Real Estate

Canton, Mass. –- Dunkin’ Donuts has signed a multi-unit store development agreement with existing franchisees ABDD Arizona to develop seven restaurants in Phoenix. The group's first restaurant from this franchise agreement opened Oct. 27.  

Chicago -– During the upcoming winter, Miracle Mile Shops at Planet Hollywood Resort & Casino will convert nearly 6,000-sq.-ft. of open space into four new retail destinations by welcoming M•A•C Cosmetics, Desigual and Lush Fresh Handmade Cosmetics and opening a larger, renovated House of Hoops by Foot Locker. M•A•C Cosmetics opens in December, followed later in the winter by global apparel retailer Desigual.  

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.”  

Mississauga, Ontario -- Canadian mall Square One has opened its newly renovated and expanded $60-million North side wing, featuring new stores and enhanced amenities and services in 78,000 sq. ft. The opening marks the completion of the second phase in Square One's multi-phase redevelopment, which will increase retail space to 2.1 million sq. ft. by 2016 and represents a total investment of more than $480 million.  

Altoona, Penn. -- C-store operator Sheetz cut the ceremonial red ribbon to officially open its new Burlington (North Carolina) Distribution Center.    The $33 million facility contains a Sheetz Bros kitchen, distribution and warehousing center for the Sheetz distribution fleet. There is also be space for various corporate support departments.    

London -- Challenged to grow in the U.S., teen apparel chain American Eagle Outfitters is making good on its pledge to leverage the overseas market to kickstart expansion.   

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.  

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.