REAL ESTATE

New York -- Juicy Couture, which was acquired by Authentic Brands Group in 2013, may no longer be a coveted brand in the United States, but it is still has great appeal in foreign markets. The company expects to open 133 stores (through its various licensing partners) during the next five years, according to Women's Wear Daily.

Juicy will open 31 international locations in eight countries this year, the report said. Three of the countries — India, South Africa and Azerbaijan — will be new market entries for the brand.

Dublin, Calif. -- Ross Stores recently opened 32 Ross Dress for Less stores and five dd’s Discounts locations across 15 different states. The openings are part of the off-price retailer’s 2015 expansion plans to open a total of approximately 90 stores in 2015 (70 Ross and 20 dd’s Discounts).

New York -- Bonobos, the online-driven men’s clothing brand, keeps expanding its physical presence. The company announced plans to opens its largest location to date, in Manhattan’s Flatiron District. The 4,000-sq.-ft. “Guideshop (which is how Bonbos refers to its brick-and-mortar spaces) is slated to open in June. It will be the brand’s seventeenth location nationwide and fourth in New York City, following the expected openings of Guideshops in Newport Beach, California, and Brookfield Place, New York City, in March.

Houston -- Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm, announced the acquisition of the former Baytown Seafood establishment situated on 30,000 sq. ft. of land in Houston.

The property is located at the cross streets of I-10 East and Haden Road. Baker Katz plans to demolish the current building to construct an 8,000-sq.-ft. building occupied by a combination of restaurant and retail tenants.

Indianapolis -- Simon Property Group has put out feelers to acquire The Macerich Company, confirmed by a letter from Simon chairman and CEO David Simon to Arthur Coppola, chairman and CEO of Macerich.  

Macerich has not responded to the offer, although the letter from Simon references prior discussions that include a proposal by Simon to acquire all of the outstanding stock of Macerich for $91.00 per share in cash and Simon shares. The total value of the proposed transaction is approximately $22.4 billion.
 

Philadelphia -- Tween and teen retailer Five Below will open three stores in Alabama, its first ever in the state, on March 13.

The stores, which average 7,500 sq.-ft. each, are located in Huntsville, Florence and Gadsden.

"Entering Alabama is an important next step as we continue to grow our footprint across the country," said Joel Anderson, CEO of Five Below. "We're excited to open the first of what we hope to be many stores in this great state.”  

Baltimore -- Under Armour has opened its largest store to date, on Michigan Avenue in Chicago. With nearly 30,000 sq. ft. of retail space, the store is designed to provide an immersive and interactive brand experience.  It features the latest in video and digital technology, and also includes a section dedicated to wearable fitness devices.  And for a local feel, a large wall is covered in ivy, inspired by the Wrigley Field ivy.
 

Camp Hill, Pa. — For the first time in five years, Rite Aid on Tuesday celebrated a grand opening of a store built from the ground-up.