Real Estate

Boynton Beach, Fla. -- Indianapolis-based Simon Property Group announced that Stardust Arcade, an adult penny redemption arcade, has opened at Boynton Beach Mall, in Boynton Beach, Fla.

The 10,000-sq.-ft. space features 150 machines within a Las Vegas-style setting showcasing faux Roman columns, marble details and hand-painted Greek themed murals created by Florida Atlantic University’s Arts Professor Jim Crane and his fine art students.

Corona, Calif. -- The Promenade Shops at Dos Lagos, in Corona, Calif., announced it has changed its name to The Shops at Dos Lagos. This change kicks off the branding re-launch and includes a new logo design, website design, URL address to ShopDosLagos.com, and signage.

MATTHEWS, N.C. -- Family Dollar Stores announced that it has named Brad Rogers to the position of VP real estate development. Rogers will report to Keith Gehl, SVP real estate and facilities.

“Accelerating new store growth is a key element of our strategic agenda,” said Gehl. “Through Brad’s leadership we will continue our aggressive growth in both new and existing markets to provide budget-conscious customers with a compelling shopping experience in more areas of the country.”

Princeton, N.J. -- NAI Global said that Jay B. Olshonsky has joined the NAI Global New York City team as executive VP and COO.
 
Olshonsky previously was COO at NAI Friedland Realty, NAI Global’s Westchester County affiliate. He joined the NAI network in 2010 after 15 years with CB Richard Ellis, where he served as managing director in charge of its Washington, D.C., brokerage operations.

Matthews, N.C. -- Family Dollar Stores announced Monday that it has named Brad Rogers to the position of VP real estate development.

Rogers will report to Keith Gehl, senior VP real estate and facilities.

Rogers began his career at Family Dollar in 1998 as real estate manager. Since joining the company, he has held additional roles in the real estate division, most recently serving as regional VP of the real estate portfolio and new stores.
 

From where I sit, I’ve noticed a certain “buzz” of optimism in our industry -- frustrations and anxieties from a tough couple of years seem to be giving way to increasingly sunny retail sales forecasts. Is this sudden sense of optimism justified by cold, hard facts? Or, is this increasing sense of optimism somewhat irrational?

Oakbrook Terrace, Ill. -- Mid-America Asset Management said that several retail leases have been completed at six shopping centers in Chicago’s western suburbs. Mid-America is the exclusive leasing representative of each of the centers.

The Shops at South Elgin (South Elgin, Ill.) signed a lease for 6,604 sq. ft. with independent health food/vitamin retailer Fruitful Yield, to expand the current tenant’s space by 3,264 sq. ft. The newly expanded store is expected to open June 1.

Oxnard, Calif. -- New York City-based Centro Properties Group announced that Wet Seal has opened a 6,000-sq.-ft. store at Esplanade Shopping Center, located in Oxnard, Calif. 

The new store celebrated its grand opening on April 16.

Centro Properties Group is the owner of Esplanade Shopping Center.