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Development/Redevelopment

  • Shopko Stores to merge with Pamida

    Green Bay, Wis. -- Shopko Stores Operating Co. said Wednesday that Shopko and Pamida will merge to create one of the largest U.S. retailers focused on serving smaller and rural communities. The combined entity will have nearly 350 locations in 22 states and plans to accelerate new store growth in the second half of 2012 and beyond. Financial details of the merger, expected to close in mid-February, were not disclosed.

  • Dollar General has big plans for 2012

    GOODLETTSVILLE, Tenn. — Dollar General was among the discount stores that benefited from a more cautious consumer spending in 2011, and the retailer expects that momentum to continue in 2012. The company announced that it plans to open 625 new stores and add more than 6,000 new jobs in 2012. These new stores and jobs will be spread among Dollar General’s 38-state operating area, plus California and Massachusetts.

  • Nordstrom Rack to open in Huntington Beach, Calif.

    Seattle -- Nordstrom announced plans to open a Nordstrom Rack in Huntington Beach, Calif.

    The approximately 34,000-sq.-ft. location is scheduled to open during fall 2012 at Edinger Plaza, where it will join anchor tenants Dick's Sporting Goods, Michaels and PetSmart. The center is owned and managed by Watt Companies with Wilson Commercial Real Estate handling leasing.

    When it opens, the Edinger Plaza store will be the fifth Nordstrom Rack in Orange County. Nordstrom also operates six full-line stores in the area.

  • Crystals at CityCenter honored with sustainable design awards

    Las Vegas -- Crystals Retail & Entertainment District at CityCenter has earned Gold sustainable design awards from the International Council of Shopping Centers. The awards were earned in ICSC's annual U.S. Design and Development Awards competition.

  • Callison acquires Barteluce Architects & Associates

    Seattle -- Global architecture and design firm Callison has acquired New York-based Barteluce Architects & Associates.

    The move expands Callison’s  luxury retail client base and strengthens its delivery capabilities, expanding its New York team to about 75 architects.

  • Sears releases partial list of store closings; Florida hit hardest

    New York City -- Sears Holdings Corp. has identified 79 of the 100 to 120 Sears and Kmart stores it said last week it would close, with the preliminary list split almost evenly between the two chains.

    Florida will be hit the hardest, with 11 stores to be shuttered, the Associated Press reported. Ohio, Michigan and Georgia are not far behind with six store closures planned in their states. Tennessee, North Carolina and Minnesota are set to lose four stores each.

  • Grubb & Ellis: Continued sluggish real estate recovery in 2012

    Santa Ana, Calif. -- The struggling housing market, weak job growth and ongoing consumer deleveraging caused the retail market to lag other property sectors in 2011, according to Grubb & Ellis Co.’s 2012 National Real Estate Forecast, which predicts a year of slow but continued growth for all commercial real estate property sectors.

  • Marshalls to open at Lompoc Shopping Center

    Lompoc, Calif. -- Brixmor Property Group announced a 24,050-sq.-ft. lease has been executed with Marshalls at Lompoc Shopping Center, located in Lompoc, Calif. 

    Marshalls will join other national retailers including Vons, Michael’s, Pier 1, Petco and Staples. 

    Brixmor, based in New York City, is the owner of Lompoc Shopping Center.

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