REAL ESTATE

Brooklyn, N.Y. -- Home furnishings retailer West Elm will open a store in Pittsburgh, on Sept. 4.

Located in Bakery Square, the new store will feature a curated selection of products made in Pennsylvania, part of West Elm’s Local initiative. The initiative, launched this year, taps into local entrepreneurship by empowering the teams in West Elm stores to find area makers and designers, building and nurturing a creative network that celebrates craftspeople and differentiates the brand with regional assortments.

Tustin, Calif. -- Retail real estate brokerage and consulting firm Present Value Properties announced that it has named Andrew McLean as VP. McLean, who will be based in the firm’s Tustin, California, office, most recently served as a VP with Lee & Associates.

New York -- RKF announced that it has arranged two new leases at the Grace Building in Midtown for chef Gabriel Kreuther’s first solo restaurant and Bluestone Lane Coffee. The Grace Building is co-owned by Brookfield and The Swig Company.

Orlando, Fla. -- JLL continues to build its retail brokerage practice in Florida with the addition of Andrew Dieringer, Terrence Hart and Brandon Delanois. The trio bring more than 40 years of retail agency leasing and tenant representation experience to the team, and will be based in the firm’s Orlando office. Together, they will partner with John Lambert, Florida Retail Market Lead for JLL, and Justin Greider, VP of JLL, to help investors achieve their asset goals and work with retailers to identify and secure optimal new locations.

Chicago -- Pine Tree Commercial Realty has acquired Poplar-Prairie Stone Crossing, a class-A power shopping center located in the Northwest Chicago suburb of Hoffman Estates, Illinois. The recent acquisition is Pine Tree’s 70th and brings the company’s current portfolio to 3.4 million sq. ft. in 19 separate properties.

The 312,000-sq.-ft. shopping center is shadow-anchored by Target and features TJ Maxx, Michaels, Ross Dress for Less, PetSmart, Lane Bryant, and Sports Authority.

One retail category that’s been fascinating to watch evolve over the last several years is the women’s athletic apparel segment. Judging by the number of times reporters have asked me about women’s athletic apparel retailers in the last few months, I’m not the only one who thinks so.

Chicago -- JLL has bolstered its tenant representation practice with the addition of Jason Press as VP in the firm’s Chicago office, working on the team lead by executive VP Lew Kornberg.

Press joins JLL with more than 15 years of real estate experience facilitating hundreds of transactions valued in excess of $500 million. Prior to JLL, he co-founded North Park Properties to acquire investment properties in the Chicagoland area.

Tampa, Fla. -- Hyde Park Village and Art Production Fund will present a public installation by Jessica Craig-Martin, consisting of 46 banners on display at the Tampa luxury retail locale. These public art works will be the first in a series of outdoor exhibitions, and will be on view at Hyde Park Village beginning Sept. 19.