REAL ESTATE

HomeGoods joins Whole Foods in the Mayfair Collection
Chicago - HSA Commercial Real Estate announced that the firm has executed a 22,454-sq.-ft. lease with HomeGoods for the second phase of The Mayfair Collection, which is now under construction in Wauwatosa (Milwaukee), Wisconsin. HomeGoods will occupy the northern end cap of a building to be anchored by a 45,150-sq.-ft. Whole Foods Market.
Esplanade mixed-use property to undergo major renovation
Phoenix - The Esplanade mixed-use development on E. Camelback Road in Phoenix will under significant renovations beginning in first quarter of 2015, according to third-party manager CBRE.

On the Rebound

Northeast retail real estate benefits from region’s improving economy

The country as a whole has weathered some difficult economic times in the past several years, with the Northeast among the hardest-hit regions.
Sports Authority rolls out updated format in Las Vegas area

Englewood, Col. - Sports Authority continues to roll out its enhanced store environment in both existing stores and new locations nationwide. Most recently, the retailer completed the remodel of an existing store and also opened two new units in the Las Vegas area.
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.