REAL ESTATE

WinCo coming to Texas center
Boise, Idaho-based discount grocer WinCo Foods will develop a new ground-up 82,077-sq.-ft. anchor store at Trinity Valley Shopping Center in Carrollton, Texas.

The new WinCo will be developed at the site of a former Target anchor store at the center. Following the closure, the ownership of the center, Josey Trinity Mills Ltd., acquired the vacant building in October 2015. The site will be demolished starting around April 2016, and the newly developed WinCo is scheduled to open in early 2017.
Target and Under Armour at SPECS 2016
Two of the nation’s leading retail companies, Target and Under Armour, are on board to offer dynamic presentations at the upcoming SPECS conference in Dallas.

Go behind-the-scenes with Target as the retailer reviews its new Open House concept, and details how a decidedly non-conventional retail space has upped the innovation ante while also providing a testing ground for future in-store innovations on a broader scale.

Apparel supplier expanding retail footprint again

The combination of 80 new stores and a 20% increase in e-commerce is expected to drive double digit growth of VF corp.’s business in 2016.
CBRE to expand large-format retail management

Los Angeles -- CBRE Group announced that Mark Hunter has joined the company as managing director of retail asset services, the Americas. Hunter will assist CBRE in expanding its industry services for third party management of retail properties further into the mall sector. He will lead CBRE’s offering of services such as asset management, leasing, accounting, consumer marketing and development for malls generally exceeding 500,000 sq. ft.
Construction begins on new 30 acre retail project in Oklahoma City

Oklahoma City -- GBT Realty Corp. announced the acquisition of 30 acres in Oklahoma City, Oklahoma. The site was purchased in January for $2.95 million. The company broke ground on development of the first phase of the $50 million The Market at Czech Hall, a 450,000-sq. ft. regional neighborhood center last week.

Phase one includes the construction of 180,000-sq. ft. of retail, along with seven outparcels. The first tenant expected to open fall 2016.
Brave New World

The commercial real estate community is somewhat of a paradox. For an industry that is literally built on the premise of creating new and exciting destinations, there is a tendency to do things the way they have always been done.
CBL announces promotions

Photo: (L-R) Eric Griffith, Michael Herman, Stephen Lebovitz, Rusty Carlton, Robert Snetman.

Chattanooga, Tenn. -- CBL announced the promotions of Rusty Carlton to VP of portfolio accounting; Eric Griffith to VP of mall leasing; Michael Herman to VP of legal services; and Robert Snetman to VP of asset management and third party services.
Saks sets opening dates for Canada

Saks Fifth Avenue revealed additional details about its entry into the Canadian market.

The company will open its first-ever store up north, at CF Toronto Eaton Centre, on February 18, 2016, followed by a second location, at CF Sherway Gardens, on February 25. Both centers are in Toronto.
Phillips Edison hires VP, assistant general counsel

Cincinnati -- Phillips Edison & Company it has appointed Theresa (“Terry”) Shea as VP, assistant general counsel. In her new role, Shea will work closely with the general counsel to provide legal advice to the Company concerning all aspects of its business.
Maryland’s newest resort experience MGM National Harbor names exclusive leasing agent

National Harbor, Md. -- JLL announced that it has been retained by MGM Resorts International to lease the luxury retail promenade in its newest development, MGM National Harbor located in Prince George’s County, Maryland. MGM National Harbor will encompass 308 hotel rooms, a 125,000-sq.-ft. casino, 12 world-class food and beverage venues, a 27,000-sq.-ft. spa, a 3,000-seat theater and 18,000 sq. ft. of high-end luxury retail space expected to open in fourth quarter 2016.