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Real Estate

  • Westfield San Francisco Centre announces fashion debuts

    San Francisco -- Los Angeles-based Westfield Group said that Westfield San Francisco Centrewill welcome a lineup of new luxury retailers to the mall.

    This fall, menswear retailer Onassis Clothing will open a 2,500-sq.-ft. store. Located next to Bloomingdale’s on Level 2, the new Westfield San Francisco Centre store will be the brand’s third location and its first outside of New York.

    Burberry Brit, a casual sportswear concept, opens a standalone 2,500-sq.-ft. store selling apparel, handbags and shoes on Level 1.

  • Newly renovated AMC Theatre debuts at Chicago Ridge Mall

    Chicago -- Chattanooga, Tenn.-based CBL & Associates Properties said that a completely refreshed AMC Loews 6 Theater opens on Aug. 9 at its Chicago Ridge Mall property, located in Chicago Ridge, Ill.

    Following the opening of the newly renovated theatre are store openings over the course of the next several months. Crazy 8, Old Navy, Kids Foot Locker and Wetzel’s Pretzels are slated to open before year end, and a newly remodeled Victoria’s Secret and its new Pink boutique opened recently.

  • West Coast sports chain shows growth potential

    LOS ANGELES — With just 54 stores located throughout California, Arizona, Nevada and Utah, Sport Chalet may not appear to be much of a threat to the bigger sporting goods players, but with growing sales, particularly online, the specialty chain could prove to be something to watch out for.

  • Marcus & Millichap announces promotion

    Elmwood Park, N.J. -- Marcus & Millichap Real Estate Investment Services said it has promoted David E. Thurston to associate VP investments.

    Most recently, Thurston held the title of senior associate in the New Jersey office. He began his career at Marcus & Millichap in 1999 as the regional manager of the New Jersey office.

  • Trader Joe’s among tenants at new development in Virginia

    Charlottesville, Va. -- Columbia, S.C.-based Edens said that Trader Joe’s is among the anchor tenants of its new Shops at Stonefield development, under construction in Charlottesville, Va.

    The Shops at Stonefield will begin opening stores and restaurants in November 2012. Tenants include Williams-Sonoma, Pottery Barn, Langford Market and Trader Joe's. Edens said it is also working with local retailer Blue Ridge Mountain Sports on a new flagship store.

  • Home Depot builds up home improvement offering with USHS buy

    DALLAS and ATLANTA — The Home Depot bolstered its home improvement selection with the acquisition of U.S. Home Systems, a manufacturer of kitchen, bathroom and other remodeling products, as well as storage organization systems for closets and garages. Currently, USHS serves as the exclusive provider of kitchen and bath refacing products and services as well as closet and garage organizational systems to The Home Depot.

  • Investment law firm looking into Best Buy matter

    NEW YORK — Harwood Feffer LLP, a law firm that represents investors and investment groups, announced that it is investigating potential claims against the board of directors of Best Buy, concerning whether the board is fulfilling its fiduciary duties to shareholders in connection with an offer from the company's founder and former CEO, Richard Schulze, to take the company private.

  • Report: U.S. shopping-center industry posts healthy Q2 net income gain

    New York -- Total operating income of all shopping centers on a square-foot basis in the second quarter of 2012 rose 4.9% from the same quarter last year, while operating expenses rose by a larger 5.8%, according to a new quarterly shopping-center benchmarking report from The National Council of Real Estate Investment Fiduciaries (NCREIF) and the International Council of Shopping Centers (ICSC).

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