REAL ESTATE

Rio de Janeiro, Brazil -- Indianapolis-based Simon Property Group and Latin American retail real estate company BR Malls Participacoes S.A. announced Tuesday that they signed a 50/50 joint venture agreement to develop and own outlet centers in Brazil.

The first outlet center of the joint venture is slated to open in Sao Paulo in 2013.
 

Dallas -- SRS Real Estate Partners announced two new hires in marketing for the Phoenix and Mobile, Ala., offices.

Susan Riddle and Kelly Anderson have joined the team as marketing coordinators and will be responsible for executing the national and local marketing strategies.

Riddle comes to SRS from Rowland Constructors where she was the marketing coordinator/executive assistant to the managing partner. Anderson joins SRS from Pilot Catastrophe where she served as an independent contractor for Allstate Insurance.
 

New York -- Uniqlo announced that it will open a 29,000-sq.-ft. flagship in San Francisco, in the fall of 2012. The store, which will be located at 111 Powell Street, close to the Union Square shopping district, marks the brands’ first location outside of New York and will act as the epicenter for expansion along the West Coast.

Virginia Beach, Va. -- Divaris Real Estate has announced several promotions within its sales and leasing divisions, as well as in its property management arm.

According to Gerald S. Divaris, president, Eric Bucklew, Krista Costa and Erica Meekins were all promoted to VP in the Virginia Beach headquarters of DRE.

Toronto -- Indianapolis-based Simon Property Group and Calloway Real Estate Investment Trust, Toronto, announced Tuesday that they will launch construction on Canada’s first upscale outlet center on April 25.

The first phase of the planned 500,000-sq.-ft. center will open in summer 2013.

Toronto Premium Outlets is a 50/50 joint venture between Calloway and Simon, and will feature more than 100 upscale outlet stores.

Cherry Hill, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that Coco Fruit will open a 180-sq.-ft. kiosk in the Macy’s wing of Cherry Hill Mall, located in Cherry Hill, N.J.

The company also announced that Chicken Now has opened in the mall’s food court, in a 441-sq.-ft. location.

In 2012, Cherry Hill Mall has welcomed The Art of Shaving, Henri Bendel is opening this summer, and additional will be announced shortly, including an upscale home furnishing retailer, according to PREIT.
 

New York -- Japanese apparel retailer Uniqlo will open its first store on the West Coast, in a 29,000-sq.-ft. space in San Francisco, this fall, the Wall Street Journal reported.

Uniqlo is also looking for locations in Los Angeles and other California cities, according to the report. To date, the company has opened three U.S. stores, all in New York City.
 

Los Angeles -- CIM Group announced the acquisition of Block 37, a five-story retail center located on the State Street retail corridor in Chicago’s Central Loop.

Block 37 is located directly across the street from Macy’s State Street. It is also in the heart of Chicago’s State Street retail corridor, which boasts a significant concentration of National Historic Landmark, National Register of Historic Places and Chicago Landmark designated buildings and attracts millions of local customers and tourists every year.