Real Estate

Napa, Calif. -- The transformation of Napa Center, Trademark Property Co. and Zapolski Real Estate’s 275,000-sq.-ft., mixed-use redevelopment in downtown Napa, Calif., is continuing, as a new luxury hotel is in the works.   

Dollar General has extended the deadline for Family Dollar shareholders to approve a buyout deal while it continues to recommend a “no” vote on a competing proposal from Dollar Tree.

Flower Mound, Texas -- UCR Dallas announced that Luna Grill opened its first Texas location in October, debuting at Riverwalk Market at the northeast corner of FM 2499 and FM 1171 in Flower Mound, Texas.

 

The Mediterranean restaurant leased 2,200 sq. ft. with an outdoor patio. Luna Grill currently has 16 locations in California and Texas, and expects to open more in 2015. 

Chicago -- Englewood Construction’s restaurant and retail groups have recently broken ground on four projects, completed three projects and started work on one expansion project across the country.   In the Chicago area, Englewood’s restaurant group recently broke ground on an 11,265-square-foot, ground-up Cooper’s Hawk Winery and Restaurant in Oaklawn, Ill., and an expansion for the popular Purple Pig restaurant on Michigan Avenue in downtown Chicago. 

Montreal, Canada – Retail real estate firm Simon, private Canadian developer SmartCentres and Calloway REIT are celebrating the opening of Premium Outlets Montreal Thursday, Oct. 30. Featuring designer and lifestyle brands, the new centre has more than 80 outlet stores offering savings of 25 to 65% every day.    Many of these new outlet stores are unique to the Montreal metro area, including Michael Kors, Max Mara, The Hudson Bay Outlet, Desigual, Vans and many more.

Atlanta -– Net income at Havertys dropped 17% to $7.82 million in the third quarter of fiscal 2014 from $9.49 million in the same period the previous fiscal year, with higher selling, general and administrative (SG&A) expenses dampening profits. Havertys plans to open one new store in the fourth quarter of fiscal 2014 and four in new stores in the first half of 2015, three in new markets.   Net sales climbed 3% to $198.5 million from $192.72 million. Same-store sales rose 1.9%.

Lakeland, Fla. -- Retail Solutions Advisors (RSA) has been selected as the exclusive leasing representative for South Pasadena Shopping Center, a community shopping center situated in South Pinellas County, Fla. The 165,928-sq.-ft. center is anchored by Wal-Mart Neighborhood Market, Bealls Outlet, Pet Supermarket, CVS and Dollar Tree, and serves as the primary grocery-anchored retail center for the surrounding residential community in the captive South Pasadena area.   

New York –- Independent real estate firm RKF has arranged a 9,100-sq.-ft. lease for True Religion, a retailer of denim and denim-related sportswear, in the SoHo neighborhood of New York. Acting on behalf of the landlord, 513 Broadway LLC, RKF executive VP Ariel Schuster negotiated the transaction, offering 2,900 sq. ft. on the ground floor, plus two levels below totaling 6,200 sq. ft.