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Development/Redevelopment

  • New Premium Outlets Montreal Center opens Oct. 30

    Montreal, Canada – Retail real estate firm Simon, private Canadian developer SmartCentres and Calloway REIT are celebrating the opening of Premium Outlets Montreal Thursday, Oct. 30. Featuring designer and lifestyle brands, the new centre has more than 80 outlet stores offering savings of 25 to 65% every day.    Many of these new outlet stores are unique to the Montreal metro area, including Michael Kors, Max Mara, The Hudson Bay Outlet, Desigual, Vans and many more.

  • RKF arranges 9,100-sq.-ft. True Religion lease in NYC

    New York –- Independent real estate firm RKF has arranged a 9,100-sq.-ft. lease for True Religion, a retailer of denim and denim-related sportswear, in the SoHo neighborhood of New York. Acting on behalf of the landlord, 513 Broadway LLC, RKF executive VP Ariel Schuster negotiated the transaction, offering 2,900 sq. ft. on the ground floor, plus two levels below totaling 6,200 sq. ft.   

  • PizzaRev plans 40-plus franchise stores in five new markets

    Los Angeles -- PizzaRev, a fast-casual build-your-own pizza concept, is adding five franchise groups to develop the brand throughout Denver, Washington D.C., Las Vegas, Long Island, New York and Columbus, Ohio. PizzaRev plans to open at least 40 franchise locations across the markets.   Beyond its 12 corporate locations in greater Los Angeles, PizzaRev currently operates franchise locations across four states.  

  • Stiles Realty hires industry vet as senior associate

    Fort Lauderdale, Fla. -- Nicole Messer has joined the retail group of Stiles Realty as senior retail associate. In this role, Messer will focus primarily on developing third-party retail leasing and investment sales business in the Palm Beach, Fort Lauderdale and Miami markets.  

  • Blink Fitness to open N.J. store at Clifton Plaza

    Clifton, N.J. -- Blink Fitness is set to open its newest New Jersey location at Clifton Plaza in Clifton. The fitness chain will occupy 15,000-sq.-ft. of newly constructed retail space at the 80,000-sq.-ft. shopping center, which is managed and leased by Levin Management. Levin Management negotiated the long-term lease.   

  • Havertys net income dips in Q3, plans 5 new stores

    Atlanta -– Net income at Havertys dropped 17% to $7.82 million in the third quarter of fiscal 2014 from $9.49 million in the same period the previous fiscal year, with higher selling, general and administrative (SG&A) expenses dampening profits. Havertys plans to open one new store in the fourth quarter of fiscal 2014 and four in new stores in the first half of 2015, three in new markets.   Net sales climbed 3% to $198.5 million from $192.72 million. Same-store sales rose 1.9%.

  • Build-A-Bear opens NYC holiday pop-up

    St. Louis -- Build-A-Bear Workshop is opening a new store location in the Brill Building in Times Square in New York City on Tuesday, Oct. 28. This seasonal pop-up shop offers an assortment of proprietary products, licensed properties and New York City-themed merchandise.   

  • Brixmor upgrades shopping center portfolio

    New York -- Brixmor Property Group Inc. has provided an update on its ongoing program to maximize value in its shopping center portfolio. These initiatives involve upgrading its centers' merchandise mix with strong, best-in-class anchors to drive higher sales, traffic and small shop leasing, while elevating center appeal to improve rent levels and shopping center net operating income.   

  • Macy’s and Bloomingdale's stores to open in Abu Dhabi in 2018

    Cincinnati -- Macy’s and Bloomingdale’s stores plan to open in Abu Dhabi, United Arab Emirates (UAE) in 2018 as part of a strategic partnership with Al Tayer Group LLC, a UAE-based company with diversified businesses. This will be Macy’s first international store location and the second for Bloomingdale’s.   

  • Tile Shop Q3 net income drops, COO to become CEO

    Minneapolis –- An increase in selling, general & administrative (SG&A) expenses helped reduce net income at Tile Shop Holdings Inc. to $1.5 million, down 63% from $4.05 million in the same quarter the prior fiscal year. In addition, founder and CEO Robert Rucker will retire as CEO effective Jan. 1, 2015 and be replaced by current COO Chris Homeister, who will join the board of directors early in 2015.  
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