Real Estate

Aéropostale has received final approval for $160 million in debtor in-possession financing provided by Crystal Financial LLC.

PGA Tour Superstore opened its 26th store to date — and first store in Minnesota — on June 11.   Located in Minnetonka, in a previous Sports Authority location, the 41,000-sq.-ft. store has 12 interactive simulators, practice hitting bays, a large putting green measuring more than 1,500 sq. ft. and an in-house club-making and repair facility to provide an interactive experience to golf enthusiasts of all levels.  

Retail real estate leaders and analysts discuss the retail landscape, trends in the industry, and projects to keep an eye on.

Watch the videos here.  
 

Days after announcing its “Way Forward Plan” reorganizational plan, Ralph Lauren Corp. named three new senior executives who will help oversee it.  

Saks Fifth Avenue has relocated its store in Houston’s The Galleria, opening a larger space that offers the ultimate luxury department store experience.  

Houston-based Baker Katz has redeveloped and fully leased a retail site in Beaumont, Texas.
 
Baker Katz principal Kenneth Katz made the announcement.
 
Baker Katz completely redeveloped the site, beginning with demolishing the previous building with an end plan to create five new spaces for retail tenants. Starbucks, Mattress One and Wingstop will occupy the 6,100-sq.-ft. building. T-Mobile and Access Dental will each have 2,800-sq.-ft. in the second building. There is a new H-E-B located immediately east of the property.
 

New York City-based RCS Real Estate Advisors has announced a bid deadline of June 16, 2016 for the remaining available leases of retailer Hancock Fabrics.
 
RCS began the process of selling the retailer's leases following Hancock Fabrics' February bankruptcy announcement. Hancock Fabrics operated 250 retail stores in 37 states when it filed for Chapter 11 bankruptcy protection on Feb. 2, 2016. Spence Mehl, senior VP of RCS, made the announcement.
 

Stirling Properties and CBL & Associates Properties, Inc. are announcing several changes to Ambassador Town Center in Lafayette, Louisiana.
 
Half Shell Oyster House will occupy 5,850-sq.-ft. of restaurant space, and is the newest addition to the eatery line-up. This will mark the ninth location for the seafood restaurant, and the first in Louisiana. Half Shell Oyster House is expected to open in November 2016.
 
Newly leased, Just 4 Him Men’s Haircut Lounge will occupy 1,267-sq.-ft. and is expected to open in September 2016.