Real Estate

New York -- New York City-based supermarket chain Fairway Market is going public. The company said in a regulatory filing Thursday that it expects its stock to price in the range of $10 to $12 per share as it looked to raise as much as $164 million.

Fairway operates 12 locations in the greater New York City metro area and in on track to open a store this summer in Manhattan's Chelsea neighborhood and one in Nanuet, N.Y, in the fall.
 

Whether you are a retail analyst or a casual observer, it can be all too easy to get lost in the negativity of recent store closings and retail bankruptcies.

San Francisco -- Jamestown said Wednesday it has acquired a real estate portfolio in downtown San Luis Obispo, Calif., comprised of 86% retail and 14% office space in open-air, multi-story settings.

The retail component, purchased from Copeland Properties, consists of seven assets, the most notable being Court Street Centre and Downtown Centre, and totals approximately 195,000 sq. ft. The portfolio also includes 28,000 sq. ft. of office space in three separate properties.

Tampa, Fla. -- RMC Property Group said Wednesday it has named Jannie DelRio as a leasing executive, specializing in tenant representation.

DelRio previously worked with a Tampa-based brokerage firm representing tenants such as Great Clips for Hair, Smoothie King, It’s a Grind Coffee House, Dunkin Brands, Quizno’s, Stride Ride and Papa John’s Pizza.

At RMC, DelRio's tenant representation assignments in Southwest Florida include Bull Chicks, a Texas-based fast casual concept, and Firehouse Subs.

Huntington Beach, Calif. -- BJ's Restaurants said Wednesday it has opened a new restaurant in Puyallup, Wash.

The 8,500-sq.-ft. BJ’s Restaurant and Brewhouse opened Monday  at South Hill Mall, a 1 million-sq.-ft. Cafaro Co. property.

"We are very excited to open our first restaurant of fiscal 2013 in Puyallup, a suburb of the Seattle market," said Greg Trojan, BJ’s president and CEO.

St. Clairsville, Ohio -- Youngstown, Ohio-based Cafaro Co. said Wednesday that MC Sports will debut in the area with a new store at Cafaro’s Ohio Valley Mall, in St. Clairsville, Ohio, in July.

The new store will be located next to Sears, occupying nearly 23,000 sq. ft. of retail space.

Laredo, Texas -- Brentwood, Tenn.-based GBT Realty said Wednesday it has completed construction of a new shopping center that is home to four new retailers. The fully occupied McPherson Place, in Laredo, Texas, is tenanted by James Avery, Orange Leaf, Starbucks Coffee and AT&T. All four stores are open for business.

“The quality of this location allowed us to completely fill the center with an outstanding list of retailers,” said Fraser Schaufele, VP leasing at GBT.

San Francisco -- Westfield San Francisco Centre will be home to the city’s first Microsoft retail store, slated to open on April 25.

Other mall additions include Samsonite, Color Me Mine ceramics studio, Amy’s Hallmark and pop-up store Celestine SF.

Naples, Fla. -- Indianapolis-based Kite Realty Group said that Earthwise Pet Supply has leased 3,020 sq. ft. at Pine Ridge Crossing, located in Naples, Fla.

The landlord is KRG Pine Ridge.

Beachwood, Ohio -- DDR Corp. announced Monday that, during the first quarter, it acquired two prime assets in Dallas and in Oakland, Calif., for $81 million.

Also during the quarter, DDR disposed of $46 million of non-prime assets, including $8 million of non-income producing assets.