REAL ESTATE

Lone Tree, Col. -- Westwood Financial Corp. has sold the 34,749-sq.-ft. Heritage Hills Shopping Center in Lone Tree, Colo., as part of its efforts to strengthen its strategic investment in new Southeastern U.S. markets. The retail property, located at 9227-9231 Lincoln Ave., was in Westwood Financial’s portfolio for 11 years and sold to Carlisle Properties for $11.4 million.

New York City -- Tourneau opened a new concept store in Manhattan. The 3,135-sq.-ft. space offers a dramatic departure from traditional jewelry and watch stores in that it does not have counters. Instead, it features a series of long tables in the main showroom that can be approached from all sides.

Tourneau employees, equipped with iPads in hand, unlock the cases when customers want to look at a watch.

The new store was created by San Francisco-based architecture firm Eight Inc., which has also worked on the Apple stores.
 

Tustin, Calif. -- Real estate brokerage firm Present Value Properties said Tuesday that Britt Nelson has joined the company as VP.

Previously founder and president of NewCity Development, Nelson was responsible for site selection, acquisition, and procurement of development projects. Other responsibilities included coordination of the overall development teams and municipal relations.

Nelson will be working with existing Present Value Properties' clients including Pizza Hut and Menchie’s Frozen Yogurt franchisees.

New York CIty -- With its array of in-store services, expanded food offerings and unexpected amenities, the new Duane Reade flagship in downtown Manhattan pushes the envelope of drugstore retailing -- and it does so with a style and ambience that sets it apart from the competition.

Chicago -- General Growth Properties announced Tuesday that Susan E. Houck has been named senior VP marketing.

In her new capacity, Houck will spearhead integrated field marketing efforts, including advertising, public relations, strategic planning, community relations, and travel and tourism.

Prior to her appointment as senior VP, Houck oversaw marketing efforts for the Southwest region of GGP.
 

Burlington, Mass. -- Columbia, S.C.-based Edens & Avant announced Wednesday details of its redevelopment of Middlesex Commons retail center in Burlington, Mass.

With a relocated and expanded Market Basket, Old Navy and a new Nordstrom Rack and DSW as key anchors, Middlesex Commons has been redesigned to better connect to the local community by offering a more dynamic retail mix and a more personalized shopping environment.

Pleasanton, Calif. -- Off-price retailer Ross Stores will celebrate the opening of its 1000th Ross Dress for Less store, in North Pleasant Hill, Calif., on July 16.

The new store is Ross’ 50th location in the Bay Area. The company operates more than 1000 Ross Dress for Less and dd's Discounts locations.

New York City -- Saks said Tuesday it will open a licensed Saks Fifth Avenue store in Almaty, Kazakhstan, in August 2012.

The full-line department store, which will tailor its merchandise to the region, will open in Esentai Shopping Mall, which is part of a new mixed-use development featuring residential, office and hospitality components.

The three-story, 91,000-sq.-ft. store will showcase a three-story-high, state-of-the-art digital video screen on the building’s facade.