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Real Estate

  • Schimenti Construction tapped to build new Victoria’s Secret

    Ridgefield, Conn. -- Victoria’s Secret has selected Schimenti Construction to build its store located in the Quaker Bridge Mall, Lawrenceville, N.J.
     
    Construction of the 13,500-sq.-ft. store is scheduled to begin mid-June and is scheduled for completion in October. The architect for the project is Fitch, Scottsdale, Ariz.
     

  • Walmart's Mexican expansion delay has international implications

    The timing of store openings in Mexico and Central America will be delayed by as much as 90 days due to what the company described as “process changes” that will increase the time required to open a store.

    Wal-Mart de Mexico, S.A.B. de C.V. in an update to its expansion program disclosed to the Mexican Stock Exchange that it contemplated completing its 2012 expansion program 60 to 90 days later than originally planned. As a result new store openings for the current year will now range between 325 and 335 units.

  • Costco international exec says chain looking to open stores in Europe

    Issaquah, Wash. -- Costco Wholesale Corp.’s international executive VP James Murphy said Thursday that the warehouse club operator is pursuing a European expansion program.

    Murphy told Bloomberg that Costco is “interested in investing in the obvious four -- Germany, Italy, France and Spain.” The company hasn’t decided which country would debut first and will probably open a store in the region “in the next couple of years,” Murphy said in the Bloomberg interview.

  • Largest Sears Canada Home store to open in Ottawa

    Ottawa, Ontario -- Sears Canada has opened its largest Sears Home store at Pinecrest Shopping Center. The store will occupy 78,0000 sq. ft. and feature an expanded selection of furniture as well as the largest major appliance and mattress inventory of any Sears location.

    "The opening of the Sears Home store at Pinecrest is another in a series of transformational milestones for Sears Canada," said Calvin McDonald, president and CEO, Sears Canada.

  • Mexican expansion delay has international implications

    The timing of store openings in Mexico and Central America will be delayed by as much as 90 days due to what the company described as “process changes” that will increase the time required to open a store.

    Wal-Mart de Mexico, S.A.B. de C.V. in an update to its expansion program disclosed to the Mexican Stock Exchange that it contemplated completing its 2012 expansion program 60 to 90 days later than originally planned. As a result new store openings for the current year will now range between 325 and 335 units.

  • TNP acquires Bloomingdale Hills in Tampa, Fla., suburb

    Irvine, Calif. -- TNP Strategic Retail Trust said Friday it has acquired Bloomingdale Hills, a 13-acre retail center in the Tampa, Fla., suburb of Riverview.

    TNP is a public non-traded REIT that invests in grocery and drugstore anchored, multi-tenant necessity retail properties and other real estate-related assets.

    Bloomingdale Hills comprises about 78,500 sq. ft. of rentable space, as well as a fully improved, undeveloped land parcel.

    The center is anchored by Wal-Mart Neighborhood Market and is 100% leased.
     

  • RECon 2012 left landlords and tenants anticipating what’s to come

    A heat wave washed over Las Vegas just in time for the International Council of Shopping Centers’ annual RECon event May 20-23 — and the mood inside the Las Vegas Convention Center was just as elevated.

    “I am very bullish on this year’s RECon,” said Andy Graiser, co-president of A&G Realty Partners, Melville, N.Y. “Growth is becoming evident in most all categories, and it’s smart growth.”

  • That was fast: Von Mauer outgrows e-commerce facility

    DAVENPORT, Iowa — Von Mauer may not be a household name in the retail world, but the Davenport, Iowa-based department store chain must be doing something right with its online business.

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