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Real Estate

  • Sears Holdings names real estate leader

    Hoffman Estates, Ill. -- Sears Holdings Corp. announced Tuesday that it has named David Lukes as president, real estate development for the company.

    Lukes was previously president and CEO of real estate firm Mall Properties.

    Lukes has been charged with leading Sears’ efforts to further develop its real estate assets, including those that are now non-retail.

  • Bon-Ton to open Herberger’s in Pocatello, Idaho

    York, Pa. -- The Bon-Ton Stores has signed a lease with General Growth Properties to open a Herberger’s in Pine Ridge Mall, Pocatello, Idaho.

    Remodeling is expected to begin in April 2012 and be completed by the end of October 2012.

    The Pine Ridge location will be the first store in Idaho for the company.
     

  • Zara takes Manhattan

    Zara, part of Spain’s Inditex Group, has opened its biggest U.S. location, a 32,000-sq.-ft., three-level flagship on a primo stretch of Manhattan real estate: Fifth Avenue at 52nd Street. The store is part of a 90,000-sq.-ft. retail condominium that also houses Hollister and Uniqlo flagships.

  • PriceSmart to open third location in Columbia

    San Diego -- PriceSmart announced that it has purchased land on which it will build a PriceSmart Warehouse Club in North Cali, Colombia. It would be the company’s third store in Colombia.

    PriceSmart recently began construction of a location in South Cali, that is expected to open in October 2012. It anticipates the North Cali PriceSmart Club will open in the spring of 2013.
     

  • More store closings for Sears

    HOFFMAN ESTATES, Ill. — Select Sears hometown dealer stores and Sears Hardware stores were the latest to hit the chopping block at Sears Holdings, as the company continues to implement plans to reduce expenses. The company revealed in a Wednesday document that it will close 43 Sears hometown dealer stores and 10 Sears Hardware stores over the first half of 2012.

  • More store closings for Sears

    HOFFMAN ESTATES, Ill. — Select Sears hometown dealer stores and Sears Hardware stores were the latest to hit the chopping block at Sears Holdings, as the company continues to implement plans to reduce expenses. The company revealed in a Wednesday document that it will close 43 Sears hometown dealer stores and 10 Sears Hardware stores over the first half of 2012.

  • Dollar General appoints executive VP store operations

    Goodlettsville, Tenn. -- A former Safeway executive has joined Dollar General as its executive VP store operations.

    Effective March 19, Greg Sparks will assume all responsibilities for the operations of more than 9,900 retail stores in 38 states and serve on Dollar General's real estate and store development committee, the company said. Sparks will report to chairman and CEO Rick Dreiling.

    Sparks most recently served as president of Safeway's Seattle division. His departure from the supermarket retailer was announced earlier this week.

  • Former Safeway exec to head store ops at Dollar General

    GOODLETTSVILLE, Tenn. — A former Safeway executive has joined Dollar General as its EVP store operations.

    Effective March 19, Greg Sparks will assume all responsibilities for the operations of more than 9,900 retail stores in 38 states and serve on Dollar General's real estate and store development committee, the company said. Sparks will report to chairman and CEO Rick Dreiling.

    Sparks most recently served as president of Safeway's Seattle division. His departure from the supermarket retailer was announced earlier this week.

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