Real Estate

Mall of America lets the sun shine in with massive high-tech skylight
A 3,500-sq.-ft. rotunda “smart” skylight has been installed in the new grand entrance and event space at the nation’s largest shopping mall. The new space is part of Mall of America’s 750,000-sq.-ft. expansion.

The skylight is comprised of more than 300 panes of electronically tintable SageGlass, which controls sunlight to optimize daylight and enhance comfort by preventing glare and solar heat.
Neiman Marcus names design firm for its first Manhattan location
New York-based Janson Goldstein LLP has been tapped as the design firm for the Neiman Marcus store at Hudson Yards in Manhattan, Women’s Wear Daily reported.

The firm has a wide-ranging practice that includes both residential, hospitality and retail work, with a roster of clients that includes Holt Renfrew, Intermix and Saks Fifth Avenue.

Restoration Hardware unwraps new retail format

The newest retail concept from Restoration Hardware now has its very own brick-and-mortar home.

The fist standalone RH Modern has opened, in West Hollywood, California, in the heart of the city’s Design District. The 21,000-sq.-ft. store combines both indoor and outdoor space. RH Modern also debuts with its own distinctive 540-page catalog, a dedicated website and national ad campaign.
Why Macy's is looking for a miracle on 34th street

Macy’s blamed warm weather, weak foot traffic and excessive inventory for the company's worse-than-expected third quarter results and said it is studying real estate options for some of its most iconic stores.
Report: Albertsons looking to buy stores from Haggen

The Seattle Times is reporting that, according to court documents filed last week, Albertsons is currently bidding on 36 of 95 stores being sold by the now-bankrupt Haggen. Albertsons had previously sold 146 stores to Haggen as part of its acquisition of Safeway. [Seattle Times]
Trademark’s Saddle Creek property brings new retail to Tennessee

Germantown, Tenn. -- Trademark Property Co. announced Lily Rain will open a 1,600 sq. ft. store at Saddle Creek, in Germantown, Tennessee. The store will be Lily Rain’s first Tennessee location and will open in spring 2016 next to Michael Kors.
Ikea’s U.S. expansion to bring it to another new market

Ikea’s U.S. expansion to bring it to another new market

Ikea is looking to open its first store in the state of Indiana.

The home furnishings giant is submitting plans to the City of Fishers, Indiana, to open a 296,000-sq.-ft. store 15 miles northwest of downtown Indianapolis.

Pending approvals, construction of the new Ikea could begin as early as summer 2016, with an opening in fall 2017.
EDENS adds brands focusing on health, nutrition and personal style to Union Planters Plaza

Fort Lauderdale, Fla. -- EDENS adds seven new retailers to its Union Planters Plaza located in Fort Lauderdale, Florida. These openings follow the center's complete redevelopment which included the addition of a community green space.
Albertsons cooking up a strategy for growth

A new project has the possibility of positioning Albertsons for greater growth as the company aims to expand by buying back some of the stores it unloaded last year as a result of a deal with Safeway.

Albertsons has announced it has completed a $4.8 million renovation of the company's Culinary Kitchens & Technical Center in California. The project, which was in development before the Albertsons-Safeway merger was announced, came to fruition this month in a 33,000-square-foot facility in Dublin, Calif., near the company's Pleasanton corporate campus.
Virtual to Visceral

Online retail sales continue to increase – both in absolute terms and as a percentage of total retail sales. The fact remains, however, that online commerce takes place in what is essentially a one-dimensional transactional venue.
Virtual to Visceral

Online retail sales continue to increase – both in absolute terms and as a percentage of total retail sales. The fact remains, however, that online commerce takes place in what is essentially a one-dimensional transactional venue.
Victoria’s Secret opens new Nevada store

Dunbar Commercial, a Henderson, Nevada-based commercial real estate brokerage firm, has secured a 10-year lease on behalf of Victoria’s Secret. Dunbar Commercial principal Bill Dunbar made the announcement.

The 7,852-sq.-ft. Victoria’s Secret opened Oct. 23 at The District at Green Valley Ranch in Henderson. Dunbar Commercial represented both the tenant and landlord in the transaction.