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REAL ESTATE

  • Habit Burger Grill to open sixth Arizona location

    Phoenix — The Habit Burger Grill is opening its sixth Arizona location in Scottsdale in the Promenade at Scottsdale Road and Frank Lloyd Wright.

    The Irvine, Calif.-based restaurant also operates more than 60 locations in California and two in Utah.

     

  • Finest Café & Marketplace to NYC financial district

    New York — Finest Café & Marketplace has leased a storefront at 46 Trinity Place, between Edgar and Rector Streets in New York City’s financial district.

     It will be the casual dining and take-out restaurant’s fifth Manhattan location. Faith Hope Consolo, chairman, Joseph A. Aquino, executive VP, and Arthur Maglio of Douglas Elliman’s Retail Group represented the landlord and tenant.

     

  • CVS opens new mail service pharmacy

    Woonsocket, R.I. — CVS Caremark has opened a 150,000-sq.-ft. fulfillment center in Mt. Prospect, Ill. It will support the CVS Caremark Pharmacy Benefit Management book of business. The $67 million facility can fill 50 million prescriptions annually. Proprietary technology at the facility automates 90% of the dispensed prescriptions and 80% of the prescriptions packaged for mailing. On-site pharmacists visually check all of the prescriptions.

  • CBL appoints new board of directors member

    New York -- CBL & Associates Properties has announced the appointment of A. Larry Chapman to its board of directors.

    Chapman is a retired 37-year veteran of Wells Fargo. He most recently served as group head of the bank’s commercial real estate lending business, responsible for the group’s 75 nationally located real estate loan production offices and 1,500 full time employees.

  • Red Robin swoops into Peoria, Ill.

    Greenwood Village, Colo. — Red Robin Gourmet Burgers will open its first location in Peoria, Ill., on Sept. 2. To help celebrate the grand opening, Red Robin will donate the new restaurant’s sales of Freckled Lemonade for the first week of operations to Alex’s Lemonade Stand Foundation, a non-profit organization dedicated to finding cures for all kids with cancer.

  • Shop24 Global to open at Cal Poly Pomona

    Pomona, Calif. — The Cal Poly Pomona Foundation plans to open a Shop24 automated convenience store at California State Polytechnic University, Pomona, in September.

    The store will serve residents at the University Village, a student housing facility with more than 1,300 residents. Shop24 is a totally automated and refrigerated convenience store designed for 24/7 access.

     

  • CBRE promotes Patrick Arangio to vice chairman

    New York — CBRE Group announced today that Patrick Arangio, co-leader of CBRE’s Capital Markets’ National Loan Sale Advisory Group, has been promoted to vice chairman. The 13-year industry veteran has participated in the advisory and placement of more than $18 billion in loan sales during his career. At age 34, he will become Capital markets’ youngest vice chairman.

    In 2012, Arangio earned a spot on The Mortgage Observer’s Top 20 Under 35.

  • Westroads Mall begins mall-wide renovation

    Omaha, Neb. — Westroads Mall has begun work on a major, two-phase renovation and remodeling of the three-level, enclosed, 1.2-million-sq.-ft. super-regional shopping center in Omaha, Neb.

    Phase I is underway with mall-wide painting plus interior and exterior LED lighting installation. Phase I will also upgrade the malls energy management system. Plans call for Phase I to finish before the holiday season.

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