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Real Estate

  • Warby Parker, Palo Alto, Calif.

    Warby Parker has set up shop in downtown Palo Alto in a Spanish Colonial Revival building built in 1927.      The hot eyewear retailer has a knack for combining its signature library-inspired design details, which include walnut shelving, terrazzo tiled flooring, and plush leather seating, with unique elements in each location. In Palo Alto, a mural of original illustrations by artist Maira Kalman adds color and a touch of humor.   

  • Walsh joins Trademark leasing department

    Gavin Walsh has joined Trademark Property Co. as a senior leasing representative focused on mixed-use properties in Texas. They include Waterside in Fort Worth, Watters Creek in Allen, and Hillside Village in Cedar Hill.   Walsh arrives at the Fort Worth-based developer from The Shopping Center Group in Raleigh, North Carolina, where he handled a portfolio exceeding three million sq. ft. He also worked as a broker for Katz & Associates in the state.  

  • Cinemark to renovate theatres at New Jersey center

    Cinemark and XD will be upgrading all 16 of its auditoriums at CooperTowne Center in Somerdale, New Jersey.    The renovated theaters will include electric-powered, oversized recliners, and movie-goers will be able to reserve them ahead of time via computer or smartphone. XD theaters feature wall-to-wall and floor-to-ceiling screen with enhanced JBL sound systems.  

  • Developer extends its Walmart shadow

    Schostak Brothers has added six multi-tenant properties to its “Shadow Walmart” portfolio of retail space adjoining supercenters, bringing it to a total of 67. The new additions are located in Louisiana, Mississippi, and Texas.   “In the last decade, we have pursued an aggressive growth strategy in order to assemble one of the largest Walmart Supercenter shadow-anchored shopping center portfolios in the United States,” said Schostak COO Warren Strietzel.  

  • Stores closing are just doors opening to a new age in retail

    Every year after the holidays the same topics seem to dominate media coverage of the retail industry. The numbers are in, who’s closing stores? Who’s going out of business? Who are this year’s casualties in the great Clicks vs. Bricks War? This focus on post-holiday attrition is part of a larger conversation about the future of retail, one often tinged by notes of panic, dire predictions, and dramatic pronouncements such as: Online retail is damaging brick-and-mortar. Malls are dead! Retailers are shuttering hundreds of stores! 

  • Forest City sells Bronx center for $32 million

    Forest City announced it has closed on the sale of Shops at Bruckner Boulevard in the Bronx to Urban Edge Properties for $32 million. The seller expects to net $9.2 million in the transaction.  

  • Former retail landmark transformed

    An historic department store building that closed its doors and has been empty for 30 years — long enough for a tree to start growing inside it — has been given a brand new lease on life.  

  • Elion spruces up Jupiter center

    Following its success in renovating another center in the Florida town of Jupiter, Elion Partners had embarked on a renovation of Jupiter Reserve, which will be re-christened as Pennock Square.   Plans for the 43,172-sq.-ft. center include a cosmetic makeover to a more contemporary look, new signage, and parking and landscaping upgrades.    Elion’s re-do of the nearby Fresh Market Village inspired the effort.  
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