Real Estate

Bentonville, Ark. -- Wal-Mart Stores detailed a number of moves, including opening smaller stores in the United States, cutting back on overseas growth and increasing its investments in technology and e-commerce,  on the occasion of the  company’s 20th annual investor meeting.

Canton, Mass. -- Dunkin’ Donuts announced it is expanding to California's Central Valley and Central Coast, including Fresno, Bakersfield, Sacramento and Santa Barbara, Calif. The company is recruiting qualified multi-unit operators to open both traditional restaurants and a wide range of non-traditional venues, including colleges and universities, casinos, military bases, supermarkets, airports and travel centers. Over time, Dunkin' Donuts plans to have as many as 1,000 restaurants throughout the state.

Seattle -- Nordstrom plans to open a Nordstrom Rack at the Village at Dublin in Dublin, Calif. The approximately 35,000-sq.-ft. store is scheduled to open in fall 2015. The center is being developed by Regency Centers Corp.

Austin, Texas — Jones Lang LaSalle has hired Todd Wallace and Robert O’Farrell to lead its retail brokerage practice in Austin, Texas. Wallace joins the firm as an executive VP and O’Farrell will serve as a senior VP.

“We’re committed to growing our local market retail practice in key hubs around the United States,” said Greg Maloney, president and CEO of Retail, Jones Lang LaSalle.

New York — Winick Realty Group has negotiated leases bringing three new retailers to the Flatbush Avenue retail Corridor in Brooklyn, N.Y.

Starbucks, Game Champ and Cohen’s Fashion Optical will all open doors at 395 Flatbush Avenue Extension, a full-block retail site anchored by Applebee’s and McDonald’s.

Winick represented landlord Rabina Properties in all three transactions.

Warren, Mich. — Art Van Furniture has announced the opening of a 46,000-sq.-ft. store in Fort Wayne, Ind., across the street from the Glen brook Mall in January.

With 50 stores across Michigan, Ohio, and Illinois, Art Van Furniture is the Midwest’s largest furniture retailer.

Greenwood Village, Colo. — Red Robin Gourmet Burgers has announced the grand opening of a Hagerstown, Md., restaurant next to the main entrance of Valley Mall.

The casual dining restaurant chain operates and franchises more than 480 Red Robin restaurants across the United States and Canada.

York, Pa. -- The Bon-Ton Stores, Inc. will open a 21,000-sq.-ft. Carson’s Store Clearance Center located at The Landings Shopping Center in Lansing, Ill., on Oct. 19. Bon-Ton operates 272 department stores, which includes 10 furniture galleries, in 25 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates.

Walmart will be opening more small stores next year and beyond as the company pursues a vision of omnichannel retailing that it contends no other company is capable of executing.

Walmart U.S. president and CEO Bill Simon on Tuesday morning shared a message of physical and digital convergence involving an acceleration of smaller format stores and continued advancement of the retailer’s digital capabilities. He suggested multiple times during his presentation that the company has reached an inflection point in terms of building a next generation retail enterprise.

Pittsburgh – Dick’s Sporting Good will open its second Field & Stream specialty store in November, in Crescent Springs, Ky. Earlier this week, Dick’s said it plans to grow Field & Stream to approximately 55 locations and $750 million in sales by the end of fiscal 2017.

In addition to outdoor merchandise, the Field & Stream store will provide professional services for archery equipment, fishing gear, and firearms, among other goods.