Real Estate

Walgreens Boots Alliance is exploring the possibility behind opening a retail pharmacy stake in Australia, The Sydney Morning Herald reported Friday. Though current government restrictions prevent corporate-owned pharmacies from setting up shop, that could change as "the government has commissioned an independent review of pharmacy regulations, which is due to report in March 2017," the paper reported.

A&G Realty Partners has been retained by The Sports Authority to manage the sale of retail store leases and assist in reducing the retailer’s occupancy costs following its Chapter 11 bankruptcy filing.

A&G Realty is currently accepting bids on the leases, which range from 10,000 to 75,000 sq. ft. and are located in many of the major retail markets in the country including prestigious locations in California, Florida, Puerto Rico and Texas.  The auction will take place in mid-April.

New York -- Halstead Property announced the promotion of Richard J. Grossman to president. In his new role, Grossman will work closely with Halstead CEO Diane M. Ramirez and will also continue to oversee the Village and SoHo offices together with Sara Rotter, executive director of sales for Downtown.

Ross Dress for Less announced three new stores, part of the retailer’s 2016 expansion program, which calls for 70 new locations.

Ross will open a new store and relocate a store in Mobile, Alabama on March 5. The new 25,000-sq.-ft. West Mobile store is located in Westwood Plaza, one mile east of the Mobile Regional Airport. The Mobile location is a 25,000-sq-ft. store that relocated into the McGowin Park East Shopping Center at the southeast corner of Interstate 65 and Highway 90.

The Sports Authority on Wednesday filed for Chapter 11 bankruptcy protection and said it plans to close or sell as many as 140 of its 463 stores nationwide. The beleaguered company has struggled in recent years under increased competition not only from online players, but also from the likes of Dick’s Sporting Goods and specialty retailers such as Lululemon that have capitalized on the “athleisure” boom in fitness apparel.

Meijer will spend $400 million on store expansion and remodeling in 2016 as the chain looks to expand its footprint.

The investment includes the construction of nine new Meijer supercenters and 32 remodel projects. While Michigan, Indiana, Illinois, Kentucky and Wisconsin will each welcome new Meijer supercenters later this year, dozens of other Meijer stores have begun or will soon begin remodel projects to further enhance the customer shopping experience.

Von Maur Department Store is doubling down in Minnesota.

The family-owned company will open a 140,000-sq.-ft. store at the Rosedale Center in St. Paul. Scheduled to open fall 2018, the store will be the retailer’s second location in Minnesota. Construction is due to begin in spring 2017.