REAL ESTATE

Cullinan Properties advances growth strategy in Missouri
St. Charles, Mo. -- Cullinan Properties continues its growth in the St. Charles, Missouri, region with the announcement of three new restaurants joining the Streets of St. Charles.

Wasabi Sushi Bar and Picasso's Coffee House are targeted to open September 2015 and P.F. Chang’s China Bistro is expected to open in spring 2016. The restaurants will join a growing list of eateries at Streets of St. Charles: Prasino, Bar Louie, Tucano’s, Dewey’s Pizza, and Five Guys Burgers and Fries.
Brixmor announces anchor repositioning and renovation
Glendale, Ariz. -- Brixmor Property Group announced that Glendale Galleria, located in Glendale, Arizona, will undergo a comprehensive renovation and will add anchor tenant LA Fitness, a 36,894-sq.-ft. new prototype facility.

“With the addition of LA Fitness and plans for a newly renovated center, we will be delivering a substantially improved shopping environment for our customers and retailers at Glendale Galleria,” said Matt Berger, senior VP of leasing for Brixmor Property Group.

CBL & Associates Properties names new VP IT

Chattanooga, Tenn. -- CBL & Associates Properties, announced the addition of Chris Bursch as VP – Information Technology and will be responsible for all areas of IT.

Bursh has more than 30 years of experience in IT Leadership within the financial services, and most recently, the pharmaceutical industry.

Prior to joining CBL Bursch owned an IT management consulting business and held various leadership positions within information technology in the Chattanooga area.
Mall Marketing Spotlight: GGP partners with style blogger for fall looks

Chicago -- General Growth Properties has launched a Fall Fashion Guide, available online and accessible to its mall shoppers around the country.
Inland Real Estate Acquisitions acquires three properties totaling 607,000 sq. ft.

Oak Brook, Ill. -- Inland Real Estate Acquisitions, Inc. announced the acquisition of three properties, located in Florida, California and Colorado, purchased in August on behalf of an Inland affiliate. The acquisitions collectively total more than $104 million for approximately 607,000 sq. ft. of commercial real estate.
Best Buy gets customers connected with AT&T

Best Buy is looking to keep its customers as connected as possible, with a little help from AT&T.

Starting this month, new AT&T shop-within-a-shops at select Best Buy stores will provide what the two companies are calling a “#ConnectedLife” experience.
Sundance expanding its store base

Salt Lake City -- Robert Redford’s Sundance Catalog is growing from its Western roots as it expands its retail footprint.

The company will open a store in Edina, Minnesota, on Thursday, Sept. 17. The opening is one of two locations Sundance will open east of the Rocky Mountains in 2015 as it grows from lits Western home base. The company plans to continue its retail growth over the next several years with additional stores targeted across various locations nationwide.
First Look: Nike, The Grove, Los Angeles

Nike has opened a soaring, one-of-kind flagship to spotlight some of its most innovative merchandise.

The three-level 31,000-sq.-ft. store, at The Grove in Los Angeles, is one of the largest in the company’s portfolio. It features a number of elements designed to celebrate the City of Angles and to serve athletes, starting with a huge “We are LA” mural that spans all three floors and is made up of thousands of icons reflecting Nike’s heritage, local sports teams and California-centric imagery.
Now Trending: Hotel and Multi-Family Residential on the (High) Rise

“Now Trending” is an exclusive online series to chainstoreage.com, featuring trending topics that impact the retail real estate landscape.

At a time when the growing influence of millennials and the ongoing development, redevelopment and revitalization of urban communities continue to shape the commercial development landscape, the changes taking place in the hotel and multi-family sectors reflect many of those same demographic and development trends.
REITs: A Smart Move for Retailers?

A red-hot real estate market and sky-high property values have some retailers, including Macy’s and more recently, McDonalds, feeling the pressure to cash in on the value of their real estate assets. How? By spinning off store properties and/or land assets into a REIT and entering into a lease-back deal.