Real Estate

New York -- Storefront, the online marketplace that connects artists, designers, and brands with retail space, has partnered with the New York Metropolitan Transportation Authority to offer unique retail space for rent in the New York City Subway.  

Burlington, Mass. — KeyPoint Partners has added six new properties to its property management portfolio, five in Massachusetts and one in Virginia. The assignments consist of retail, office and industrial space totaling more than 1.39 million sq. ft.

New York — The annual ICSC U.S. Design and Development Awards competition focuses on four general categories: Innovative Design and Construction of a New Project; Renovation or Expansion of an Existing Project; Sustainable Design; and Retail Store Design.

The 2013 gold winners in the New Development category are City Creek Center, Salt Lake City, and Mosaic District, Fairfax, Va.

In the Renovations and Expansions, the silver winner is: Cross County Shopping Center, Yonkers, N.Y.

The once bankrupt and liquidated retailer Linens ‘n Things is poised for a comeback following an acquisition of the brand by Galaxy Brand Holdings.

Phoenix — CBRE has completed the sale of a single tenant net leased Kohl’s department store at the Alameda Crossing shopping center in Avondale, Ariz. The 88,402-sq.-ft. retail property on 8.89 acres commanded a price of $10.6 million.

CBRE’s Phoenix office represented both the buy and the seller in the transaction. The seller was La Jolla, Calif.-based Collins Family Trust, Stanford Decedents Trust and Sarn Family Trust. The buyer was Investors Associated LLP of Oconomowoc, Wis.

Los Angeles — PizzaRev has completed construction on its sixth location and will open in Burbank, Calif., on Dec. 12. PizzaRev uses custom-built 9,600-pound stone-bed “Fire-Deck” ovens to fry pizzas in less than three minutes.

The Model S is the world’s first premium sedan built from the ground up as an electric vehicle and has been engineered to elevate the public’s expectations of what a premium sedan can be. Model S has received many of the industry’s most prestigious awards and accolades during its first year on the market.

North Plainfield, Manahawkin, N.J. — The Stafford Park shopping center in Manahawkin, N.J. has named Levin Management as its exclusive leasing agent. The 350-acre mixed-use redevelopment project includes 400,000 sq. ft. of retail space, including anchor tenants Costco and Target. The site has received approval to add another 195,000 sq. ft. The new retail space includes several pad sites.