Real Estate

Paramus, N.J. — Vornado Realty Trust has announced an agreement to sell the 1.1 million-sq.-ft. Broadway Mall in Hicksville, Long Island, N.Y., for $94 million to an unknown buyer. The company purchased the mall in 2005 for $152.5 million.

In April 2012, the company announced its intention to reduce exposure to the enclosed mall business and to sell some of its other categories of retail shopping centers. This sale, Vornado’s last shopping center on Long Island, represents a continuation of that policy.

Dallas — SRS Real Estate Partners has appointed Will Majors senior VO and market leader. Majors will focus on tenant and landlord representation. He will also be responsible for signing new clients and recruiting qualified brokers.

Majors brings more than 12 years of experience in the retail real estate industry to his new post. Previously, he worked at Endeavor Real Estate Group where he was responsible for more than 2 million sq. ft. of transactions.

Hoffman Estates, Ill. - Sears Hometown and Outlet Stores, Inc. has opened a new Sears Appliance & Hardware Store located in Huntsville, Texas. The store was the fourth Sears Appliance & Hardware Store to open in 2013 and will celebrate its official grand opening Feb. 28-March 1.

The new 18,000-sq.-ft. store offers in-store services such as blade sharpening, key cutting and screen repair, as well as products typically found in local hardware stores, such as fasteners and electrical and plumbing supplies.

Beachwood, Ohio — DDR Corp has published its 2013 Corporate Social Responsibility report, which can be viewed at csr.ddr.com. The report features various initiatives taken by DDR employees throughout 2013

Coralville, Iowa — Pancheros Mexican Grill has announced plans to open 16 new locations in 2014. The fast casual Mexican restaurant rounded out 2014 with eight new location openings and 10 lease signings set for development this year.

Pancheros aims to sustain the expansion across the country with 70 additional restaurant launches over the next five years.

Bentonville, Ark. – Wal-Mart Stores Inc. is doubling its projected growth of small format stores as the retailer reports declining net income and weak sales growth for the fourth quarter and fiscal year 2014.

Dublin, Calif. - Ross Dress for Less will open four new locations in the greater Chicago area on March 8, 2014. These openings bring the total number of Chicago area stores to 35 for the retailer.

Hampstead, Md. - JoS. A. Bank Clothiers, Inc. has commenced a tender offer to purchase up to $300 million in value of shares of its common stock at a price of $65 per share. The closing price of the company's common stock on Feb. 18, 2014 was $54.20 per share.