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Development/Redevelopment

  • Opus completes third Gander Mountain project

    Minneapolis -- The Opus Group has completed construction of a 42,300-sq.-ft. store for outdoor retailer Gander Mountain in Tuscaloosa, Ala.

    Opus also constructed the Gander Mountain store in Valdosta, Ga., and provided construction management services for the store in Opelika, Ala. In addition, the retailer has awarded Opus a contract for a 45,600-sq.-ft. store in Albany, Ga.

     

  • Rona closes 11 stores as part of restructuring

    Boucherville, Quebec - Canadian home improvement retailer Rona Inc. is closing 11 non-profitable stores as part of a broader restructuring plan. Rona will also reduce administrative, marketing, merchandising and distribution expenses and eliminate 125 administrative jobs. In February 2013, Rona cut 200 jobs.

    Rona rejected an unsolicited $1.72 billion USD buyout offer from Lowe’s in August 2012.

     

  • New North Carolina Sam’s Club celebrates grand opening

    Easley, N.C. -- The new 138,000-sq.-ft. Sam’s Club in Easley Town Center Easley, N.C., celebrated its grand opening on June 27. Mayor Bagwell and Chamber of Commerce president Cindy Hopkins attended.

    As part of the continuing celebration, University of South Carolina running back George Rogers will sign autographs on June 29.

     

  • Baskin-Robbins goes international

    Canton, Mass. -- Baskin Robbins has announced plans to develop locations in major metropolitan areas across South Africa and Germany.

    The company is seeking qualified, multi-unit franchisee candidates to develop the brand with an initial focus in South Africa in the south, north and east regions. In Germany, the company will focus initially on Berlin and Munich followed by Hamburg, Frankfurt and Stuttgart.

     

  • Lam Group chooses broker for NYC NoMad retail

    New York -- The Lam Group has chosen Newmark Grubb Knight Frank (NGKF) Retail and Hospitality Services to lease the 100,000-sq.-ft. retail portion of a mixed-use project in the NoMad neighborhood of New York City.

    The 400,000-sq.-ft. project includes two 300-room hotels with meeting spaces, wellness facilities, multiple food and beverage outlets and retail space.

     

  • Cycle Gear opens second store in Chicago area

    Benicia, Calif. -- Cycle Gear Inc. opened its second Illinois store in Tinley Park, a suburb just south of Chicago.

    The motorcycle apparel and accessories chain operates about 100 stores nationwide.

     

  • Vienna Shopping Center signs two new retailers

    Vienna, Va. -- Mike’s Flooring and Elements Therapeutic Massage have signed leases at Vienna Shopping Center in Vienna, Va.

    Now open for business, Mike’s Flooring has leased 1,900 sq. ft. GSC Real Estate represented Mike’s Flooring. Represented by Next Realty Mid-Atlantic, Elements Therapeutic Massage has leased 1,900 sq. ft. and will open later this summer. The Rappaport Companies represented the landlord in both transactions.

     

  • Walgreen’s plans store on Johns Hopkins campus

    Deerfield, Ill. – Walgreen’s is planning to build a new store on the East Baltimore medical campus of Johns Hopkins University. The store will be developed according to the Walgreens Web Experience format and offer the retailer’s first in-store Take Care health clinic in the state of Maryland. Walgreen’s and Johns Hopkins announced a collaboration in May 2011.

  • Q&A With a Hall of Famer

    John Crossman talks about his induction into the FSU Business Hall of Fame

    In April, John Crossman, president of Orlando, Fla.-based real estate firm Crossman & Co., became the youngest inductee into the Florida State University College of Business Hall of Fame.

    Established in 2003, FSU's College of Business Hall of Fame honors graduates who have excelled in their careers, earned significant recognition for professional achievements and community service, and made significant contributions to the mission of the College of Business.

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