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Real Estate

  • Chick-fil-A to make Manhattan debut in a big — and green — way

    New York -- Chick-fil-A is set to open its largest location to date in one of the nation’s busiest cities.

    The quick-serve restaurant chain will open its first freestanding location in New York City, at the corner of West 37th Street and 6th Avenue in the Garment District, on Oct. 3. The three-story, 5,000-sq.-ft. restaurant will be Chick-fil-A's largest in the country and will be independently owned and operated by local resident Oscar Fittipaldi.

  • New tenants announced at mixed-use center near Las Vegas Strip

    Henderson, Nev. -- Vestar recently completed a $120 million buyout from its joint venture partner, Rockwood Capital, to take full ownership and operations including property management, leasing and marketing of The District at Green Valley Ranch, a 37-acre, 384,107-sq.-ft. mixed-use center in Henderson, Nevada.  

  • Breach hits Sally Beauty Q3 profit; will close 16 German stores

    Denton, Texas – Sally Beauty Holdings is feeling the impact of its data breach.

    Costs related to a data breach discovered in May 2015, as well as higher selling, general and administrative (SG&A) expenses, helped reduce profit at Sally Beauty during the third quarter of fiscal 2015. Net earnings fell 8% to $62.46 million, from $67.76 million the same period a year earlier.

  • First ground-up development planned as Conscious Place Initiative for Texas developer

    Fort Worth, Texas -- Trademark Property Co. announced its Waterside mixed-use development, located in Fort Worth, Texas, will be the first ground-up project developed as part of Trademark’s Conscious Place initiative; a stakeholder-driven development model that aims to ensure that its properties are more than just places of commerce, but also places of community and meaning.

  • Welco signs Fairway Market for Brooklyn center

    New Rochelle, N.Y. - Welco Realty Inc., an XTeam partner, has signed an approximately a 50,000-sq.-ft. lease with supermarket chain Fairway Market at Georgetowne Shopping Center in Brooklyn. New York.

    Welco represented both the landlord, Astoria Holding Corp., and tenant in this transaction.   

  • Strack and Van Til, Munster, Indiana

    A complete revamp has put a new focus on freshness and customer engagement at Strack & Van Til.

    Focusing on whole organics, natural foods, and gluten-free products, the 56,458-sq.-ft store is set up to offer the value of a farmers market in the environment of a large space. Customers can even have their fresh purchased seafood grilled for them on-site.

  • Two grocery-anchored shopping centers acquired

    Cincinnati -- Phillips Edison Grocery Center REIT II, Inc. announced it has acquired Plano Market Street in Plano, Texas, and The West Acres Shopping Center in Fresno, California, for a collective $57.1 million, totaling more than 253,038 sq. ft.

    Plano Market Street is a 169,624 sq. ft. grocery store-anchored shopping center in Plano, Texas, just outside Dallas. The center is 94.2% leased, anchored by Market Street and retailers World of Beer, Tony & Guy, and the Little Gym.

  • Aldi on hiring binge

    Batavia, Ill. – Aldi wants you – if you are someone looking for a store-level retail job.

    The rapidly growing discount supermarket retailer will host hiring events throughout the U.S. during the month of August for more than 2,500 positions.

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