Real Estate

New York -- A report by Bloomberg said that investor BlueCrest Capital Management is urging RadioShack to repay the lenders that are blocking plans to shutter stores.

The electronics retailer announced last March that it would close 1,100 stores; it later reduced the number of closures to 200 per year for three years after negotiations with lenders failed.

BlueCrest said it supported the company's decision to shut stores to stem losses and was willing to provide financing, Bloomberg said.
 

Rosemont, Ill. - Horizon Group Properties Inc. and CBL & Associates Properties Inc. have opened The Outlet Shoppes of the Bluegrass, which opened fully leased with 90 stores and eateries. The Outlet Shoppes of the Bluegrass is the only outlet center in the state and is located between Louisville and Lexington on Interstate 64.

Fort Worth, Texas -- RadioShack is opening 21 new interactive remodel stores in the San Francisco Bay Area. RadioShack began remodeling and opening highly experiential concept stores across the country in July 2013, and has refreshed its more than 4,000 U.S. company-owned stores.

Youngstown, Ohio — AVI Foodsystems and Cafaro Co. have teamed to bring Bob Evans Farms into the mall food court environment.

Warren, Ohio-based AVI collaborated with Bob Evans Farms to introduce Bob Evans Express, which scales down the traditional Bob Evans restaurant into a concept that works in venues such as workplace cafes, airports, travel plazas and universities.

New York — Nordstrom has announced plans to open a Nordstrom Rack at the Empire Outlets in Staten Island. The 34,000-sq.-ft. store is scheduled to open in fall 2016. The property is being developed by BFC Partners.

Rochester, N.Y. – Wegmans Food Markets Inc. plans to open 10 new stores in the Northeast and mid-Atlantic regions. The stores include one in Maryland, two in Massachusetts, two in New Jersey, one in Pennsylvania, and four in Virginia.

Philadelphia – Net income at Destination Maternity Corp. fell 36% to $5.5 million in the third quarter of fiscal 2014 from $8.6 million a year earlier. Expenses related to the planned relocation of Destination Maternity’s corporate headquarters and distribution facilities, as well as costs related to its proposed and withdrawn merger with Mothercare plc, drove the reduction in net income.