REAL ESTATE

Westfield unveils new customer journey at LAX Terminal 2
Los Angeles -- Westfield invested $78.3 million into LAX terminal 2 in Los Angeles, transforming nearly 76,000 sq. ft., including more than 15,000 sq. ft. of new dining and retail at Los Angeles International Airport. According to Westfield, the upgrade brings together a vibrant design, local restaurants and signature retail, creating a more holistic customer journey.
Restaurant chain to stay in the fast lane with expansion
Newk’s Eatery is on track with its plans to double in size in the next three years.

The Jackson, Mississippi-based fast-casual chain entered six new markets and increased its store count by 27% in 2015, opening 20 new locations. It currently operates 96 eateries in 13 states.

First Look: CVS Pharmacy in Target

The conversion of Target’s in-store pharmacies and health clinics to CVS Pharmacy and Minute Clinic has begun.

The first of the new store-within-a-store concept showcasing the CVS Health and Target partnership went live Wednesday morning in the Charlotte, North Carolina, market.

Teams from Target and CVS Health will spend the next six to eight months converting all of Target’s 1,672 pharmacies and 79 clinics nationwide to CVS Pharmacy and Minute Clinic locations.
Brixmor Property Group signs grocery-anchor at Highridge Plaza

Yonkers, N.Y. -- Brixmor Property Group announced it has strengthened its tenant offering at Highridge Plaza in Yonkers, New York, with the addition of Hmart, an Asian-American supermarket chain. Hmart is scheduled to open a 41,764-sq.-ft. store in fourth quarter 2016.
Coach to go big on Fifth Avenue

Coach will celebrate its 75th anniversary with the opening of a three-level flagship on Fifth Avenue in Manhattan,

The store, at the corner of Fifth Avenue and 54th Street, is due to open in the fall.
WP Glimcher completes sale of two non-core malls for $30 million

Columbus, Ohio -- WP Glimcher has completed the sale of Forest Mall in Fond Du Lac, Wisconsin and Northlake Mall in Atlanta. The two non-core assets were sold to private real estate investors for $30 million.
REI to expand footprint in two states

Specialty outdoor retailer REI is on the move.

The company has two new stores in the works, one in Rochester, New York, and the other in Winter Park, Florida.

Expected to open in fall 2016, REI Rochester will be located at CityGate, which is in the heart of the city's university and hospital district. With the Finger Lakes and several ski resorts nearby, the 27,000-sq.-ft. store will carry gear and apparel for snow and water sports.
What General Growth’s CEO really said about Amazon’s expansion plans

A passing reference at the end of a conference call about Amazon.com’s possible plans for physical stores by General Growth Properties' CEO has taken on a life of its own with speculation raging that the online retailer will soon open 400 stores.
Inland names executive VP and head of property management

Oak Brook, Ill. -- Inland Investment Real Estate Services hires Niall J. Byrne as executive VP and head of property management. Byrne will be responsible for IIRES’s property management for Inland Investments, Inland National Development Corporation and Inland Institutional Capital Partners.
Publix looks north as it enters its seventh state

Publix Super Markets has signed leases to open its first-ever stores in the state of Virginia.