Hospitality

Dallas -- Fast-casual restaurant chain Corner Bakery Café announced two multi-unit development agreements with California-based businessman Anil Yadav, CEO of JIB Management, who plans to open 16 cafes in Seattle, and seven in Las Vegas, over the next seven years.
 

Woodland Hills, Calif. — Peak Financial Partners, Inc., a private real estate investment firm and Misuma Holdings, have acquired a $45 million note secured by Myrtle Beach Mall, a 521,000-sq.-ft. enclosed mall facility in Myrtle Beach, South Carolina.

Baltimore — The Mall of Istanbul opened today in Istanbul, Turkey. The 34.5-acre mixed-use development features 2.1 million sq. ft. of retail space, 1.4 million sq. ft. of residential space and 322,600 sq. ft. of office space.

Baltimore-based DDG won the design contract for the mall in 2009 in an international competition.

Polaroid Fotobar has opened a flagship at The Linq, a new, pedestrian-friendly shopping street in the heart of the Las Vegas Strip. The two-level, 8,500-sq.-ft. space — part retail, part museum — celebrates the storied history of Polaroid while also tapping into consumers’ love of digital photos.

Miami — Executive chef and owner Cindy Hutson plans to open a new restaurant concept called Zest in the 30,000-sq.-ft. plaza of Miami’s 1.2-million-sq.-ft. Southeast Financial Center office building. It will be her second restaurant brand following the well-regarded Ortanique, which has locations in Miami, and the Cayman Islands.

Chattanooga, Tenn. — The Cheesecake Factory and Island Purveyor featuring Tommy Bahama have taken space at CoolSprings Galleria in Nashville, Tenn., according to the center’s owner CBL & Associates Properties. Both plan to open later this year.

The new tenants are part of CBL’s redevelopment and expansion plans for the 1.1 million-sq.-ft. super regional shopping center anchored by Belk, Dillard’s, J.C. Penney and Macy’s.

Tarrytown, N.Y. — DLC Management Corp. has acquired The Court at Deptford in Deptford, New Jersey. DLC plans to redevelop the 361,000-sq.-ft. center located next to the Deptford Mall.

Tenants include Ross Dress for Less, Party City, Pier 1 and Olive Garden.

Shopping centers in the well-occupied trade area averages occupancy rates of 95%, thanks to a population of 210,985 with an average annual income of $77,600.

Waban, Mass. – Amazon.com took second place overall and was the highest-ranked retailer in the 2014 Temkin Customer Service Ratings, which rates 233 companies across 19 industries with 10,000 U.S. consumers. Other retailers in the top 12 include Chick-fil-A, Publix, H-E-B, Starbucks, Costco, QVC, and Trader Joe's.