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Development/Redevelopment

  • Walmart to exit Walmart Express pilot as part of global 269-store closings

    Walmart said it will close 269 stores worldwide this year, including many of its smallest-format stores, in a move that CEO Doug McMillon characterized as being more disciplined about growth. It is one of the largest number of stores closures that Walmart has ever announced at one time.

  • Walmart closing unprecedented number of stores

    Walmart said it will close 269 stores worldwide this year, including many of its smallest stores, in an unprecedented move CEO Doug McMillon characterized as being more disciplined about growth.

  • Gordon Brothers hires director of real estate

    Boston -- Gordon Brothers Group announced the appointment of John Dattilo as director, real estate of the commercial & industrial division, to the Chicago office. Dattilo will oversee the analysis, acquisition and sale of industrial real estate assets.

  • Pei Wei expands presence in Florida

    Winter Garden, Fla. -- The Sembler Company has completed construction on the final outparcel at the 1.15 million sq. ft. Winter Garden Village located in Winter Garden, Florida.

    Pei Wei Asian Diner and Mattress One will occupy the new 7,200-sq. ft. building, marking complete build-out of the development originally started in 2006.

  • Brooklyn development site acquired for $158 million

    Brooklyn, N.Y. -- Forest City Realty Trust announced that it has closed the sale of 625 Fulton Street, a development site in Brooklyn, New York. The Rabsky Group purchased the property for $158 million, of which $100 million was paid at closing with the balance due in 90 days.

  • Northgate González Markets purchases property for store relocation

    Newport Beach, Calif. -- X Team International announced that partner Strategic Retail Advisors negotiated the purchase of a 104,423-sq.-ft. property at La Habra Towne Centre located in La Habra, California, on behalf of Northgate Gonzalez Markets.

    La Habra Town Centre is situated on 9.2 acres and is currently home to CVS, Petco and Jack in the Box. Nelson Wheeler and Blaine Bush of SRA represented Northgate Gonzalez Markets. Jones Lang LaSalle represented the seller.

  • CSA to select 27th annual fastest-growing shopping center companies

    Shopping center companies will receive recognition for 2015 development, acquisition and third-party management activities, as Chain Store Age’s 27th annual “Fastest Growing” awards rank the most active shopping center owners, managers and acquirers for projects, contracts and transactions completed during last year.

    The top placers will be featured in the May 2016 issue of Chain Store Age, which will be bonus-distributed to the International Council of Shopping Centers’ annual RECon event in Las Vegas.

  • Fast-casual chain taps Buxton to help identify new growth opportunities

    Kneaders Bakery & Café has partnered with Buxton to support its growth initiatives as it expands into new markets.

    Buxton will identify franchise territory opportunities for the Utah-based Kneaders based on customer analytics.

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