Hospitality

Space Ninety 8, a new concept from Urban Outfitters, has opened in the uber-hip Williamsburg section of Brooklyn, New York. Big and spacious, the multi-level space is located in a renovated warehouse. It has an industrial look, complete with exposed ceilings and brick wall, with lots of boho-chic accents.  

The basement level houses a pop-up, with Adidas originals serving as the inaugural tenant. The space is colorful, with bold, crazy prints (the work of a local artist) accenting the walls and displays.

Knoxville, Tenn. — Four new retailers have signed leases with University Commons, a new retail center adjacent to the University of Tennessee campus in Knoxville, Tenn. The property’s developer, CHM, made the announcement.

The newly signed retailers are Fresh To Order, a fast-fine restaurant concept; Blush Boutique, an affordable-fashion concept; Great Clips, the chain’s twentieth Knoxville-area shop; and Jersey Mike’s, the fast casual submarine sandwich franchise.

Dallas — Applebee’s has purchased a one-acre pad in Richardson, Texas, from Leon Capital Group. Venture Commercial Real Estate represented Applebee’s in the transaction.

Venture Commercial’s full-service real estate platform includes landlord and tenant representation, property management, land sales, disposition and income property sales. As the D-FW partner of X Team International, Venture is able to serve its clients on a national scale.

Miami – Consolidated net income at Burger King Worldwide Inc. grew 68.7% year-over-year during the first quarter of fiscal 2014, rising to $60.4 million from $35.8 million. In the same period, total revenues fell 26.5% to $240.9 million from $327.7 million.

Systemwide same-store sales grew 2%. Burger King cited severe weather as negatively affecting North American sales, as well as the net refranchising of 327 company-owned stores during the quarter. The retailer attributed its net income growth to improvement in overseas EBITDA performance.

New York — Winick Realty Group has completed leasing the 12,919 sq. ft. of retail space at Gantry Park Landing, a new, 199-unit luxury rental building in Long Island City.

Winick represented The Lightstone Group, the building’s owner, in three lease transactions.

Seattle – Starbucks Coffee Corp. plans to open 1,500 new stores worldwide during 2014, including 600 in North America. Starbucks CEO Howard Schultz said that Starbucks is under-stored in many markets, including North America, during a conference call discussing the company’s second quarter financial results.

Seattle – Starbucks Coffee Company reported generally strong performance in the second quarter of fiscal 2014, compared to the same period a year earlier. Earnings per share rose 10% to $0.56, from $0.51.

Consolidated net revenues grew 9% to $3.87 billion from $3.55 billion, while consolidated same-store sales increased 6%.

The retailer cited its Teavana business, partnership with Oprah Winfrey, and new payment and loyalty technology as all contributing to overall fiscal growth.

Washington, D.C. – U.S. consumers spent more than $21 billion on video game content, hardware and accessories in 2013. According to a new report from the Entertainment Software Association (ESA), the trade association representing the U.S. video game industry, called “2014 Essential Facts about the Computer and Video Game Industry,” 181.3 million Americans play video games.

Other findings from the report include:

• 51% of U.S. households own a game console, and those that do own an average of two;