Real Estate

New York -- Rabeanco, known for quality leather accessories and fashion forward styles, opened its first American storefront, in the Westfield Santa Anita Mall, Arcadia, Calif. It is the first of three U.S. locations the company plans to open in 2013.  

Designed by Rabeanco in collaboration with interior designer Yukiharu Takematsu, the 2,000-sq.-ft. store has a modern, chic interior. A 7-ft.-high video display flashes various product and glossy ad campaign images.

Chesterfield, Mo. -- Taubman Centers announced the opening of Taubman Prestige Oulets, a new fashion outlet center, located in the western-St. Louis suburb of Chesterfield. The opening coincides with Missouri’s Tax-Free Weekend.

Miami — El Balcon de las Americas is bringing its Colombian food menu to Westfork Plaza in Pembroke Pines, Fla.

Terranova Corp. represented the shopping center in the transaction. The 2,335-sq.-ft. location at Westfork Plaza is the young chain’s fifth location in South Florida.

Halton Hills, Ontario — Simon Property Group has announced the opening of Toronto Premium Outlets™, the first Premium Outlet Centre in Canada. The development is a 50/50 joint venture with Calloway Real Estate Investment Trust.

Parkesburg, Pa. — CVS/Pharmacy recently opened a 7,940-sq.-ft. store at the Parkesburg Shopping Center in Parkesburg, Pa. CVS purchased the business of the location’s previous occupant, Longenecker Pharmacy, an independent, family-owned chain.

The 56,652-sq.-ft. development is exclusively leased and managed by Levin management www.levinmgt.com. The center serves a population of more than 34,600 people within a five-mile radius. Average household income is more than $67,500. Daily traffic count is about 23,800 vehicles.

Dallas — CBRE’s National Retail Investment Group www.cbre.com has arranged the sale of Cottonwood Commons on behalf of Columbus Pacific Properties www.columbuspacific.com. The 191,893-sq.-ft. Class A retail center in Albuquerque sold to Cole Real Estate Investments www.colecapital.com.

Warrendale, Pa. -- Teen apparel retailer rue21 has unveiled a new retail concept, rueGuy, with stores in Shore, N.Y., Harlingen, Texas, and New Boston, Ohio. The company plans to open an additional four locations by the end of August, and is on target to open approximately 20 rueGuy stores by yearend.

New Delhi, India – The Indian government has eased its notoriously difficult restrictions on how foreign retailers must invest and source when doing business in the country. As reported by Reuters, foreign retailers will still have to source 30% of the products they sell locally, but now have five years to initially reach that goal and then have to meet it annually.

The Converse flagship in San Francisco is not only the sneaker brand’s first Northern California location; it’s also its largest and most innovative location to date. The 8,200-sq.-ft. store, which features Converse’s full line-up of footwear, apparel and accessories, is big on personalization, with an interactive system for designing one-of-a-kind Converse sneakers and clothing.