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Real Estate

  • Amazon continues brick-and-mortar push

    The nation’s capital has been added to the list of cities that will soon feature an Amazon Books store.   The newest Amazon Books location will reside in a 10,000-sq.-ft. space in the Georgetown section of Washington, D.C., The Washington Post reported. The store, which was formerly occupied by Barneys New York, will be Amazon’s 13th bookstore.   

  • Trending Stores: Eloquii, The Fashion Centre at Pentagon City, Arlington, Va.

    Online plus-size fast-fashion retailer Eloquii is testing its first physical location, a pop-up shop in the Washington, D.C. area.  

  • Retail real estate’s wunderkind buys another center

    Four more and he’ll match his age.   Twenty-four-year old Joel J. Gorjian, a VP at Great Neck, New York-based Namdar Realty Group, has made his 20th retail center purchase in the past 12 months, this time a mall in suburban Chicago.  

  • Report: Children’s clothing retailer to reorganize

    Gymboree Corp. is planning a significant reduction in its store fleet.   The retailer is looking to close hundreds of stores part of a restructuring under bankruptcy court protection, The Wall Street Journal reported. The final number of stores, however, has yet to be determined.  

  • Merger talks between luxury department store companies hit a snag

    Is Neiman Marcus about to be involved in a lawsuit as opposed to a merger?  

  • Walmart shadow center breaks ground in North Carolina

    Maus, Warwick, Matthews & Company have released the names of the first six tenants for a Walmart-shadowed center in Leland, North Carolina, just outside of Wilmington.   Petsense, Cricket Wireless, Miyabi Junior Express Japanese Hibachi, Complete Coastal Dentistry, Charlie Graingers barbecue, and Ganey, Byrd & Dunn Insurance will be the first to inhabit Westgate Marketplace. The 31,600-sq.-ft. center is 50% leased.  

  • Specialty apparel retailer exiting Canada

    The retail environment in Canada is proving more challenging than some U.S. retailers had anticipated.     Express said it will close all 17 of its stores in Canada, and discontinue its Canadian operations through its Canadian subsidiary, Express Fashion Apparel Canada Inc. The retailer will continue to operate 635 stores in the United States.      

  • PEBB acquires second Tennessee property

    PEBB Enterprises has acquired Germantown Village Square in Memphis, its second property in Tennessee.   The Boca Raton-based REIT paid $28 million for the 199,629-sq.-ft. mixed-use power center, which houses TJ Maxx, DSW, and Petco alongside office space predominantly occupied The West Clinic, a subsidiary of Baptist Memorial Health Services.  
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