Real Estate

Cherry Hill, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) announced that cosmetics retailer Lush will open a new store at Cherry Hill Mall, in Cherry Hill, N.J.
 
The new 860-sq.-ft. store is located in the Macy’s wing of the mall.

Moorestown, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said Friday that Sakura House has opened a 980-sq.-ft. Japanese eatery at Moorestown Mall, located in Moorestown, N.J.

The new location, in the Food Court, joins the recently opened Bubby’s Brisket and Elevation Burger.

Old Bridge, N.J. -- R.J. Brunelli & Co. said Thursday that it has completed a series of leases that will bring major retailers, restaurants, recreational facilities and personal services to sites in Middlesex, Monmouth, Ocean, Mercer, Union, Essex, and Bergen counties in central and northern New Jersey.

New York City -- Building upon the momentum in retail real estate in the recovering economy, Chain Store Age has debuted a new community-oriented “micro-site” for retail real estate executives and shopping center developers. Called “Community” and accessible from chainstoreage.com, the new site offers such features as project of the week, mall marketing spotlight, and bylined articles from industry experts.

Columbia, S.C. -- Edens & Avant has announced the promotion of Carol Hall to VP portfolio management. In her new position, she will be responsible for creating value through the delivery of technology-enabled process and analytical tools to the investment management, property management and leasing teams.

Houston -- Square Mile Capital Management and Pacific Retail Capital Partners, owners of West Oaks Mall in Houston, announced an agreement with Regal Entertainment Group to bring its Edwards Theatres to the center with a 14-screen multiplex.

The Edwards Theatre will be the entertainment anchor for the redevelopment of the mall.

MATTHEWS, N.C. -- Family Dollar Stores announced that it will continue to implement its strategic plan. The decision was agreed upon unanimously by the company's board of directors who decided the strategic plan was the best way to deliver value to all Family Dollar shareholders.  The company also reported that it would not entertain the proposal from Trian Group to acquire Family Dollar and that pursuit of a sale of the company is not in the best interest of shareholders.  

New York City -- Some landlords, vendors and other unsecured creditors of Blockbuster are objecting to Blockbuster's plan to sell itself because they fear they won't be paid what they are owed, according to the Associated Press.

A hearing to approve the stalking horse bid and auction was originally scheduled for Wednesday, but was postponed late Tuesday until March 10 while the judge considers the objections.