REAL ESTATE

Starwood Retail Partners announces new CFO
Greenwich, Conn. -- Starwood Retail Partners, the retail operating platform formed by Starwood Capital Group, announced that it has named Angela Aman CFO, effective Aug. 10. Aman brings more than a decade of experience as a financial executive to her newly created position, including having spent the last four years as CFO and treasurer of Retail Properties of America, Inc.

Aman will be responsible for strategic planning, implementing and management of all accounting and financial functions, as well as investor relations and partner reporting.
Uniqlo to open Boston flagship
New York -- Uniqlo is coming to Boston.

The Japanese fast-fashion retailer will open its first permanent store in the city, a two-level, 12,000-sq.-ft. flagship in Faneuil Hall Marketplace in October.

In a nod to its surroundings, the store will feature heavy earth tones, wood, and brick with the original walls of the structure exposed. Open ceilings will highlight the building’s original wood trusses.

Italian luxury brand opens first flagship

New York -- An upscale men’s footwear brand has opened its first flagship, on Madison Avenue in Manhattan.

Ibex Construction, New York-based firm specializing in high-end retail and corporate construction, has completed the first flagship boutique for Italian luxury brand Louis Leeman. The new retail space is modeled to resemble a classic Parisian home with a modern update featuring an antique marble fireplace, contemporary couches with lavish velvet cushions and custom interior designs that create an ambiance of sophisticated elegance.
Midwest retailer expanding

Grand Rapids, Mich. -- Meijer is on the move in Wisconsin.

Continuing an estimated $750 million investment in Wisconsin, Meijer on Tuesday opened two more superstores in the state. The retailer announced plans to open two to three new Wisconsin locations per year through 2019.

Meijer, which now operates 222 stores, entered Wisconsin just six weeks ago, with two stores. The retailer traditionally focused its growth on five states: Michigan, Ohio, Indiana, Illinois, and Kentucky.
Now Trending: Designs of the Times

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

In recent years, a very old practice has gotten some new attention: design is once again ascendant in the world of commercial development.

While design never went away, of course, the degree to which great design is being prioritized, cultivated and integrated into the development of memorable spaces and places is noteworthy.
JLL goes to the dogs

Chicago -- Some shopping centers are getting dog friendly.

In response to consumer demand for dog-friendly retail centers, nearly 30 JLL-managed properties are now encouraging shoppers to bring their canine companions to the mall for themed events from 5 p.m. to 8 p.m. each Wednesday in August.

The newly launched Dog Days program will test the markets’ receptiveness to a dog-friendly shopping experience with four themed nights at participating centers:
Nation’s largest operator of wholly owned grocery-anchored centers acquires Boston property

Marshfield, Mass. -- Brixmor Property Group has acquired Webster Square, an 182,756-sq.-ft., grocery-anchored community center located on Boston’s South Shore. Cushman & Wakefield oversaw the transaction of the Star Market-anchored community shopping center on behalf of Curtis Management.
Starbucks to open stores in lower-income urban areas, including Ferguson

Seattle -- Starbucks Corp. is making good on its pledge to spur job growth among “opportunity youth,” or young people aged 16 to 24 who don’t have jobs and aren’t in school.
Baker Katz to remodel Houston retail property

Houston - Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm, has acquired a 4.5-acre property with plans to renovate two existing buildings totaling 33,000-sq.-ft. in Atascocita, in the Greater Houston area.

The firm plans to renovate the two buildings that were constructed in 1984 to update the architecture and attract new retail tenants. Construction is slated to begin early next year. Jim Bayne with Investar Real Estate Services represented the seller for this transaction
ICSC urges Aug. 15-16 sales tax holiday in Massachusetts

Boston – Massachusetts will have a tax holiday the weekend of Aug. 15-16, if the International Council of Shopping Centers (ICSC) has anything to say about it. The ICSC has sent a letter to Massachusetts Gov. Charlie Baker asking him to sign the sales tax holiday legislation currently on his desk.