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Chicago -- A real estate report released Wednesday by Mid-America Real Estate Corp.’s Urban Team found that much of Chicago lacks the type of product that today’s downsized big-box retailers are looking for.

San Francisco -- As consumers await the debut of Apple’s iPhone 5, two retailer applications are now ranked among the Top 20 “bestsellers” free apps as ranked by Apple.

Target ranks No. 8 overall and Walgreens No. 10 as of Thursday.

Target version 5.5.1 now allows users to receive coupons directly in the app and scan them in the store and is compatible with Apple's latest iPhone operating system iOS 6. And now search results on the Target app can be filtered by price, in-store or online availability and color.

Jacksonville, Fla.-based Regency Centers has acquired Balboa Mesa Shopping Center, a 189,321-sq.-ft. infill shopping center anchored by a 42,247-sq.-ft. Vons grocery store.

Regency purchased the San Diego property for $59.5 million from Balboa Realty LLC.
 
Built in 1969, Balboa Mesa Shopping Center is also anchored by a 77,000-sq.-ft. Kohl’s and a 24,000-sq.-ft. CVS/pharmacy.

Seattle -- Nordstrom announced plans to open Nordstrom Rack stores in the Milwaukee suburb of Wauwatosa, Wis.; Ann Arbor, Mich., and Columbus, Ohio.

It will be the retailer's first location in the state of Wisconsin.

The approximately 36,000-sq.-ft. store in Wauwatosa, Wis., is scheduled to open in spring 2014 at The Mayfair Collection, a 250,000-sq.-ft. planned adaptive reuse development of a former industrial complex and distribution center.

Dallas -- SRS Real Estate Partners has been selected to represent Shopko in the disposition of its outlot properties and vacant properties in 19 states across the Midwest and western United States.

The outlots range in size from 14,000 sq. ft. to 219,000 sq. ft., and the vacant properties range in size from 18,700-sq.-ft. retail locations to a 214,000-sq.-ft. industrial property.

Tempe, Ariz. -- Indianapolis-based Simon Property Group said that Arizona Mills will continue to expand its retail mix this October with the opening of Crazy 8.

Crazy 8, a concept from The Gymboree Corp., will be located across from J.C. Penney. Other retail offerings include Last Call by Neiman Marcus, Saks Fifth Avenue Off 5th, H&M, Forever 21, Kenneth Cole Company Store, American Eagle Outfitters, G by Guess, 2b Bebe and more.

Minneapolis -- Target Corp. said it will open a store in East Peoria, Ill., in March 2013.

The store will be part of the 86-acre East Peoria Downtown development. This will be the first Target store in East Peoria.

Boyertown, Pa. -- Brixmor Property Group said that Dollar Tree has opened a 9,600-sq.-ft. store at Boyertown Shopping Center, located in Boyertown, Pa.

Brixmor, based in New York City, is the owner of Boyertown Shopping Center.