Skip to main content

Real Estate

  • Belle Foods to close 13 stores

    New York -- Belle Foods plans to close 13 stores by Aug. 3, including six in Alabama, according to a report by the Birmingham Business Journal. The shutters are part of a reorganization following the chain’s Chapter 11 bankruptcy filing.

    Of the 13 store closures, 12 are Food Worlds and one is a Piggly Wiggly.

     

  • Report: Jones Group exploring possible sale

    New York -- Jones Group Inc. has tapped Citigroup Inc. to explore a possible sale, according to Reuters.
     
    In April, Jones Group said that it would close 170 stores and cut 8% of its workforce after first-quarter profit was less than analysts’ estimates. The news comes just months after activist hedge fund

    The company, whose brands include Stuart Weitzman, Jones New York, Easy Spirit, and Nine West, had a market value of about $1.2 billion as of July 5.

  • Target halfway home in Canada

    Another 20 Target stores are set to open next week in Canada, bringing the retailer’s total to 68 units with another 66 units planned for the second half of the year.

    The new stores opening between July 16 and July 30 include 11 units in Ontario, two each in British Columbia and Alberta, and three in Saskatchewan. The stores in Saskatchewan are the retailer’s first in that province.

    Target Canada president Tony Fisher said the retailer was excited to bring its unique brand of shopping to the additional locations and a new province.

  • Australia’s Seafolly to make U.S. retail debut

    New York -- Australian swimwear brand Seafolly will open its first U.S. freestanding store in October, Women’s Wear Daily reported.

    The company will open a 1,800-sq.-ft. location in Fashion Island mall, in Newport Beach, Calif. Seafolly has been selling its goods at select stores in the United States for about five years. It also does an exclusive line for Nordstrom, the report said.

     

  • Natural Grocers opens Omaha store

    Denver -- Natural Grocers has opened its third Nebraska store in central Omaha, Neb. It is the second Omaha store and the 89th store in the organic grocery chain.

    The family-run chain, which went public in 2012, has locations across Colorado, Texas, Utah, Wyoming, Oklahoma, Missouri, New Mexico, Montana, Kansas, Idaho, Nebraska, Arizona and Oregon.

     

  • Retro fashion retailer Bettie Page opens in Nashville

    Las Vegas -- Apparel retailer Bettie Page, which specializes in contemporary designs inspired by the 1940's and 50's, has made its Nashville debut. It is the company’s 15th location to date.

    "Our newest Bettie Page boutique is situated in the heart of Nashville," said Jan Glaser, co-CEO, Tatyana Designs, parent company of Bettie Page.

    One unique feature of the Nashville store is that the company has leased the entire 14,000-sq.-ft. building.

  • Target to open 20 more Canadian stores

    Mississauga, Ont. -- Target plans to open the doors to an additional 20 stores in Canada between July 16 and July 30. The stores will be located in in British Columbia, Alberta, Saskatchewan and Ontario
     
    The openings mark Target’s first openings in Saskatchewan and follow the unveiling of 48 stores across Canada earlier this year. The new 20 locations officially push Target past the halfway mark for store openings this year. The retailer plans to open 124 stores across Canada throughout 2013.

     

  • Sold: Danada Square East in Chicago MSA

    Oakbrook Terrace, Ill. -- Mid-America Real Estate Corp. has brokered the sale of Danada Square East, a 202,036-sq.-ft. grocery anchored shopping center in the Chicago suburb of Wheaton, Ill. Dominick’s anchors the center.

    Newport Capital Fund I purchased the property for $31,625,000 from CBRE Global Investors.

     

X
This ad will auto-close in 10 seconds