Apparel

Washington, D.C. -- Gerald S. Divaris, chairman and CEO of Divaris Real Estate, announced the company negotiated five leases totaling 17,469 sq. ft. of commercial space in the metropolitan Washington, D.C., market.

Wash ‘N Dry - leased 5,792 sq. ft. of retail space at Ashdale Plaza located in Woodbridge, Virginia. Retailers at the center include: Family Dollar, Popeye’s, Wells Fargo, Goodwill and Davita. The landlord, A.R. Kronstadt Realty Investors, was represented by DRE’s Susan McGee.

Victoria’s Secret has gone big with a remodel in Las Vegas.

Located at Miracle Mile Shops in Planet Hollywood Resort & Casino, the expanded and remodeled store is almost triple its original size, and now totals over 20,000 sq. ft. It’s the chain’s largest space to date in Las Vegas.

In addition to Victoria’s Secret’s complete collections, the flagship features a dedicated space for the company’s Pink brand.

L Brands chairman and CEO Leslie Wexner is assuming leadership of the company’s biggest division, Victoria’s Secret, after the retailer announced that CEO Sharen Jester Turney had resigned. Her sudden and unexpected departure follows a tremendous growth run for the brand.

Turney spent 16 years with Victoria’s Secret, joining the brand in 2000 as president and CEO of Victoria’s Secret Direct. She became CEO of brand in 2006. She will continue to serve as an advisor to the business, according to an L Brands statement.

For the fourth consecutive year, a department store has nabbed the top spot in a survey of the nation’s favorite fashion retailers.

Nordstrom took the top spot in the study, by Market Force Information. Interestingly, several discount retailers moved up the list this year, with Marshalls landing in the No. 2 spot. H&M and Ross Dress for Less tied for third, Kohl’s was fourth and Macy’s was fifth.

The contingent of athletes representing Canada at this summer’s Olympic games in Brazil will be feeling strong and confident during the opening ceremonies thanks to a new design deal announced by Hudson’s Bay Company.

Hudson's Bay, Canada's iconic retailer, announced that Dean and Dan Caten, Dsquared2 will design the outfit for Team Canada for the Opening Ceremonies at the upcoming 2016 Olympic and Paralympic Games in Rio.

Nordstrom revealed dramatic plans for a massive and elaborate flagship in Manhattan designed to wow residents of a city accustomed to the best retailers have to offer.

The approximately 363,000-sq.-ft. store will encompass four individual properties in the Columbus Circle neighborhood of Manhattan, along Broadway between West 57th and West 58th Streets. Slated to open in 2019, it will be the retailer’s second largest store to date (the largest, at 383,000 sq. ft., is in its Seattle hometown).

Blue Nile made its brick-and-mortar debut last June, and the company is so pleased with the results that it plans to add more stores.

The online jeweler announced it will open its second physical outpost, at the Westchester Mall in White Plains, New York, by early summer. It is the first of up to four locations the company plans to open this year.

Chattanooga, Tenn. -- CBL & Associates Properties announced that it closed on a new 10/90 joint venture for Triangle Town Center and Commons in Raleigh, North Carolina, with DRA Advisors. The new joint venture acquired the property from the existing 50/50 joint venture between CBL and The Richard E. Jacobs Group for a total consideration of $174.0 million, including assumption of a $171.1 million loan secured by the property. CBL now holds a 10% ownership position in the asset and is responsible for leasing and managing, earning customary fees.