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Real Estate

  • Phillips Edison acquires center in Missouri

    Cincinnati -- Phillips Edison and Co.'s Fund IV announced its acquisition of Marketplace Shopping Center, in Independence, Mo.

    The property was purchased from Centro Properties Group and Ingrid Long and Drew Quinn of Grubb & Ellis represented the Seller on the transaction. The 241,682-sq.-ft shopping center is anchored by Price Chopper.

  • Disney’s Times Square Gambit

    Disney Store has opened its largest and most ambitious store to date -- smack in the middle of Manhattan’s Times Square. The 20,000-sq.ft., two-level Disney emporium is about five times bigger than most Disney stores, with a layout that is divided by the company’s most popular franchises.

  • Real Estate – in New York and Beyond

    Retailers and developers from around the country are preparing to attend the International Council of Shopping Centers’ New York deal-making convention in New York City on Dec. 6 and Dec. 7. Chain Store Age talked with Ivan L. Friedman, president and CEO of New York City-based retail real estate advisory firm RCS Real Estate Advisors, about what the industry has in store for the New York show and beyond.

    As retailers prepare to attend the New York deal-making show in early December, how would you describe the current state of retail?

  • Hhgregg opens Florida, Pennsylvania stores

    Naples, Fla. -- Beachwood, Ohio-based Developers Diversified Realty Corp. said that Hhgregg has joined Carillon Place, a 283,238-sq.-ft. community center in Naples, Fla., and Peach Street Square, a 676,245-sq.-ft. shopping center in Erie, Pa.

    Joining national tenants Walmart Neighborhood Market, Bealls Outlet, T.J.Maxx, Ross Dress for Less and OfficeMax, Hhgregg opened a 36,459-sq.-ft. store at Carillon Place.

    The 28,152-sq.-ft. Hhgregg store at Peach Street Square joins Lowe's, Home Depot, Kohl's, Cinemark and PetSmart.

  • Skechers opens at Miracle Mile Shops

    Las Vegas -- New York City-based Robert K. Futterman & Associates announced that Skechers has opened inside Miracle Mile Shops at Planet Hollywood Resort & Casino, in Las Vegas.

    Miracle Mile Shops at Planet Hollywood Resort & Casino is a 1.2-mile retail/entertainment complex on the Las Vegas Strip featuring 170 specialty stores, 15 restaurants and three live entertainment venues.

    It is owned by David Edelstein and Aby Rosen, in conjunction with leasing and marketing consultant Robert K. Futterman & Associates LLC. 

  • Fred’s Q3 income up 56%

    Memphis -- Fred's said Tuesday that its third-quarter net income surged 56%, partly because of its improved merchandise mix and remodeled and upgraded stores.

    The discounter’s net iFred's said Tuesday that its third-quarter net income surged 56%, partly because of its improved merchandise mix and remodeled and upgraded stores.ncome rose to $7.8 million for the period ended Oct. 30, compared with $5 million in the year ago period. The performance topped analysts’ estimates.

  • Gymboree’s $1.8 billion acquisition by Bain on track

    New York - Gymboree Corp. said Monday it did not receive any offers that top Bain Capital's $1.8 billion bid for the company and so the buyout will proceed.

    The allotted time for Gymboree to receive competing offers expired Friday.

    "Despite a broad solicitation of potentially interested parties, the Company did not receive any alternative acquisition proposals during the 'go-shop' period," Gymboree said in a statement.

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