REAL ESTATE

Casey’s reveals $31.5 million tax error; plans 72-108 new stores
Ankeny, Iowa – Casey’s General Stores Inc. will revise its financial statements for fiscal years 2012, 2013 and 2014 and the first quarter of fiscal year 2015, due to a $31.5 million error in how it accounted for excise tax on sales of ethanol fuel. The retailer also stated a fiscal 2015 goal of building or acquiring 72-108 new stores and replacing 25 existing stores.
Charming Charlie coming to the Big Apple; names Victoria’s Secret exec as head of merchandising
New York - The fast-growing accessories retailer Charming Charlie is entering the New York City market in spring 2015.

Dunkin’ Donuts on a tear with 63 new sites planned for San Francisco area

CANTON, Mass. - Dunkin’ Donuts continues its aggressive expansion with the signing of multi-unit store development agreements with five franchise groups for a total commitment of 63 new restaurants in the greater San Francisco Bay Area, Palm Springs and Bakersfield over the next several years.
Paster Enterprises rebrands to Paster Properties

St. Paul, Minnesota - Shopping center developer and manager Paster Enterprises has rebranded to Paster Properties, and has debuted a new look and website.
RPAI acquires Avondale Plaza

Redmond, Washington - Retail Properties of America, Inc. announced the purchase of Avondale Plaza, a 39,000-sq.-ft. neighborhood shopping center in Redmond, Washington (Seattle MSA). The center is located on Avondale Road, and is anchored by PCC Natural Markets. The purchase price was approximately $15 million.
Forever 21 to open at The Shops at SkyView Center

Flushing, New York - The Shops at Sky View Center announced that Forever 21 has signed a lease with plans to open at the Queens shopping destination this coming spring. The store, to be located on Level D across from Nordstrom Rack, will occupy a 10,093 sq. ft.
The Container Store and more opening stores at Westchester’s Ridge Hill

Yonkers, New York - Forest City Ratner Companies, owner and developer of Westchester’s Ridge Hill in Yonkers, New York, announced that The Container Store will occupy 25,000 sq. ft. on Market Street across from The Whole Foods Market Yonkers.
Real estate report: Luxury retail is a high-growth category

Seattle - Colliers International released the highlights of its latest global retail report – examining 125 retail real estate markets in 50 countries – and found that luxury retail continues to show strong growth in the top global markets and prime cities in Asia.
Cabela’s expanding retail footprint with two new stores

SIDNEY, Nebraska — Cabela’s Inc. is expanding into new markets, with plans to open a store in Gainesville, Virginia, and Ottawa, Ontario, Canada.
Miracle Mile welcomes new retail tenants

Chicago -– During the upcoming winter, Miracle Mile Shops at Planet Hollywood Resort & Casino will convert nearly 6,000-sq.-ft. of open space into four new retail destinations by welcoming M•A•C Cosmetics, Desigual and Lush Fresh Handmade Cosmetics and opening a larger, renovated House of Hoops by Foot Locker. M•A•C Cosmetics opens in December, followed later in the winter by global apparel retailer Desigual.