REAL ESTATE

CBRE hires global executive of Retail Occupier, EMEA
London -- CBRE Group Inc. has appointed Mark Burlton as Global Executive of its Retail Occupier team, EMEA. Burlton will lead the development of CBRE’s Retail Occupier business in Europe, as well as advising its European retail clients on expansion into the US and Asia, and international retailers into Europe.

Burlton will be based in London and work closely with Peter Gold, head of cross border retail, EMEA and David Close, senior director, EMEA occupier cross border. He will also join CBRE’s Global Retail Executive Group.
X Team International expands into San Antonio with new partner
San Antonio, Texas -- X Team International, an international alliance of retail real estate advisors with expertise in more than 45 major markets throughout the U.S. and Canada, announced that it has welcomed San Antonio-based REATA Real Estate as its newest partner.

American Dream mega-mall adds huge Primark store

The American Dream mall will encompass three million square feet when it opens in northern New Jersey in 2017 and occupying 100,000 sq. ft. of that space will be fashion retailer Primark.
DLC announces multiple promotions to kick off 2016

Tarrytown, N.Y. -- DLC Management Corp. announced the promotions of key members including the promotion of Daniel Taub to president. The company recognizes that human capital is its most important asset when it comes to success, developing its people and promoting from within are core business practices.
Main Street Movies 5 to invest $3 million in full-scale renovation

Newark, Del. -- Atlantic Realty Companies announced Main Street Movies 5 has signed an 18,000 sq. ft. lease at Newark Shopping Center in Newark, Delaware.

Main Street will invest $3 million in a full-scale renovation of the existing theater space and expand into the adjacent space. Construction is set to begin in February with a grand opening in August.
Shops at Highland Village adds restaurant as property completes makeover

Highland Village, Texas -- Trademark Property Corp., the operating partner for The Shops at Highland Village located in Highland Village, Texas, announced Torchy’s Tacos has signed a lease for 5,262 sq. ft. at the recently renovated shopping center. In addition, Runway Seven’s flagship store will relocate this spring to a larger space.
European grocer gears up for U.S. expansion

German discount supermarket chain Lidl has revealed where it will drop its anchor in the United States.

The retailer revealed on its website that it is seeking locations between New Jersey and Georgia. It said it is looking to build stand-alone, 36,000-sq.-ft. stores on sites that are at least 3.5 acres with a minimum of 150 parking spaces.
Report: Under Armour has big store expansion plans for 2016

Athletic wear giant Under Armour plans to open some 200 store in 2016, according to The Street. While the brand did not comment, the report said the expansion would likely include a mixture of store types, including outlet locations, “Brand House” stores, (the company’s full-price, experiential format) and in-store shops. [The Street]
Another iconic Manhattan retailer to shutter

Family-owned and operated Broadway Panhandler, in Manhattan’s East Village, is going out of business after 40 years in operation.

The cookware store has long been a cult fave among restaurant chefs and home cooks alike.

As to the reason, the owner cited health issues of his wife and said his attempts to sell the business were unsuccessful, according to the New York Times.
City Furniture on the move with store renovations

City Furniture is opening a new Ashley Furniture HomeStore at the Mall at Wellington Green, Wellington, Florida., and rolling out a new design look for its Pembroke Pines City Furniture showroom in Pembroke Pines, Florida. (City Furniture is the Southeast and Southwest Florida licensee for Ashley Furniture HomeStores.)