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Real Estate

  • RILA: Green Lease teams landlords and tenants toward sustainability

    Washington, D.C. -- A first-of-its-kind document could go a long way toward cementing the sustainability relationship between retailer tenants and their shopping center landlords.

  • Rick Puttkammer returns to Colliers

    San Diego -- The San Diego office of Colliers International has announced that Rick Puttkammer is rejoining the firm as a senior VP. A 25-year veteran in retail property sales and leasing, Puttkammer will head up the firm’s retail division.

    Most recently, Puttkammer was senior VP at Flocke & Avoyer in San Diego. From 1987 to 1997, he was senior marketing director at Colliers in San Diego.

     

  • Saint Petersburg Global signs for first Manhattan store

    New York -- Saint Petersburg Global Trade House, the oldest Russian book, music video, toy and souvenir retailer in the United States, has signed a lease for its first Manhattan location — in the NoMad neighborhood, according to Winick Realty Group, which represented the retailer.

    The 10-year lease includes a 1,051-sq.-ft. ground floor and a 653-sp.-ft. mezzanine. The landlord, an entity owned and managed under a partnership controlled by The Feil Organization, was represented in-house.

  • New York & Company inks deal for Somerset

    Bridgewater, N.J. -- Women’s apparel retailer, New York & Company, has taken 7,440 sq. ft. in the Somerset Shopping Center in Bridgewater, N.J., according to Levin Management, the property’s leasing and managing agent.

    The lease brings the 214,202-sq.-ft. center to full occupancy.

     

  • Togo’s grows into Utah with six new restaurants

    San Jose, Calif. -- Togo’s Eateries has announced a multi-unit franchise agreement in Utah. Six new franchised restaurants will open in the Salt Lake City metropolitan area beginning in first quarter 2014. The agreement accompanies Togo’s commitment to grow from 250 to 400 restaurants.

    Togo’s average unit sales exceed $633,000 with more than half of the restaurants averaging over $799,000.

  • Kite Realty begins renovation of Naples, Fla., center

    Naples, Fla. -- Kite Realty Group Trust has begun work on a $10 million renovation of the 85,497-sq.-ft. Kings Lake Square in Naples, Fla.

    The renovation will demolish the center’s Publix anchor and construct a new 45,000-sq.-ft. new Publix. Additional work includes renovated shop facades new sidewalks, a new parking lot, site lighting and landscaping.

    Publix will close this month and reopen the new store next spring. All other tenants will remain open during the renovation.

  • Newest version of LEED green building system to launch in fall

    New York -- The U.S. Green Building Council’s membership has voted to adopt the next version of its LEED (Leadership in Energy and Environmental Design) green building certification system.

    The new update, LEEDv4, will launch this fall at USGBC’s annual Greenbuild convention. It has been expanded to include more building sectors, such as data centers, warehouses and distribution centers.

    Another LEED v4 change includes allocating about 20% of all points to optimizing energy performance over the ASHRAE 90.1-2010.

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