Tenant Update

Los Angeles -- A report released Tuesday by commercial real estate firm C.B. Richard Ellis said that 59% of U.S. retailers plan to open more stores due to the attractive rental rates available in the current market environment.

Tarrytown, N.Y. -- DLC Management Corp, a national owner and operator of open-air shopping centers, announces Wednesday the launch of a new social media initiative that includes both business-to-business and business-to-consumer social networks.

Madison, Miss. -- Chattanooga, Tenn.-based CBL & Associates Properties has announced the start of construction on Phase II of The Forum at Grandview, a community center in Madison, Miss.

The 83,000-sq.-ft. second phase will include anchors Ulta, Homegoods, Petco and a national arts and crafts retailer, along with 14,000 sq. ft. of specialty stores. The opening of phase II is scheduled for summer 2012.

Miami Beach, Fla. -- Terranova Corp. said that men’s fashion retailer Romo Italian Designers will open a 1,020-sq.-ft. store at the Crossing Shopping Village, in Miami.

The location is a first for the retailer under the Romo Italian Designers banner. The store is slated to open by the end of August. 

The Crossings Shopping Village is anchored by Publix, and tenanted by CVS, Blockbuster Video and Chicken Kitchen.
 

New York City -- A bankruptcy judge gave Books-A-Million the nod Monday to take over the leases of 14 Borders Group stores for just under $1 million.

The stores are located mostly on the East Coast, and Books-A-Million is expected to take over the leases effective Sept. 20.
 

Tuscaloosa, Ala. -- Dallas-based Cypress Equities said that local fashion boutique Soca Clothing will open a new store at Midtown Village, located in Tuscaloosa, Ala.

The new 1,400-sq.-ft. store is slated to open in September.

Midtown Village is a 350,000-sq.-ft. mixed-use community in the heart of Tuscaloosa featuring retail and restaurant space, as well as office suites.
 

Mount Laurel, N.J. -- As part of its exclusive national representation of Lumber Liquidators, Metro Commercial announced that it has brokered seven leases totaling nearly 46,000 sq. ft. 

In Georgia, an 8,468-sq.-ft. store in Kennesaw Landing and a 6,000-sq.-ft. store in Newnan opened in July. A 10,151-sq.-ft. store in West Allis, Wis., recently opened, as did a 5,200-sq.-ft. store at Palmetto Palms Business Park in Miami. A second Florida location opened in St. Petersburg earlier this year.

Dallas -- SRS Real Estate Partners has announced the hiring of Jon Switzer as an associate in the Austin/San Antonio office.

Switzer will specialize in landlord representation, tenant representation, and be a part of the new SRS Urban team.