REAL ESTATE

Nordstrom to open store in 2018 in Carlsbad, California
Seattle -- Nordstrom announced plans to open a full-line store in a new open-air retail promenade to be built by Caruso Affiliated, in Carlsbad, California.

The 124,000-sq.-ft. store is scheduled to open fall 2018 and will be the fifth Nordstrom full-line store in the greater San Diego area. The company opened its first Nordstrom in San Diego at Fashion Valley in 1981.
Regency Centers integrates and scales applications with Intermedia Private Cloud
Jacksonville, Fla. - Regency Centers, a national owner, operator and developer of 321 grocery-anchored retail centers, needed a secure, dedicated platform that would integrate Symantec LiveOffice, Cisco Unity Connection and eMailSignature with its email solution. The company selected Intermedia Private Cloud to integrate and scale its business applications, thus enabling growth.

Saks Off 5th to enter Delaware

New York -- Saks Fifth Avenue Off 5th will open a store at Christiana Fashion Center in Christiana, Delaware, in October. The 32,000 –sq.-ft. store will be the off-price retailer’s first in the state of Delaware.
Retail Rap: Half Foods?

When Whole Foods Market announced in May that it planned to open a new chain of stores offering a lower price point and specifically targeting millennials, it’s safe to say that the reaction from industry analysts and observers was underwhelming. Responses have ranged from confusion to outright skepticism, and there is a general sense of uncertainty surrounding the whole enterprise.
Simon to add full-price center to Sawgrass Mills

Indianapolis – Simon is expanding the Sawgrass Mills value, outlet and entertainment center in Sunrise, Florida by adding a full-price component, Town Center at Sawgrass. Town Center at Sawgrass will be accessible from both Flamingo and Sunrise boulevards and will be flanked by four new sit-down restaurants and a new parking deck able to accommodate 2,000 vehicles.
Macy’s Backstage signs lease at Fordham Place in the Bronx

Oak Brook, Ill. -- Retail Properties of America Inc. announced that Macy’s new off-price format, Macy’s Backstage, has signed a 35,200-sq.-ft. lease at Fordham Place in the Bronx, New York, as RPAI continues to execute on its remerchandising strategy of upgrading its tenancy and enhancing the dominance of its shopping centers.
Macy’s adds two more store locations for launch of Macy’s Backstage

Cincinnati -- Macy’s on Monday announced two more pilot store locations in metro New York City for its new off-price format, Macy’s Backstage. The additional stores brings to six the total number of Macy’s Backstage for launch. All are expected to open in fall 2015 and average about 30,000 sq. ft.

The added locations are at Fordham Place in The Bronx, and Essex Green Shopping Center, West Orange, New Jersey, where an existing Macy’s store will be converted to Macy’s Backstage.
X Team partner Strategic Retail Advisors completes lease for Charming Charlie flagship

Framingham, Mass. -- X Team International, an international alliance of retail real estate advisors with expertise in more than 45 major markets throughout the U.S. and Canada, announced that partner, Strategic Retail Advisors (SRA), a retail real estate consulting and brokerage firm focused on tenant representation throughout the Northeast, has successfully negotiated a lease on behalf of accessories retailer Charming Charlie.
Hello Kitty stores coming to Universal Parks & Resorts

Torrance, Calif. -- Sanrio, the global lifestyle brand best known for pop icon Hello Kitty, and Universal Parks & Resorts have announced their partnership to develop Hello Kitty interactive retail experience shops scheduled to open later this year at Universal Orlando Resort and in the future at Universal Studios Hollywood.
Crate & Barrel to close Manhattan flagship store

New York -- Rising rents are causing another national chain to exit a high-profile location in Manhattan. Home-furnishings retailer Crate & Barrel will close its flagship on Madison Avenue (at 59th Street) on Aug. 2, after negotiating an early exit from its lease, according to the Wall Street Journal. The store opened in 1995.

The closing will leave the city with just one Crate & Barrel, in the Soho section of downtown Manhattan.