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Real Estate

  • Conn’s loses $3.4 million in Q4, partly due to store closings

    Beaumont, Texas -- Conn's said Thursday that it lost $3.4 million in its fiscal fourth quarter, reflecting charges tied to planned store closings and other items.

    Conn's, which sells consumer electronics, home appliances, furniture, mattresses and lawn and garden products, operates 76 stores in Texas, Louisiana and Oklahoma. It plans to close five underperforming stores and let the leases expire for two additional locations.

  • Combined Properties names legal exec

    Washington, D.C. -- Combined Properties announced that Jessica Berets has joined the company as Assistant General Counsel. 

    Berets will be responsible for drafting, negotiating and consummating a variety of legal documents, including lease agreements with tenants in the commercial retail real estate portfolio managed by Combined Properties, and providing advice and counsel to the company's leasing, construction and property management departments.
     

  • Edens & Avant announces new hires

    Columbia, S.C. -- Edens & Avant announced it has appointed Peter Melmed as VP construction and development. 

    Melmed will be based in Bethesda, Md., and will oversee the construction of large-scale development and redevelopments throughout the Edens & Avant portfolio.

    Prior to joining Edens & Avant, Melmed was a real estate consultant at PJM Realty.

  • Nordstrom Rack to open in Boise, Idaho

    Seattle -- Nordstrom announced plans to open a Nordstrom Rack in Boise, Idaho.

    The 37,000-sq.-ft. store will be part of the Boise Towne Plaza shopping center and is expected to open in spring 2012.

  • Cinemark to open new 14-screen theater at Presidio Junction

    Fort Worth, Texas -- The Weitzman Group/Cencor Realty Services announced that Cinemark Holdings will construct a 14-screen, all-digital movie theater that will feature the company's new Cinemark NextGen design concept.   

    Cinemark has entered into an agreement to purchase 10 acres in Presidio Junction, a 300-acre master-planned mixed-use development of LNR Property LLC, located eight miles north of downtown Fort Worth, Texas.

  • Charming Charlie opening at Patriot Place

    Foxborough, Mass. -- Patriot Place shopping center, located in Foxborough, Mass., announced that Charming Charlie boutique opened today, its first location in Massachusetts.

  • Sunflowers Farmer Market to enter California

    Boulder, Col. -- Sunflowers Farmer Market plans to open its first location in California on May 11, in Roseville, which is in the northern half of the state.

    Sunflower operates 33 stores in Colorado, Arizona, New Mexico, Nevada, Utah and Texas.
     

  • More food competition from Target

    The PFresh initiative at Target, which results in the addition of fresh food and an expanded offering of consumables, arrived in more Target discount stores last month, further elevating the competitiveness with Walmart supercenters.

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