REAL ESTATE

Sebring, Fla. -- Aldi opened a 17,000-sq.-ft. supermarket in Sebring, Fla., on Thursday.

The new store is Aldi’s 42nd Florida location. The grocery retailer opened its first store in the state in 2008 and, according to the company, will have 47 in Florida by year-end.

New York City -- Target Corp. will open a store in downtown Los Angeles, at the 7+Fig shopping center, which has been without an anchor tenant since Macy's left early last year, the Los Angeles Times reported.

Expected to open in 2012, the store will be located in a combined space on one floor formerly occupied by Macy's and Bullock's department stores. It will carry a different merchandise mix, with a heavy emphasis on food and household basics, according to the newspaper.