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REAL ESTATE

  • Old Navy opens its first LEED certified store

    New York — Old Navy has received LEED Silver certification for its new location in Fort Worth, Texas. It is the first LEED certified store in the chain’s portfolio.

    The location also features Old Navy’s updated store environment, which has an upbeat and fun ambience, raceway layout and key destination areas for easy shopping.The clean and modern design is accented with a colorful palette. A kid-friendly area features an interactive video game projected onto the floor

  • Macy’s: Two new stores in the works

    Cincinnati — Macy’s Inc. said it will open two new stores near Chicago and Milwaukee, including its first-ever location in an outlet mall.

  • Report: Nordstrom eyeing Canada

    New York — Nordstrom Inc. is scouting out sites to expand into Canada, Dow Jones reported.

    "We already know we have a lot of Canadian customers," Nordstrom spokesman Colin Johnson said in the report. Also, Canadians make up the biggest share of Nordstrom's international online customers.

    Johnson did not give a timeframe when Nordstrom might make a formal announcement, but did say the company would start with its full-priced stores before opening any Nordstrom Rack outlets in the country, according to the report.

  • Walmart, Home Depot each pledge $1 million for Joplin tornado relief

    New York — Walmart and The Home Depot have each pledged $1 million to help rebuilding efforts in tornado-ravaged Joplin, Mo.

    Each of the retailers had a store in Joplin that was leveled in the storm. Both stores had fatalities inside them.

    In a statement, Walmart said it has accounted for all of its associates working at the store at that time, but still is reaching out to all of its employees in the area. It also is working to direct truckloads of water, food and other basic items to Joplin.

  • Gap expanding Athleta brand

    New York — Gap Inc. plans to Athleta stores at the Grove shopping center in Los Angeles and at Fashion Island mall in Newport Beach, Calif., this fall, according to the Los Angeles Times.

    Gap bought Athleta, which sells sells women’s clothing for such sports as yoga, running and swimming, along with shoes and other fitness accessories, in 2008. At the time, Athleta just an online and catalog business. The brand opened its first two retail stores in the last year, both in Northern California.

  • Four chains honored with ICSC Hot Retailer awards

    Las Vegas — The International Council of Shopping Centers has named Athleta, Smashburger, Aldi and Fossil as the 2011 Hot Retailer Award winners.

    The annual awards, based on a survey of ICSC’s worldwide members, were presented Tuesday at the association’s global retail real estate convention, REConn.

  • Disney Store celebrates 25 years with new and remodeled stores

    Pasadena, Calif. — Disney Store plans to open its interactive concept stores in more than 40 locations in 2011 the company announced today at the Global Retail Real Estate Convention in Las Vegas.  The company said that by the end of 2011, it will have 60 new concept stores in 16 major markets in North America and eight countries.

  • Samuels & Co. completes 5 deals for Merlin Entertainments

    Los Angeles -- Samuels & Co. Inc. said it has recently completed five transactions for Merlin Entertainments Group, the second largest location-based entertainment company in the world which develops, owns and operates outdoor theme parks and indoor attractions.  

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