Skip to main content

REAL ESTATE

  • Joint venture acquires greater Cleveland center

    NEW YORK — Hornig Capital Partners, a privately held New York City-based investment company, has combined in a joint venture with Hutensky Capital Partners of Hartford, Conn. to acquire the Golden Gate Shopping Center in Mayfield Heights, Ohio, in the greater Cleveland region. The joint venture purchased the property from Forest City Enterprises for $47,050,000, together with B&D Holdings, making it one of the largest single asset retail deals in the region during the past 24 months.

  • Long Island’s South Ocean Avenue gains two new tenants

    Patchogue, N.Y. -- A storefront retail space in downtown Patchogue, New York, has secured leases totaling 7,400 sq. ft., according to North Plainfield, N.J.-based Levin Management.

    The 23,000-sq.-ft. space at 35-71 South Ocean Ave. will feature sushi restaurant 360 Taiko Sushi & Lounge (4,900 sq. ft.) and apparel retailer Jeans Fashion (2,500 sq. ft.).

  • UGG to launch online site; open stores for new tween-girls brand

    New York -- UGG Australia on July 14 will launch an e-commerce site dedicated to its new tween-girls brand, I Heart UGG. The retailer also plans to open two I Heart UGG stores, in Waikiki, Hawaii, and in San Francisco, in early September.

    The new line includes footwear, loungewear, accessories and handbags and will be available in the United States, Japan and China.

  • Apple plans six new China stores

    Cupertino, Calif. – Apple Inc. is planning to open six new stores in China, judging by advertisements for store managers the company has posted on its Chinese website, Bloomberg reported. The company is seeking store managers for units the Chinese cities of Tianjin, Chongqing, Wuxi, Zhengzhou, Shenyang, and Hangzhou, none of which currently has an Apple-owned retail outlet.

  • REI announces two new store openings for spring 2015

    Seattle -- REI will set up shop in two new locations next spring. The national outdoor retailer will open in Princeton, New Jersey. REI is also extending its presence in the Atlanta area, with a 24,000-sq.-ft. store in Alpharetta, Georgia.

    REI’s 23,000-sq.-ft. store in Princeton will be located at Mercer Mall.

  • Staples expanding home/office automation platform; 500 store rollout planned

    Framingham, Mass. -- Staples is expanding its home and office automation platform, Staples Connect, including a rollout to 500 stores, new pricing for the Staples Connect Hub, and collaborations with Microsoft, Jawbone, and D-Link. Staples is also the first retailer to announce the integration of wearable technology to its platform.

  • Report: Blank Label opens Boston store; plans six new locations

    Boston – Specialty men’s apparel retailer Blank Label opens its second store in the Downtown Crossing neighborhood of Boston on June 30. According to CNBC, Blank Label, which opened as an online-only retailer in 2009 and opened its first store in Boston in 2013, plans to open six more new physical stores on the East Coast by 2016.

X
This ad will auto-close in 10 seconds