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Real Estate

  • JLL appoints new head of Midwest Retail

    Chicago — Jones Lang LaSalle recently appointed senior VP Larry Kilduff, a 25-year industry veteran, as head of the firm’s Midwest Retail platform, which is based in Chicago. Prior to JLL, Kilduff owned and operated two retail real estate development companies and worked with leading retailers including Wal-Mart, Target, Kmart, Sears, Bon-Ton, Kohl’s and J.C. Penney.

  • Winick signs Bareburger into Columbus Square

    New York — Organic burger restaurant Bareburger has signed a lease for 1,875 sq. ft. at 795 Columbus Avenue in New York City. It will be the chain’s first Upper West Side location as well as the first sit-down restaurant to lease space in the Columbus Square development project.

    Winick Realty Group represented Bareburger in the transaction.

     

  • Restoration Hardware reports Q2 net loss on charges; same-store sales surge 26%

    Corte Madera, Calif. -- Restoration Hardware Holdings reported a net loss  of $17.8 million for the second quarter, compared with net income of $17.6 million in the same quarter a year earlier, due to charges linked to stock awards given to chairman and co-CEO Gary Friedman.

    Net revenues for the second quarter of fiscal 2013 increased 30% to $382.1 million from $292.9 million last year.

  • Tesco's to sell Fresh & Easy

    EL SEGUNDO, Calif. — Private investment firm Yucaipa Cos., which was founded by billionaire Ron Burkle, plans to acquire Fresh & Easy Neighborhood Market from U.K.-based Tesco PLC.

    Yucaipa's purchase is slated to be complete within three months. In the meantime, it is expected to be business as usual for most Fresh & Easy stores.

  • Papyrus parent company opens second Niquead.D location

    New York -- Schurman Retail Group, owners of Papyrus North America, announced the opening of the first Niquead.D flagship in New York City. It is the brand’s second location to date, with the first opening in December 2012 in Danville, Calif. A second Manhattan location is scheduled to open later this fall, and will be the first to share an entryway with a full-sized Papyrus store.

  • Transwestern acquires Richards Barry Joyce & Partners

    Houston — Transwestern’s Houston headquarters today announced that it is acquiring Richards Barry Joyce & Partners, a full-service real estate firm based in Boston. It will become Transwestern’s 34th U.S. office.

  • Fresh & Easy acquired by Yucaipa; store closures on tap

    Los Angeles -- Grocery chain Fresh & Easy confirmed reports that its British parent Tesco LLC has sold the brand to private equity firm The Yucaipa Cos., following months of uncertainty about the 200+-unit chain’s future.

    Fresh & Easy posted on its website Tuesday that more than 4,000 jobs would be saved under the purchase agreement but that some stores will be closing.  Specific stores have not been identified, and the terms of the agreement weren’t disclosed.

  • Robert Graham opens first New York City store

    New York— Robert Graham has announced a new lease agreement to open its first New York City store on Bleecker Street this fall. The West Village Bleecker Street fashion corridor houses Burberry, Brunello Cucinelli, Marc Jacobs, rag & bone, and Ralph Lauren.

    Robert Graham currently operates six freestanding stores across the country. They are located in Los Angeles, Houston, Las Vegas, Boca Raton, Fla., Long Island, N.Y., and Short Hills, N.J.

     

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