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Real Estate

  • Gordmans to open near Denver in 2012

    New York City -- Brixmor Property Group announced two retailers will join Arapahoe Crossings, located Aurora, Colo., a suburb of Denver.  

    Omaha-based department store retailer Gordmans is slated to open during fall 2012 with a 55,000-sq.-ft. store.  

    In early 2012, Chuck and Don’s Pet Food Outlet will open a 7,000-sq.-ft. store adjacent to King Soopers grocery store.  

  • Apple opens in Grand Central Terminal

    New York -- Apple on Friday, opened its newest Big Apple store, a 23,000-sq-.ft. outpost in the landmarked Grand Central Terminal. The company said 2,500 people were waiting in line before the opening, and the store had nearly 4,000 visitors before noon.

    The space had been previously occupied by a restaurant, which closed earlier this summer. It is Apple’s fifth location in Manhattan,

  • Illinois lawmakers reach deal to keep Sears HQ in state

    Chicago -- Illinois House leaders have agreed to pass tax breaks in order to keep Sears Holdings Corp. from abandoning its Hoffman Estates, Ill., headquarters in search of a new out-of-state home, according to Reuters.

    The deal is also designed to keep Ill.-based securities and commodities trading company CME Group in-state as well.

    The House had previously shot down the tax package. 

  • Toys “R” Us records Q3 loss

    Wayne, N.J. -- Toys “R” Us reported Friday an operating loss of $75 million for the quarter ended Oct. 29, compared with a loss of $62 million in the year-ago period. Adjusted EBITDA was $36 million, compared with $49 million in the prior year.

    Sales dipped to $2.7 billion from $2.72 billion a year earlier, and same-store sales fell 2.2% domestically and 3.9% internationally.

  • Banana Republic opens in Paris

    PARIS — Gap Inc. announced the opening of its first Banana Republic store on Avenue des Champs Élysées in Pais, France. According to the company, the 15,952-sq.-ft. space will house the brand’s women’s and men’s collections and represents the most contemporary expression of the brand globally.

  • Forever 21 set to expand in China

    New York City -- Forever 21 signed an agreement Tuesday to open a flagship in Beijing, China, one part of a plan by the fast-fashion retailer to expand into the world’s largest emerging consumer market, according to the Los Angeles Times.

    The Los Angeles-based chain will open a 24,000-sq-.ft. store in a multi-story mall located in Beijing’s central shopping district, Wangfujing, with additional stores set to open in Shanghai and Hong Kong, the report said.

  • New Era opens Los Angeles flagship

    Buffalo, N.Y. -- Lifestyle brand New Era said it has opened its eleventh global flagship store, located in the West Hollywood shopping district of Los Angeles.

    The brand’s first West Coast retail space joins current U.S. locations in New York, Chicago and Atlanta. The 3,300-sq.-ft. store will house licensed and New Era branded headwear, apparel and accessories for men, women and kids.

  • Lowe's to open customer support center in New Mexico

    MOORESVILLE, N.C. — Lowe’s announced that it plans to open a new customer support center in Albuquerque, New Mexico. The center is expected to be operational during the first quarter of 2012 and is estimated to create 250 jobs by March and a total of 600 jobs by the end of 2013.

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