Real Estate

New York City -- Microsoft on Thursday opened a store in Bellevue, Wash., close to its headquarters in Redmond.

It is the company’s seventh store to date, but more expected, according to the Wall Street Journal. The company expects a “pretty aggressive roll-out schedule” of new stores next year, the report said.

Miami -- Haagen Dazs and Gelosia are slated to open at The Palms at Town & Country, in Miami, in mid-November. Haagen Dazs will open a 960-sq.-ft. ice cream store, and Gelosia will open a 1,040-sq.-ft. location.

The Palms at Town & Country, owned by TIAA-CREF, being redeveloped by Flagler Development Group and managed by Jones Lang LaSalle Retail, is home to retailers such as Nordstrom Rack, Loehmann's, New York & Co., Marshall's, Men's Wearhouse, Publix and Shaq's 24 Hour Fitness.

Bentonville, Ark. -- Wal-Mart Stores said Thursday it will open its first four stores in Washington, D.C., as part of the retailer’s effort to increase its urban expansion stride.

Wal-Mart said it plans to open the smaller-format urban stores in Washington, D.C. in late 2012, and said it has met little resistance from the area. The retailer said its poll of 800 locals found nearly three-quarters of Washingtonians favored Wal-Mart coming to the city.

Chesapeake, Va. -- Dollar Tree said Thursday that net income for the quarter ended Oct. 30 rose 37% to $93.2 million, from $68.2 million in the year-ago period.

Consolidated net sales for the third quarter were $1.43 billion, a 14.2% increase from $1.25 billion a year earlier. Same-store sales increased 8.7%.

During the third quarter, Dollar Tree opened 86 stores, expanded or relocated 27 stores, and closed two stores. The company currently operates 4,009 stores in 48 states.

Chicago -- U.S. Equities Realty said that Sbarro will open six new quick-service Italian restaurants at the Illinois Tollway Oases.

Sbarro restaurants will open at the Belvidere, Des Plaines, Hinsdale, Lake Forest, Lincoln and O’Hare Oases, and will vary in size from 700 sq. ft. to 1,240 sq. ft., for a total of 6,360 sq. ft.

Greensboro, N.C. -- New York City-based Centro Properties Group said that Christmas Tree Shops has opened a 33,500-sq.-ft. store at Wendover Place Shopping Center, in Greensboro, N.C. 

Centro Properties Group is the owner of Wendover Place.
 

San Francisco -- Continuing its global expansion, Gap announced a franchise agreement to introduce its namesake Gap brand in South America. The first Gap store is expected to open in Santiago, Chile, in the Parque Arauco mall, in September 2011.

Gap has signed a franchise agreement with Komax, for exclusive rights to operate Gap brand stores in Chile. Komax will purchase merchandise from Gap and must adhere to the company’s quality standards.

Raleigh, N.C. -- Jacksonville, Fla.-based Regency Centers said it has leased restaurant space in Raleigh, N.C., at Market at Colonnade to Panera Bread.

Panera has leased 4,000 sq. ft. and is slated to open in spring 2011.

Market at Colonnade is a 57,511-sq.-ft. shopping center anchored by a 40,000-sq.-ft. Whole Foods Market.