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Real Estate

  • DOE recognizes new energy standard

    New York City -- Commercial and high-rise residential buildings, along with federal buildings, must now meet requirements in the ASHRAE/IES 2007 energy standard after rulings issued by the Department of Energy.

    Prior to the new rules, federal and commercial buildings had to meet requirements in the 2004 standard.

  • New Stop & Shop to pursue LEED certification

    Quincy. Mass. -- Stop & Shop Supermarket Co. on Saturday will open its third location in Cranston, R.I. The new store will pursue LEED (Leadership in Energy and Environmental Design) certification in the coming months.

    The new Stop & Shop was built with a range of energy-efficient features, including a fabric duct ventilation system (from DuctSox). The application, designed to provide more uniform airflow is first of its kind use for Stop & Shop.

    Other energy-saving features include:

  • Leonard Green and CVC complete acquisition of BJ’s

    Westborough, N.H. -- Private equity firms Leonard Green & Partners and CVC Capital Partners on Friday completed their $2.8 billion acquisition of BJ's Wholesale Club. The move, which takes the chain private, sets the stage for a stock delisting, effective Monday before the markets open.

    The deal was announced in late June after months of speculation. BJ’s shareholders approved the buyout on Sept. 9. The chain currently operates 190 warehouse clubs in 15 states.
     

  • Zumiez opens new store at Cherry Hill Mall

    Cherry Hill, N.J. -- As part of the $200-million redevelopment of Cherry Hill Mall, in Cherry Hill, N.J., Zumiez has added a 2,444-sq.-ft. store near the Grand Court of the mall.

    The Pennsylvania Real Estate Investment Trust (PREIT) property also added shoe retailer Traffic with a 1,500-sq.-ft. store in the J.C. Penney wing, and natural food retailer Pure Health Bar is slated to open in November.

  • DSW ups Western U.S. presence

    Columbus, Ohio -- DSW said Thursday that it opened two new stores on Sept. 28.

    A new store opened at Vintage Oaks Shopping Center in Novato, Calif., and a new store opened the same day in Boise, Idaho, at Franklin Towne Plaza.

     

  • T-Mobile USA to roll out new design for 400 U.S. stores

    Bellevue, Wash. -- T-Mobile USA announced Thursday the rollout of a new global design for nearly 400 new and remodeled stores across the country. The move follows successful test pilots in Tukwila, Wash., and in New York City at Seventh Ave. and 48th St.,

    T-Mobile said it adopted the new design format from its parent company, Deutsche Telekom AG, which has received positive customer feedback for this new design in retail stores across Europe.

  • Yogurtini opens first of 10 southern Florida self-serve outlets

    Tempe, Ariz. -- Self-serve frozen yogurt concept Yogurtini said Thursday it will open the first of 10 stores planned for the southern Florida area.

    A unit in Coral Springs, Fla., will open on Oct. 1, marking the first of 10 franchise locations through an area-development deal with Emilio and Javier Braun.

    The brothers, who are based in Miami, are in the process of opening stores in Davie, Fort Lauderdale and the Hammocks Community in South Miami-Dade County.
     

  • Mixed-use makes for good retail

    As part of our in-depth coverage of mixed-use developments – see the October 2011 issue of Chain Store Age – we talked with Rob Wetherald, VP development for Peoria, Ill.-based Cullinan Properties, Ltd., owner and developer of the Streets of St. Charles mixed-use project in metro St. Louis, about how the format draws, and supports, retail.

    How important are design and amenities to today’s mixed-use projects, especially with regard to the retail component?

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