Real Estate

Leading footwear retailer DSW said it would open between 25 and 30 new stores next year, adding to an existing base of 364 units.

The company disclosed its expansion plans in conjunction with the release of third quarter results that saw same store sales advance a hefty 6.1% and profits grow by double digits. Adjusted net income increased 17% to $46.6 million, or $1.02 per share, compared to $39.8 million, or $0.88 per share.

Toronto -- Canada's Hudson's Bay Co. is set to raise C$365 million ($367 million) in its initial public stock offering, Reuters reported. The amount is lower than the retailer’s original target of about C$400 million.

Hudson’s Bay has priced the offering of 21.48 million shares at C$17 apiece, which is at the bottom of the company's already lowered range of C$17 to C$18.

New York -- Victoria’s Secret has reopened its New York flagship with a re-design that embodies the brand's sexy, sophisticated and glamorous spirit with a nod to its heritage.

New York -- RCS Real Estate Advisors said it has been retained by Bella Terra Cosmetics to help facilitate the rollout of Forever Flawless mall locations throughout the U.S.

As part of an initiative to expand the Forever Flawless luxury skin care brand, RCS will be selectively identifying and pursuing 1,500- to 2,000-sq.-ft. real estate opportunities within the best malls primarily in California, Florida and Texas.

Forever Flawless products are currently sold in seven locations throughout Las Vegas, Miami Beach and Nantucket.

Chicago -- GoldMax USA said it has opened a store in Rancho Santa Margarita, Calif., marking the chain’s 50th store in the state. It operates more than 200 stores nationwide.

GoldMax said it has plans to open eight more California stores within the next 30 to 60 days in City of Industry, El Cajon, Los Angeles, Murrieta, Norco, Orange, Rancho Cucamonga, San Juan Capistrano, and Upland.
 

Philadelphia -- Pennsylvania Real Estate Investment Trust (PREIT) said that Apple has opened a new store at its Willow Grove Park property in suburban Philadelphia.

The 8,300-sq.-ft. store opened on Nov. 17, bring the total number of Apple stores in PREIT’s portfolio to four.

“The addition of Apple to this already dominant mall will further drive traffic and sales and allow us to enhance the merchandise mix and quality of the shopping experience at Willow Grove Park,” said Joseph F. Coradino, CEO, PREIT.
 

Dayton, Ohio -- Brixmor Property Group said that Five Below will open a 8,095-sq.-ft. store at South Towne Center, located in Dayton, Ohio.

Brixmor, based in New York City, is the owner of South Towne Center.

New York -- Schurman Retail Group announced that Papyrus opened a new store in the Time Warner center, marking the retailer’s 18th store in New York City.

“New York City has always been a strong market for us,” said Dominique Schurman, CEO, Schurman Retail Group.
 
The 1500-sq.-ft. store features a “Hummingbird” design that is featured in 183 stores in the U.S. and Canada.

Chino Hills, Calif. -- The Shoppes at Chino Hills is bringing Bruxie Gourmet Waffle Sandwiches, joining recent tenants Crème de la Crème Bakery, Icy-Licious shaved ice, Sleep Number bed shop, and What Lola Wants women’s apparel at the Chino Hills, Calif., shopping center.

The 375,000-sq.-ft. community/lifestyle center also features a newly expanded A&M Home Décor.

Los Angeles -- Urban Partners and Harbor Urban announced that David Walker has joined the company as VP capital markets.

Walker will be responsible for actively procuring debt and equity capital for both entities. The firm is currently focused on urban infill assets in West Coast markets and, together with AREA Property Partners, recently acquired Seattle-based Harbor Properties and merged it with Urban Partner’s local office to form Harbor Urban.