REAL ESTATE

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.
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.

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.)
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.
Gordon Brothers Japan writes first–of-its-kind book on asset value solutions

Boston -- Gordon Brothers Group announced that its Japanese affiliate, Gordon Brothers Japan, has published a book, “The Asset Based Solution – Case Studies of Corporate Finance Utilizing Asset Value.”
Mid-America Real Estate handles sale of Broadway Commons

Oakbrook Terrace, Illinois -- Mid-America Real Estate Corporation’s Investment Sales team brokered the sale of Broadway Commons in Rochester, Minnesota. Austin, Texas-based Epic Real Estate Partners purchased the 140,578-sq. ft. property.

Broadway Commons is located at the northeast corner of South Broadway and US Highway 52. The center features national tenants including Bed Bath & Beyond, Dress Barn, DSW, Famous Footwear and Michael’s.
Golf retailer expanding west

PGA Tour Superstore continues to broaden its footprint with its first store in Utah.

The retailer announced it will open a 25,000-sq.-ft. store in Sandy, Utah, in April. The Sandy store, which will feature four state-of-the-art simulators, four practice hitting bays and an expansive putting green measuring more than 750 sq. ft., is the first of five new store locations the company has announced for 2016.
Trademark hires VP of leasing

Fort Worth, Texas -- Trademark Property Co. announced Phil Pearson has joined the firm as VP of leasing. A 30-year industry veteran, Pearson will help manage multiple leasing projects for Trademark. Pearson will work with potential tenants, development partners and construction representatives to coordinate the entire leasing process. He will create and maintain relationships with national retailers, restaurants, brokers and consultants.
Time Equities acquires Columbia Gorge Premium Outlets for $28,425,000

Troutdale, Ore. -- Time Equities announced the expansion of its Northwest portfolio with the acquisition of Columbia Gorge Premium Outlets, located in Troutdale, Oregon for $28,425,000.