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  • Nest one of fastest-growing private companies

    For the sixth time, Nest has appeared on Inc. magazine’s ranking of the nation’s fastest-growing private companies.

    Nest — ranked no. 4783 on the 35th annual Inc. 5000, with three-year sales growth of 48%. The listing features successful companies within the American economy’s most dynamic segment — independent small businesses. Companies such as Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees of the Inc. 5000.

  • Kimco announces $265 million in deals

    Kimco Realty Corp. has purchased the remaining 85% interest in a four-property joint venture portfolio, a deal that includes the assumption of $103 million in mortgage debt. The company also announced it had acquired a Whole Foods-anchored center in the D.C. area for $95 million.  

  • Ground breaks on Staten Island Mall expansion

    Construction has begun on a 240,000-sq.-ft expansion of the Staten Island Mall, the largest shopping center in the New York City borough.   The multi-phase project will take two years to complete, and will add some 75,000 sq. ft. of space to Macy’s plus 40,000 sq. ft. for a new Dave & Busters and a 12-option food court. A new wing with a three-level parking deck is destined for one side of the General Growth Properties mall.  

  • NRDC names Mannion chief of property operations

    Photo: Noel Mannion   Noel Mannion, who spent the bulk of his career with the National Realty & Development Corp., has been named the Purchase, New York-based company’s executive VP of property operations.   Mannion, previously managing director of operations, will be responsible for overseeing budgeting, maintenance, repair and improvement projects, billing, lease administration, and risk management for NRDC’s portfolio of more than 78 projects in 14 states.  

  • Mixed-use project slated for up-and-coming Austin ‘hood

    A newly formed developer called the Maker Bros. has announced plans to build a $150 million mixed-use project in South Austin, Texas, christened the Saint Elmo Market District.   A 40,000-sq.-ft. former school bus factory on the site will be converted into and indoor-outdoor marketplace that will serve as the new home of the Saxon Pub, a celebrated live music hall in Austin. Maker Bros. has apportioned 100,000 sq. ft. of the site for office space, a boutique hotel, and condos.  

  • Macerich opens its rebuilt San Francisco ‘fortress’

    It was already generating $700 per square foot in revenue, but Broadway Plaza in San Francisco’s East Bay got a complete makeover from owner Macerich that was unveiled last week. Fireworks and a performance by Mark McGrath of Sugar Ray accompanied the ribbon-cutting.   Gross leasing area was expanded to beyond 900,000 sq. ft. and more than 50 new stores inhabit the open-air center that debuted in 1951. Nordstrom, Neiman-Marcus, and Macy’s anchor the plaza that Macerich has owned for the last 30 years.  

  • CBL sells its interest in Harrisburg center

    CBL & Associates and High Real Estate Group has the sold their joint interest in High Pointe Commons in Harrisburg, Pennsylvania, to Unison Realty Partners for $33.8 million.    The proceeds will be used by the sellers to retire secured loans totaling $17.4 million, and CBL will use its net proceeds to reduce outstanding balances on its lines of credit.  

  • Breitling Boutique opens at WTC

    Swiss watchmaker Breitling opened its boutique at Westfield World Trade Center in New York and promises to make it an all-senses experience for shoppers.  
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