REAL ESTATE

Los Angeles — CBRE’s nation retail investment group has announced the sale of San Antonio’s Westover Marketplace Shopping Center on behalf of Coventry Real Estate Advisors. Inland American purchased the 242,664-sq.-ft. property for an undisclosed price.

The Class A regional power center resides inside the Westover Hills master-planned development. It is 93.4% occupied.

Bexley, Ohio — Stanbery Development has named Marc Hays as a partner. He will focus on finding locations for new developments and acquisitions as well as leasing.

San Diego — Simon Property Group has announced that AllSaints, Pink, lululemon athletica and Free People plan to open stores at San Diego’s Fashion Valley in coming months.

British fashion house, AllSaints will open a 5,200-sq.-ft. space in late March. The international retailer now has 107 stores in eight countries.

New York -- Nordstrom Inc. is delaying the opening of its Nordstrom Rack chain in Canada until 2017, in order to focus its attention on the launch of its full-line department stores there, The Globe and Mail reported.

Nordstrom had initially planned to start opening Rack stores in Canada next year. But the company has decided to focus on  the openings of its six Canadian department stores (the first, in Calgary, is due to open this fall).

Covington, La. — Stirling Properties has announced the opening of a full-service Walgreens in Terrytown on the Westbank of New Orleans. The new drugstore stands on the site of a former shopping center anchored by an A&P Grocery store and an Eckerd Drug store.

Indianapolis — Simon Property Group has launched a new dedicated Simon Venture Group, a business that will invest in retail innovation, with a focus on opportunities that enhance the shopping experience.

Mikael Thygesen, chief marketing officer of Simon Property Group said: "We believe we have only scratched the surface on applying technology to the retail environment in innovative, interesting ways."

Shreveport, La. – Houston-based developer NewQuest Properties is reportedly planning to build a roughly 22-acre shopping center in southwest Shreveport, La. According to the Shreveport Times, the center will be known as Camp Forbing Town Center and be located on a 47-acre parcel owned by the YMCA.

Canton, Mass. -- Dunkin' Brands, the parent company of Dunkin' Donuts and Baskin-Robbins, has signed a multi-unit store development agreement with new franchise group, BG&E Investments, to develop five Dunkin' Donuts restaurants and one Dunkin' Donuts/Baskin-Robbins combination location throughout East Texas. The first restaurant is planned to open in summer 2014, and the remainder by 2018.