REAL ESTATE

Gander Mountain opening more stores
Three new Gander Mountain stores are slated to open this fall in Colorado, Pennsyvania and Texas as the St. Paul, MN-based company looks to live up to its billing as the nation’s fastest-growing outdoor retailer.

The new stores, which range from 52,000 to 57,000 square feet are located in Parker, CO, Warrington Township, PA, and Frisco, TX and are among a group of 55 stores the company has opened since 2012, bringing its total store count to 160 units. The company has also remodeled roughly 85 locations since 2012.
ONE DAYTONA showcases meaning of ‘mixed-use’
The 300,000-sq.-ft. ONE DAYTONA mixed-use project isn’t scheduled to open for another 18 months, but when it does the unique project looks to set a new benchmark for mixed-use retail real estate developments.

Brixmor names another exec ahead of RECon

Mark Horgan has been named executive vice president and chief investment officer at Brixmor Property Group and been give a wide range of responsibilities as the newest member of a revamped senior leadership team.
In the Mix(ed Use) at RECon

ICSC’s annual RECon convention has long been a rite of spring for many real estate professionals. For three decades, RECon has brought dealmakers and decision-makers to Las Vegas, and today the event regularly attracts more than 30,000 attendees.
Ikea to 'pop' up in downtown Toronto

Ikea Canada is opening in the heart of downtown Toronto—in the form of a food focused pop-up shop that will be open from May 13 to May 26. More than 50 Ikea products will be available for purchase, including both household accessories and food items.
Abercrombie expanding in this market

Abercrombie & Fitch is expanding its presence in the Middle East. The retailer has entered into an agreement with Majid Al Futtaim Fashion to open stores in Saudi Arabia, Qatar, Bahrain and Oman. Since 2013, Abercrombie, in partnership with Majid Al Futtaim Fashion, has opened eight stores in the United Arab Emirates and Kuwait.
Times Square to lose another high-profile retail flagship

Aéropostale is closing its 19,000-sq.-ft. flagship in Manhattan’s Times Square.
Aeropostale files Chapter 11; store closings include exit from Canada

In a move rumored for weeks, Aéropostale on Wednesday filed for Chapter 11 bankruptcy protection.

The struggling teen apparel retailer said it would close 113 stores in the United States and all 41 of its stores in Canada. Store closing sales in the United States will begin this weekend (May 7-8), and in Canada during the week of May 9.
Iconic New York grocer files for bankruptcy

In a not unexpected move, Fairway Group Holding Corp., operator of the Fairway Market supermarket chain, filed for Chapter 11 bankruptcy protection.

The company filed a “prepackaged” bankruptcy restructuring under which its lenders agreed to exchange existing debt for new equity and debt in a reorganized company. Supporting lenders agreed to vote in favor of the plan and exchange their loans for common equity and $84 million of debt of the reorganized company.
Report: Teen retailer on brink of Chapter 11

Aeropostale will reportedly file for bankruptcy protection this week and subsequently close more than 100 of its 800 stores, according to The Wall Street Journal.

The struggling teen apparel retailer plans to reorganize under a Chapter 11 filing this week ahead of May rent payments, the report said. On Aeropostale has been struggling for some time. The chain has recorded three consecutive years of losses as its struggles to deal with a teen audience whose spending tastes now favor fast-fashion giants such as H&M as well as online retailers.