Real Estate

Uniqlo has made its West Coast, opening a three-story, 29,000-sq.-ft. flagship in San Francisco.

Chattanooga, Tenn. -- CBL & Associates Properties said Monday it will renovate and redevelop its Northgate Mall property in Chattanooga, Tenn., with the first phase adding Ross Dress for Less and Michael’s Arts & Crafts, as well as redeveloping the adjacent T.J. Maxx-anchored community center.

Construction will begin on the associated center in early 2013 with completion anticipated in fall 2013.

Dallas -- 7-Eleven Inc. announced  two acquisitions that will further expand its U.S. store portfolio.

The company has closed deals with EZ Energy USA Inc. to purchase 67 retail locations in the Cleveland and Pittsburgh markets, and with its licensee, Handee Marts Inc., to acquire 58 7-Eleven convenience stores in those same markets as well as locations in northern West Virginia and western Maryland.

Boston -- Grossman Development Group (GDG), a boutique real estate development firm led by Howard Grossman, announced that it has begun site work for the 330,000-sq.-ft. Granite Ridge Marketplace, a 57-acre shopping center development located in Rochester, N.H.

The development, which boasts a trade area of 198,000 people, will feature a mix of anchor retail, junior anchor retail, small stores, restaurants and entertainment. It is located on Route 11, the gateway to the Lakes Region of New Hampshire and close to the Maine border.

New York -- Sears Hometown and Outlet Stores Inc. is set to begin trading on the Nasdaq Capital Market on Friday after Sears Holdings Corp. completed a spin-off transaction of the home appliances, hardware, tools and garden equipment retailer.

Sears Holdings received $446.5 million in proceeds in the transaction, including a $100 million dividend paid by Sears Hometown prior to the separation and about $347 million from a rights offering.

BENTONVILLE, Ark. — The pace at which Walmart adds new selling space globally will remain unchanged next year, but improved productivity, more U.S. stores and expanding multichannel capabilities are expected to produce sales and profit growth.

New York -- Target Corp. opened a new retail concept, called C9 Active Apparel, in San Francisco, Women’s Wear Daily and other media outlets reported.

The 3,000-sq.-ft. store is devoted to the C9 by Champion activewear brand, which was launched by Target in 2004. It is located in Westfield’s Metreon center, which also houses a CityTarget store.

The new store has an industrial feel, with concrete flooring and exposed ceiling, according to the reports, with no Target identifying-logo or signage.

MISSISSAUGA, Ontario — Walmart Canada is stepping up its presence in the country this month with the opening of the most stores in the company's history.

By the end of October, the company will complete 30 real estate projects. They include two supercenter conversions and 28 new stores, which were formerly Zellers stores. Of the 28 Zellers locations, 10 will be supercentres and 18 will be discount stores. The 30 stores employ more than 3,000 associates and represent an addition of nearly 2.4 million square feet of retail space.

BENTONVILLE, Ark. — Walmart plans a modest acceleration of its small format stores in the coming years as investors were assured Wednesday morning that financial returns are now comparable with the company’s large supercenters.