Real Estate

Petco to unveil four new stores this month
August is a busy month for Petco, as the pet specialty retailer will celebrate the grand opening and re-opening of four stores, including one new location, one remodeled store and two store relocations.
Children’s lifestyle brand acquired with plans to expand retail footprint
A premium children’s brand is planning a growth spurt. Private equity firm L Catterton has acquired Hanna Andersson for an undisclosed sum, with the intent of expanding the Swedish children’s apparel retailer across its channels. Hanna Andersson currently operates a robust e-commerce and catalog business in addition to 55 retail stores and 11 outlet locations.

Outdoor retailer finds third home in Virginia

When the new L.L. Bean store opened at Lynnhaven Mall this summer, it did so to lines wrapped around the building as shoppers waited to see the state of Virginia’s third store for the outdoor retailer. The 17,138-sq.-ft. store in Virginia Beach joins outposts in Richmond and Tysons Corner; it was designed by Cuhaci & Peterson in a former Lord & Taylor space which was renovated by KBE Building Corp.
Report: Retailers re-focus on investing in physical stores
Bass Pro Shops raises the walls at ONE DAYTONA

In its race to open by early 2017, Bass Pro Shops has launched vertical construction on its 67,000-sq.-ft. outpost at ONE DAYTONA, the retail, dining and entertainment extravaganza underway across from the Daytona International Speedway. Bass Pro Shops’ general contractor EMJ Construction utilized a 200-ton track crane to raise 30 panels that represent the walls of the structure.
Saddle Brook Square reaches 100% occupancy

With the addition of Jembro Stores and Cricket Wireless, Saddle Brook Square – in Saddle Brook, New Jersey – has reached full occupancy, according to brokerage firm Ripco Real Estate, which has led the leasing efforts. The 221,892-sq.-ft. shopping center is anchored by Walmart, TJ Maxx, Modell’s, and 24 Hour Fitness. Jembro Stores, a regional discount retailer, will occupy 5,280 sq. ft. adjacent to TJ Maxx. Cricket Wireless occupies 2,100 sq. ft.
Stirling to build new medical complex, more commercial in south Louisiana

As part of its ongoing commitment to development in the state, Stirling Properties has acquired nearly 12 acres of land in St. John the Baptist Parish for development of a new medical facility and additional commercial development. The site is located at the northwest corner of W. Airline Highway and N. Sugar Ridge Road in LaPlace, Louisiana.
Under Armour founder: Build it and they will come?

The man behind Under Armour has big plans for Baltimore -- so big, in fact, that local leaders say his ideas could revitalize the city, or not. Click here for more.
Report: Retail construction declines in June, but first half up year-over-year

Construction spending in the retail sector saw a dip in June, according to a report by the Associated General Contractors of America, but the first half of the year recorded an overall gain. Commercial (which includes retail, warehouse and farm) construction declined 1.6% in June, per the report, but climbed 8.6% year-to-date. Association officials said spending appears to have leveled off after a strong early start to the year prompted by mild winter weather conditions in many parts of the country.
Target to open in hipster neighborhood in Manhattan

Target Corp. continues to expand its presence in New York City.
Pizza chain continues to rev growth

One of the earliest adopters of the build-your-own pizza concept has notched North Louisiana in its expansion belt. PizzaRev, the fast-casual pizza banner backed by Buffalo Wild Wings, announced that a franchise agreement has been signed to develop the chain throughout the northern part of Louisiana. Franchisees are lrestaurateurs Cassidy King and Mark Florsheim.
Video: Steve Tanger talks money with CNBC's Jim Cramer

Steve Tanger is more than CEO of outlet giant Tanger Factory Outlet Centers – he is also an effective talking head. Tanger appeared as a featured guest on CNBC's "Mad Money with Jim Cramer" on Thursday, July 28, and talked about the consistent strength of the outlet market despite a volatile retail industry.