Real Estate

Canton, Mass. -- Casual Male Retail Group reported Thursday that net income for the quarter ended Jan. 28 surged to $33.5 million, from $5.3 million in the year-ago period. Without a $23 million trademark impairment charge, net income was $5 million in the quarter.

The retailer of big & tall men's apparel and accessories also reported flat fourth quarter sales of $111.5 million and a slight same-store sales increase of 0.8%.

Los Angeles -- New York & Co. reported Thursday a loss of $10.9 million in the fourth quarter, compared with net income of $14.9 million a year earlier.

Sales dropped to $271.8 million, from $303.2 million in the same quarter last year, missing Wall Street’s expected $275 million in revenue. Same-store sales fell 6.3%.

Looking ahead, the retailer said it expects to open 11 outlet locations and one full-price store in the first quarter of 2012, as well as

Chain Store Age editor-in-chief Marianne Wilson and I go to great lengths to report new store openings on Chainstoreage.com. We pore through convoluted retail financial statements – sometimes twice daily – to uncover news that a chain has its sights set on even a little net new store growth for the year ahead.

I reported earlier today that Urban Outfitters, despite a challenging fourth quarter that saw profits cut nearly in half from the year before, was planning as many as 60 new stores in fiscal 2013.

Alabama’s number-one shopping destination can now say that it is not only getting a new Von Maur department store, but also a full-scale renovation.

General Growth Properties and Jim Wilson & Associates’ Riverchase Galleria, located in Hoover, Ala., has unveiled a massive redevelopment project that will include expansive updates, modernization, and enhancement of both the interior and the exterior of the property.

Schaumburg, Ill. -- GoldMax USA, which specializes in buying gold and precious metals from consumers, announced Tuesday that it plans to open up to 100 new stores in the United States in 2012, adding to its current 200+ store total.

The retailer debuted in Texas with the recent opening of two stores in the Dallas–Fort Worth metropolitan area, and another two will open in the next 30 to 60 days.

GoldMax opened its first Minnesota store (in Roseville) as well, and is under way with a new store at the Mall of America in Bloomington.

Dallas -- SRS Real Estate Partners announced that new leadership in the Houston office has been put in place to help strengthen the firm’s presence throughout central and south Texas.

Todd Wallace and Robert O’Farrell have been named co-market leaders for the Houston office, focusing on growth via building its retail brokerage team.

Wallace and O’Farrell currently lead the Austin and newly established San Antonio offices as well. With this leadership change, Wallace and O’Farrell will be leading all the offices.

Indianapolis -- Kite Realty Group announced that Subway has leased 1,600 sq. ft. at Traders Point II, located in Indianapolis.

Traders Point is a 395,435-sq.-ft. shopping center anchored by Bed Bath & Beyond, Books-A-Million, Dick’s Sporting Goods, Marsh Supermarket, Michael’s, Old Navy, PetSmart and AMC Theatre.

Indianapolis -- Simon Property Group announced that it will acquire a 28.7% equity stake in Klépierre from BNP Paribas for approximately $2 billion.

Klépierre is a Paris-based real estate company that focuses on the ownership, management and development of shopping centers, retail properties and offices across Continental Europe. Klépierre’s portfolio includes 271 shopping centers in 13 countries, with 50% of its properties in France and Belgium, 25% in Scandinavia, and the balance in Central and Southern Europe.