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Real Estate

  • Longview Plaza acquired by Morris-Floyd Capital

    Fort Worth, Texas -- The 15.5-acre Longview Plaza power center has been acquired by Morris-Floyd Capital Partners. Located in Longview, Texas, the property is 100% leased.

    Anchors include Bed, Bath & Beyond, T.J. Maxx, Michael’s, Office Depot, Best Buy and Books-A-Million. Sperry Van Ness brokered the sale. Longview Plaza Ltd. was the seller.

     

  • PizzaRev: ‘The Next Chapter’

    In its PizzaRev case study series, CSA Online offers an insider’s look at the conception, initial rollout and growth of the southern Calif.-based fast-casual concept PizzaRev. Likened to “the Chipotle of pizza,” this innovative chain lets customers choose from an artisanal array of toppings to craft their own pizzas very quickly in a high-end stone hearth oven. A test kitchen in Northridge, Calif. was launched in April 2012 and two additional locations quickly followed.

  • Jos. A. Bank looking for acquisitions

    New York -- Men’s apparel and accessories chain Jos. A. Bank Clothiers has confirmed that it is on the hunt for acquisitions to drive growth. The company has retained Financo LLC to assist it in its search.

    “As part of its evaluation of strategic opportunities, the company has been and will continue to selectively seek potential acquisitions that are strategically sound and accretive in the long run,” Jos. A. Bank said in a statement. “No timetable has been set for any acquisition.”

     

  • Neiman Marcus files for IPO; looks to expand outlet center format

    New York -- Luxury department store operator Neiman Marcus Inc. on Monday disclosed plans for a proposed public offering of up to $100 million.

    The retailer’s plan, announced in a regulatory filing, comes some eight years after it was acquired for $5.1 billion by private equity firms TPG Capital and Warburg Pincus. In its filing, Neiman Marcus indicated a desire to expand its outlet center concept, Last Call, which currently operates 35 locations.

  • Homeowners’ summer projects bode well for home centers

    Seattle – Six-in-10 U.S. homeowners plan to make a home improvement or addition this summer, according to the Zillow Digs Summer Home Improvement Trend and Spending Survey. Zillow cites tight housing inventory and the fact that more than 25% of homeowners in the U.S. owe more on their mortgage than their property is worth as driving factors in the popularity of home-improvement projects.

  • United Supermarkets to unveil new, Texas-inspired store design

    Snyder, Texas -- United Supermarkets’ store in Snyder, Texas, is set to unveil a fresh new look along with added services resulting from a store remodeling effort now under way.  Snyder will be the first store to receive the new décor – as well as the new United logo.

    “We are excited about the new look we are introducing this year for our United brand, and we are thrilled to be rolling it out first in our Snyder store,” Monica Schierbaum, senior director of marketing for United Supermarkets.

  • Dollar Tree / Deal$ to open in Astoria, N.Y.

    New York -- Dollar Tree / Deal$ has leased 8,000 sq. ft. on Steinway St. in Astoria, New York, according to SRS Real Estate Partners.

    The SRS New York City office represented the tenant, and Lucid Vass Realty Group represented Astoria Properties Company, the landlord.

     

  • Hudson Group takes retail therapy to bustling LAX terminal

    EAST RUTHERFORD, N.J. — The experience of air travel has declined over the years, but the retail experience at airports has consistently been elevated as retailers look for new opportunities, such as this newly renovated Tom Bradley International Terminal, featuring 19 retail stores, at the western gateway to the U.S.

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