Real Estate

Seattle -- Starbucks Corp. remains highly bullish on expansion. In remarks at the company’s annual shareholders meeting, the coffee giant revealed that over the next five years it plans to open 3,500 locations in its Americas region and 8,000 new stores in foreign markets. And just in case you were wondering … Starbucks noted that Shanghai has more Starbucks stores than any other city in the world in which it operates.

Mattress Firm Holding Corp. is revving up its growth in fiscal 2015, with plans to open as many as 220 new stores this year.

Time may be running out for Toys "R" Us shoppers to ride the Ferris wheel at the retailer's flagship store in Time Square.

Toys "R" Us will not be renewing the lease of its Manhattan flagship, according to various reports. The lease for the massive 110,000-sq.-ft. retail space, at 1514 -1530 Broadway, between 44th and 45th Streets, is set to expire at the end of January.

Trader Joe’s will open its first-ever Schaumburg (Illinois) location on March 20, at Woodfield Village Green, a 687,015-sq.-ft. foot shopping center owned by DDR.

Check out this quick time-lapse video of the nine-month construction process, which involved filling in a man-made retention pond and building the store on top.

Gainesville, Fla. -- The developer of Celebration Pointe, a 225-acre mixed-used regional development located in Gainesville, Florida announced that its work on the public infrastructure improvement phase of the $200 million project is on schedule. Celebration Pointe partner Ralph Conti made the announcement.

New York -- Toys "R" Us is not going to renew the lease of its Manhattan flagship, according to various reports. The lease for the massive 110,000-sq.-ft. retail space, at 1514 -1530 Broadway, between 44th and 45th Streets, is set to expire at the end of January 2016. The ground floor of the prime space, in the heart of busy Times Square and with access to Broadway, commands a whopping $2,500 per foot per year in rent, with the second and third floors costing considerably less, according to CNN Money.

Commerce Calif. -- Value-oriented food retailer Smart & Final Stores Inc. plans to accelerate its expansion after posting double-digit sales growth in the fourth quarter.

Commerce Calif. -- Value-oriented food retailer Smart & Final Stores Inc. plans to accelerate its expansion after posting double-digit sales growth in the fourth quarter.