Real Estate

Boston -- City Sports announced that it will open its latest retail store this week at 225 Franklin Street, marking the company's eighth store in its hometown Boston market and first in the city's financial district.
 
The Franklin Street store will open the week of Sept. 9, giving a fresh look to the space once occupied by State Street. This will be the brand's second new store in the Boston area this year, following the opening of City Sports' Chestnut Hill location at The Street this past spring.

PHILADELPHIA — Leading automotive aftermarket service and retail chain the Pep Boys has acquired 17 discount tire centers in Southern California from AKH Company, Inc.

The tire centers are located throughout the greater Los Angeles market, from Bakersfield to Orange County. They will re-open on September 12 under the Pep Boys banner and provide full-service vehicle maintenance and repair, including brand-name and private-label replacement tires.

Lynnwood, Wash. -- Action sports retailer Zumiez reported net income of $4.7 million for the quarter ended Aug. 3, compared with $2.1 million a year earlier. Sales surged 16.9% to $157.9 million, and same-store sales edged up 0.9%.

Philadelphia -- Five Below will expand its presence in Texas by opening 11 stores in the Dallas-Fort Worth area on Sept. 12, 2013. The teen retailer’s entry into Dallas follows four successful store openings in Austin, completed in August of this year.

Memphis -- Perkins Restaurant & Bakery announced a six-unit franchise development agreement in Iowa and Nebraska over the next six years.  

The expanded development of the Iowa/Nebraska area was signed with Perkins franchisee CyHawk Hospitality Inc., which operates six Perkins Restaurants and Bakeries — five in Iowa and another in Independence, Mo.  
 
The first of the six additional units opened in July in Ankeny, Iowa, to be followed by a location in Norfolk, Neb., slated to open in September.

San Francisco -- Brooks Brothers has opened its second largest store in North America, a 26,000-sq.-ft. flagship in San Francisco’s Union Square. 

The interior takes inspiration from Brooks Brothers’ nearly 100-year-old flagship at 346 Madison Avenue in New York City. In keeping with the atmosphere of the New York space, the first floor of the new store is covered in pale cherry wood. The women’s floor is accented with clean white paneling and marble floors. The mezzanine holds the Red Fleece label for men and women.

Atlanta -- The Home Depot reportedly expects a continuing recovery in the U.S. housing market to improve its sales later this year. In an interview with Bloomberg, Frank Blake, CEO of Home Depot, Inc., said steady improvement in the housing market should lead to private equity firms and investors renovating properties for rental.

Columbus, Ohio -- Fitch announced that Gina Noda has joined the company as business development director. She previously served as director of business development for Sargenti Architects, and prior to that spent 15 years at Scorpio Construction as director of marketing.

Based in the New York City area, Noda will be responsible for expanding Fitch’s presence on the East Coast, as well as across the country.