Real Estate

Spartanburg, S.C. -- Denny's Corp. said Wednesday that it has opened its first restaurant in the Dominican Republic as part of a development agreement with Grupo Nahas, which owns and operates the Intercontinental Hotel and Holiday Inn, among others, in Santo Domingo. 

Located in the Food Court of the Las Americas International Airport in Santo Domingo, the new restaurant represents Denny's first airport location worldwide.

New York -- New York City-based RCS Real Estate Advisors said Tuesday it has been retained by bridal retailer David’s Bridal to facilitate lease renewals on behalf of the retailer.

RCS said it has expanded its previous engagement with David’s Bridal to provide lease renewal services for over one-third of the retailer’s more than 300 U.S. David’s Bridal store locations.
 

New York -- Ritz Camera & Image has filed for Chapter 11 bankruptcy protection. As part of its restructuring, the company, which has 265 stores in 34 states, plans to close 128 locations and cut its staff of 2,000 in half.

This is the second time Ritz has sought protection under the bankruptcy laws, having emerged from Chapter 11 two years ago.

SECAUCUS, N.J. — The Children's Place Retail Stores is expanding its presence in the Middle East with franchise agreements to open stores in the Arab Gulf States of United Arab Emirates, Kuwait, Qatar, Bahrain and Oman as well as Saudi Arabia. The first stores are scheduled to open in the UAE in September 2012 in Dubai and Sharjah. The first two stores in Saudi Arabia are scheduled to open during the second quarter of 2012.

Seattle -- Nordstrom said it will open a Nordstrom Rack at The Fountains at Farah, a new power and lifestyle shopping center in El Paso, Texas. The store will be approximately 35,000-sq. ft. and is scheduled to open in the fall 2013.

The Fountains at Farah, with over 600,000 sq. ft. of retail and restaurant space, is being developed and managed by Centergy Retail LLC, Dallas.

Secaucus, N.J. -- The Children’s Place announced that it has signed a 10-year franchise agreement with Apparel Group to open stores in the Arab Gulf States of United Arab Emirates, Kuwait, Qatar, Bahrain and Oman. The first stores are scheduled to open in the UAE in September in Dubai and Sharjah.

Dallas -- 7-Eleven announced that it has completed a transaction to acquire 18 Open Pantry convenience store locations in Wisconsin, primarily in the greater Milwaukee and Madison markets. Terms of the deal were not disclosed.

Jacksonville, Fla. -- Regency Centers announced it will construction of Grand Ridge Plaza, a 280,113-sq.-ft. shopping center, anchored by market-dominant grocer Safeway, on 24.58 acres.

Located in the heart of Issaquah Highlands, a master-planned community east of downtown Seattle, Grand Ridge Plaza will be the only major retail center to serve the community and is projected to draw shoppers from around the region.  

Santa Fe, N.M. -- Fort Worth, Texas-based Trademark Property Co. said that Sports Authority will open a new store at Santa Fe Place mall in Santa Fe, N.M.

The 40,000-sq.-ft. store will open in a vacated Mervyn’s anchor space at the center. Construction is slated to launch in October with opening planned for spring 2013. It will be the second Sports Authority in New Mexico; the other store is located in Albuquerque.

New Rochelle, N.Y. -- X Team partner Welco Realty said that Fairway Supermarket has opened a new store at Plaza 46 shopping center, in Woodland Park, N.J.

The 63,000-sq.-ft. store is the chain’s 10th store, all located in the northeastern United States.