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REAL ESTATE

  • Paul Morelli to open jewelry store on Madison Avenue

    New YorkFaith Hope Consolo, chairman, and Joseph Aquino, executive VP of Douglas Elliman's Retail Group are bringing Philadelphia-based, international Society jeweler, Paul Morelli, to 895 Madison Avenue, at the intersection of 72nd Street.

    The jeweler has been a presence at Bergdorf Goodman since 1981. The multi-level first New York store will offer 40 feet of double frontage and face two Ralph Lauren mansions.

     

  • Hurricane Grill & Wings to add 22 units in 2014-2015

    West Palm Beach, Fla. -- Wing chain Hurricane Grill & Wings has signed five multi-unit development agreements, representing 22 new locations slated to open in 2014-2015.

    The Florida-based franchised brand opened two locations in early 2014, with plans for a total of 14 new units by the end of this year.

  • Dunkin’ Donuts to develop 20 new California stores

    Canton, Mass. – Dunkin’ Donuts has signed multi-unit store development agreements with two new franchise groups to develop 20 new restaurants in South Orange County and the San Fernando Valley area of California during the next several years. The two franchise groups and their development plans include:

  • Yogurtland inks deal with Mansfield, Texas, center

    Irving, Texas — Yogurtland has signed a lease for 1,242 sq. ft. at Mansfield Crossing in Mansfield, Texas.

    WindStar Properties represented the landlord, Mansfield Matlock Partners, in the transaction.  Transwestern Retail represented Yogurtland.

     

  • CBRE promotes Horne to president, Los Angeles region

    Los Angeles — CBRE Group has promoted Lewis Horne to president, greater Los Angeles-Orange County region. Horne has led the CBRE region since 2007. His elevation to the President title reflects outstanding performance across a broad range of leadership attributes, including new business development, business and sales management, market and industry leadership, client relationships and people management, said CBRE in a prepared statement.

  • Kendra Scott Jewelry opens two Atlanta stores

    Atlanta -- Boutique accessories and jewelry designer Kendra Scott will add two new Atlanta-area stores – one in Buckhead at The Shops Around Lenox, and the other in Alpharetta, at the Avalon Center.

    The Shops Around Lenox store opens April 26, and will feature an interactive Kendra Scott Color Bar, where customers can design and personalize one-of-a-kind jewelry.

    The Avalon Center store in Alpharetta is slated to open fall 2014.

  • Primark to make U.S. retail debut with store in Boston

    Dublin, Ireland – Discount fast-fashion retailer Primark, the Dublin-based subsidiary of U.K. retail and consumer group Associated British Foods, plans to enter the United States, opening a location in Boston. The 70,000-sq.-ft. store will open at the end of 2015 and be on the site of the former Filene's department store in the city’s downtown area.

  • River Bay Plaza in Riverview, Fla., sells for $5.8 million

    New York —River Bay Plaza in Riverview, Fla., has sold for $5.8 million. Cohen Real Estate represented the buyer and seller, both private investment firms.

    Located in Hillsborough County, the 79,288-sq.-ft. neighborhood shopping center is anchored by Winn Dixie, which recently exercised a lease option. Other recent developments include a new 10-year lease for Aaron’s and an option exercised by Dollar Tree.

    About 163,000 people live within a five-mile radius of the center. Average annual household income is $70,000.

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