Real Estate

Conway, Ark. -- The Central Landing retail development now underway in Conway, Arkansas, has added Dillard’s as a key anchor for its first phase, according Jim Wilson & Associates and partner the Conway Development Corp.

Miami Beach, Fla. -- Terranova Corp. and Acadia Realty Trust have reportedly agreed to sell six retail buildings on Lincoln Road in Miami for $342 million. According to the Miami Herald, the buildings were purchased for a combined $191 million in 2011 and 2012, marking a $151 million profit in a few years.

Tenants include Starbucks, Fossil, and A/X Armani Jeans. The deal is with an unnamed institutional investor and is not yet completed. It ranks as the most expensive retail real estate transaction in Miami history.

Columbus, Ohio -- DSW’s Affiliated Business Group division and Yellow Box Corporation have opened the first-ever Yellow Box Footwear store in California, at the Westfield Topanga Mall, in Canoga Park.

Founded in 1998, Yellow Box is a footwear wholesaler best known for its jeweled sandals for women. The Yellow Box retail concept made its debut in June, with a store in Miami.

Richardson, Texas -- Commercial real estate development and investment firm KDC announced that Regency Centers will build a 40,000-sq.-ft. store for Whole Foods Market in its CityLine Market development at KDC’s 186-acre mixed-use CityLine project in Richardson, Texas.

Yonkers, N.Y. -- Forest City Ratner Companies (FCRC), the developer and owner of the Westchester’s Ridge Hill shopping center, has announced some new tenants that will open at the regional center. They include 5 Napkin, a family-friendly bar and grill; Wine Zetta, a regional wine store; and Hand and Stone, a spa franchise.

Katy, Texas – Academy Ltd., parent company of the Academy Sports + Outdoors chain, will open a 1.6.-million-plus-sq.-ft. distribution center on a 200-plus-acre site in Cookeville, Tennessee to support its continued expansion. The retailer will begin construction on the facility later in August 2014 with plans to become operational in early 2016.

New York - Fairway Group Holdings Corp., the parent company of Fairway Market, shrank its net loss to $9.7 million in the first quarter of fiscal 2015 compared to $27.95 million in the same quarter the prior year. Declining general and administrative expenses, resulting from the elimination of IPO- and consultant-related fees from the first quarter of fiscal 2014, helped reduce net loss.

Los Angeles — CBRE Group announced that it has acquired CBRE | Louisville, a commercial real estate services firm that has served as CBRE’s affiliate in metropolitan Louisville, Kentucky and southern Indiana since 1996.

The firm has a staff of 34 and manages more than 10 million sq. ft. in the region.