Real Estate

CITY OF COMMERCE, Calif. — 99 Cents Only Stores reported that net sales for the third quarter increased $35.6 million, or 8.8%, to $439.5 million for the third quarter of fiscal 2013 compared to $403.9 million for the third quarter of fiscal 2012. Same-store sales increased 4.3%.  

New York -- Tata Starbucks Limited, the 50/50 joint venture between Starbucks Coffee Company and India’s Tata Global Beverages Limited, opened Starbucks’ first location in New Delhi. The store is designed to celebrate the heritage and history of the city.

New York -- Fidelity, the Boston-based investment firm, has bought a 10% stake in C. Wonder, according to Women’s Wear Daily. Founded by Christopher Burch in 2011, the company has since expanded to 10 locations and also operates pop-up stores.

Burch has big plans for C.Wonder, which sells a mix of apparel, accessories and home goods, all under its own label. According to previous reports, he plans to expand it to 50 to 100 stores by the end of 2014, including locations abroad.

New York -- Winick Realty Group said Tuesday it has been appointed the exclusive broker for Desi Shack, a fast-casual South Asian restaurant concept with one current location in Midtown East.

Desi Shack plans to open two more locations within the next 12 months, seeking sites measuring 600 sq. ft. to 1,500 sq. ft. in the Financial District, Midtown East, Midtown West, Flatiron, Union Square, the Upper East Side and the Upper West Side of Manhattan.

Bryn Mawr, Pa. -- WP Realty and Angelo, Gordon & Co. announced Tuesday the sale of Fairlawn Town Centre located in Fairlawn, Ohio.
 
Fairlawn is located just west of Akron; Fairlawn Town Centre is a 447,037-sq.-ft. community shopping center anchored by Giant Eagle, Target (separately owned), Home Goods, Pet Supplies Plus, Ashley Furniture and Marc’s. In-line retail tenants include U.S. Post Office, Chuck E. Cheese, Panera Bread, GNC, Subway and RadioShack.

Canton, Mass. -- Dunkin’ Donuts announced the signing of multi-unit store development agreements with two franchise groups to develop 11 restaurants throughout New Orleans.

The two franchise groups and their development plans include:

Frenchtown Township, Mich. -- Youngstown, Ohio-based Cafaro Co. said Monday that rue21 will open a new store at Mall of Monroe, located in Frenchtown Township, Mich.

The 5,700-sq.-ft. store is slated to open June 2013 in the mall’s south concourse, and will be the only rue21 location in Monroe County.

Cafaro also said that The Monroe Expo Center opened Feb. 4, converted from a former retail use to a 51,000-sq.-ft. event space.

New York -- Douglas Elliman's Retail Group said Tuesday it has arranged the lease for Oro Gold Cosmetics' first New York flagship at 118 East 57th Street, between Park and Lexington Avenues.

The retailer currently operates 50 dedicated boutiques and spas in affluent markets worldwide, including London, Barcelona, Moscow, Dubai and Singapore, as well as in such U.S. cities as Chicago, Dallas, Las Vegas, Boston, Miami and throughout California, from San Diego to Sacramento.