Real Estate

Woodland Hills, Calif. — GrowLife has announced the opening of its seventh store in Santa Rosa, Calif., on Oct. 25.

GrowLife Hydroponics operates in the legal cannabis industry with online and brick-and-mortar stores.

New York -- Lane Bryant has announced the opening of three new stores and one relocation of an existing store.

The specialty apparel retailer plans to open a new store in the Miracle Mile Shopping Center in Monroeville, Pa., on Oct. 25, with the grand opening running through the weekend.

Lane Bryant also plans to open a new store at Rushmore Crossing in Rapid City, S.D. on Oct. 25, with the grand opening continuing through Sunday.

Columbus, Ohio – Lane Bryant opens three new locations and a relocated store on Oct. 25. The stores are all located at shopping centers.
    
The new stores are located at Miracle Mile Shopping Center in Monroeville, Pa., Rushmore Shopping Center in Rapid City, S.D., and Commons at Magnolia in Florence, S.C. Lane Bryant also opens a relocated store outside of The Promenade at Millcreek Mall in Erie, Penn. on Oct. 25.

Pittsburgh – Dick’s Sporting Goods will open a new store at Towne Center in Batavia, N.Y., on Nov. 1.

The Batavia location will be the retailer's 37th store in the state of New York and its 548th nationwide.
 

San Diego – Petco has opened its first store in Mexico and announced plans for continued expansion in Mexico and Latin America through a previously announced joint venture with Grupo Gigante of Mexico. Together, the companies plan to open as many as 50 Petco stores in Mexico and Latin America by 2020.

Boca Raton, Fla. – The Altman Companies has closed on 10 acres in the Westchase area of Tampa, Fla., with close proximity to downtown and Clearwater. Construction on the 239-unit mixed-use Altis at Highland Park rental community is scheduled to start right away with first units to be delivered in July 2014.

The community will feature a mix of 239 apartments and 5,000 sq. ft. of retail space. Lender for the development is PNC Bank.

Shanghai, China -- The Walt Disney Co. announced plans to open its first store in mainland China, in Shanghai. The 53,000-sq.-ft. Disney Store, expected to open in early 2015, will be the company’s largest store to date.

The store will be located in Shanghai's financial hub. It will feature an approximate 10,800-sq.-ft. retail space, and a Disney-themed outdoor plaza area that can be used to host outdoor events. The surrounding area has foot traffic of more than 40 million visitors a year.

The Walt Disney Company said it would enter China in 2015 with a new retail location planned for Shanghai that measures 10,800-sq.-ft. on a 53,000-sq.-ft. site in the heart of the city’s financial district.
Disney currently operates 340 worldwide locations but until this week’s announcement in Shanghai had steered clear of opening stores in mainland China.

Petco has opened its first store in Mexico and announced plans for continued expansion in Mexico and Latin America through a previously announced joint venture with Grupo Gigante of Mexico. Together, the companies plan to open as many as 50 Petco stores in Mexico and Latin America by 2020.

Canton, Mass. – Dunkin’ Brands Group, the parent company of Dunkin’ Donuts and Baskin Robbins, reported that its third quarter net income grew 36% to $40.2 million.   

Revenue increased 8.5%, from $171.7 million, to $186.3 million.