Real Estate

Dillard's posts increased profit in 3Q, sales dwindle
Little Rock, Ark. -- Dillard's Inc. reported Thursday a profit of $55.2 million in its fiscal third quarter, up 8.4% over the $50.9 million profit in the same period last year. Sales, however, dipped to $1.460 billion, from $1.469 billion, and same-stores sales declined 1%. Still, said CEO William T. Dillard II, "We believe we are positioned very well for the holiday season.”
Eddie Bauer Outlet makes Legends Outlets Kansas City debut
Kansas City -- Eddie Bauer has opened an Eddie Bauer Outlet story at Kansas City’s signature designer outlet shopping center, Legends Outlet Kansas City. The new store opened on Nov. 13. The only area Eddie Bauer Outlet opened between J. Crew | crewcuts and OshKosh B’Gosh at 1813 Village West Parkway, occupying 3,964 sq. ft.

Canadian brand Arc'teryx to open fourth U.S. store

Washington, D.C. -- Canadian outdoor brand Arc'teryx will open its first East Coast location, and fourth in the U.S., in CityCenterDC, downtown Washington, D.C.'s new mixed-use development.
Douglas Elliman team complete leasing of iconic Harlem Co-op

New York -- With the signing of Capital One at 700 St. Nicholas Avenue, on the northeast corner of 145th Street, the Douglas Elliman Retail Group team of Faith Hope Consolo, chairman, Joseph Aquino, executive VP and Arthur Maglio have repositioned the retail profile of Hillview Towers, comprising the block-front that stretches along West 145th Street between St. Nicholas and Edgecombe Avenues in the Sugar Hill section of Harlem.
High-end retailers give Beverly Center the nod

Los Angeles -- A round-up of new additions to Los Angeles shopping destination Beverly Center have further elevated the shopping experience at the Bloomingdales- and Macy’s-anchored center.

Uniqlo opened on Oct. 10, introducing a Los Angeles flagship for the fast-fashion retailer in 30,000 sq. ft. of space that is the largest storefront in the Uniqlo portfolio.
The Villagio at Cinco Ranch lifestyle center changes hands

Houston -- Marcus & Millichap announced the sale of The Villagio at Cinco Ranch, an 111,963-sq.-ft. lifestyle shopping center in Katy, Texas. The asset had a list price of $31,290,000; however, the terms of the sale of were not released. Derek Hargrove, senior associate, and Justin Miller, vice president investments, had the exclusive listing to market the property on behalf of the seller, The Marcel Group.
DDR exits joint venture in Buffalo

Beachwood, Ohio -- DDR Corp. announced the sale of an 11-property portfolio--located primarily in the Buffalo MSA that was previously held in joint venture with Kuwaiti Financial Centre II--for a total of $154 million. The portfolio was comprised of small-format traditional grocery-anchored centers and single tenant non-prime assets.
BH Properties names chief acquisition officer

Los Angeles -- BH Properties has announced the hire of Andrew Van Tuyle as chief acquisition officer. In this role, Van Tuyle will be responsible for the firm’s property and debt acquisitions throughout the Southwest.
CBRE awarded asset management, lease admin contract for Standard Chartered Bank

Los Angeles -- CBRE Group, Inc. has been appointed by Standard Chartered Bank to provide asset management and lease administration services across the bank’s commercial property portfolio.
Phillips Edison acquires grocery-anchored center in Calif.

Cincinnati -- Phillips Edison-ARC Grocery Center REIT II Inc. has acquired Laguna 99 Plaza, adding another property in California to the company's portfolio. Laguna 99 Plaza is an 89,188-sq.-ft.grocery store-anchored shopping center located in Elk Grove, California, part of the Sacramento metropolitan statistical area. Laguna 99 Plaza is anchored by Walmart Neighborhood Market. Other national and regional tenants at the center include GNC, Metro PCS, and Goodwill.
Retail vacancy rate in central New Jersey at six-year low

Old Bridge, N.J. -- An improved picture in both ‘big-box’ and smaller store spaces combined to push the retail vacancy rate along central New Jersey’s major shopping corridors to a six-year low of 7.6% from 9.8% in 2013, according to the latest study by R.J. Brunelli & Co. Looking back over the past 10 years, the 2014 figure compared with the high of 10.5% in 2011 and low of 3.4% in 2006.
Fayette Mall expansion officially opens

Lexington, Ky. --CBL & Associates Properties announced the opening of the expansion at Fayette Mall in Lexington, Ky. Designed to significantly enhance the offerings at the shopping center, the redevelopment of the former Sears location included expanding the mall entrance to create 115,000 sq. ft. of new retail space for a mix of fashion stores, home furnishings and fine dining options in the heart of the shopping center.