Real Estate

San Francisco -- The Gymboree Corp. reported Wednesday a loss of $14.1 million in the second quarter, compared with a loss of $6.9 million for the same period last year.
 
Sales rose 3.8% to $268.8 million, from $259.0 million last year, and same-store sales dipped 1%.

During fiscal 2012, the company reiterated its plans to open 115 new stores, including 90 locations for its value-priced Crazy 8 concept.
 

Minneapolis -- Supervalu announced Wednesday it will close about 60 underperforming or nonstrategic stores in fiscal 2012. The closings include 22 Save-A-Lot locations, 27 Albertsons stores, four Acme stores and one previously announced Jewel-Osco.

The majority of the stores are expected to close before Dec. 1, which marks the end of the company’s fiscal 2013 third quarter.

DALLAS — Habitat for Humanity and Lowe’s are joining together to celebrate National Hispanic Heritage Month with two large construction projects that will bring together Lowe’s Heroes, community organizations, schools and local VIPS to celebrate Hispanic heritage while building strong foundations for the future in partnership with Dallas and Houston families. The project includes building two new homes and completing critical repairs on three existing homes in partnership with low-income families.

New York -- Hudson’s Bay Co., owner of the Lord & Taylor and The Bay chains, plans to file for an initial public offering, according to The New York Times.

A listing, which is expected to be on the Toronto Stock Exchange, could come this fall, before the end of November, the report said, with as much as 20% of the company being sold to the public.
 

“Who agreed to this language?”

How many times have each of us been handed leases containing  terms which cause us to   ask , “Where did these provisions come from?” or “This is the first time I’ve seen these stipulations, did the transactions group understand the costs of compliance?” The answer is: probably more times than we’d like to recall.

Seattle -- Nordstrom said Tuesday it will open two new full-line stores – one in Jacksonville, Fla., and the other in Woodlands, Texas.
 
The Florida store will open at St. Johns Town Center, a Simon Property and Ben Carter-owned shopping center. The 124,000-sq.-ft. store will be two levels and is expected to open in fall 2014.

New York -- As part of its landmark, multi-year, $400 million dollar renovation of Macy’s Herald Square, the department store retailer debuts the Herald Square Café this week.

Located on the second floor with the shoe department, the 1,434-sq.-ft., 45,-seat café will serve Starbucks coffees, chocolates and high-end champagnes.

Jacksonville, Fla. -- Regency Centers said Friday it is asking Baltimore residents to suggest stores and restaurants they want to open at their local Parkville Shopping Center through an online crowdsourcing platform called Popularise. 

The leasing recommendations will be considered as part of the grocery-anchored center’s renovation, which has begun construction. 

Dallas -- Cypress Equities said Friday that Iconic Salon Suites will open at Village on the Green in north Dallas.

Iconic Salon Suites will occupy a 6,800-sq.-ft. retail space beside Jos. A. Bank, and joins recent additions such as Allstate, Plush Nails & Spa and Chiro One Wellness Centers.

Pembroke Pines, Fla. -- Indianapolis-based, Kite Realty Group said that Massage Envy has leased 4,066 sq. ft. at Cobblestone Plaza, located in Pembroke Pines, Fla. 

Kite Realty Group represented the landlord, KRG CREC/KS Pembroke Pines, LLC.

Cobblestone Plaza is anchored by Whole Foods, All Pets Emporium and Party City. The center sites on approximately 22 acres with 140,452 sq. ft. of retail space.