Real Estate

Chicago is one of the nation’s leading retail markets and a new report from Mid-America Real Estate details the area’s evolving growth patterns, retailers driving development and hot properties.

Cabela’s will debut a “cost-effective” design in its two newly announced store locations.

The outdoor apparel and goods retailer announced two new locations, one in McDonough, Georgia, opening in fall 2017, and one in Lee’s Summit, Missouri, opening in fall 2017 or spring 2018.

The locations, both 70,000 sq. ft. each, are designed around a new concept that the retailer said is more cost effective "in a focused effort to bring more its stores to more convenient locations" to better serve customers.

Retail Properties of America named Paula Maggio to the role of executive VP, general counsel and secretary, effective May 2.

Maggio joins Retail Properties of America following a 16 year career with Strategic Hotels & Resorts where she most recently served as executive VP, general counsel and secretary. Prior to that she practiced law with Altheimer & Gray, where she focused primarily on real estate and hospitality law.

Academy Sports + Outdoors has opened a 1.6 million square foot distribution center that dramatically increases the company’s ability to support store expansion and omnichannel initiatives.

May 20 is shaping up as a momentous day at Brixmor Property Group with newly appointed CFO Angela Aman slated to begin work the same day as recently appointed CEO Jim Taylor.

Aman’s appointment as CFO was announced in conjunction with the release of Brixmor’s first quarter financial results on April 26 and follows the April 12 announcement that James Taylor had joined the company as CEO.

Plans are being finalized for a new 100,000-sq.-ft. retail re-development in Enid, Oklahoma, across from the city’s Oakwood Mall, according to developer GBT Realty Corp.

Sears Holdings will shutter its apparel design office in New York City.

The struggling retailer will shutter the 154-employee office in July, reported the New York Post, which cited a Department of Labor filing.

Sears will move approximately 40 positions to an existing site in San Francisco, with the remainder positions to be cut, according to the report.

HomeGoods, Stein Mart and Sierra Trading Post will fill a 76,000-sq.-ft. void created by the closing of a Kmart store at the Maple Village shopping center in Ann Arbor, Michigan.