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Real Estate

  • Nordstrom Rack announces two new store locations

    Seattle -- Nordstrom announced plans to open a Nordstrom Rack, at Chapel Hills East in Colorado Springs, Colorado, and one at Destiny USA mall in Syracuse, New York.

    The 33,357-sq.-ft. Destiny Mall location is scheduled to open in fall 2015. The retailer recently announced new Rack stores opening in Buffalo and Albany, also in fall 2015.

    The 31,203-sq.-ft. Chapel Hills East Nordstrom is scheduled to open in spring 2016. The property is owned and managed by DDR Corp.

  • Ikea’s store in St. Louis to feature Missouri’s largest solar array

    St. Louis -- Ikea plans to install solar energy panels on its 380,000-sq-ft. St. Louis store, due to open in fall 2015. Panel installation will begin this spring, with completion before the store’s opening, making the project the largest rooftop solar array in the State of Missouri.

    The store’s 259,000-sq.-ft. solar array will consist of a 1.28-MW system, built with 4,085 panels, and will produce approximately 1,780,000 kWh of electricity annually for the store, the equivalent to reducing 1,227 tons of carbon dioxide (CO2).

  • BJ’s selects Esri’s location analytics solutions

    Redlands, Calif. -- BJ’s Wholesale Club announced that it has adopted Esri’s location analytics solutions to aid in real estate research strategy and business insight analysis.

  • Corner Bakery Cafe names former YUM exec as new CFO

    Dallas -- Corner Bakery Café has named Salil Bapat as CFO, effective immediately. Bapat previously was CFO for YUM Brands' Latin America and Caribbean region.

  • Body Central going out of business, to close all remaining stores

    New York -- Embattled apparel retailer Body Central has gone out of business and closed its entire remaining store base, effective Sunday evening, according to attorney for the company Gardner Davis.

    Based in Jacksonville, Florida, the 265-store Body Central Corp. had said earlier this week that it was "experiencing significant liquidity challenges" and was working with advisers to evaluate its options. With the closure announcement, about 2,500 employees lost their jobs.

  • Dunkin' Brands added 422 net new Dunkin' Donuts and Baskin-Robbins restaurants in 2014

    Canton, Mass. -- Dunkin' Brands Group, the parent company of Dunkin' Donuts and Baskin-Robbins, announced that in 2014 its U.S. franchisees opened a total of 422 net new Dunkin' Donuts and Baskin-Robbins.

  • Whole Foods Market coming to Premier Centre

    Mandeville, La. -- Stirling Properties announced the addition of Whole Foods Market to the tenant lineup at Premier Centre, a 273,000-sq.-ft. shopping center near the intersection of U.S. Highway 190 and North Causeway Boulevard in Mandeville, Louisiana.

  • Report: Stronger economy boosts increase in store construction/renovations

    New York -- A.R.E. (the Association for Retail Environments) is predicting a 10% increase in spending on North American retail store construction and renovations in 2015. The forecast, based on a survey of A.R.E.’s nearly 750 member companies and input from the industry association’s economic advisors, represents the sixth consecutive year of industry growth.

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