Real Estate

Durham, N.C. -- Jacksonville, Fla.-based Regency Centers said it has leased restaurant space to Fuji Steakhouse at Southpoint Crossing shopping center, located in Durham, N.C.

The Japanese restaurant leased 6,400 sq. ft. and is slated to open in summer 2012.

The 103,128-sq.-ft. shopping center is anchored by a 59,160-sq.-ft. Kroger alongside national retailers such as McDonald’s, GNC, Ruby Tuesday and H&R Block.
 

Covington, La. -- Stirling Property Group said that River Chase Shopping Center, in Covington, La., is celebrating the openings of several national retailers in the development’s newest phase. 

The first openings are scheduled to occur over the next few weeks with others to open this summer.

Dallas -- SRS Real Estate Partners announced that new leadership in the Houston office has been put in place to help strengthen the firm’s presence throughout central and south Texas.

Todd Wallace and Robert O’Farrell have been named co-market leaders for the Houston office, focusing on growth via building its retail brokerage team.

Wallace and O’Farrell currently lead the Austin and newly established San Antonio offices as well. With this leadership change, Wallace and O’Farrell will be leading all the offices.

Encino, Calif. -- Marcus & Millichap Real Estate Investment Services said it has named Brandon Michaels senior director of the firm’s National Retail Group in Encino.

Michaels joined Marcus & Millichap in July 2004.
 

Hoover, Ala. -- Chicago-based General Growth Properties and Montgomery, Ala.-based Jim Wilson & Associates announced that Von Maur department store will open at Riverchase Galleria, in Hoover, Ala.

Alabama’s first Von Maur will open in 2013, featuring a 187,000-sq.-ft. store that will join Macy’s, Sears, J.C. Penney and Belk anchors.

NEW YORK — The iconic Macy's Herald Square flagship in New York City is getting a facelift. The company has started work on the four-year renovation of the store, which will include what it says will be the “world’s largest shoe floor,” with 300,000 pairs of shoes stepping into a new 63,000 -sq.-ft. space (retail and stock).

Canton, Mass. -- Dunkin' Donuts announced Monday the signing of a multi-unit store development agreement with QSR Services for nine new restaurants in Omaha and Lincoln, Neb.

The first restaurant is planned to open in 2013, and the remainder by 2017.

"We are excited to expand Dunkin' Donuts' presence in Omaha and Lincoln and play an important role in the daily lives of people who live, work and visit here," said Bryce Bares, president, QSR Services.
 

New York -- Sprouts Farmers Market, a Phoenix-based natural-foods supermarket chain, has reached an agreement to merge with competitor, Sunflower Farmers Market, based in Boulder, Col. Terms of the deal were not disclosed.

The combined company will operate 139 stores in eight states under the Sprouts banner, with annual sales of approximately $2 billion. It will open about 12 new stores this year.

“Our operations are very similar," said Sprouts president Doug Sanders, who will lead the combined supermarket company.

New York -- Macy’s on Monday started work on the four-year renovation of its Herald Square flagship in New York City. In the first phase, the retailer is making over its shoe department into what it says will be the “world’s largest shoe floor,” with 300,000 pairs of shoes stepping into a new 63,000 -sq.-ft. space (retail and stock).

Birmingham, Ala. -- Hibbett Sports Inc. reported Friday that profit for the quarter ended Jan. 28 jumped 27% to $15.8 million, compared with $12.5 million in the year-ago period.
 
Revenue increased 10% to $190.7 million from $173.2 million, missing Wall Street’s expected $192.2 million in revenue. Same-store sales rose 7.2%.

For the full year, Hibbett reported net income of $59.1 million, up from $46.4 million last year. Revenue rose to $732.6 million, from $665 million.