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Real Estate

  • Williams-Sonoma Q2 tops Street; expanding global footprint

    San Francisco -- Williams-Sonoma on Wednesday reported better-than-expected second-quarter profit amid same-strong sales. The retailer raised its full-year forecast, but its profit outlook still fell short of market expectations.

    The company also announced that it will expand its international presence, adding more stores in Australia and entering the United Kingdom later this year, and debuting in the Philippines in 2014.

  • Mid-America brokers sale of St. Louis center

    St. Louis — Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of the 112,300-sq.-ft. South Oaks Plaza located in St. Louis for $9.5 million to Phillips Edison-ARC Shopping Center REIT Inc. Shop’n Save, Walgreens and Michaels anchor the center.

    Mid-America

    and Pace Properties represented the seller, a private St. Louis based investment group.

     

  • Bayer reaches for a new Summit — Lexington

    Bayer Properties has announced that it will develop a third member of its signature Summit property brand: The Summit Lexington, a mixed-use shopping destination located in the Lexington, Kentucky’s retail hub. An outdoor fashion center, The Summit Lexington will offer specialty retail, restaurants and residences.

  • H&M to open its largest store to date, in New York’s Herald Square

    New York -- Swedish fast-fashion giant H&M will open its largest location to date, a 63,000-sq.-ft. flagship in New York City’s bustling Herald Square. Scheduled to open in fall 2014, the four-level store will be located in Herald Center, a JEMB Realty property. The landlord’s broker is CBRE.
     

  • iPic Entertainment announces Delray Beach project

    New York -- iPic-Gold Class Entertainment has announced that it will develop a mixed-use entertainment, office and retail project in Delray Beach, Fla.

    Expected to open in 2015, the project includes a 529-seat eight-screen theater. iPic said the project would create more than 400 jobs and attract more than 400,000 visitors annually to downtown Delray Beach. The company currently operates nine theaters with 67 screens in Arizona, California, Florida, Illinois, Texas, Washington and Wisconsin.

     

  • R.J. Brunelli announces three new clients

    Old Bridge, N.J. — R.J. Brunelli & Co. has announced that it has been retained as exclusive real estate broker in several New Jersey counties for three fast casual chains: BurgerFi, Corner Bakery Café and Tommy’s Coal Fired Pizza. All three restaurants are seeking end-cap or freestanding pad locations with outdoor seating in lifestyle centers, power centers and other high-traffic locations, in areas offering high daytime and residential populations.

  • The Sky’s the Limit for Nordstrom

    The New York press has been all abuzz over the latest news about Nordstrom’s new Manhattan digs – that the West 57th Street space is officially Nordstrom’s.    

  • Project Profiles

    WOODBURY TOWN CENTER

    Location: Irvine, Calif. (SR 133 —the Laguna Freeway and the I-5 Santa AnaFreeway)

    Size: 462,000 sq. ft.

    Developer: Irvine Co. Retail Properties

    Grocery anchors: Ralphs Fresh Fare, Trader Joe's

    Key tenants: Home Depot, LA Fitness, Walgreens, Staples

    Status: Open and operating since 2007

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