Development/Redevelopment

Casual apparel brand U.S. Polo Assn. has opened its first location in Brooklyn, in the vicinity of the Barclays Arena.

Designed by Montroy Andersen DeMarco (MADGI), New York, the 2,800-sq.-ft. space has a clean, modern feel and includes  the brand’s signature ‘flag wall’ fashioned out of folded T-shirts,  a jeans island and a T-shirt island, and a 12-ft.-long cash wrap counter

Dallas -- UCR Dallas has named Dan Shoevlin, a five-year veteran of the firm, as partner.

Shoevlin handles such high-profile assignments as Highlands at Flower Mound in Texas, Danada Square West in Illinois, Collin Creek Shopping Center, Addison Walk, Twin Creeks Village, Woodland Plaza in Tulsa and Museum Place in Fort Worth.

As partner, Shoevlin is charged with further growing the brokerage platform to meet the demand for institutional-quality leasing/management service in the Dallas/Fort Worth market and in other cities.

Seattle - Starbucks Coffee Company will launch two new store formats in fiscal 2015, include a smaller-format concept aimed at urban commuters and a more premium store concept — Starbucks Reserve Roastery and Tasting Room — dedicated to the chain’s highbrow Reserve brand of coffees.

Starbucks will launch two new store formats in fiscal 2015, include a smaller-format concept aimed at urban commuters and a more premium store concept — Starbucks Reserve Roastery and Tasting Room — dedicated to the chain’s highbrow Reserve brand of coffees.

By Sanford Stein, founder, Stein LLC

With the point-of-sale tucked away in one’s backpack, pocket or purse, how does the store-based retailer expect to survive in an e-everything world? And what is to become of the malls, the meccas of economic indulgence that were driven by the shop-till-you-drop dynamic we thought would last forever? We are currently in a period of just such a change wave, driven by a dramatic demographic shift, corporate downsizing, economic stagnation, and rising costs.

San Diego -- Marcus & Millichap announced the appointment of Rick Puttkammer to the position of regional director of its National Retail Group. Puttkammer is based in the firm’s San Diego office and his appointment is part of the firm’s strategy to enhance its brokerage support and client services.

Prior to joining Marcus & Millichap, Puttkammer was senior VP at Colliers International in San Diego, where he focused on institutional investment sales in the Western United States.  

Redlands, Calif. -- Majestic Realty Retail announced today that it has signed lease agreements with four new retailers at its Mountain Grove at Citrus Plaza retail and entertainment center, including agreements with The Gap (7,500 sq. ft.), Banana Republic (7,500 sq. ft.), Old Navy (15,000 sq. ft.) and Ulta (10,000 sq. ft.).  An additional 100,000 sq. ft. of national and regional tenant leases are under negotiation and expected to be signed in September.