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Real Estate

  • J.C. Penney delays store closures

    Shoppers hoping to get some great bargains at the 138 stores J.C. Penney has slated for closure will have to wait a little while longer.   The retailer told CNBC that due to improving traffic and better-than-expected sales at the locations on the closure list it has postponed the liquidation sales and shutterings.   The new closure date for the stores is now July 31, which is about six weeks later than Penney originally planned, the report said.   

  • Strategic partnership seeks opportunities in Southeast

    St. Petersburg-based Sembler Co. and Atlanta-based Berkley Development have formed a new venture to explore development opportunities in the Southeast.   “This partnership will allow us to work with an exceptional industry professional to better pursue other types of development and redevelopment – small power centers, urban redevelopment projects, even retail elements of primarily residential developments, as possible examples,” said Sembler CEO Ron Wheeler.  

  • Online menswear retailers growing offline

    Two menswear brands founded online are growing their brick-and-mortar operations.   Made-to-measure men’s clothing maker Indochino, which was founded in 2007, plans to open eight new locations in 2017. Three are slated to open in the brand’s home territory of Canada, and five in the U.S.    “This year, we’re almost doubling our showroom network as we focus on significantly expanding our experiential retail model,” stated Drew Green, CEO, Indochino.  

  • American Girl to unveil new Manhattan flagship

    American Girl is building a new and bigger flagship in the Big Apple.     The specialty retailer will open a new, 40,000-sq.-ft. American Girl Place at 75 Rockefeller Plaza in Manhattan. The new location, scheduled to open in fall 2017, will replace the brand’s existing flagship at 609 Fifth Avenue.    The new location is being built by Englewood Construction, and is the 12th project Englewood has completed for American Girl.      

  • Petco adding more stores

    Petco continues to grow its retail presence.    The specialty retailer of pet food, supplies and services, will open five new stores in April.    In addition to featuring a wide range of pet food, toys and accessories, each new store will include dog training areas, adoption centers and grooming salons.    Last year, Petco opened 71 new stores and one new Unleashed by Petco store, and remodeled 41 locations.   

  • How Struggling Malls Can Find New Life

    The struggles of brick-and-mortar retailers have dominated industry headlines over the past few months with an unprecedented number of store closings announced. However, while the bad news has come from all corners, specialty retailers as well as general merchandisers, it has been department stores that have perhaps attracted the most headlines.  

  • Walmart Supercenter christens new California center

    NewMark Merrill’s decade-long quest to open a shopping center outside of San Bernardino became reality with the opening of its Walmart Supercenter anchor.   The 239,552-sq.-ft. Rialto Marketplace is due to be fully operational in June, when the doors will open for tenants including Starbuck’s, Sprint, Chipotle, Les Schwab Tires, Carl’s Jr., and Ono Hawaiian BBQ.  

  • First Look: Under Armour, Detroit

    Under Armour has brought its experiential “brand house” store concept to downtown Detroit.    The three-floor, 17,000-sq.-ft. space reflects the company’s roots in Baltimore and also pays homage to the history and spirit of Detroit. The design uses athlete imagery and product installations to convey an immersive brand experience and inspire customers.   
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