Real Estate

Los Angeles -- CBRE Group said Wednesday that the U.S. commercial real estate market continued to show moderate improvement across all property sectors in third quarter 2012.

In the retail sector, properties continued to see modest improvement in availability, which fell 10 bps to 12.9%, during the third quarter.

St. Charles, Mo. -- Peoria, Ill.-based Cullinan Properties said that MassageLuXe has opened at the Streets of St. Charles, a new mixed-use development in St. Charles, Mo.

MassageLuXe joins Streets of St. Charles Dental and the first Five Guys Burgers & Fries location in St. Charles County. Opening soon are two full-service restaurants that are new to Metro St. Louis -- Tucanos Brazilian Grill and Prasino.

Mississauga, Ontario -- Walmart Canada said Tuesday it will complete 30 real estate projects by the end of October, including two supercenter conversions and 28 new stores totaling 2.4 million sq. ft. of retail space.

The new stores were former Zellers locations; 10 will be converted to supercenters and 18 will be Walmart Canada discount stores.

“This is an exciting month for Walmart Canada,” said Jim Thompson, COO, Walmart Canada.

Burlington, Mass. -- KeyPoint Partners said Tuesday it has negotiated a lease with Sun & Ski Sports to occupy a 14,393-sq.-ft. space at 406 Washington Street in Woburn, Mass.

The store will be situated on the upper level of the building which houses Hogan Tire & Auto Service Center.

According to Sun & Ski parent Retail Concepts, a November 2012 opening is planned for this newest store, which is the chain’s thirtieth.

Washington, D.C. -- Grosvenor Americas and Skanska USA Commercial Development have announced plans for a mixed-use project of more than 650,000 sq. ft. directly north of the new Washington Nationals ballpark in the Capitol Riverfront district of Washington, DC.
     

New York -- Prudential Douglas Elliman’s Retail Group said it has secured a long-term lease for Chill Berry Frozen Yogurt at 2121 Frederick Douglass Blvd., between 114th and 115th Streets in New York City.

It is the second of two Harlem-based stores for the owners, with the first on Lenox Avenue and 131st Street.

Neighboring businesses along the corridor include Harlem Tavern, the 5 and Diamond, Jado Sushi, Posh Paws, Mod Squad Cycles and Best Yet Market.

Atlanta -- The Sembler Co. said that Charlie Heard has joined the firm as VP development and southeast market leader for the company. He will be based in Atlanta.

Heard’s duties consist of pursuing new shopping center development opportunities in Georgia, South Carolina, North Carolina, Tennessee and Virginia.  He has been involved in development projects for retailers such as Publix, Kroger, Target, Home Depot, Best Buy, CVS and Walgreen's and has worked with top-tier retailers on site selection across industry sectors.

MISSISSAUGA, Ontario — Walmart Canada is stepping up its presence in the country this month with the opening of the most stores in the company's history.

By the end of October, the company will complete 30 real estate projects. They include two supercenter conversions and 28 new stores, which were formerly Zellers stores. Of the 28 Zellers locations, 10 will be supercentres and 18 will be discount stores. The 30 stores employ more than 3,000 associates and represent an addition of nearly 2.4 million square feet of retail space.