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Development/Redevelopment

  • Pine Tree hires VP design and construction

    Northbrook, Ill. Pine Tree Commercial Realty has announced the appointment of Julie Zamudio as VP of design and construction. Zamudio most recently served as lead manager of the multi-site group banking and retail sectors in the Chicago office of Lend Lease Construction Inc.

  • Jones Lang LaSalle closes sale of Houston Center

    Houston — Jones Lang LaSalle’s Capital Markets group has closed the sale of Montgomery Plaza on behalf of Weingarten Realty Investors. American National Insurance Company purchased the 304,867-sq.-ft. shopping center, located in Conroe, Texas.

    Montgomery Plaza retailers include Academy Sports & Outdoors, Big Lots, Conn’s Appliances, 99 Cents Only and Petco. In addition to the inline space, there are two multi-tenant pads and two single-tenant pads.

  • Stater Bros. VP of real estate has passed away

    Stater Bros. has announced that VP of real estate Mike Slaton passed away suddenly on Saturday, Sept. 28. He was 51 years old.

    As a tribute to Slaton, the 44,000-sq.-ft. Stater Bros. supermarket that opened recently in Redlands, Calif., will be dedicated in his honor.  
     

  • March of Dimes to honor NRDC

    Purchase, N.Y. — The March of Dimes Greater N.Y. Chapter and the Real Estate Award Breakfast Committee have named National Realty & Development Corp. as the 2013 Real Estate Award recipient.

    This year marks the 26th annual Real Estate Award Breakfast and the 75th aAnniversary of the March of Dimes. The breakfast will be held November 14 at the Renaissance Westchester Hotel in White Plains.

  • Two new Sam’s Club locations open

    New York — Sam’s Club will open two new clubs on Oct. 3. One is located in Romeoville, Ill. Romeoville Mayor John Noak, Chicago Bears cornerback Tim Jennings and former Bears tight end Desmond Clark, will attend the grand opening.

    The second new Sam’s Club is located in Edmond, Okla. Edmond Mayor Charles Lamb, Oklahoma quarterback Jason White and former Sooner running back Billy Sims will attend the grand opening.

     

  • 99 Cents Only to open Arizona store

    City of Commerce, Calif. – 99 Cents Only Stores is opening its first store in Maricopa, Ariz., on Oct. 10. The new store is approximately 11,615 sq. ft. and will feature a perishable food department, including produce, dairy and frozen foods.

    99 Cents Only currently operates 331 retail stores consisting of 238 stores in California, 44 in Texas, 32 in Arizona, and 17 in Nevada.
     

  • Dunkin’ Donuts plans three stores in northern Colorado

    Canton, Mass. – Dunkin’ Donuts plans to develop three new restaurants throughout northern Colorado, in the surrounding areas of Fort Collins, Loveland, Greeley, Windsor, and Estes Park. The first restaurant is expected to open in 2015 and the remainder by 2017.

    New franchisees Doug Patterson and Cameron Stapleton signed a multi-unit development agreement. Stapleton will manage and oversee the company's daily operations for each restaurant. Franchise opportunities in the state are still available in Colorado Springs.

  • Report: Urban Outfitters to build lifestyle village concept in Philly suburb

    New York -- Urban Outfitters has purchased 6.5 acres in the Philadelphia suburb of Devon, Pa., on which is plans to build a lifestyle shopping village concept, according to Racked Philly.

    The report said that the retailer plans to build a Terrain garden center, an Anthropologie, a boutique hotel, two restaurants, and a specialty foods market, along with such other  possibilities as a health/spa facility.

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