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  • Canal Street Market set to open in Manhattan

    A food hall-cum-retail bazaar called Canal Street Market is set to open at the northern edge of Chinatown in downtown Manhattan, just south of SoHo and Tribeca.   Developer Philip Chong is claiming the site will be the first combined food and retail experience in this section of New York. A food hall will feature about a dozen options, including Yori Nori, a new concept from the owners of Korila and Mokbar, plus Davey’s Ice Cream and Boba Guy.  

  • St. Louis Center sold for $10.6 million

    Springfield, Illinois-based Jared Commercial has acquired the Chippewa Center in St. Louis from an investment partnership controlled by Pace Properties. The purchase price was $10.6 million.   The 147,920-sq.-ft. center is located in the densely populated Shrewsbury neighborhood of St. Louis. Chief tenants are Shop ‘n Save, Value City Furniture, and Dollar Tree.   The deal was brokered for Jared Commercial by Mid-America Real Estate.

  • Fox named VP at Divaris

    Photo: George Fox   Divaris Real Estate has named George Fox VP of sales and leasing at its Virginia Beach office. He will represent both landlords and tenants in North Carolina and Virginia, with a primary focus on the Hampton Roads market.  

  • Magnolia Bakery, six others, open at New York outlet center

    Magnolia Bakery, the Greenwich Village shop that ignited the cupcake craze with its appearance on "Sex in the City," opens this week at Woodbury Common Premium Outlets in Central Valley, New York.   This is the first storefront for Magnolia on the East Coast, aside from its original location. It maintains shops in Los Angeles, Chicago, Honolulu, Japan, Korea, Mexico, and the United Arab Emirates.  

  • Macomb Mall Shops sold

    Mid-America Real Estate Corp. announced it had brokered the sale of the Macomb Mall Shops in Roseville, Michigan, for $3.6 million.   Lormax Stern Development Company of Bloomfield Hills, Michigan, was the seller. The purchaser was an unnamed private developer.   The 8,074-sq.-ft. center, located at the northwest corner of Gratiot Avenue and Masonic Boulevard in Roseville, houses AT&T, Chipotle, and Potbelly’s.

  • Pennsylvania center gets innovative traffic control system

    The new Hamilton Crossings shopping center in Lower Macungie Township, Pennsylvania, will benefit from an innovative new traffic control system that manages signal timing based on continuously monitored traffic volumes.   The system allows traffic approaching the center from a major artery to the mall “largely unstopped” by lights, township engineer Alan Fornwalt told Allentown’s Morning Call.  

  • Casto’s focus shifts to urban projects

    Casto has been successful building shopping centers in Ohio for 70 years because it’s not afraid to shift with the times, Don M. Casto III said in yesterday’s edition of the Columbus Dispatch.   The company has increasingly joined forces with other developers on mixed-use projects and turned back to its roots of building residences and retail buildings in downtown Columbus, the paper reported.   

  • Petco creates market expansion role

    Petco has named William Engen senior VP of retail market expansion, a newly created role dedicated to optimizing the company’s investments in store growth.    Engen, who joins Petco from Wingstop Restaurants, where he served as COO, will be in charge of real estate, construction, and store design. He previously served in senior operations roles at 7-Eleven and Circuit City.  

  • Glimcher exec moves to Olshan to head retail

    Kenneth Marshall, a 25-year veteran of the retail real estate industry, has joined Olshan Properties as head of retail. For the last two years, he was VP of development at WP Glimcher.   Marshall began his career in 1991 with Urban Retail Properties and worked there for 12 years, rising to VP of development. He did stints at Westfield, Colonial Properties Trust, and Mid-America before joining Glimcher.  

  • Inland sells FedEx facility

    Inland Private Capital Corporation has sold a FedEx Ground facility in Zionsville, Indiana, for $37.1 million.   The 303,000-sq.-ft. FedEx center was constructed just two years ago on the property, which covers two land parcels totaling 49 acres in the town 17 miles northwest of downtown Indianapolis.  
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