Real Estate

Virginia Beach, Va. -- Divaris Real Estate announced Tuesday the appointment of Eric Bucklew as general broker for its Virginia Beach office.

Bucklew will focus on retail sales and leasing services to support the expansion of DRE's portfolio of leased and managed properties in the Hampton Roads, Va., region.

Jacksonville, Fla. -- Regency Centers said Monday it has acquired Rockridge Center, a 125,213-sq.-ft. grocery-anchored neighborhood center in Plymouth, Minn.

The property was purchased in an off-market transaction for $20.5 million from private real estate development company Hempel Properties.

This is the second grocery-anchored shopping center acquisition by Regency within 45 days.

CITY OF COMMERCE, Calif. — 99 Cents Only Stores reported that its consolidated net income for the first quarter of fiscal 2012 was $17.7 million, or 25 cents per diluted share, compared with $16.8 million, or 24 cents per diluted share, for the prior year.

City of Commerce, Calif. -- Discount retailer 99 Cents Only Stores reported Monday that net income for the quarter ended July 2 rose to $17.7 million, from $16.8 million in the year earlier period.

Total revenue rose 6.3% to $368.3 million, from $346.5 million a year ago. Same-store sales rose 5.9%.

Virginia Beach, Va. -- Divaris Real Estate announced Tuesday the appointment of Eric Bucklew as general broker for its Virginia Beach office.

Bucklew will focus on retail sales and leasing services to support the expansion of DRE's portfolio of leased and managed properties in the Hampton Roads, Va., region.

Philadelphia -- Pennsylvania Real Estate Investment Trust announced that almost half-a-million sq. ft. of leasable space was signed or opened across its mall portfolio since the end of April.

According to PREIT, leases have been executed with J.C. Penney, Nordstrom Rack, Bravo Cucina Italiana and Forever 21 at Willow Grove (Pa.) Park, in the reconfigured space formerly occupied by Strawbridge’s.

ENGLEWOOD, Colo. — Children will be returning to school in a matter of weeks, and many of them will be joining or returning to some sort of sporting activity. Enter Sports Authority, which is answering the need for sporting goods by opening six news stores on Aug. 13. The six new stores will open in five states nationwide, in the major markets of Miami, Los Angeles, Salt Lake City, Chicago and Milwaukee, the company reported.

The store locations will be as follows:

• Miami Beach, Fla. at 3401 N. Miami Ave.

Bloomfield Hills, Mich. -- Shopping center owner Taubman Centers reported Monday that its Taubman Asia division will acquire 90% controlling interest in TCBL Consulting Limited, a Beijing-based retail real estate consultancy with seven offices in mainland China.