Real Estate

Minneapolis — The Opus Group has completed a 45,600-sq.-ft. retail building for Gander Mountain in Albany, Ga. The project’s completion marks the fourth collaboration between Opus and Gander Mountain in the last 22 months. The new store opened on Nov. 12.

The Albany store represents a new, smaller concept for Gander Mountain.

Chain Store Age posted a story about Chicago’s Northwestern Memorial Hospital opening a new 70,000-sq.-ft. retail store and restaurant development in the hospital and across the campus.

City of Commerce, Calif. — 99¢ Only Stores will celebrate the grand opening of its new store in Menifee, Calif., by selling Westinghouse 40-inch flat-screen TVs for just 99 cents to the first nine customers in line.

The 18,000-sq.-ft. store will feature a perishable food department with produce, dairy and frozen foods. 99¢ Only Stores currently operates 335 stores in California, Texas, Arizona and Nevada.

Columbus, Ohio — Steiner + Associates, The Georgetown Co. and Limited Brands have broken ground on Easton Gateway, a 54-acre addition to Easton Town Center.

Nearly 15 years after Easton Town Center opened, Easton Gateway will introduce a number of noteworthy additions to the master-planned community, including new brands and big box retail.

New York -- Dollar Tree and Dressbarn have named Charter Realty and Development as the exclusive broker in Connecticut.

Dollar Tree, a Fortune 500 company with approximately 4,700 stores looks for 8,000- to 12,000-sq.-ft. spaces. Dollar Tree is also looking for locations in freestanding strip malls and power centers.

Dallas — Jared, The Galleria of Jewelry, has signed leases for new locations in Lubbock, Corpus Christi and Midland, Texas, according to Venture Commercial Real Estate, which represented Jared in the transactions. All locations are under construction and expected to open soon.

Seattle – Nordstrom will open a Nordstrom Rack at Village Plaza at Bunker Hill in Houston. The 30,357-sq.-ft. store is scheduled to open in spring 2014.

The first Houston Rack store opened at The Centre at Post Oak in 2010, and the Bunker Hill Rack will be the third Rack in four years to open in the area. Nordstrom first came to Houston with a full-line store at The Galleria in 2003. The company will open its second Houston full-line store at The Woodlands Mall on September 5, 2014.

Mooresville, N.C. -- Lowe's Cos. net income rose 26% in the third quarter, just short of projections, amid the housing market's ongoing resurgence. The retailer raised its fiscal 2013 outlook, but its earnings forecast was still below expectations.

Lowe's earned $499 million for the period ended Nov. 1, up from $396 million last year. Its earnings were a penny per share short of Wall Street expectations.

Revenue rose 7% to $12.96 billion from $12.07 billion, beating analysts’ predictions. Same-store sales increased 6.2%.