REAL ESTATE

Albany, Ore. -- Vintage Real Estate announced that the company has acquired Heritage Mall, located in Albany, Ore.

The 406,500-sq.-ft. mall features more than 50 major retailers, boutiques and restaurants including Target, Sears, Ross Dress for Less and Old Navy, Maurice’s, rue 21, Zumiez, Famous Footwear, Game Stop and Bath & Body Works. It was remodeled in 2006 and is 50% occupied.

Huntsville, Ala. -- Nashville-based Baker Storey McDonald, an X Team International partner, said it has acquired its first property in Huntsville, Ala. The firm purchased Whitesburg Center for $6.7 million.

The 51,943-sq.-ft. shopping center is tenanted by Dollar Tree, Mattress Firm, Cheeburger Cheeburger and Baskin Robbins, among others.

Baker Storey McDonald will manage and lease the center.

Santa Clara, Calif. -- Westfield announced that David Yurman and Miu Miu will open first-to-market stores at its Westfield Valley Fair property in Santa Clara, Calif. A new Prada boutique will open as well, joining other luxury retailers such as Burberry, Tag Heuer, Wolford, Mont Blanc, Louis Vuitton, Tiffany and Cartier.  

Denver -- Office Depot will celebrate the ‘Office Depot Grand Opening Street Party” on Dec. 15 in downtown Denver. The one-day action sports exhibition was created to showcase Office Depot’s new store concept and kick off the company’s commitment to being one of the sponsors of X Games Aspen 2013.

New York -- Sephora plans to open 50 stores in Latin America by 2016, the San Francisco Business Times reported.

Sephora opened its first Latin American store in 2011, in Mexico City. It was followed by locations in Puebla and Guadalajara and another one in Mexico City in 2012. It plans to open an additional five locations in the country in 2013.

It is also expanding in Brazil — the third largest beauty market in the world — with four new stores this year and another six in the pipeline, according to the report.

Mississsauga, Ontario -- Walmart Canada on Friday opened its 200th supercenter, in Edmonton, Alberta. Today's grand opening marks a major milestone for Walmart Canada. The company opened its first supercentres in Ontario in 2006. Today, Walmart Canada has supercentres in six provinces and 373 stores nationwide serving more than eight million customers each week.

New York -- Canada’s Loblaw Cos. Ltd. plans to spin off the vast majority of its property assets into a real estate investment trust. The retailer said it plans to spin off real estate worth more than C$7 billion ($7.05 billion) into the REIT and sell units of the trust through an initial public offering that it hopes to complete by mid-2013.

New York -- Starbucks Coffee Co. is moving ahead full-steam. The company on Wednesday announced accelerated global growth plans that include opening at least 1,500 stores in the United States during the next five years. Including Canada and South America in the mix, Starbucks expects to add a total of 3,000 new locations in its Americas region — and renovate thousands more — by 2017.