Real Estate

Ikea on track to make its Nevada debut this spring.

The home furnishings retailer will open a store in Las Vegas, on Wednesday, May 18. It will be the Swedish company’s first location in Nevada, and 42nd in the United States.

The 351,000-sq.-ft. Las Vegas Ikea is being built on 26 acres along the northern side of the 215 Beltway at Durango Drive, near Sunset Road.

The store will host Nevada’s largest single-use retail rooftop solar array, consistent with the solar presence at 90% of its U.S. locations.

The newest addition to a Texas-sized mixed-used development taking shape north of Fort Worth is a 350,000-sq.-ft. retail project from Tanger Factory Outlet Centers.

Leading online jeweler Blue Nile is set to open its first physical location outside of New York City in an ongoing effort to reimagine the jewelry buying experience.

The giant of online retailing apparently is developing a taste for brick-and-mortar.

In news that is likely to set off a wave of speculation, Amazon confirmed it will open its second physical bookstore, this time at Westfield UTC mall in San Diego, California. Amazon Books is expected to open at the open-air shopping center sometime this summer.

Albertsons on Monday submitted a binding bid letter and form of Asset Purchase Agreement to Haggen for the purchase of 29 of Haggen's core stores, confirming reports that Alebertsons would seek to acquire the remaining Haggen core. This is a step in the process to obtain bankruptcy court approval, following Haggen's Chapter 11 filing on September 8, 2015, which is required for consummation of the purchase.

Starbucks on Monday opened a store in the Jamaica section of Queens, New York, which has a strong job training component.

The location is the first in a nationwide initiative Starbucks announced last summer to open stores in at least 15 diverse urban communities across the United States by 2018, with the aim to create new jobs, engage local women and minority-owned vendors and suppliers, and collaborate with local nonprofits to support training opportunities for youth in the individual communities.

Ikea had submitted plans to build its ninth store in the state of California, in the Bay Area suburb of Dublin.

Pending approvals, Ikea could begin construction of the store in spring 2017, with an opening in summer 2018. The retailer plans to evaluate potential on-site power generation to complement its current U.S. renewable energy presence at nearly 90% of its U.S. locations.