Skip to main content

Real Estate

  • ICSC applauds adoption of Marketplace Fairness Amendment in Senate

    New York -- The International Council of Shopping Centers on Friday applauded the adoption of an amendment to the fiscal year 2014 Senate Budget Resolution. The amendment gives states the authority – if they so choose – to require online sellers to collect sales taxes just like brick-and-mortar retailers already do.

  • Jones Lang LaSalle brokers sales of Bethesda Walk

    Atlanta -- Jones Lang LaSalle’s Capital Markets announced that the firm has closed the sale of Bethesda Walk in the Lawrenceville suburb of Atlanta, on behalf of DLC Management Corp., Tarrytown, N.Y.

    Solon Mack Real Estate purchased the 68,271-sq.-ft. shopping center, which is anchored by a 44,271-sq.-ft. Walmart Neighborhood Market that opened in mid-2012.

    Terms of the deal were not disclosed.

     

  • Dollar General Q4 earnings rise; 635 stores on tap for fiscal 2013

    Goodlettsville, Tenn. -- Dollar General reported Monday net income of $317 million for the quarter ended Feb. 1, compared with $293 million in the year-ago period, beating Wall Street expectations. The company also forecasted 2013 sales growth of 10%-12%, slightly below analysts’ views.

    Revenue edged up 0.5% to $4.21 billion in the quarter, missing Wall Street’s expected $4.26 billion. Same-store sales rose 3%.

    For the full year, profit grew to $953 million from $767 million, and revenue rose 8.2% to $16.02 billion.

  • Mid-America signs 68,000+ sq. ft. of home furnishings stores in Illinois

    Oakbrook Terrace, Ill. -- Mid-America Asset Management said it has signed three furniture/home décor stores to retail locations in Chicago’s suburbs of Oak Brook and McHenry as well as downstate in Bloomington, Ill.

    Ashley Furniture signed a lease for 31,573 sq. ft. at Colonial Plaza in Bloomington, Ill., with plans to open in spring 2013. Ashley Furniture will co-anchor the 236,460-sq.-ft. center along with Kmart and OfficeMax.

  • Smoothie King to open 100 stores in 2013

    New Orleans -- Smoothie King Franchises said Monday it plans to open 70 franchise and 30 corporate locations across the U.S. in 2013.

    Since December 2012, the smoothie franchise has acquired six additional locations in Florida and Texas, bringing the total number of corporate stores to seven. The company also has opened six new franchise locations since the start of the year.

  • Madison Marquette to lease retail space for Dilworth Plaza

    Philadelphia -- Philadelphia’s Center City District, a private-sector sponsored business improvement district, announced on Friday that it has retained Madison Marquette Retail Services to lease the retail space for Dilworth Plaza.

    As part of a major transformation of Dilworth Plaza, premium retail space for the operation of a café concept is available, encompassing 600 sq. ft. with indoor and outdoor seating that can accommodate 60.

  • Wayside, Burlington, Mass.

    As part of a multi-phase revitalization of The Wilder Cos.’ Wayside property in Burlington, Mass., the company announced that Ethan Allen and Starbucks, along with Potbelly Sandwich Shop, will open in high-visibility locations.

  • Kona Grill to open at West 7th

    Fort Worth, Texas -- Cypress Equities, the developers of West 7th in Fort Worth, Texas, announced that Kona Grill will open a new restaurant location within the mixed-use development later this year.

    The new 7,500-sq.-ft. restaurant marks Kona Grill’s fifth Texas location and second in the DFW metroplex.

X
This ad will auto-close in 10 seconds