Real Estate

The NFL Experience has become well known as a primary attraction of Super Bowl week in the big game’s host city. Now the attraction will go permanent in a joint venture with Cirque du Soleil at 20 Times Square, a mixed-use Witkoff development that will house the 39-story Edition Hotel.  

Having brokered the sale of street-front retail real estate on 101st Street and Third Avenue in New York for $2.2 million, RKF declared the unofficial rule of placing prime retail locations below 96th Street in Manhattan to be null and void.  

Photos: Ric Kallaher   Victorinox Swiss Army has opened its doors in New York City’s Rockefeller Center.   The store, the brand’s eighth location in North America, is designed to create an immersive experience into the company’s Swiss heritage amid a modern environment that reflects the company’s commitment to quality, functionality, iconic design and innovation.  

Amazon.com Inc. cannot be accused of ignoring the fulfillment needs of customers in California.   The e-tail giant plans to open its 10th California fulfillment center in Sacramento. The new 855,000-plus-sq.-ft. facility, the fourth California fulfillment center Amazon has announced within a span of four months, will create more than 1,000 full-time hourly roles.  

An online retailer specializing in men’s custom-tailored suits and menswear, is set to open its third physical location.   Black Label will open a store on July 11 in downtown Chicago this summer, the Chicago Tribune reported. In addition to suits, the store will also shirts, suits, denim, chinos and outerwear.   To date, the retailer has opened a store in Boston, and one in Washington, D.C. It hopes to double its store count next year, the report said.   

Starbucks Corp. is growing its store portfolio on a couple of different fronts.   The company plans to open stores under a new banner, called Starbucks-Reserve only, that will have a decidedly upscale twist. The brand will sell premium, small lot reserve coffee in a store space that is about twice the size of a typical Starbucks, zachs.com reported, and feature more of a café atmosphere.   

As their merger enters the home stretch, Delhaize Group and Ahold have reached agreements with buyers to divest 86 U.S. stores.   The two international companies announced their intent to combine forces back in June 20115. The merger is set for completion at the end of July, pending final approval by the Federal Trade Commission.  

Federal Realty Investment Trust announced that Dan Guglielmone will take over as its CFO and treasurer next month. A 13-year veteran of Vornado, Guglielmone is currently the company’s senior VP of acquisitions. He previously spent 10 years in investment banking with the real estate and lodging group of Salomon Smith Barney/Citigroup.