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Real Estate

  • InvenTrust acquires Maryland center

    InvenTrust Properties has acquired The Shops at Town Center in Germantown, Maryland for $53.6 million. The necessity-based property boasts a strong lineup of food and beverage tenants including Baja Fresh, Chipotle, and Zoe’s Kitchen.  

  • New joint venture promises better data analysis for retail real estate managers

    The asset disposition company A&G Realty has entered into a joint venture with a supermarket real estate veteran with the business proposition that better data analysis will help retailers be more proactive in managing real estate portfolios.  

  • Tru by Hilton destined for Streets of St. Charles

    Hilton Hotels will break ground later this month on a new Tru by Hilton location at Streets of St. Charles, a Cullinan-owned, mixed-use property in the historic Mississippi River town north of St. Louis.   “Since its inception, Streets of St. Charles has been envisioned and developed around the idea of creating a community where there is something for everyone and all would feel welcome to gather and share experiences,” said Cullinan VP and Director of Leasing Kathleen Brill.  

  • GM named for two Fort Worth properties

    Trademark Property Co. has named Angela Hall to serve as general manager and marketing director at two of its newest properties in Fort Worth — Waterside and WestBend.   Hall recently directed the grand opening of Waterside, a 63-acre mixed-use property. At WestBend, another mixed-use development in the city’s University District, she supported leasing efforts and event programming.    Prior to joining Trademark last year, Hall was marketing director at Vestar.

  • Macy’s sells Minneapolis store

    The final clearance sale is already underway at Macy’s store in downtown Minneapolis.     Macy’s Inc. has officially completed the sale of its Minneapolis property to 601W Companies for $59 million in cash. The store is expected to close this spring.       The department store retailer will record a gain for the property of approximately $47 million in first quarter 2017. The gain was originally anticipated and included in 2017 earnings guidance previously provided by the company.

  • Target shares details of $7 billion capital investment plan

    Target Corp. has a lot on its plate for the next three years.   Among other initiatives the retailer will open 30 small format stores in 2017, doubling its presence in urban markets and on college campuses. By 2019, Target will operate more than 130 smaller stores.  

  • Supermarket retailer turns in solid quarter

    Publix Supermarkets’ sales and profit rose in the fourth quarter amid continued expansion.      Publix’s net earnings for the fourth quarter rose 4.5% to $544.5 million, from $521.1 million in the year-ago period.   Sales rose 11.1% to $9.1 billion. (The additional week in the fourth quarter of 2016 increased sales by 7.4%.) Same-store sales increased 2.2%.  

  • Specialty lamps retailer to debut new format

    It’s been a while since Lamps Plus Inc. opened a new store, since 2009 to be specific.   But that will change this summer, when the retailer opens a store at The Arboretum, an open-air marketplace in Austin, Texas. The location will be the nation’s largest lighting retailer’s 39th store and third in Texas.   
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