Real Estate

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.
 

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.

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.

Matthews, N.C. -- Family Dollar Stores reported Wednesday that net income for the quarter ended Feb. 26 rose 10% to $123.2 million, compared with $112.2 million a year earlier. Results were helped in part by improved traffic and higher transaction value.

Revenue increased 8% to $2.26 billion, from $2.09 billion. Same-store sales rose 5.1%.

Earlier in March, Family Dollar turned down an approximately $7 billion buyout offer from minority shareholder Nelson Peltz's Trian Fund.

New York City -- Winick Realty Group LLC announced that HairParty 24, a 24-hour hair salon and spa with locations in New York and Seoul, has leased its second Manhattan location at the former Marc D’Orsay Salon at 450 Park Avenue South, between 30th and 31st Streets.

The space includes 1,300 sq. ft. on the ground floor and 2,000 sq. ft. in a selling basement that will be used for parties.

Chicago – Bar-and-restaurant concept Bar Louie said Tuesday it is undertaking a major national expansion initiative of more than 100 new locations in 20 markets nationwide and has appointed Jones Lang LaSalle as its exclusive real estate advisor.

Jones Lang LaSalle will work in tandem with Bar Louie’s real estate team and select brokers in various markets to leverage both tenant-favorable conditions, as well as the availability of vacant full-amenity restaurant space located within high-density urban and suburban markets.

Sacramento, Calif. -- Voit Real Estate Services announced that the Gallelli Retail Team, led by Jason K. Gallelli, has joined the Sacramento office of Voit.

In their previous role with Colliers International, The Gallelli Retail Team represented more than 50 Northern California shopping centers, as well as representing more than 25 national retailers, such as Cinemark Theatres, Best Buy, TJX Companies, Costco, Sprouts Farmers Market, Chipotle, and Panera Bread.
 

New York City -- Robert K. Futterman & Associates said it has brought Gastón Acurio's Peruvian restaurant concept La Mar to New York City's Madison Square Park, as Acurio’s company has taken over the former Tabla space at 11 Madison Ave.

RKF recently arranged the retail lease assignment, including approximately 9,000 sq. ft. on two floors, in the Credit Suisse Building on the southeast corner of 25th Street.

The restaurant is slated to open in the fall.