Real Estate

H-E-B is planning to build a two-story grocery store in Bellaire, Texas, featuring the latest in food market retailing to open in the fall of 2017, Fox 7 reported Wednesday.

"We have enjoyed our Bellaire neighbors for the past 22 years and look forward to bringing them a store tailored to their needs filled with stellar features and products that will enhance their shopping experience for years to come," Scott McClelland, H-E-B Houston president, told Fox 7.

Crate and Barrel is going to try its luck in Nevada.

The home furnishings retailer has signed a lease to open a store at Downtown Summerlin, Summerlin, Nevada, a Howard Hughes Corp. development. The 106-acre retail and entertainment center is located in the Summerlin master planned community.

Phillips Edison Grocery Center REIT II announced the acquisition of the 67,280 sq. ft. Lakewood City Center in Lakewood, Ohio.

The shopping center is anchored by a 39,400 sq. ft. Marc’s grocery store, the No. 2 grocer in the Cleveland area. Additional retail includes: Gamestop, Best Cuts, Pet Supplies Plus, the UPS Store, Boston Market, Marco’s Pizza, Ace Cash Express, T-Mobile, Palm Beach Tan, and Chipotle Mexican Grill.

Macy’s announced it will open a new Bloomingdale's Outlet store in November 2016 at The Outlets at Orange, in Orange, California.

The 24,000-sq.-ft. store will be the 17th Bloomingdale's Outlet location and offer a range of off-price apparel and accessories for men, women and children.

Uniqlo has completely revamped its flagship on Oxford Street in London, doubling the space from approximately 12,055 sq. ft. to 24,100 sq. ft. and adding two additional floors, along with a rooftop venue for special events.

Designed in collaboration with the retailer’s longstanding, Tokyo-based design firm, Wonderwall, the store includes such signature Uniqlo accents as LED tickers and rotating mannequins.

“Now Trending” is an exclusive online series to chainstoreage.com, featuring trending topics that impact the retail real estate landscape.

For retail analysts and consumers alike, what’s going on in the apparel sector is fascinating and, in fact, confounding. While the root causes may not seem exactly crystal clear, the implications will be clear and unambiguous.

Philadelphia -- PREIT announced it has completed the sale of four additional non-core malls. This is a milestone achievement for the company that signifies the near-completion of non-core mall disposition effort with one remaining mall being marketed for sale.

Mall disposition transactions include:
• Lycoming Mall in Pennsdale, Pennsylvania, anchored by J.C. Penney, Sears, Bon-Ton and Macy's sold for $26.35 million.