Real Estate

Milwaukee — NAI MLG Commercial has announced eight recent transactions across the state of Wisconsin.

New York -- The Bon-Ton Stores has signed a lease with Rouse Properties for a new Herberger’s store at Cache Valley Mall in Logan, Utah — its first in the state. 

The company expects to begin remodeling the 62,000-sq.-ft. facility in early spring 2014 and to be completed in the second half of 2014.

Las Vegas — Miracle Mile Shops at Planet Hollywood resort & Casino has announced the opening of four new restaurants and retailers.

Meatball Spot will bring its Italian cuisine to Miracle Mile Shops this winter. Ketchup Premium Burger Bar will open its doors in November. Tervis will follow in December. Shoe Palace plans to open in February 2014.

Miracle Mile Shops is a 1.2 mile retail/entertainment complex at the heart of the Las Vegas Strip. It features 170 specialty stores, 15 restaurants and live entertainment venues.

The Bon-Ton Stores has signed a lease with Rouse Properties for a new Herberger’s store at Cache Valley Mall in Logan, Utah — its first in the state. 

The company expects to begin remodeling the 62,000-sq.-ft. facility in early spring 2014 and to be completed in the second half of 2014.

Miami Gardens, Fla. — The owners of Palmetto Gardens Plaza, a 7.1-acre center in Miami Gardens, have reached a settlement with PNC Bank, secured a new loan with Hudson Financial Services and signed a lease with Wal-Mart for a Neighborhood Market Store as its anchor tenant.

In January of 2010, PNC Bank filed a foreclosure action against Palmetto Design Center, the property owner. That action has been settled.

New York -- A report by Wall Street Journal revealed that private equity investor Tower Three Partners will sell its final 3.9 million shares in Restoration Hardware Holdings, marking an exit for the buyout firms that acquired the home furnishings retailer in 2008.

Restoration Hardware’s private-equity backers have been cashing out amid a 90% rally in the stock this year, according to the report.

 New York — YogaWorks has begun construction on its first location in Brooklyn. The new studio will encompass 5,800 sq. ft. in the new Brooklyn Heights Plaza on Joralemen Street. Set to open next spring, this will mark YogaWorks 28th location. It will include two large, lofty studios with 13 ft. ceilings. One studio will feature a specially designed lyengar yoga wall, spa-like locker rooms complete with showers and towel service plus a lifestyle boutique and tea bar.

Chicago -- Englewood Construction’s restaurant group has completed Williston Brewing Co., an upscale restaurant and lounge in booming Williston, N.D.
 
“Williston Brewing Co. provides a much-needed dining and entertainment option for oil field workers and their families,” said William Di Santo, president of Lemont, Ill.-based Englewood Construction. “We’ve been fortunate to take part in the area’s commercial construction boom sparked by North Dakota’s oil rush.”