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Real Estate

  • Kemper expands Bellevue Collection

    Bellevue, Wash. – Real estate development firm Kemper Freeman is moving ahead with a $1.2 billion expansion of The Bellevue Collection, a regional shopping center located in Bellevue, Wash. The expansion will add two million sq. ft. of retail, office, hotel, residential, dining and entertainment space. The currently four million-sq.-ft. property already houses more than 250 stores and restaurants.
     

  • DSW opens new Massachusetts store

    Columbus, Ohio – Footwear/accessories retailer DSW Inc. opened a new store in Braintree, Mass., on May 18. The new store is located at 250 Granite Street.

    DSW currently operates 377 stores in 42 states, the District of Columbia and Puerto Rico.

     

  • Ikea, Walmart anchor new shopping center

    BEACHWOOD, Ohio — Ikea and Walmart are among the retailers heading to Charlotte, N.C., to anchor the Belgate Shopping Center. The new 900,000-sq.-ft. shopping center is DDR Corp.’s first ground-up domestic development in more than four years. 

    The center will also include junior anchors Marshalls, Old Navy, Petco, ULTA, Cost Plus World Market, Hobby Lobby and Shoe Carnival.

  • Former Nike exec rules development roost at Church’s Chicken

    Former Nike executive Tony Moralejo has been appointed chief development officer at Church’s Chicken. Moralejo will be responsible for domestic and international expansion for the global chicken chain, as well as franchising, re-imaging, construction and real estate management. 

    He will report directly to president and CEO Jim Hyatt and will be a member of the brand’s executive team.

  • Macy’s to close St. Louis store

    Cincinnatti -- Macy’s plans to close a store located in downtown St. Louis at the Railway Exchange Building on Olive Street, with a final clearance sale beginning Sunday, June 2 that is expected to last about 10 weeks. Macy’s plans to continue operating its other eight stores in the Greater St. Louis area.

  • Family Dollar honors IT partner at annual summit

    MATTHEWS, N.C. — Family Dollar has named Trade Area Systems, a supplier of enterprise market knowledge systems for retail, its IT Strategic Partner of the Year. The award was presented during the company’s fifth annual IT Strategic Partner Summit.

    Family Dollar worked with Trade Area Systems in September 2012 to implement TAS Unity, an editable, data-collection software system that allows real estate managers to input photos and comments about stores, competitors and opportunities directly into the system from their mobile devices.

  • Smashburger plans expansion, possible IPO

    DENVER -- Fast food hamburger chain Smashburger plans to more than double its nationwide store count to about 500 in the next few years. The chain currently runs about 200 locations across the US.

    According to public comments from Smashburger chariman and CEO Dave Prokupek, the chain may also launch a US IPO at some point in the future. “The idea of good food fast isn’t going to go away anytime soon,” said Prokupek.

     

  • Fixtures Living to open at Oakbrook Center

    Chicago -- General Growth Properties said that its Oakbrook Center property in Chicago has welcomed Fixtures Living, an experiential showroom concept based in San Diego.

    The Oakbrook Center store is the company’s first outside of California. It is slated to open in spring 2014 and will be Fixtures Living's fifth overall and the second one situated within a luxury retail center – the other being Glendale (Calif.) Galleria.

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