Development/Redevelopment

Los Angeles — The Coffee Bean & Tea Leaf has inked an exclusive deal with developer L.A. Style to expand the coffee and tea retailer into Japan by the end of this year.

L.A. Style is a joint-venture partnership between fast-casual restaurateur Hotland Co. and Japan’s largest shopping mall developer Aeon Mall Co.
The deal ultimately calls for 200 stores across Japan.

Virginia Beach, Virginia — Tupelo Honey Cafe has leased 7,000 sq. ft. at Town Center of Virginia Beach, offering traditional Southern restaurant fare. This second Tupelo Honey Cafe in Virginia will be located at the corner of Constitution Drive and Main Street on the first floor of the newly constructed 4525 Main Street Tower, according to Divaris Real Estate, which leases and manages the center.

Dallas — Venture Commercial, an X Team International partner, has completed a lease to bring a 16,000-sq.-ft. Ace Hardware store to Spring Creek Village, located at 7989 Belt Line Road on the northwest corner of Belt Line and Coit Road in north Dallas. 

Ace Hardware joins other Spring Creek tenants Just Fitness, Polly DuPont, Citi Bank, and Black-Eyed-Pea.

Los Angeles — CBRE Group announced that it has acquired CBRE | Louisville, a commercial real estate services firm that has served as CBRE’s affiliate in metropolitan Louisville, Kentucky and southern Indiana since 1996.

The firm has a staff of 34 and manages more than 10 million sq. ft. in the region.

New York -- Uniqlo will make its Midwest debut in fall 2015, opening a flagship in downtown Chicago in fall 2015. The store, located at 830 North Michigan Avenue, will be Uniqlo’s second largest location in the United States, after its Fifth Avenue flagship in New York.

Mountain View, Calif. – Google Inc. has unveiled its expanded office in Cambridge, Massachusetts. The 300,000-sq.-ft. campus, in the Kendall Square neighborhood, combines space in three buildings previously occupied by Google into one connected campus with a combined 12 floors of office and work space.

The office spreads across one whole building and parts of the other two. It features a public rooftop garden, and a private one for Google employees, along with an employee café offering free meals.

Boca Raton, Fla. – Office Depot has raised its full-year adjusted operating income forecast as cost savings from the closure of some U.S. stores related to its acquisition of OfficeMax are expected to be higher than previously anticipated. As previously announced, Office Depot plans to close at least 400 stores by the end of 2016, with about 165 closures in 2014.

A city with a booming population, one of the nation’s lowest unemployment figures, and an expanding presence on the national and international stage, Houston, Texas is on this rise. Already the fourth largest city in America, Houston has been recognized in recent years as a social and economic powerhouse that deserves to be considered alongside iconic cities like New York and Chicago. Unsurprisingly, Houston’s retail development growth has been a big part of its ascendance.

Plano, Texas -- J. C. Penney Company will open its first-ever store in Brooklyn, further increasing its New York City footprint, on Aug. 29. The all-new 124,000-sq.-ft., single-level store, located in Gateway Center, will provide a look at Penney's updated store model, which includes a new footwear format.  

Mississauga, Canada – Target opens three new stores in Canada Aug. 1 and plans three more new Canadian stores later in the fall. The stores are located at Erin Mills Town Centre in Mississauga, Ontario; Park Place in Barrie, Ontario and Carrefour Candiac in Candiac, Quebec.