REAL ESTATE

Gap moving into Times Square in a big way
New York -- It’s official: Toys “R” Us is moving out of Times Square and Gap is moving in, but not just with one store.

Gap is planning to open two separate flagships, one for its namesake brand the other for Old Navy, in the space now occupied by Toys “R” Us.

“We're pleased to confirm our plans to construct our newest Gap and Old Navy flagship stores in one of one of the world's most well-known locations – Times Square,” the company said.
Another brand is going brick-and-mortar
New York -- Put your dukes up: Everlast Worldwide is going to open physical stores.

Everlast Worldwide, a global leader in the design, manufacturing, licensing and marketing of authentic boxing equipment and apparel, will open its first-ever U.S. stores this summer. The company, whose roots date back to 1910, will open three locations in Florida, at Westfield Broward Mall in Plantation, Pembroke Lakes Mall in Pembroke Pines, according to Licensemag.com.

Another online player to open physical stores

New York – Online jewelry retailer BaubleBar is making the leap to brick-and-mortar.

Launched in 2011 by two former investment bankers with Harvard MBAs, the retailer will open its first-ever, permanent brick-and-mortar location, a 1,200-sq.-ft. shop at Roosevelt Field Mall, in Garden City, New York. The mall is one of the nation’s largest shopping centers.
Garnet Hill to go brick-and-mortar?

Bridgehampton, N.Y. -- Garnet Hill, the online and catalog retailer, is inching closer to brick-and-mortar.

The 39-year-old company is set to open its first physical store, a pop-up location in the tony Long Island town of Bridgehampton, New York. The store is designed to give customer a "touch and feel" experience for Garnet Hill’s merchandise.
New Sears store dedicated to 'connected' home solutions

San Bruno, Calif. -- Sears has opened a store in the heart of the Silicon Valley dedicated to smart technology products for the home.

The retailer’s new “connected solutions” flagship is located at The Shops at Tanforan shopping center, in San Bruno, California. The 4,000-sq.-ft. store features a living room, kitchen, nursery, workout room, garage and outdoor area where consumers can experience the benefits of smart technology firsthand.
Exclusive: Growth Charting

While 2014 was rocky for a great many retailers, with several thousand store closings across most categories of retail, the first half of 2015 has seen some encouraging signs of a modest resurgence in certain retail sectors and from select brands. The higher numbers of store closings are far from over, and it would not be accurate to refer to 2015 as a total turnaround, but it does seem noteworthy that there are significant categories of retail that have aggressively moved to capitalize on opportunities.
Levin survey shows store expansion, tech-driven marketing

North Plainfield, N. J. -- Nearly one-third (31.1% ) of retailers report that their companies have opened or will open new stores this year, according to a survey by retail real estate management firm Levin Management. It is the highest mid-year percentage in the four years for which comparative Levin survey data is available.
Simon reveals winners of first-ever retail start-up competition

New York – Retail real estate giant Simon has announced the winners of its inaugural 'Simon Launch,” a retail startup competition aimed at uncovering, investing in, and accelerating top startups in the retail industry.

The winning startups, which were selected from more than 300 applications, are:
Mid-America Real Estate handles sale of Chicago-area center

Chicago - Mid-America Real Estate Corp.’s Investment Sales team recently brokered the sale of Randhurst Village in the Chicago suburb of Mount Prospect. Tarrytown, New York-based DLC Management Corp. purchased the 1,009,937-sq.-ft. regional power and lifestyle center.

Randhurst Village national tenants include Costco, Home Depot, Jewel-Osco, AMC Theaters, Carson Pirie Scott, Bed Bath & Beyond, Sports Authority, TJ Maxx, Old Navy, PetSmart and World Market.
Meijer opens first Wisconsin stores

Grand Rapids, Mich. - Meijer has moved into its sixth state, opening its first two Wisconsin supercenters. The 192,000-sq.-ft. stores in Grafton and Kenosha have created nearly 600 jobs.

In addition to the retailer's grocery, merchandise and garden center at each store, the new pharmacies offer drive-thru pick up and the Meijer free prescription program.

In August, Meijer will open two additional stores in Wauwatosa and Oak Creek. The retailer has plans for continued growth in Wisconsin.