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Real Estate

  • 1.2 million sq. ft. mixed-use Liberty Center opens in Cincinnati

    Cincinnati -- Steiner + Associates and Bucksbaum Retail Properties opened their highly anticipated 1.2 million sq. ft. Liberty Center in Cincinnati. Liberty Center is one of the largest mixed-use projects to open in the U.S. this year.

  • New York City’s off-price leader to open tenth location

    Century 21 Department Store will bring its high-fashions and low prices to a new location in the suburbs.

    The company will open an approximately 70,000-sq.-ft., two-level store at Green Acres Mall in Valley Stream, New York, on the South Shore of Long Island. The location will be the company’s tenth location.

  • Report: Jeff Bezos goes shopping at Costco

    Costco Wholesale has sold an airplane hanger to Poplar Glen, the limited liability company owned by Amazon’s Jeff Bezos, the Puget Sound Business Journal reported. Bezos owns two airplanes, including a recently acquired Gulfstream, according to the report. [Puget Sound Business Journal]

  • Pioneer shopping center magnate passes away at 93

    One of the shopping center industry's early stars—and a man who endured many hardships, including internment in a Nazi labor came, has died.

  • Bloomingdale’s enters Hawaii with tech-enhanced store

    Bloomingdale’s is bringing its tech-savvy, updated smaller-store format to the world’s largest open-air shopping mall.

    The retailer open a store in Honolulu, on the Island of O’ahu, on Nov. 12. The location — Bloomindale’s first in Hawaii — will serve as the centerpiece of a major retail expansion at Ala Moana Center.

  • Arkansas’ only outlet center makes its debut

    Little Rock, Ark. -- New England Development opened Outlets of Little Rock in Little Rock, Arkansas, on Oct. 16. The center welcomed thousands of area residents and visitors to shop at Arkansas’ only outlet center.

    The newest destination for shopping in the region is home to first-to-market fashion retailers: Under Armour, Asics, Bass Factory Store, Brooks Brothers Factory Store, Cole Haan, Levi's Outlet Store, Lindt Chocolate Shop, Restoration Hardware and Skechers.

  • Westward ho for Sportsman's Warehouse

    Sportsman's Warehouse is growing its store presence out West.

    The retailer will open a store in Slidell, Louisiana, its first in the state, and another in Las Cruces, New Mexico.

    The Louisiana store will be located in the Rouse Shopping Center, and is expected to open in early 2016.

    The store in Las Cruces will be located on Telshore Boulevard and is expected to open in the summer of 2016.

  • New retail center going up in DC-metro area

    Simon on Wednesday broke ground on Clarksburg Premium Outlets, in Montgomery County, Maryland.

    This multi-million dollar project, which upon completion, will offer a collection of over 90 retailers. The center, scheduled to open in October 2016, is a joint venture between Simon, New England Development, and Streetscape Partners.

    Located in one of the country's highest-income regions, and only 30 miles from the Washington, D.C., metro area, the center will feature 392,000 sq. ft. of leasable space.

  • Dunkin’ Donuts not cutting back on store expansion

    Dunkin’ Donuts announced new locations as it works towards its goal of opening 410 to 440 net new restaurants in 2015.

    The chain announced multi-unit store development agreements totaling 24 new restaurants over the next several years in Minnesota with two franchise groups, Kod Kod Enterprises, LLC, and existing franchise group, VANTive Group.

  • Bon-Ton Stores closing three stores

    The Bon-Ton Stores announced it will close its Elder-Beerman stores in the Huntington Mall in Huntington, West Virginia and the Lima Mall in Lima, Ohio. The retailer said it will not renew the stores’ leases, which terminate January 31, 2016.

    Additionally, Bon-Ton is closing its namesake store in the Carousel Center in Syracuse, New York, upon its scheduled lease termination on February 28, 2016.

    The company said it does not expect costs associated with the closing of the locations to be material.

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