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REAL ESTATE

  • Wegmans plans Massachusetts expansion

    Gates, N.Y. - Wegmans Food Markets begins recruitment for full-time positions March 4 for its latest Massachusetts location, Burlington, which is scheduled to open in fall 2014. The company's third location in the state is a 135,000 sq.-ft. supermarket that includes a Market Cafe with indoor and outdoor seating. Going forward, Wegmans also plans to open more stores in Massachusetts, including a location in Westwood, in 2015.

  • Let Us Entertain You

    As a category of shopping center, open-air centers have been evolving ever since the days they were called lifestyle centers. New categories of tenants have evolved, along with new ways of creating compelling tenant mixes and environments. We asked three open-air owners to tell us about current and possible future directions that evolution may take.

     

    The companies are San Diego-based American Assets Trust; Irvine Co. Retail Properties in Irvine, Calif.; and Columbus, Ohio-based Glimcher Realty Trust. Here’s what they had to say.

  • Report: L. Brands expanding internationally

    New York -- L Brands Inc., parent of  Victoria's Secret, is bullish when it comes to foreign expansion. The company opened 160 international stores in 2013, for a total of 863 locations. It hopes to add more than 140 this year, according to Columbus Business First.

    Victoria's Secret expects to open 100 stores in 2014, including six additional locations in the United Kingdom, the report said.

  • Wayfair expands lease for planned Boston headquarters expansion

    Boston -- Online retailer Wayfair has added 170,000 sq. ft. to its lease with Simon Property Group at The Offices at Copley Place in Boston's Back Bay neighborhood. In anticipation of a June 2014 relocation, the additional space brings Wayfair's new office space to a total footprint of 275,000 sq. ft.

  • New spring, summer leases at Glendale Galleria

    Glendale, Calif. — Throughout the spring and summer, Glendale Galleria will open nine new stores and eateries including Armani Jeans, Blaze Pizza, Brighton Collectibles, Chipotle, Coach, Earthbar, Lolli & Pops and Zumiez.

    They will join La Baugette, another newcomer, which opened its Glendale Galleria location back in February.

  • Michigan Rising?

    Speaking with Ron Goldstone, senior VP at Southfield, Mich.-based Farbman Group really got my juices flowing about the Midwest retail real estate marketplace — Michigan in particular. The state’s retail real estate market is an interesting candidate for closer study, simply because the Detroit dynamic, even in its extremes, gives us a valuable perspective on the national landscape:

  • Divaris finalizes four new retail leases in Richmond metro

    Virginia Beach, Va. — Divaris Real Estate has announced four new retail leases in the greater Richmond area.

    Friendly Motors has leased 5,000 sq. ft. in the Divaris-leased and –managed Belt Trade Center.

    Zoe’s Kitchen has taken 2,800 sq. ft. in The Corner at Short Pump. DRE’s Richmond office represented the tenant in the negotiations.

  • Report: Gap plans China expansion

    San Francisco – Gap Inc. reportedly plans a substantial increase in its Gap and Old Navy store count in China during the next several years. Reuters reports that Gap plans to add 30 stores to its existing 81 Chinese locations.

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