Tesla

Slidell, La. -- Stirling Properties and CBL & Associates Properties announced new tenants and updates to Phase II of Fremaux Town Center in Slidell, Louisiana.

Newly signed tenants include: Books-A-Million, moving from its current location at Northshore Square Mall, will occupy 7,500 sq. ft. and is expected to open on March 3; Five Below will occupy a 8,024 sq. ft. space and is expected to open April 6; Allure Nail Spa, and LensCrafters are opening spring of 2016.

Kansas City, Mo. -- Taubman Centers and The Macerich Company announced an agreement to purchase Country Club Plaza located in Kansas City, Missouri, from Highwoods Properties. Taubman and Macerich will each have a 50% interest in the center, which will be jointly managed by both companies. The mixed-use retail and office property was purchased for $660 million cash, excluding transaction costs. Concurrent with or shortly after closing, a long-term, fixed-rate loan for 50%-60% of the purchase price is expected to be placed on the asset.

RCS Real Estate Advisors announced today that it secured almost $2,000,000 at auction for home goods chain Anna's Linens, which filed for Chapter 11 on June 14.

An Austin, Tex.-based hardware store has the big boxes taking notice.

Who else has a Container zStore founder, an exclusive deal with Tesla, and fans who like its earth-friendly mission to be the Whole Foods of the DIY set.

Read more about TreeHouse by clicking here.

 

Berkeley, Calif. -- Donahue Schriber Realty Group acquired Gilman Village on January 30, marking the Costa Mesa, California-based company’s second Bay Area acquisition in the past month.

Besides the Gilman Village acquisition in Berkeley, California, Donahue Schriber purchased Village Oaks shopping center, a 320,000-sq.-ft. property anchored by Target and Safeway located in San Jose, California.

Bloomfield Hills, Mich. -- The Mall at University Town Center has opened in Sarasota, Fla. Featuring more than 100 retailers and restaurants, well over half of which are unique to the Sarasota-Manatee market. The Mall at UTC is the only newly built enclosed regional shopping center to open in the United States this year.  

Grocery-anchored centers respond to changing consumer tastes and consolidation

As supermarket tenants are challenged to meet the needs of an increasingly diversified and sophisticated consumer base, and given the significant trend toward consolidation, landlords are tasked with delivering top-notch grocery-anchored centers — with a diminishing number of anchors from which to choose.

Add in growing pressure on the grocery segment from competitors in the mass merchandise, discount and even dollar store verticals, plus small — but real — grocery in

New York -- Application delivery and security solution-provider for virtual and cloud data centers, Radware, announced Blueport Commerce, a Software-as-a-Service omnichannel solution for the furniture industry, has selected the Alteon NG to help drive online sales and manage its ecommerce platform.

Beachwood, Ohio -- Shopping center owner DDR Corp. has installed the third Tesla Supercharger station in its portfolio; the newest Supercharger station is located at Hamilton Marketplace in Hamilton, New Jersey, and represents the third state where a flagship Supercharger station has been activated at a DDR shopping center, following Virginia and Ohio.

Based on current conversations, the relationship could expand to several more locations across the country by year-end, according to DDR.

The Model S is the world’s first premium sedan built from the ground up as an electric vehicle and has been engineered to elevate the public’s expectations of what a premium sedan can be. Model S has received many of the industry’s most prestigious awards and accolades during its first year on the market.