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REAL ESTATE

  • Toni & Guy to open at Preston Park Village

    Plano, Texas -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Plano, Texas, at Preston Park Village to Toni & Guy.

    The hair, skin and nail salon will open a 1,690-sq.-ft. location in January 2011.

    The 239,333-sq.-ft. shopping center is anchored by a 53,118-sq.-ft. Tom Thumb alongside national retailers Panera Bread, Williams Sonoma, Ann Taylor and The UPS Store.

  • Regency signs 23,500 sq. ft. at Atlanta shopping centers

    Atlanta -- Jacksonville, Fla.-based Regency Centers said Tuesday it has leased more than 23,500 sq. ft. of retail and restaurant space for seven new merchant locations in the Atlanta metro market.

    According to Andre Koleszar, Regency Centers’ VP and regional officer, Atlanta-area retail business is getting stronger. “We’ve seen leasing activity recovering and retailers are attracted to shopping centers in prime locations with a merchandising mix that attracts upscale customers, ” he said.

  • Centro NP Residual Holding forms JV with Inland American

    New York City -- Centro NP Residual Holding LLC said Friday it has sold a portion of its interest in 25 shopping centers and formed a joint venture with Inland American CP Investment, LLC, a wholly owned subsidiary of Inland American Real Estate Trust.

    The new joint venture has secured $310 million of term loans with J.P. Morgan and Goldman Sachs, which mature in 10 years and are secured by assets within the joint venture.

  • Grubb & Ellis names execs

    Los Angeles -- Grubb & Ellis Co. announced Monday that Arlene Sommer and Mark Robinson have joined the company’s Office Group as executive VPs, along with Evan Kantor who joins as a senior associate.

    Specializing in office tenant representation, primarily in the media, entertainment, legal and financial industries, the team joins from Studley, where they served as executive managing director, senior managing director and assistant director, respectively.

  • Report: Fast Retailing plans major U.S. push

    New York - Fast Retailing, Asia’s biggest clothing chain and the parent of Uniqlo, is lookjing to open at least 200 Uniqlo stores in the United States  by 2020 as it seeks to raise sales sixfold in a decade, according to a Bloomberg report. 

    "The United States is one of the most important markets for us,” Shin Odake, CEO of Uniqlo’s U.S. unit, said in an interview with Bloomberg Television. 

  • Elite Game Speed opens in South Tampa

    Tampa, Fla. -- Tampa, Fla.-based RMC Property Management Group announced that athlete training facility Elite Game Speed has opened a 9,000-sq.-ft. facility in South Tampa, Fla.

    The space was previously occupied by Creative Loafing, and its new use as a state-of-the-art training facility for amateur and professional athletes by Elite Game Speed will serve as the largest indoor training facility of its kind in Tampa. The facility opened on Nov. 30.

  • Grubb & Ellis bolsters lease administration capabilities

    Santa Ana, Calif. -- Grubb & Ellis Co. announced that Susan E. Calvert and Joe I. Munoz have joined the company’s Lease Administration group.

    Calvert, who joins as manager, Lease Administration, spent two years as a real estate administrator with SRS Real Estate Partners, where she was responsible for commercial portfolios spanning approximately 350 locations. Munoz, who will also serve on the lease administration team, spent seven years with SRS Real Estate Partners, ultimately rising to the position of lead real estate administrator. 

  • Survey: Increased focus on real estate for retailers in 2011

    Chicago -- Jones Lang LaSalle, in a survey released Thursday, found that protecting and building the brand and driving responsible growth are the chief priorities of major retailers for 2011.

    The survey, conducted by Jones Lang LaSalle at its recent Retail Executive Forum event, also revealed that the retail industry is placing increasing importance on the value of real estate as a key component of its business and brand strategies for next year.

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