Real Estate

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.

San Francisco -- The Gymboree Corp. reported Monday that net income for the quarter ended Oct. 30 dipped slightly to $34.4 million, compared with net income of $34.8 million in the year-ago quarter.

Revenue increased 4% to $280.9 million, compared with $269.1 million in the prior year. 

Same-store sales decreased 4%.

Atlanta -- Midwest department store operator Von Maur will enter the Atlanta market, taking over a fomer Belk’s space at North Point Mall in Alpharetta, Ga., pending approval by the city's design review board, Atlanta Business News reported.

Sylvania, Ohio -- Sylvania Sports World announced it has opened a 12,800-sq.-ft. store at Starlite Plaza, located in Sylvania, Ohio.

The shopping center is owned by New York City-based Centro Properties Group.

Northbrook, Ill. -- Pine Tree Commercial Realty announced it has acquired Loch Leven Plaza in the Orlando, Fla. suburbs, expanding Pine Tree’s portfolio to include the state of Florida.

The company purchased the Publix-anchored shopping center in Mt. Dora, Fla., on Nov. 5. Pine Tree will be handling the property management and leasing for the center.

Publix occupies 54,340 sq. ft. at the new plaza and opened last May. The center, which was completed in March, is 99% leased.

Winter Park, Fla. -- Orlando, Fla.-based Crossman & Co. said that Publix will open a new store at Aloma Shopping Center, in Winter Park, Fla., on Nov. 18.

The original store was demolished last April and the newly constructed store has been expanded by more than 5,000 sq. ft. The new 47,000-sq.-ft. facility includes a liquor store.

Crossman & Co. has been overseeing the redevelopment of the property and handles the leasing and management at the shopping center. 

Chevy Chase, Md. -- Steuart Investment Co. said that Giant Food has signed a lease to anchor a mixed-use project slated for development in Washington, D.C.

The project, called 360º H Street, is a nearly 290,000-sq.-ft., LEED-certified development and features street-level retail topped by 215 rental units. Torti Gallas and Partners, Inc. of Silver Spring is the architect.