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Development/Redevelopment

  • Mid-America Real Estate handles sale of Buffalo Crossroads Center

    Buffalo, Mo. -- Mid-America Real Estate – Minnesota recently brokered the sale of Buffalo Crossroads Center located along Highway 55 in Buffalo, Minnesota. The property was acquired by a local investment group for $3.8 million.

    Buffalo Crossroads is a 19,753 sq. ft. center anchored by Jimmy John’s and Anytime Fitness.

  • CBRE leads global commercial property investment sales activity

    Los Angeles -- CBRE Group for the fifth consecutive year was the top-ranked firm for commercial real estate investment sales throughout the world during 2015, according to Real Capital Analytics (RCA). CBRE has achieved the number one position in each of the five years that RCA has published global rankings.

    Real Capital Analytics credited CBRE with 21.9% of market share across all property types, office, industrial, retail, apartment and development sites, in 2015 on a global basis.

  • Ikea facilitates expansion in Canada

    Ikea is opening a new distribution center in Ontario as the Swedish home furnishings retailer ramps up plans to double its footprint in Canada over the next 10 years.

    Ikea says its new distribution center in Mississauga, Ontario, allows the company to become even more accessible to customers by allowing for fulfillment of customer orders from four Toronto area stores and e-commerce purchases. This improved logistical set-up will enable shorter lead times for customers to receive their products, while at the same time contributing to Ikea's sustainability goals.

  • Neiman Marcus veteran joins CallisonRTKL

    Design and architecture giant CallisonRTKL named a global leadership team in retail design that includes the appointment of retail veteran Ignaz Gorischek as VP. He is with the firm’s retail practice group, in the Dallas office.

  • Beverly Center to get $500 million renovation that promises more food — and light

    The grand lady of Los Angeles retailing is getting a major facelift.

    Taubman Centers is embarking on a $500 million remodel of Beverly Center this month that promises to transform every aspect of the iconic — and monolithic — eight-story center, which opened in 1982.

  • Ross Dress for Less extends Missouri presence

    Ross Dress for Less opened a new store in O’Fallon, Missouri on March 5.

    The 25,000-sq.-ft. store is located at the O’Fallon Walk Shopping Center, 30 miles west of downtown St. Louis along Interstate 70 between Lake St. Louis and St. Peters, on the southwest corner of Highway K and Feise Road.

    The opening is part of the retailer’s 2016 expansion program, totaling about 70 new locations during the year.

  • Make-your-own pizza chain to make New York debut

    PizzaRev, a fast-casual pizza concept backed by Buffalo Wild Wings, announced its first locations in New York.

    New York is one of five new states that PizzaRev will enter this year, including Massachusetts, Nevada, Ohio, and Tennessee. The company will also make its international debut in Mexico shortly after opening in New York. There are currently more than 150 additional PizzaRev restaurants in various stages of development across the United States and Mexico.

  • Trendspotting: Skyline Signs Tell the Tale (And SPECS Show Wrap-Up)

    This week I’d like to discuss the re-emergence of skyline signs, but first allow me to offer a quick thank you to the entire Chain Store Age and SPECS Show teams for executing a trade show I won’t soon forget.

    Of course, I’m talking about last week’s show at the beautiful Hilton Anatole in Dallas, #SPECS2016.

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