Real Estate

Los Angeles — Mack Urban Real Estate Group and AECOM Capital have acquired six acres in the Los Angeles central business district. The $80 million transaction is the largest land acquisition in the CBD since before the recession. The seller was EVOQ Properties.

The acquisition is part of a Mack Urban and AECOM plan to build a portfolio of class A, institutional quality multifamily developments in West Coast gateway cities.

Northbrook, Ill. — Pine Tree Commercial Realty has announced the appointment of Julie Zamudio as VP of design and construction. Zamudio most recently served as lead manager of the multi-site group banking and retail sectors in the Chicago office of Lend Lease Construction Inc.

Chicago — Mid-America Asset Management Inc. has announced that three new restaurants have taken space in Chicagoland shopping centers.

Restaurant franchise Red Snapper has leased 1,800 sq. ft. at Dorchester Commons in the Hyde Park neighborhood of Chicago. Mid-America represented the landlord. The tenant was self-represented.

In its PizzaRev case study series, CSA offers an insider’s look at the conception, initial rollout and growth of the southern Calif.-based fast-casual concept PizzaRev. Likened to “the Chipotle of pizza,” this innovative chain lets customers choose from an artisanal array of toppings to craft their own pizzas very quickly in a high-end stone hearth oven. A test kitchen in Northridge, Calif., was launched in April 2012 and two additional locations quickly followed.

Dallas – Neiman-Marcus Group Inc. and Hudson’s Bay Company (HBC) are reportedly seeking loans to support merger and acquisition activity.

According to Bloomberg, Neiman-Marcus is trying to secure $3.75 billion in loans to support its planned buyout by Ares Management LLC and the Canada Pension Plan Investment Board. That figure reportedly includes a $2.95 billion term loan and an $800 million asset-backed loan.

Columbus, Ohio – Lane Bryant officially reopens its store at the West Towne mall in Madison, Wis. on Friday, Oct. 4 with a new look. On the same day Lane Bryant opens a new store in Houston.

The store will celebrate its grand opening at both stores from Oct. 4 through Oct. 6. Customers who shop at those location during the weekend will be able to enter for a chance to win one of 150 $25 Lane Bryant gift cards.

Salt Lake City -- PECO Net Lease Income Fund (NLIF) has acquired four properties including two Family Dollar stores in New Mexico and two Raising Cane's restaurants, including one in Lexington, Ky., and one in Mt. Pleasant, S.C.

New York -- Urban Outfitters has purchased 6.5 acres in the Philadelphia suburb of Devon, Pa., on which is plans to build a lifestyle shopping village concept, according to Racked Philly.

The report said that the retailer plans to build a Terrain garden center, an Anthropologie, a boutique hotel, two restaurants, and a specialty foods market, along with such other  possibilities as a health/spa facility.

New York -- Wolverine has opened its first permanent store, in New York City’s Nolita neighborhood.

The store follows a successful pop-up the brand launched last fall. The brand; new location follows the successful New York pop-up venture in fall 2012, and will again offer a curated selection of goods that share Wolverine's commitment to quality, heritage and craftsmanship.

Columbus, Ohio – DSW, Inc. is opening four new stores on Oct. 10. The stores will be located in Muskegon, Mich., Rochester, Minn., Boardman, Ohio, and Knoxville, Tenn.

Customers will be eligible to participate in DSW Rewards, a free loyalty program in which customers earn certificates toward future DSW purchases and receive special member-only offers. Customers can also participate in the Shoe Lover community on Facebook to receive exclusive offers and giveaways.