REAL ESTATE

SRS Real Estate Partners hires senior VP to Houston Office
Houston -- SRS Real Estate Partners welcomes Jonathan Hicks as SVP and co-market leader in the Houston office. Hicks will lead the Houston office alongside team member, Cody Persyn.

"The addition of Jonathan to our Houston office complements our existing business immensely," said Woody McMinn, president of North American brokerage. "Cody's depth and tenure at SRS, and around the country, joined with Jonathan's market contacts and local industry involvement, are going to make a great market leader team."
Nordstrom to open second, smaller store in Manhattan
Nordstrom isn't satisfied with just one location in the Big Apple.

'Disneyland of supermarkets' to open another N.Y. store

Popular Northeast grocer Stew Leonard's is planning to open a 70,000-sq.-ft. store in Long Island this year.

Construction on the new store will start this summer with an anticipated opening date of mid-2017, the company said. Earlier this month, Stew Leonard’s opened its first Long Island store in Farmingdale’s Airport Plaza on Route 110.

The family-owned and operated grocery chain was founded as a dairy store in 1969 in Norwalk, Conn.
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.
Convenience stores keep advancing

Despite plummeting fuel prices, the ranks of convenience stores swelled to a record level last year.

The U.S. convenience store count increased to 154,195 stores as of Dec. 31, a 0.9% increase (1,401 stores) from the year prior, according to the 2016 NACS/Nielsen Convenience Industry Store Count.
Chef Christian Petroni to bring renowned Italian restaurant to Downtown Brooklyn

Brooklyn, N.Y. -- Acadia Realty Trust and Washington Square Partners, co-developers of City Point, announced that Fortina, the Italian restaurant of chef, Christian Petroni, signed a 15-year, 4,612-sq. ft. lease, at the 1.8 million-sq. ft. mixed-use project in Downtown Brooklyn, New York.
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.