Real Estate

Dallas -- SRS Real Estate Partners announced two new hires in the South Florida office, as Dominic Delgado and Evan Richardson both joined the team as senior associates.

Delgado will focus on investment services, landlord representation, tenant representation and disposition services.  Prior to joining SRS, he worked in Miami as community association management coordinator for KW Property Management.

Kansas City, Kan. – OTB Destination announced that the area’s first White House | Black Market Outlet boutique will open at Legends Outlets Kansas City in May 2012.

The women’s retailer will offer a collection designed specifically for the outlet boutique, while offering a select assortment of product from their full-price boutiques as well. The White House Black Market Outlet boutique will occupy an overall square footage of 2,955 next to Saks Fifth Avenue Off 5th.

Costa Mesa, Calif. -- Transwestern announced the renewal of a multi-year, $4.69 million lease of a 53,164-sq.-ft. office space for Anna’s Linens in Costa Mesa’s Harbor Gateway Business Park.
 
The office will continue to be used by Anna’s Linens as its corporate headquarters.

“We are very pleased to maintain our headquarters here in Orange County, where the company was born,” said Alan Gladstone, chairman and CEO of Anna’s Linens.

Dallas -- Edge Realty Partners has announced the launch of Edge Realty Capital Markets, which will focus on the investment sales of retail, multi-family and healthcare properties.

Brandon Beeson and Mart Martindale will lead Edge Capital Markets as principals. Steven Smith is also joining the firm as an executive VP.

Beeson previously was senior director with Berkadia where he focused on representing owners in sale of retail assets.   

Dallas -- Blockbuster parent Dish Network confirmed Thursday that it will close 500 underperforming Blockbuster video stores in the first quarter, which equates to about a third of its stores.

The company, which acquired Blockbuster in 2011, said it plans to expand Dish Services offerings in the remaining Blockbuster stores. It currently offers the services in 150 stores.

New York City -- A Friday report in Crain’s New York Business said that Dallas-based 7-Eleven, which currently has 12 c-stores in Manhattan, plans to open another 14 in 2012.

Parent company Seven & I Holdings Co. said some of the 14 spaces were leased last year, but others have not been sited yet. Neighborhoods to be developed include Midtown, Greenwich Village, Chelsea and the Upper East Side. The Financial District is also on the boards, according to the report, which said that another 20 locations are planned between 2013 and 2017.

Vancouver -- J. Crew has announced three new Canadian store openings, according to a report in the Financial Post.

The new locations include stores in Vancouver, Edmonton and Toronto, and will join the sole store already open in the country as well as herald the launch of the retailer’s men’s apparel line in Canada.

Edens will unveil Mosaic in fall 2012. The urban grid design mixing hotel, office and retail, Mosaic is a 31-acre mixed-use development located in the heart of Merrifield, Va.

Mosaic offers a wide variety of on-site amenities including a diverse offering of restaurants unique to the community, shops and large-scale retailers, specialty services and more, all within walking distance.

Twenty new Target stores are scheduled to open this year including the company’s first five CityTarget locations and two other units at recently disclosed California locations.

Target said it would open a 135,000-sq.-ft. store in the California coastal town of Capitola, about an hour and a half south of San Francisco, in July. The store will be the company’s second location in Santa Cruz County.

NAPERVILLE, Ill. — Following a substantial decline in net income for its fourth quarter, OfficeMax is keeping costs in mind by reducing its retail store count in the upcoming year.

For the next fiscal year, the company said it plans a net reduction in retail store count with up to 35 store closures and one to two store openings in the United States, as well as eight to nine store openings and one to two store closures in Mexico.