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Hospitality

  • SRS wins U.S. MAXI Award at ICSC

    DallasSRS Real Estate Partners earned a silver U.S. MAXI Award at the Encore Hotel in Las Vegas during the ICSC RECon Convention. The awards are open to shopping centers, shopping center companies, specialty retailers, specialty leasing managers, marketing directors and general managers.

    SRS received a silver Award in the B2B division of the Traditional Marketing category for its effective brand enhancement campaign.

     

  • Marcus & Millichap brokers Playa Vista sale

    Playa Vista, Calif. — Marcus & Millichap has arranged the sale of The Shops at Concert Park, a portfolio of two 100% triple-net leased retail condominium shopping centers in Playa Vista, California, a master planned community in the Westside region of Los Angeles.

    The buyer paid $16.9 million for the properties. That equates to $743 per sq. ft. The Marcus & Millichap Capital Corp. arranged $10,815 000 in CMBS financing to facilitate the sale.

  • Fairfax, Virginia, project receives entitlements

    Washington, D.C. — The Fairfax, Virginia, City Council has approved a rezoning application for Combined Properties’ Fairfax Circle Plaza. The project aims to redevelop the current strip retail center and replace it with a mixed-use development with up to 400 new apartments and 88,000 sq. ft. of retail including a grocery store.

    The project is located at the intersection of two major routes just over a half mile from the Vienna, Virginia, Metro station.

  • Firehouse Subs enters Charlottesville, Virginia, market

    Charlottesville, Va. — Firehouse Subs has signed a 2,264-sq.-ft. lease for its first location in Charlottesville, Virginia — at 100 Shoppers World Court.

    Divaris Real Estate’s Richmond, Virginia, office represented Firehouse Subs in the transaction. Divaris (www.divaris.com) has represented Firehouse in the site selection and lease negotiations for the majority of its Hampton Roads sites and for several locations in the greater Richmond area.

  • Macy’s to anchor new mall in Hawaii

    Cincinnati -- Macy’s announced an agreement for Macy’s to anchor the new Ka Makana Ali‘i in Kapolei in West O‘ahu, Hawaii. Current plans call for the 103,000-sq.-ft., one-level store to open in mid-2016.

  • Verizon partners with Locaid for location-based service

    New York – Verizon Enterprise Solutions has recently introduced a location-based service that will allow retail organizations to offer real-time benefits to their customers, such as proximity-based specials and fraud detection. Verizon Location Data Services, powered by Locaid, is available now to enterprise retail clients in the U.S.

  • New Claudette restaurant leases Fifth Avenue site

    New York — Restaurateurs Carlos Suarez and Mark Barak, known for their two popular eateries, Bobo and Rosemary’s, have taken space for a new Provencal restaurant to be called Claudette in New York City.

    Located at 24 Fifth Avenue close to Washington Square Park, Union Square and New York University, the 2,409-sq.-ft. restaurant, which includes 2,044 sq. ft. in the basement, features menus from Chef Wade Moises and Chef de Cuisine Koren Grieveson that focus on local produce, seafood and North African aromatics.

  • Tabani Group buys Glen Town Center in Chicago’s MSA

    Glenview, Ill. — The Tabani Group has acquired The Glen town Center in Glenview, Illinois, in the Chicago metro area.

    The 267,732-sq.-ft. center is located just 20 minutes from downtown Chicago in the affluent North Shore suburb of Glenview. Dick’s Sporting Goods and separately owned Von Maur, anchor the center. Tenants include Jos A. Bank, Yard House, Bravo! Cucina Italiana and the Regal Glen 10 Movie Theatres, which are also separately owned.

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