Real Estate

Las Vegas -- Nike announced Thursday that its new 30,000-sq.-ft. concept store, an expanded iteration of the original, will open in July at The Forum Shops at Caesars, in Las Vegas.

The expanded location will deliver new customer experiences, market-tailored products, community resources and the introduction of team customization services, according to Nike.

Plymouth Meeting, Pa. -- Fameco Real Estate, L.P. announced that Visionworks, a division of Eye Care Centers of America, has signed four new leases in the Central Pennsylvania region as part of its store roll-out campaign.

Each of the new stores is slated to open in late summer 2011. The stores will be located at The Viewmont Mall in Dickson City, Silver Spring Shopping Center in West Harrisburg, Mill Creek Shopping Center in Lancaster and Delco Plaza in York.
 

San Francisco -- Gap announced Wednesday that it will open its first Gap store in Egypt this July, and its first Gap and Banana Republic stores in Morocco in October.

The move is part of the retailer’s global expansion strategy that calls for doubling its franchise stores to 400 by fiscal year 2014.

Gap started shipping to Egypt, Morocco and South Africa in 2010, but these stores are the first on the continent.

SAN FRANCISCO — Gap Inc. announced that it plans to open its first Gap store in Egypt this July and its first Gap and Banana Republic stores in Morocco this October. These store openings will mark the company’s first entry into Africa.

As part of an existing franchise agreement with The Fawaz Al Hokair Group, Gap will open its first Egyptian store in the Mall of Arabia in the capital city of Cairo. Two additional Gap stores will open at Cairo’s City Stars Mall and Sun City Mall this October.

Rochester, N.Y. -- Wegman’s Food Markets, said Thursday it has broken ground on a 123,070-sq.-ft. grocery supermarket in The Village at Valley Forge in King of Prussia, Pa.

A lease has also been signed for Next Door Bar & Grill, a restaurant concept owned by Wegman’s Food Markets for 12,000 sq. ft. on an adjacent parcel in the mixed-use development.

Costa Mesa, Calif. -- Donahue Schriber announced Wednesday the promotion of three executives to senior VP status.

In their new roles, Henry Avila, senior VP asset management, Heather Beal, senior VP leasing, and Scott Lawrence, senior VP construction, will work closely with Donahue Schriber’s executive committee on future decisions affecting the company.

New York City -- O'Neill Clothing, a surf, snow and youth lifestyle brand, will open a flagship in Santa Monica, Calif., on July 8.

Inspired by the oceanfront home of company founder Jack O'Neill's, the store is designed to offer an authentic environment to illustrate the brand’s lifestyle. Window displays showcase one-of-a-kind artwork from O'Neill employees and friends, and the interior is lined with various photography from past decades and current advertising campaigns.

Teen apparel retailer rue21 is celebrating the opening of its 700th store, in New Braunfels, Texas. The chain is on track to open 110 locations this year. Commented president and CEO Bob Fisch: “We remain one of the fastest growing retailers in the nation. I would like to thank our real estate, construction and field teams and recognize their hard work, which allows us to celebrate another significant milestone for rue21."