Real Estate

New York -- Prudential Douglas Elliman's Retail Group said that Italian accessories retailer Mariana Antinori will open a luxury store – the brand’s first in New York -- at 1242 Madison Avenue, between 89th and 90th Streets.

Nearby are Jacadi, Rachel Riley, Baby Cottons and Brooks Brothers, as well as Armani Jr., Robert Marc, Christopher Fischer Cashmere, Malia Mills and Pink Chicken 'Tween.
 

Glen Burnie, Md. -- Jones Lang LaSalle said that it has been awarded the leasing and management of Centre at Glen Burnie, a 419,858-sq.-ft. retail center located in Glen Burnie, Md.

Developed in 1963, the Centre at Glen Burnie is 85% leased and anchored by Target, Hhgregg, Office Depot, Dick's Sporting Goods and Toys R Us.  Other tenants include Chick-fil-A, FootLocker, GNC, Payless ShoeSource, Radio Shack, Five Guys, Famous Footwear and Dots.
 

St. Charles, Mo. -- Peoria, Ill.-based Cullinan Properties said that Five Guys Burgers and Fries has opened has opened at the Streets of St. Charles, located in St. Charles (St. Louis), Mo. – the burger brand’s first in the county.

Barnegat, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said that Big Lots is slated to open a new anchor store at Bayshore Plaza in Barnegat, N.J., in August.

The 31,612-sq.-ft. store will fill a space formerly occupied by A&P.

Additional tenants include McDonald’s, AT&T Wireless, Barnegat Pharmacy, and a mix of local restaurants and services.

Levin serves as leasing and managing agent for Bayshore Plaza.
 

Los Angeles -- CBRE Group announced that Mike Gerard has been named president of the company’s U.S. Central Division, a geographic region with more than 25 offices in nine states.

Gerard has served as chief learning officer since early 2011, with responsibility for CBRE University, and other learning and development programs. He will continue to provide executive oversight for CBRE University. Andrea Lipton, corporate director of learning & development, has been promoted to VP and will run the university’s day-to-day operations.

Plymouth Meeting, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that Calla Lily Salon recently opened a 1,529-sq.-ft. hair salon at Plymouth Meeting (Pa.) Mall.

Charming Charlie opened at the mall in July.

Plymouth Meeting Mall is anchored by Macy’s, Boscov’s, and Whole Foods Market and Café.
 

South Jersey’s first Henri Bendel has opened at Cherry Hill Mall, located in Cherry Hill, N.J.

The PREIT-owned property now features a 2,300-sq.-ft. Henry Bendel designer fashion boutique, joining Nordstrom, True Religion, Hugo Boss, Michael Kors, Guess by Marciano, and more.

“As South Jersey’s fashion destination, Cherry Hill Mall continues to welcome venerable style icons to the property,” said Lisa Wolstromer, Cherry Hill Mall senior marketing director.

Naperville, Ill. -- Office Max Inc. reported Thursday net income of $10.7 million for the second quarter, besting Wall Street predictions and representing a strong turnaround from last year’s $3 million loss stemming from store closures and severance expenses.

Revenue for the quarter slipped 2.7% to $1.6 billion, missing analysts’ forecasted $1.64 billion in revenue. The office supply retailer said it will reinstate its quarterly common stock dividend, which it suspended more than three years ago.

New York -- Aurora Capital Associates, a real estate investment firm, is reported to be acquiring New York-based discount retailer Daffys with plans to sublease its stores, according to Crain’s New York.

Daffy’s, which operates 19 stores, in July announced plans to liquidate by October.

The company has several prime real estate sites, eight of which are located in prime shopping area of Manhattan.

Real Estate Weekly first reported the news concerning Daffy’s possible acquisition.

El Segundo, Calif. -- Big 5 Sporting Goods Corp.'s quarterly profit beat Wall Street estimates, fueled by strong sales of apparel and footwear.

For the second quarter, ended July 1, the company posted net income of $2.6 million.

Sales rose 4% to $226.6 million, narrowly missing Wall Street estimates of $227.4 million, which the company attributed to July 4th-related sales shifting to the third quarter. Same-store sales increased 1.0%.