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Real Estate

  • Report: Leonard Green set to make bid for BJ’s

    New York City -- Leonard Green & Partners is expected to make an opening-round offer on Wednesday for BJ’s Wholesale Club, the New York Post reported, citing unidentified people familiar with the matter.

    Bidders picked for the second round will probably be asked to make binding offers by the end of May, the newspaper said.

  • Home Depot pledges $30 million to veterans’ housing

    Atlanta -- The charitable arm of The Home Depot pledged $30 million over three years to address veterans' housing issues. The pledge starts with the donation of $3.1 million to Fisher House Foundation, The Mission Continues and Volunteers of America to repair and rehabilitate facilities and homes serving veterans.

    Home Depot employees also will volunteer to help on projects for all three organizations.

  • Kohl's recognized as Energy Star leader at D.C. ceremony

    MENOMONEE FALLS, Wis. -- Kohl’s Department Stores announced that the company will be recognized as a 2011 Energy Star Partner of the Year for the second consecutive year at the Energy Star Awards ceremony held in Washington, D.C. The Partner of the Year Award is presented by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy.

  • Report: Target puts Canadian sales at $6 billion by 2017

    New York City -- Target expects sales from its upcoming Canadian stores to total more than $6 billion by 2017, the company’s CFO said Tuesday, Dow Jones reported.

    Speaking to Wall Street analysts, CFO Douglas Scovanner said Target expects to have more than 200 stores in Canada within the next five to 10 years, with the stores generating about $6 billion Canadian ($6.27 billion in U.S. dollars based on Tuesday’s exchange rate).

  • Retail life after the Nashville flood

    The historic May flood of 2010 in Nashville and Middle Tennessee took 23 lives, displaced thousands of residents and flooded hundreds of businesses, as more than 13 inches of rain was recorded over a two-day period and the Cumberland River reached nearly 12 ft. above flood stage.

    Among the business casualties was the Opry Mills, a Simon Property Group outlet retail destination seven miles from downtown Nashville and a short walking distance from the Grand Ole Opry.

  • Walmart to anchor power center on 13.5 acres on Chicago’s South Side

    Chicago -- Jones Lang LaSalle said Monday that, on behalf of Monroe Investment Partners LLC, it has closed the sale of a 13.5-acre parcel on Chicago’s South Side to Walmart, which purchased the shovel-ready pad in the Chatham Market shopping center to build a 155,000-sq.-ft. supercenter.

    This will be the first of six new full-scale stores Walmart has announced it plans to build in the City of Chicago.

  • NY Bagel Café & Deli to open at Shoppes of Kildaire

    Cary, N.C. -- Jacksonville, Fla.-based Regency Centers said it has leased 1,626 sq. ft. of restaurant space NY Bagel Café & Deli, which is opening its new store at Shoppes of Kildaire, located in Cary, N.C.

    NY Bagel is slated to open this summer, and its addition brings the shopping center to 97% leased.

    The 147,651-sq.-ft. Shoppes at Kildaire is anchored by Gold’s Gym and Home Comfort Furniture alongside national retailers such as Trader Joe’s, Staples, Massage Envy and Subway.

  • Famous Footwear opens at North Haven Pavilion

    North Haven County, Conn. -- Purchase, N.Y.-based National Realty & Development Corp. announced that Famous Footwear opened at North Haven Pavilion, located in North Haven, Conn., on March 9.

    Target, Sports Authority and Michaels anchor the 274,000-sq.-ft. center.
     

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