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Real Estate

  • SRS Real Estate announces new hire

    Dallas -- SRS Real Estate Partners said it has hired Andrew Cornwell as a research analyst in the Austin/San Antonio office.

    Prior to this role, Cornwell was an intern for SRS where he focused on research while working closely with the investment sales team.

  • Walgreens begin solar installations at Ohio stores

    Chicago -- SoCore Energy has been chosen as the solar developer to assist Walgreens in completing one of the nation’s largest solar energy rollouts. Construction of the first 20 solar installations at Ohio-area Walgreens began earlier this month, at stores in Cincinnati.

    SoCore Energy is under contract to provide 90 Ohio solar installations for Walgreens. The first 53 will be completed by Nov. 11, pushing Walgreens’ total number of solar sites to 136.

    Walgreens will lease the arrays from SoCore for 10 years.

  • Macy’s going smaller in Pittsburgh

    New York City -- Macy's is reducing the size of its store in downtown Pittsburgh from nine floors of retail space to six (plus a mezzanine).

    The company has been moving some departments to lower floors since early this year. The store will remain open during the renovations.

    "The store is being reconfigured for better flow among departments, making shopping easier and more convenient," the company said in a statement.

  • LandMark Retail Group partners with Accubranch

    Woodland Hills, Calif. -- LandMark Retail Group, a subsidiary of NewMark Merrill Cos., has partnered with Accubranch, a strategic planning and market research group that specializes in providing real estate advice to the regional banking industry.

  • Lee & Associates names execs

    Chicago -- Commercial real estate firm Lee & Associates said it has added two senior VPs to its Chicago office.

    Joseph Herron and Jason Sorce have both joined Lee & Associates Chicago as part of the firm’s expansion in the Midwest.

    The firm also recently added Robyn Smart as a senior advisor in its Indianapolis office.

    Herron joins Lee & Associates from Mid-America Real Estate Corp., where he spent 10 years as a retail broker. Sorce was previously with SRS Real Estate Partners and NAI Hiffman.

  • Walgreens to brighten Ohio stores with solar installations

    CHICAGO — Walgreens is looking to roll out solar installations at its Ohio-area stores, thanks to a new partnership with a Chicago-based solar developer.

    The retailer said that it selected SoCore Energy to provide 90 solar installations for the Ohio-based stores. The partnership began earlier this month with the construction of 20 solar installations at Walgreens stores in Cincinnati. Walgreens and SoCore Energy said that the first 53 solar installations is slated to be completed by Nov. 11.

  • Hobby Lobby and Dollar Tree to open at Cumberland Crossing

    Millville, N.J. -- Fameco Real Estate, LP said that Hobby Lobby and Dollar Tree have signed leases at Cumberland Crossing, located in Millville, N.J., bringing the shopping center to nearly 90% leased.

    Cumberland Crossing is a 258,414-sq.-ft. community center anchored by Walmart. Hobby Lobby signed a lease for 58,822 sq. ft. and Dollar Tree signed a lease for 12,000 sq. ft.
     

  • Hibbett to open nine stores in October

    Birmingham, Ala. -- Hibbett Sports announced plans to open nine stores in October.

    The locations are in Pine Bluff, Ark.; Louisville, Ky.; Ada and Grove, Okla.; Aiken, S.C.; Giddings and Nacogdoches, Texas; Grundy, Va.; and Hartford, Wis.
     

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