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Real Estate

  • Round 1 to take Macy’s Space at Northwoods Mall

    Round 1, the retail center amusement concept from Japan, has signed a lease for the vacated Macy’s anchor space at Northwoods Mall in Peoria, Illinois. Washington Prime Group, the mall’s owner, purchased the store from Macy’s last month.   Washington Prime CEO Lou Conforti hailed the singing as an example of a corporate objective to use redevelopment to foster “differentiated tenancy, especially dining and entertainment alternatives.”  

  • Report: Apparel company makes a play for bankrupt specialty retailer

    A new company is interested in The Limited.   Sunrise Brands LLC has bid for the bankrupt apparel retailer’s e-commerce business and intellectual property, a move that challenges a $26.3 million offer from private equity firm Sycamore Partners, Reuters said.   

  • Report: Fragrance retailer exploring options

    Declining mall traffic is taking a toll on Perfumania.   Perfumania Holdings Inc. has hired advisers to explore strategic alternatives, including a debt restructuring, Reuters reported. It also plans to negotiate with landlords to exit some of its 313 Perfumania stores.   The company recorded debt of approximately $164 million on Oct. 29 and $2.1 million in cash and cash equivalents, the report said.  

  • Target to give a top-performing store a total makeover

    Target plans to renovate its downtown Minneapolis flagship, adding an array of new features.   The discounter will invest $10 million in a full-store remodel for the location, which opened in 2001, reported The Journal.     Less ambitious updates are planned for other Target stores in the Twin Cities area.    

  • Quick-service chain sees big expansion push

    The Wendy’s Co. is bullish on expansion.   The chain wants to add approximately 1,000 locations by 2020, reported Nation’s Restaurant News.    

  • DWM Facilities Maintenance in Florida expansion

    DWM Facilities Maintenance has opened a new office in Orlando, Florida. The new office will help facilitate the company’s recent growth.   

  • Glimcher veteran joins Steiner as executive VP

    Thomas “TJ” Drought, who spent nearly 20 years in the employ of WP Glimcher, has joined Steiner + Associates as an executive VP.  

  • Online giant extending brick-and-mortar footprint

    Online giant extending brick-and-mortar footprint.   Amazon is taking its bookstore concept to the San Francisco Bay Area, which has a reputation for supporting independent bookstores.    The company will open a bookstore at Broadway Plaza, an open-air center in Walnut Creek, California, reported the San Francisco Gate.  Although no opening date was given, but Amazon is in the process of staffing up the store.   
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