Real Estate

Miami, Fla. -- Famous Footwear has renewed its 8,000-sq.-ft. lease at Kendall Village Center in Miami, Fla., according to Berkowitz Development Group www.berkowitzdevelopment.com. The transaction maintains the 95% occupancy level at the 426,000-sq.-ft. open-air shopping and office destination. Retail space totals 276,000 sq. ft.

Major tenants include the Regal 16-plex Stadium Seating Theater, Old Navy, Gap, Nova Southeastern University, Pier 1 Imports and LA Fitness.

Boston -- Finard Properties has appointed CBRE-Grossman Retail Advisors as the exclusive leasing agent for the retail, restaurant and entertainment component of the proposed Mohegan Sun Massachusetts destination resort casino in Palmer, Mass.

The $1 billion project will feature two hotels, an aqua entertainment park, casino gaming and branded retail stores and restaurants.

Hilton Head Island, S.C. -- Shelter Cove Towne Centre, an outdoor mall now under construction, has taken a bold step to engage the surrounding Hilton Head Island community — both residents and visitors. It has set up shop on a crowd-sourcing website called Popularise and asked Hilton Head residents to suggest tenants for the 290,000-sq.-ft. property.

Eagan, Minn. -- Steak buffet chain Buffets Inc. said that it has appointed Keith Kravcik as its CFO. The company also created a new position – director, office of the CEO and corporate administration – and promoted Jackie Fiebelkorn to the slot.

Kravcik will be responsible for all finance, accounting, purchasing and IT functions as well as continuing to strengthen the back office services organization. Fiebelkorn will lead the office for the CEO and oversee administrators throughout the organization.  

Oak Brook, Ill. – McDonald’s has signed a contract with Vietnamese businessman Henry Nguyen to serve as a developmental licensee for the company in Vietnam.

Nguyen, founder of Good Day Hospitality and managing partner of IDG Ventures Vietnam as well as a former part-time McDonald’s store employee in the U.S., is expected to open Vietnam’s first McDonald’s restaurant in Ho Chi Min City in early 2014.

Los Angeles -- Arden Group, owner of the 16-unit Gelson’s Market grocery chain, said that the company is exploring its strategic options and has hired financial adviser Moelis & Co. to help with the review process.

The options may include a possible sale of the company.

No timeline for any potential transactions has been outlined.

Boston -- Bonefish Grill has signed up for 4,614 sq. ft. at the Wayside Shopping Center in Burlington, Mass., the retailer’s first Massachusetts location, according to The Wilder Cos., Wayside’s leasing, management and development firm.

Part of the multi-phase revitalization of the open-air center, Bonefish anticipates opening in late fall of this year.

Cincinnati, Ohio -- Kimco Realty has sold Colerain Towne Centre, a 400,000-sq.-ft. Cincinnati power center, for $30 million, according to Mid-America Real Estate Corp.’s investment sales group, which represented Kimco in the transaction in cooperation with Anchor Associates. The buyer is a private real estate company.