Real Estate

Los Angeles -- CBRE Group said it has appointed Blake R. Hastings as managing director of its Minneapolis office, effective January 1, 2013.

Hastings succeeds Whit Peyton, who will be stepping down after more than two decades of service.

In his new position, Hastings will be responsible for overseeing all CBRE’s operations in Minnesota.

West Des Moines, Iowa -- C-store operator Kum & Go said Friday it has opened a new store in Gillette, Wyoming. The previous store was razed in July 2012 to make room for the all-new Kum & Go store design.

The nearly 5,000-sq.-ft. store introduces many new features both inside and outside the buildings. Inside, customers will find a larger product selection, a center checkout area with customer-focused staff, and an expanded Go Fresh Market.

Bolingbrook, Ill. — Ulta Beauty reported a double-digit gain in third-quarter sales and net income. The company said it is planning to open approximately 125 stores in 2013.

For the quarter ended Oct. 27, net income rose 42.5% to $38.2 million. Net sales rose 22.4% to $505.6 million, from $413.1 million in the year-ago period. Same-store sales were up 8.4%.

During the quarter, Ulta opened 49 stores, for a total of 537 stores.

Newton Upper Falls, Mass. -- Shoe manufacturer and retailer Clarks Cos. announced it has put a new real estate team in place to help reach its aggressive expansion goals.

According to Somerset, England-based parent C&J Clark, its retail division has opened nearly 300 company-owned, full price and outlet stores in the U.S. over the last 18 years and plans to add 30 to 50 new stores per year, with a goal of doubling its footprint over the next five years.

The iconic Los Angeles intersection of Sunset and Vine is the location of a new flagship store Walgreens has designated as its 8,000th unit.

Greensboro, N.C. -- Tanger Factory Outlet Centers and Peterson Companies announced that construction has commenced on Tanger Outlets National Harbor, located in the National Harbor, the Washington, D.C., area's premier waterfront resort destination.

Developed by Peterson Companies, National Harbor comprises 350 acres of prime real estate along the scenic Potomac River in Prince George's County, Md. Tanger Outlets National Harbor will feature approximately 80 leading brand name and designer outlet stores.

New York -- J. Crew Group reported Thursday that net income for the third quarter rose to $33.2 million, from $21.6 million in the prior year.

Revenues increased 16% to $555.8 million, and same-store sales increased 10%.

Seattle -- Nordstrom announced plans to open a store at Mayfair, in Wauwatosa, Wis., the largest mixed-use shopping center in the state. Scheduled to open in 2015, it will be the retailer’s first full-line store in the greater Milwaukee area. Mayfair is owned by General Growth Properties.

The company plans to open an approximately 140,000-sq.-ft., three-level store. Nordstrom will join Macy's, Boston Store, Crate & Barrel and the Apple Store at Mayfair.