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REAL ESTATE

  • Survey forecasts early holiday shopping and uptick in 2014 store openings

    North Plainfield, N.J. -- Forty-three percent of respondents to Levin Management’s annual pre-holiday retail sentiment survey believe that their holiday sales will peak prior to and during the Thanksgiving/Black Friday weekend sales period. In other notable results, 43.6% of respondents’ companies plan to open new stores in 2014 – a significant jump from 23% in last year’s pre-holiday poll and 35.9% the previous year.

  • Silverspot Cinema signs into University Mall

    Chapel Hill, N.C. — Silverspot has signed a lease for a 52,500-sq.-ft. movie theater at University Mall in Orange County, N.C. Four new boutiques, a high end sporting goods store and a new fine dining option have also signed leases recently.

    The new tenants are part of a redevelopment plan being carried out by owner Madison Marquette.

    Silverspot at University Mall, a theater and casual dining concept, will be the fifth U.S. location for the company, a division of Cines Unidos, one of the largest theater companies in South America.

  • Expansion-minded rue21 opens its 1,000th store

    Warrendale, Pa. -- Rue21 on Thursday celebrated the opening of its 1,000th store. Located in the Enid Crossing Shopping Center in Enid, Okla., the location is one of the company's new rueGuy format stores and features an expanded assortment of young men's apparel and accessories in addition to the girls' apparel, jewelry, footwear and beauty product.

  • Big Drop leases Upper West Side store

    New York — Adding to existing locations in Manhattan and Miami Beach, Big Drop, the women’s clothing retailer, has leased a third New York City storefront at 253 Columbus Avenue in Manhattan’s Upper West Side. The new store has 650 sq. ft. on the ground floor plus a 400-sq.-ft. storage basement.

    Winick Realty Group represented Big Drop in the long-term lease transaction. Parkway East Properties LLL, the landlord negotiated on its own behalf.

    Big Drop’s other Manhattan stores are in SoHo and the Upper East Side.

  • SL Green acquires interest in 650 Fifth Avenue

    New York — SL Green Realty Corp. and partner Jeff Sutton have announced the formation of a venture that has acquired a 49-year leasehold interest covering the entire retail portion of 650 Fifth Avenue. The transaction was completed with former U. S. Magistrate Judge Kathleen A. Roberts, the court-appointed federal monitor and interim trustee of the landlord, 650 Fifth Avenue Company.

  • Corner Bakery Café signs agreements for 23 new locations

    Dallas -- Corner Bakery Cafe announced the company has signed two new multi-unit franchise agreements to open new restaurants in Arizona and introduce its first restaurants in Wisconsin beginning in 2014.

    The fast-casual brand's new franchise partners include Blue Mountain Cafes, which plans to open 13 restaurants in Phoenix over the next seven years and Neo Fourno Inc., which plans to open ten new restaurants in Madison and Milwaukee over the next five years

  • Sam’s Club joins Stirling Bossier Shopping Center

    Covington, La. — Sam’s Club will join the tenant lineup at Stirling Bossier Shopping Center in Bossier City, La., according to an announcement by Stirling Properties. Construction of the new club store is underway. It is scheduled to open in the summer of 2014.

  • Trina Turk, Kendra Scott to Market Street-The Woodlands

    Fort Worth, Texas — Trademark Property Co. has announced that Trina Turk and Kendra Scott Jewelry will open at Market Street-The Woodlands, a mixed-use destination located north of Houston.

    Both retailers plan to open in the spring 2014. Construction of the new 2,000-sq.-ft. Trina Turk boutique will begin in January. Work will get underway on the 1,200-sq.-ft. Kendra Scott store this month.

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