Real Estate

CITY OF COMMERCE, Calif. — 99 Cents Only Stores reported that its consolidated net income for the first quarter of fiscal 2012 was $17.7 million, or 25 cents per diluted share, compared with $16.8 million, or 24 cents per diluted share, for the prior year.

ENGLEWOOD, Colo. — Children will be returning to school in a matter of weeks, and many of them will be joining or returning to some sort of sporting activity. Enter Sports Authority, which is answering the need for sporting goods by opening six news stores on Aug. 13. The six new stores will open in five states nationwide, in the major markets of Miami, Los Angeles, Salt Lake City, Chicago and Milwaukee, the company reported.

The store locations will be as follows:

• Miami Beach, Fla. at 3401 N. Miami Ave.

The outlet mall industry has undergone a major transition during the past decade and has never been better positioned for future success. This is a significant change from 10 years ago when a stale product mix targeted to a transient shopper base had raised serious questions about the viability of the outlet mall.

Englewood, Colo. -- Sports Authority said Tuesday it will open six new stores on Aug. 13.

The new stores will open in five states, and include the major markets of Miami, Los Angeles, Salt Lake City, Chicago and Milwaukee.
 

Jacksonville, Fla. -- Regency Centers said Monday it has acquired Rockridge Center, a 125,213-sq.-ft. grocery-anchored neighborhood center in Plymouth, Minn.

The property was purchased in an off-market transaction for $20.5 million from private real estate development company Hempel Properties.

This is the second grocery-anchored shopping center acquisition by Regency within 45 days.

Philadelphia -- Pennsylvania Real Estate Investment Trust announced that almost half-a-million sq. ft. of leasable space was signed or opened across its mall portfolio since the end of April.

According to PREIT, leases have been executed with J.C. Penney, Nordstrom Rack, Bravo Cucina Italiana and Forever 21 at Willow Grove (Pa.) Park, in the reconfigured space formerly occupied by Strawbridge’s.

New York City -- CB Richard Ellis Group, Inc. announced Tuesday that Matt Van Buren has been promoted to president, New York Tri-State Region.

Van Buren joined CBRE in January 2006. Previously, he served as executive managing director, with responsibility for CBRE's Midtown Manhattan brokerage division, as well as all activities relating to the firm's operations at its New York City headquarters at 200 Park Avenue.

Virginia Beach, Va. -- Divaris Real Estate announced Tuesday the appointment of Eric Bucklew as general broker for its Virginia Beach office.

Bucklew will focus on retail sales and leasing services to support the expansion of DRE's portfolio of leased and managed properties in the Hampton Roads, Va., region.

Virginia Beach, Va. -- Divaris Real Estate announced Tuesday the appointment of Eric Bucklew as general broker for its Virginia Beach office.

Bucklew will focus on retail sales and leasing services to support the expansion of DRE's portfolio of leased and managed properties in the Hampton Roads, Va., region.

Cincinnati -- Jacksonville, Fla.-based Regency Centers said it has leased retail space to two tenants at Hyde Park Plaza, located in Cincinnati.
 
Primary healthcare clinic Doctors Express has leased 3,474 sq. ft. and Orange Leaf Frozen Yogurt has leased 2,406 sq. ft., bringing the center to 96% leased.

Both tenants are slated to open this fall.
 
The 396,861-sq.-ft. shopping center is anchored by Kroger and Biggs, alongside national retailers such as Michaels, Massage Envy, Panera Bread, Starbucks and Staples.