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REAL ESTATE

  • Shopping center pioneer Alfred Taubman dies at 91

    New York -- A. Alfred Taubman, a real estate developer who is credited with inventing the modern indoor shopping center, has died. The 91-year-old Taubman died Friday evening of a heart attack at his Bloomfield Hills, Michigan, home.

    The announcement was made over the weekend by his son, Robert Taubman, chairman, president and CEO of Taubman Centers Inc., in a statement to employees.

  • H&M to open new Texas store at Uptown Village at Cedar Hill

    Stockholm, Sweden - H&M will open at Uptown Village, Cedar Hill, Texas. Measuring approximately 21,000-sq.-ft., the store is set to open in the fall of 2015 and will add to fast-fashion chain’s 14 current locations in the state of Texas.

  • Inland American Real Estate Trust is now InvenTrust Properties Corp.

    Oak Brook, Ill. - Inland American Real Estate Trust Inc. has changed its name to InvenTrust Properties Corp., effective immediately. The company’s new website address is Inventrustproperties.com.

  • BFC Properties breaks ground on Staten Island’s Empire Outlets

    New York - BFC Partners has broken ground on Empire Outlets, a 340,000-sq.-ft. retail complex that will create more than 1,800 jobs and bring $285 million in private investment to the New York City borough of Staten Island.  

  • CBL Properties, Horizon Group expand Outlet Shoppes of Atlanta

    Chattanooga, Tenn. - CBL & Associates Properties Inc. and Horizon Group Properties Inc. have begun construction on the second phase of The Outlet Shoppes at Atlanta. The 33,000-sq.-ft. expansion is scheduled to open before the 2015 holiday season and will bring several popular retailers to the center, including Gap Outlet and Banana Republic.

  • Victoria Gardens, Rancho Cucamonga, California

    Victoria Gardens will break ground on a full streetscape renovation encompassing 1.19 acres of the center along its Monet Avenue, according to Melina Ferraez, director of marketing for Victoria Gardens.

  • Simon’s Shisui Premium Outlets expands by 62 stores

    Indianapolis - In partnership with Mitsubishi Estate Co. Ltd., Simon has opened the expansion of the Shisui Premium Outlets located outside Tokyo. Shisui Premium Outlets initially opened in April 2013.

    This first phase of the project opened 100% leased with 121 stores featuring a mix of international brands, Japanese brands and restaurants. The second phase, opening April 17, adds 62 new stores, including four restaurants, bringing the total store count to 183. The expansion adds 136,000-sq.-ft. of stores, bringing the total project to 375,000-sq.-ft.

  • And the strongest housing markets are…

    New York -- Retailers with stores in Denver, San Antonio, Nashville, Fort Lauderdale and Dallas might see some strong sales in the months ahead based on a new report, which identifies those cities as the nation’s hottest housing market.

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