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Real Estate

  • Jersey Gardens deploys 4.8 megawatt rooftop solar power system

    New York City -- Glimcher Realty Trust announced the completion of a 4.8-megawatt rooftop solar system at Jersey Gardens in Elizabeth, N.J. The project, which ranks among the largest rooftop systems in North America, broke ground in June 2011 and began producing power this week.

  • Dunkin’ Donuts in deal for 11 stores in Denver, eight in El Paso

    Canton, Mass. -- Dunkin' Donuts announced the signing of a multi-unit store development agreement with a newly formed subsidiary of Sizzling Platter, LLC (Sizzling Donuts, LLC) for 11 new restaurants in Denver, and eight in El Paso, Texas.

    The company also acquired two additional existing restaurants in El Paso.
     

  • McCormick and Co. to open its first-ever retail store

    Sparks, Md. -- Spice and flavoring company McCormick and Co. will open its first-ever retail location, McCormick World of Flavors, at Harborplace in Baltimore.

    The 3,800-plus-sq.-ft. store will display McCormick’s full line-up of products along with interactive and educational displays. Visitors will be invited to chart their personal flavor profile and explore the origins of spices, among other activities. The space will also include a demonstration area where McCormick's own chefs and celebrity chefs will cook using McCormick flavors.

  • Report: Barneys looks to restructure

    New York City -- Barneys New York is in discussions with its lenders about restructuring, Crain’s New York reported. Barneys, which operates nine namesake stores and 17 Co-op locations, is owned by Istithmar World, the investment arm of government owned Dubai World.

    “Barneys New York is actively engaged in discussions with the company's small group of lenders to improve its balance sheet and further position Barneys New York for sustainable, long-term growth and success,” said a Barneys spokeswoman in a statement.

  • 7-Eleven completes purchase of 55 Sam's Mart stores

    Dallas -- 7-Eleven said Tuesday it has completed its acquisition of 55 Sam’s Mart stores in the greater Charlotte, N.C., area, part of the c-store operator’s plan to accelerate its growth in the region.

    Terms of the deal have not been disclosed.

  • Wal-Mart to spend $753 million to expand Canada presence

    Mississauga, Ontario -- Wal-Mart Stores isn’t about to let the grass grow under its feet in Canada. The discounter plans to spend about $753 million this fiscal year to expand its store presence in Canada, before rival Target Corp. begins its push in the country.

  • City Creek Center to open in March

    Salt Lake City -- Bloomfield Hills, Mich.-based Taubman Co. said Tuesday that City Creek Center, a major shopping and dining destination, will open March 22 in Salt Lake City.

    The 700,000-sq.-ft. regional attraction will feature Nordstrom, Macy’s and up to 80 stores and restaurants — one third that are new to the market. The center features a fully retractable skylight roof, a skybridge over Main Street and a host of water features.

  • DDR Launches FranchiseConnect

    Beachwood, Ohio -- Shopping center owner and manager DDR Corp. announced Monday the launch of FranchiseConnect, a new online platform connecting shopping centers, franchise opportunities and entrepreneurs.

    FranchiseConnect is DDR's latest program designed to provide business opportunities to aspirational entrepreneurs. DDR recently launched Set Up Shop, a program offering flexible terms at specific locations for entrepreneurs and expanding small businesses.

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