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REAL ESTATE

  • Books For Less opens at Moorestown Mall

    Moorestown, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that Books for Less is now open at Moorestown Mall, located in the Boscov’s wing next to Spencer’s.

    The 6,473-sq.-ft. Books For Less store will be joined by Cinnabon, which is set to open at the mall in May.

  • Winick Realty announces executive addition

    New York -- Winick Realty Group announced that it has hired Kenneth Hochhauser to join the company’s executive team as executive VP to assist in both tenant and landlord representation.

    Hochhauser joined Winick Realty on May 1 following a long tenure at Newmark Knight Frank, where he ultimately held the position of senior VP.
     

  • Federal Realty Celebrates a Half-Century in Retail

    As one of the oldest REITs in existence today, Federal Realty Investment Trust has every right to send up some fireworks over reaching the 50-year mark this year.

    The Rockville, Md.-based real estate company was established in 1962 with three properties in the metropolitan Washington, D.C., area, including Congressional Plaza (shown here, both then and now). Today, Federal Realty’s portfolio comprises about 19.3 million sq. ft. primarily in its core base of the northeastern and Mid-Atlantic U.S., as well as in California.

  • Dick’s Sporting Goods to open 487th store

    Pittsburgh -- Dick's Sporting Goods will open a store in Union, N.J., on May 2.

    The Union location will be the retailer's 16th store in the state of New Jersey and its 487th nationwide.
     

  • Westwood buys retail center in Macon, Ga.

    Macon, Ga. -- Westwood Financial Corp., one of the nation’s largest owner-operators of shopping centers, has purchased Wesleyan Station, an 86,631-sq-.ft, retail center in Macon, Ga., for $8.9 million from a private seller.

  • Westwood sells Pacific Plaza Shopping Center

    Ontario, Calif. -- Westwood Financial Corp. has sold Pacific Plaza Shopping Center located at in Ontario, Calif., for $7.4 million.

    “This transaction is the latest in our firm’s overall plan to rebalance our portfolio, as the funds generated here will be reinvested in grocery-anchored properties in the Southeast,” said Westwood financial executive VP Joe Dykstra.

  • Party City to open new Manhattan location

    New York – Dallas-based SRS Real Estate Partners said it has negotiated an 11,825-sq.-ft. lease on behalf of Party City for a new store in the Penn Plaza district of Manhattan.

    The store, at 223 West 34th St., is scheduled to open in second quarter 2012. This will be the party goods retailer’s second location in Manhattan.
     

  • Coyote Management announces new strategic divisions

    Addison, Texas -- Coyote Management has announced the addition of three new strategic divisions -- a Third Party Management Division, Coyote Creative, and MER Interests.

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