REAL ESTATE

Embattled Sears Holdings Corp. is putting 16 of its namesake stores on the online auction block.

Construction has begun on an outdoor observation deck that will jut out 65 ft. from 30 Hudson Yards in Manhattan at an elevation of 1,000 ft.

The Bon-Ton Stores has been thrown a lifeline.

Giant Food Stores is making a $70 million capital investment over the next two years in Pennsylvania.

Phillips Edison & Company, one of the nation’s largest owners and operators of grocery-anchored centers, will be adding value-fashion and home goods stores at two of its centers in Illinois.

Jim Terrell, who in 36 years at Sears Holdings presided over divestiture, repurposing, and subleasing of dozens of properties, has joined A&G Realty Partners as managing director.

Nordstrom is set to open its first-ever full-line, full-price store in New York City.

RH (Restoration Hardware) has made its Portland (Oregon) debut. But don’t call it a store.