exclusive off-course/off-airport retail partner, has built a business dedicated to providing golf enthusiasts of all levels access to the same technology and expertise that card-carrying Tour pros enjoy. Stores are staffed with teaching professionals and have multiple state-of-the-art swing simulators, practice hitting bays, and large putting greens. There is also an in-house club-making and repair facility.   

The long-delayed, controversial American Dream retail-entertainment destination in the Meadowlands in East Rutherford, New Jersey, has snared three high-profile tenants.  

Bentonville, Ark. – Five Walmart stores in central Florida are reportedly getting ready to serve the needs of hungry customers.

Indianapolis – Retail real estate firm Simon has announced the location for its Tulsa Premium Outlets.

The project will be built in the city of Jenks, Oklahoma. The first phase of the development will be approximately 325,000 sq. ft. and feature 80 to 90 stores. Construction in Jenks is scheduled to start in spring 2016 with an opening in summer 2017.