Real Estate

Seattle -- Nordstrom announced plans to open a Nordstrom Rack in Boise, Idaho.

The 37,000-sq.-ft. store will be part of the Boise Towne Plaza shopping center and is expected to open in spring 2012.

Boulder, Col. -- Sunflowers Farmer Market plans to open its first location in California on May 11, in Roseville, which is in the northern half of the state.

Sunflower operates 33 stores in Colorado, Arizona, New Mexico, Nevada, Utah and Texas.
 

Beaumont, Texas -- Conn's said Thursday that it lost $3.4 million in its fiscal fourth quarter, reflecting charges tied to planned store closings and other items.

Conn's, which sells consumer electronics, home appliances, furniture, mattresses and lawn and garden products, operates 76 stores in Texas, Louisiana and Oklahoma. It plans to close five underperforming stores and let the leases expire for two additional locations.

Columbia, S.C. -- Edens & Avant announced it has appointed Peter Melmed as VP construction and development. 

Melmed will be based in Bethesda, Md., and will oversee the construction of large-scale development and redevelopments throughout the Edens & Avant portfolio.

Prior to joining Edens & Avant, Melmed was a real estate consultant at PJM Realty.

Foxborough, Mass. -- Patriot Place shopping center, located in Foxborough, Mass., announced that Charming Charlie boutique opened today, its first location in Massachusetts.

Fort Lauderdale, Fla. -- SRS Real Estate Partners announced that Greg Roth has returned to the company, serving as senior VP and market leader in South Florida.

A veteran of Staubach Retail Services (now SRS), Roth also served as director of retail investments for Archon Group and, most recently, was managing principal of LDR Realty Partners.

Washington, D.C. -- Combined Properties announced that Jessica Berets has joined the company as Assistant General Counsel. 

Berets will be responsible for drafting, negotiating and consummating a variety of legal documents, including lease agreements with tenants in the commercial retail real estate portfolio managed by Combined Properties, and providing advice and counsel to the company's leasing, construction and property management departments.
 

Fort Worth, Texas -- The Weitzman Group/Cencor Realty Services announced that Cinemark Holdings will construct a 14-screen, all-digital movie theater that will feature the company's new Cinemark NextGen design concept.   

Cinemark has entered into an agreement to purchase 10 acres in Presidio Junction, a 300-acre master-planned mixed-use development of LNR Property LLC, located eight miles north of downtown Fort Worth, Texas.

New York City -- Wal-Mart Stores plans to expand its presence in the smaller cities of China, Ed Chan, CEO and president of the company’s China operations, said today at an investor meeting by video conference, Bloomberg reported.

The discounter may also buy more land to build stores in China, which it predicted will be the world’s largest grocery market by 2014, according to the report. Wal-Mart is building its seventh Sam’s Club outlet in the northeastern port city of Dalian, on the first plot of land it bought in the country.

Fort Worth, Texas -- Applebee’s Services said Wednesday it has chosen customer analytics firm Buxton to assist with the franchise system’s real estate expansion and company asset-management strategies for Applebee’s Neighborhood Grill &Bar restaurants.

Applebee’s, a DineEquity brand, will use Buxton’s Scout platform, to establish future expansion in potential franchise markets and assist in asset management decisions.