Development/Redevelopment

Discount grocer Aldi will make its long-awaited California debut on March 24, with the opening of eight Southland stores. But that’s just the beginning of the company’s expansion plans for the market.

In all, Aldi plans to open approximately 45 stores in Southern California by the end of 2016. The opening of Aldi in California is part of the company's five-year strategic plan to open 650 new stores across the nation. By the end of 2018, the grocer expects to operate nearly 2,000 stores.

Rudolph E. Milian, former senior staff VP of the International Council of Shopping Centers and a leading retail real estate development executive, has launched Woodcliff Realty Advisors LLC, a full-service management consultancy that brings together an elite group of retail and real estate professionals and experts to serve shopping center companies, retailers, commercial real estate organizations, communities and investors worldwide.

Dillard’s says sales were particularly weak in the Southern states as the department store retailer reported a 35.6% drop in fourth quarter profit.

For the period ended Jan. 30, Dillard's had revenue of $2.07 billion for the fourth quarter, down from $2.1 billion during the same period a year ago. Net income was $130.5 million, or $3.17 per share, for the prior year fourth quarter. Same-store sales declined 2%. Net sales for the fourth quarter were $2.074 billion.

A home improvement start-up with a green conscience and niche positioning is finally ready to expand out of its Austin, Texas, hometown.

TreeHouse will serve as the anchor tenant at The Hill, a new North Dallas shopping center being revived, refreshed, and repositioned by Dallas developer, Cypress Equities. The store, which will be designed by Lake|Flato Architects, is slated to open in early 2017. It will be the retailer’s second location, but perhaps not for long.

Closter, N.J. -- EDENS announced that Closter Plaza, located in Closter, New Jersey, will have a new lineup of stores that cater to foodies, fashionistas and families this spring. The openings will coincide with the center's long-anticipated revitalization by leading retail developer.

Cold weather in January helped Macy’s report a decline in same-store sales for the fourth quarter that was less than analysts had expected. In other news, the chain announced plans to expand its off-price and specialty beauty formats.

For the period ended Jan. 30, Macy's net income fell 31% to $543 million, dragged down by store closings and other costs.

Adjusted profits were $2.09 per share, better than the $1.86 per share estimate from analysts, according to Zacks Investment Research,

South Korean electronics giant Samsung on Monday opened what it calls a “consumer technology playground” in the trendy Meatpacking District of Manhattan.

Named for its address, 837 Washington Street, the 55,000-sq.-ft. Samsung 837 is packed with eye-popping features, from a three-story array of televisions made up of 96 Samsung 55-inch TVs to a truly futuristic, fully-immersive virtual reality experience. There is also a café, art gallery and theater.

Dublin, Ohio -- Crawford Hoying announced that they have completed two leases totaling 18,900 sq. ft. of retail space in its Bridge Park development for The RAM Restaurant & Brewery (The RAM) and Mesh Fitness.