Real Estate

SIDNEY, Neb. — Continued strength of firearm sales helped propel second-quarter results at Cabela’s, which reported net income $44.6 million for the three-month period ended June 29, just beating Wall Street's prediction, compared to $33.9 million in the year-ago period. 

The outdoor goods retailer also reported that its second-quarter net income surged 31% on a 10.5% rise in same-store sales. Revenue rose 21% to $756.8 million from $627.3 million. Direct revenue increased 13.7% to $180.1 million.

Grand Rapids, Mich. — Meijer has opened a 190,000-sq.-ft. supercenter at the Gateway Marketplace shopping center located in the Michigan State Fairgrounds.

The new supercenter includes a grocery and full-service pharmacy with a drive-through.

Chicago — Argo Tea has opened a greenhouse-inspired café in Chicago’s newly restored Connors Park. Argo and the city worked together on the park restoration, which includes chamomile and hibiscus tea bushes and native drought-tolerant plant varieties.

Argo Tea opened its first café in Chicago in 2003 and now operates 27. Plans call for 15 new locations over the next 12 months.

San Francisco -- PB Teen, a division of Williams-Sonoma, on July 27 will open its first store in Orange County, Calif., at South Coast Plaza in Costa Mesa.

The store will be anchored around a complimentary PBteen Design Lab, where teens and their parents can engage with the brand and its products by digitally creating a personalized room on a computer monitor. Using drag and drop technology, teens can experiment with different room configurations and color combinations and quickly see their designs come to life on a television screen overhead. 

Alameda, Calif. -- MBH Architects has appointed Klas Eklof and Oliver Mellows as principals for the 170-person firm.

Eklof and Mellows, each both employees of MBH for more than a decade, are looking forward to expanding their leadership roles during a time of exciting growth with increasing portfolios and branded projects, expanding opportunities for the firm.

MBH specializes in retail, residential, hospitality, mixed-use, workspace, and healthcare architecture and design. Their portfolio includes many well-known global clients and projects. 

ABILENE, Kan. — Argonne Capital Group LLC, a private investment firm based in Atlanta, Ga., has entered into a definitive merger agreement with Alco Stores, which will allow Argonne to acquire all outstanding shares of the broad-line retailer’s common stock for $14 per share in cash. 

New York -- The Dump Furniture Store plans to open a 134,000-sq.-ft. outlet in Lombard, Ill. and a 215,000-sq.-ft. warehouse in Addison, Ill. over the summer.

With 11 locations, the big-box retailer offers discounted famous-name furniture in stores open only on Friday, Saturday and Sunday.

Chesterfield, Mo. — Taubman Prestige Outlets Chesterfield, a new fashion outlet center opening on Aug. 2, has announced its lineup of stores, many new to the St. Louis market.

Store names include Polo ralph Laurent Factory Store, Restoration Hardware, Abercrombie & Fitch Outlet, Abercrombie kids, 2b bebe Outlet, Lucky Brand Outlet, Brooks Brothers Factory Store and many other well-known names.