Restaurant

Santa Monica, Calif. -- Beverly Hills, Calif.-based Maxxam Enterprises said that Steak ‘n Shake is entering the California market with a new restaurant on Third Street Promenade in Santa Monica.

The 4,300-sq.-ft. space is located near the intersection of the Promenade and Broadway, across the street from Santa Monica Place, the new upscale shopping mall in Downtown Santa Monica.

Steak ‘n Shake said it plans for a grand opening later this year, after completing tenant improvements to its space.

 

SEATTLE — Starbucks reported that its second-quarter profit rose 26% to $390.4 million, up from $309.9 million last year, amid sales increases in the Americas and Asia regions.

Total net revenue for the quarter ended March 31 rose 11% to $3.56 billion, not quite the $3.58 billion Wall Street expected. Global same-store store sales grew 6%, driven by a 4% increase in traffic and a 2% increase in average ticket, marking the 13th consecutive quarter of global comp growth greater than 5%. 

Pinecrest, Fla. -- Terranova Corp. said that it has signed a deal with Spanish restaurant chain 100 Montaditos to open a unit at Suniland Shopping Center, in Pinecrest, Fla.

100 Montaditos has signed a lease for 2,500 sq. ft. in Suniland, where it is projected to open in fourth quarter 2013. It is the third deal Terranova has transacted with 100 Montaditos, which it has signed in Coral Gables’ Miracle Mile and in downtown Miami’s Vizcayne, a condo tower with ground-floor retail.
    

Morrisville, N.C. -- The Kalikow Group, on behalf of KEP Morrisville Realty and EYC Cos., said that Grace Park, a mixed-use development featuring 90,000 sq. ft. of ground-floor and outparcel retail space, as well as 180 residences, is nearing 100% occupancy with the addition of four new tenants.

Trali Irish Pub, leased 4,100 sq. ft. at the Morrisville, N.C. property, and Health Station will occupy 1,500 sq. ft.  Ladders Teaching Supply is opening a 1,500-sq.-ft. store and Italian restaurant Mare leased 3,200 sq. ft.

Washington, D.C. -- Douglas Development announced that it has purchased a new mixed-use property in Chinatown DC. The 10,000-sq.-ft. building includes three levels of office space and 4,000 sq. ft. of street-level retail.
     
Douglas Development acquired the property from Washington, D.C.-based law firm Wingfield & Ginsburg, which has since leased back all of the office space from Douglas Development.
      

Seattle -- Starbucks Coffee Company reported that its second-quarter profit rose 26% to $390.4 million, up from $309.9 million last year, amid sales increases in the Americas and Asia regions.
     
Total net revenue for the quarter ended March 31, 2013, rose 11% to $3.56 billion, not quite the $3.58 billion Wall Street expected.  Global same-store store sales grew 6%, driven by a 4% increase in traffic and a 2% increase in average ticket, marking the 13th consecutive quarter of global comp growth greater than 5%.
 

Leesburg, Va. -- Cypress Equities said that Orvis will open a new store at the 1.2 million-sq.-ft. Village at Leesburg mixed-use project in Leesburg, Va.

Orvis will occupy 6,022 sq. ft. in a new 13,000-sq.-ft. retail building currently under construction. Orvis is slated to open in fall 2013.

Huntington Beach, Calif. -- Bruxie announced that it opened its fifth waffle restaurant, with a new unit in Southern California in Huntington Beach on April 23.

Bruxie Gourmet Waffles opened at The Strand on 5th, a collection of shops and restaurants, boutique hotel and office space. Other key retail tenants to the coastal attraction include RA Sushi, Forever 21, Skechers, Active Ride, Rip Curl, Merrilee’s Swimwear, Johnny Rockets, ANGL, and CVS Pharmacy.