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Real Estate

  • Dick's Sporting Goods Q3 profit falls

    Pittsburgh -- Dick’s Sporting Goods’ net income for the quarter ended Oct. 30 dropped to $16.9 million, compared with net income of $18.9 million for the year-ago period.

    Sales rose 9% to $1.08 billion, from $990 million.

    Same-store sales increased 5.1%, with a 3.8% increase in Dick’s Sporting Goods stores, a 2.4% increase in Golf Galaxy and an 82.4% increase in e-commerce.

  • American Eagle Outfitters set to unveil SoHo flagship

    New York City -- American Eagle Outfitters will open second flagship in Manhattan. The new SoHo store will open Tuesday, Nov. 9.

  • McShane Construction awarded parking deck project at Randhurst Village

    Rosemont, Ill. -- McShane Construction Co. said Tuesday it has been awarded a three-story, 586-space parking structure project on behalf of developer Casto Lifestyle Properties. 

    The new construction assignment is located at Randhurst Village in Mount Prospect, Ill., a 100-acre, mixed-use redevelopment project of the former Randhurst Mall that will feature retail, dining, entertainment and hospitality components.

  • Lowe's earns $404 million in "slow-growth" Q3

  • Report: Retail rents jump in NYC tourist hot spots

    New York City -- Asking rents for retail spaces in New York City hot spots are rising in certain corridors, according to The Real Estate Board of New York’s (REBNY) Fall 2010 Retail Report.

    According to the report, since spring 2010, retail asking rents climbed 21% to $1700 per square foot in the Times Square corridor defined by Broadway and 7th Avenue between 42nd and 47th Streets.

  • Dick’s Sporting Goods opens at The Fountains

    Beachwood, Ohio -- Developers Diversified Realty Corp. announced the opening of Dick's Sporting Goods at The Fountains, a completely redeveloped 477,343-sq.-ft. community shopping center located in Plantation, Fla.

    Dick's Sporting Goods joins Kohl's, which opened in 2009, as one of the first new tenants at the redeveloped center. In addition, Jo-Ann fabric and craft stores will open a 20,000-sq.-ft. store and Lime Fresh Mexican Grill will open a 2,160-sq.-ft. restaurant early in 2011. The center also features Marshalls and HomeGoods and is 93% leased.

  • JCPenney big-and-tall division to launch new retail concept

  • Kroger to spend $15 million on store renovations

    Cincinnati -- A Monday report by the Cincinnati Business Courier said that Kroger Co. is planning to spend about $15 million to renovate four stores in the Cincinnati area in 2011.

    The grocery retailer said it plans to renovate stores in Westwood, Madeira and Montgomery, Ohio, as well as a store in Cold Spring, Ky.

    The Westwood and Montgomery locations are scheduled for renovation in the first half of 2011, while Kroger is still finalizing the renovation plans for the Madeira and Cold Spring stores.

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