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Real Estate

  • New J.C. Penney stores open at two PREIT malls

    Philadelphia -- Pennsylvania Real Estate Investment Trust said Friday that new J.C. Penney stores have opened at two of its properties – both in Pennsylvania.

    The stores, at PREIT’s Willow Grove Park in suburban Philadelphia and North Hanover Mall in Hanover, Pa, will feature the retailer’s new “Shops” format, encompassing 100 Shops that showcase apparel and home brands. As well, both stores will feature 1,700-sq.-ft. Sephora Inside J.C. Penney shop-in-shops.

  • Starbucks sees 1,000 new U.S. stores in next five years; will accept mobile payments starting in November

    Houston -- Starbucks Coffee Co. founder and CEO Howard Schultz said his company plans to add 1,000 stores in the U.S. in the next five years, according to a Bloomberg report.

  • Uniqlo in West Coast debut unveils ‘virtual dressing room’

    San Francisco -- Uniqlo will open its first store on the West Coast, in San Francisco, on Oct. 5.

  • Family Dollar profit edges up in Q4; to open 500 stores in 2013

    Matthews, N.C. -- Family Dollar Stores reported Wednesday that net income for the quarter ended Aug. 25 inched up to $80.9 million, from $79.8 million in the same period last year. Results were impacted by an $11.5 million litigation charge stemming from the preliminary settlement of a lawsuit in New York.

    Sales for the quarter rose 10.8% to $2.36 billion, a record for the company, and same-store sales increased 5.4%.

  • Uniqlo to open first West Coast flagship in San Francisco

    SAN FRANCISCO — Fast Retailing will open its first West Coast Uniqlo flagship store in the Union Square neighborhood of San Francisco.

  • Running Specialty Group acquires Run On!

    Denver -- Regional chain The Running Specialty Group announced Wednesday it has acquired five Dallas-based Run On! stores, bring the total number of stores to 24.

    RSG is a joint venture between The Finish Line and private-equity firm Gart Capital Partners.

    Plans call for RSG to begin expanding in Texas and surrounding areas over the next five years.

     

  • Working for Target just became more fun

    Silicon Valley companies paved the way for corporate America to offer non-traditional workplace amenities and now Target has joined their ranks.

  • Green building leaders establish firm to advance sustainable real estate

    Seattle -- Green-building consulting firm Paladino and Co. said Wednesday it has acquired S.D. Keppler & Associates, a green consultancy out of Rockville, Md.
     
    The two firms have joined to establish a comprehensive consulting offering focused on elevating the impact of green real estate programs within business.

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