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Real Estate

  • Apple opens next-generation store

    Photo by Apple insider

    Apple has take the wraps off its hotly anticipted next-generation store, which is located at the Shops of Saddle Creek South in Germantown, Tennessee, a suburb of Memphis.

    The space features a massive display screen that stands nearly floor-to-ceiling at the wall opposite the store's all-glass entrance, reported AppleInsider.

    For more, click here.

  • CityCenter enters into agreement to sell The Shops at Crystals in Las Vegas

    Las Vegas -- CityCenter Holding -- a venture between MGM Resorts International and Infinity World Development Corp. -- announced that it has entered into an agreement with a venture led by Invesco Real Estate and Simon Property Group to acquire The Shops at Crystals in Las Vegas, for a purchase price of approximately $1.1 billion.

  • CBRE appoints Steven H. Gartner to managing director of retail

    Philadelphia -- CBRE Group announced that Steven H. Gartner has been appointed to managing director of retail for the Greater Pennsylvania Region. Gartner will lead CBRE’s retail brokerage platform throughout the region, driving growth and creating a cohesive and collaborative service offering for retail clients, as well as continue to actively maintain strategic client relationships both in Philadelphia and across the country.

  • City style retailing is on its way to Sunrise, Florida

    Sunrise, Fla. -- Metropica Holdings and KGH International Development announced that construction is on track for the retail vertical portion to begin this summer and is underway on the residential component for Metropica, located in Sunrise, Florida. Metropica is a transit-oriented mixed-use complex encompassing 65 acres and more than 4 million sq. ft. of retail, world-class residential, commercial, hotel, conference and public spaces.

  • Baker Katz breaks ground on redevelopment totaling 33,000 sq. ft.

    Atascocita, Texas -- Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm specializing in retail tenant representation, investment sales, and project development and leasing, announced that it has broken ground on the redevelopment of two buildings totaling 33,000 sq. ft. on 4.5 acres of land located Atascocita, Texas.

  • Ross Dress for Less expands in Virginia

    Ross Dress for Less opened a new store in Woodbridge, Virginia, on March 5.

    The 25,000=sq.-ft. store is located in Prince William Square, on the northwest corner of Smoketown Road and Gideon Drive, 20 miles southwest of Washington, D.C.

    The opening is part of Ross’ 2016 expansion program, totaling about 70 new locations during the year.

  • O’Neill Properties Group begins construction on $2.2 billion project

    Sayreville, N.J. -- O’Neill Properties Group announced that it has completed brownfield remediation project at the 40-acre lagoon at The Pointe located in Sayreville, New Jersey. The Pointe is the largest mixed-use brownfield redevelopment ever undertaken in the Northeast with the project costs of $2.2 billion. Vertical construction will begin in spring 2016 on a 200,000-sq. ft. anchor tenant Bass Pro Shops Outdoor World, the largest Bass Pro in the country outside of its original flagship operation.

  • Macy’s sells San Diego store to Westfield Corp.—and then leases it back

    Mall owner Westfield Corp. has acquired two buildings owned by Macy’s at Westfield Mission Valley mall in San Diego for approximately $16.5 million.

    Included in the sale were a full-line Macy’s department store and a nearby — and much smaller — building that houses a restaurant.

    The purchase comes as the retailer remains under pressure from an activist investor to sell off full or partial stakes in some of its real estate.

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