Retail

Dallas -- Venture Commercial Real Estate said it represented L.A. Fitness in the completion of a long-term lease for a 50,000-sq.-ft. facility in the new Cityville at Cityplace mixed-use development, under construction in Dallas.

“Urban infill presents a challenge as we expand to open new clubs in densely populated areas such as Dallas’ Uptown neighborhood,” said John Gabriel, senior VP real estate for LA Fitness.

Venture Commercial has helped L.A. Fitness secure 27 locations across the Dallas-Fort Worth area.

MONTVALE, N.J. — A&P announced that it has reached an agreement with its labor unions that would help the retailer on its path out of bankruptcy.

New York City -- Michael Kors Holdings Ltd. is looking to raise as much as $792.3 million in an initial public offering that could value the company at $3.63 billion.

The luxury brand, which has 169 stores in North America and 34 in Europe and Japan, said in a regulatory filing that it is offering 41.7 million shares on behalf of existing shareholders for $17 to $19 each.

WASHINGTON — President Barack Obama on Friday announced nearly $4 billion in combined federal and private-sector energy upgrades to buildings over the next two years. These investments will save billions in energy costs, promote energy independence, and, according to independent estimates, create tens of thousands of jobs in the hard-hit construction sector.

Poway, Calif. -- Jacksonville, Fla.-based Regency Centers said that Villa Capri Ristorante has leased restaurant space at Twin Peaks shopping center, located in Poway, Calif.

The 2,570-sq.-ft. restaurant is slated to open in January 2012, bringing the center to 98% leased.

Twin Peaks is a 198,139-sq.-ft. shopping center home to several national and regional retailers such as Target, Albertsons, Starbucks and Subway.

All retailers are taking price increases where they can these days, especially in food, but the pace of increases at Walmart has slowed, and its price gap relative to most competitors has widened, according to the most recent pricing survey conducted by Credit Suisse.

New York City -- Winick Realty Group said that restaurateur Danny Hodak, owner of Hell’s Kitchen Mediterranean eatery Taboon, has leased 1,000 sq. ft. of ground-floor space at 30 East 13th Street, between Fifth Avenue and University Place, for a new, as-yet-unnamed quick-service Mediterranean concept.

The restaurant is anticipated to open in the next two months and if it’s a success, Hodak plans to roll out more locations for the concept across New York City.
 

New York City -- Barnes & Noble posted a worse-than-expected net loss of $6.6 million for the second quarter, compared with a net loss of $12.6 million a year ago.

Total sales for the period ended Oct. 29, 2011, slipped 0.6% to $1.89 billion from $1.90 billion in the year-earlier quarter, with the biggest drop occurring at the chain’s college stores. Online revenue grew 17% in the quarter to $206 million, which the company attributed to increases in sales of ebooks and its Nook line of e-reading devices.