Real Estate

Atlanta --  The Shopping Center Group announced its continued expansion with the addition of a California brokerage team of industry veterans. The move across the Mississippi River marks the firm’s first foray into western United States. Located in Santa Barbara, the new office opened Dec. 1.

“The acquisition of this team is a big step in The Shopping Center Group’s pursuit of a national footprint," said chairman and Co-CEO David Birnbrey.

Canton, Mass. – Dunkin' Donuts has signed the largest development agreement in the company's history with the goal of expanding Dunkin' Donuts in China. The retailer plans to open more than 1,400 new stores across China in the next 20 years.

Chattanooga, Tenn. -- CBL & Associates Properties, Inc. announced the appointment of John Griffith to its board of directors. Griffith fills the unexpired term of Tom DeRosa, resulting from his retirement from CBL's board effective Jan. 7.

Griffith served as executive VP of property development for Target Corporation until his retirement in May 2014. He joined Target in 1999, and played an instrumental role in its expansion and the development of new store prototypes and formats.

New York -- Teen retailers had a “less dreadful” holiday selling season than was anticipated. That’s how analysts are tempering the news that banners such as American Eagle Outfitters, Aeropostale and Urban Outfitters posted stronger-than-expected holiday results, released by most on Thursday.

In fact, say industry watchers, the strong sales figures look pretty shiny because they are exaggerated by pre-season low expectations, which were dragged down by fears of aggressive discounting and waning mall traffic.

Nashville, Tenn. --H.G. Hill Realty Company announced a lineup of tenants at Hill Center Acklen, the Nashville mixed-use development that includes approximately 13,000 sq. ft. of street-level restaurant and retail located at 21st Avenue South and Acklen Avenue in Hillsboro Village.

Miami Gardens, Fla. -- Palmetto Park, the owner of Palmetto Gardens Plaza, announced that its new anchor tenant Walmart Neighborhood Store has opened. The new store occupies 40,000 sq. ft. of the 63,000-sq.-ft. shopping center, located at 3799 NW 167th St. in Miami Gardens.

Palmetto Gardens Plaza will also feature T-Mobile, Cell Phone Repair, and Lee Nails, among other retailers, when construction on the remaining portion of the plaza is complete by the third quarter of this year.

Long Beach, Calif. -- Nordstrom, Inc. announced plans to open a Nordstrom Rack at Marina Pacifica Mall in Long Beach, California. The 24,000-sq.-ft. store is scheduled to open in fall 2015. The property is managed by NewMark Merrill Companies.

The new Nordstrom Rack will occupy a former Loehmann's space and join a mix of tenants including Best Buy, ULTA Beauty, Pier 1 Imports, AMC Theaters, Barnes & Noble, Sports Authority and Ralphs.

Macy’s announced a series of major operational and merchandising moves to accelerate its omnichannel approach while also releasing solid holiday sales.