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REAL ESTATE

  • Robert Graham to open store at Mohegan Sun resort

    New York – Robert Graham has signed a new lease agreement to open a branded retail store featuring the full Robert Graham collection in The Shops at Mohegan Sun in Uncasville, Conn. The store will carry the complete range of Robert Graham apparel products.

  • Pine Tree names omni-channel marketing director

    Northbrook, Ill. — Pine Tree Commercial Realty LLC has appointed Graham Grochocinski to serve as the firm’s director of omni-channel marketing and social media.

    Grochocinski will handle Pine Tree’s omni-channel retail coordination as well as the firm’s social and digital communications.

    Grochocinski comes to Pine Tree from USAgain, an award-winning recycling company, where he managed the integrated marketing efforts for lead generation and branding.

  • Urstadt Biddle acquires two New Jersey shopping centers

    Greenwich, Conn. — Urstadt Biddle Properties Inc. has acquired two shopping centers in New Jersey: Boonton A&P Center in Boonton and Bloomfield A&P Center in Bloomfield.

    The company paid $18.4 million, subject to an existing $7.8 million mortgage, for the 63,000-sq.-ft. Boonton A&P Center. Constructed in 1999, the center features a 49,463-sq.-ft. A&P plus Dunkin’ donuts, Chase Bank, Subway, Supercuts and Sprint. More than 90% of the tenants are national or regional names.

  • RMC to redevelop Largo, Fla., Publix-anchored center

    Tampa, Fla. — RMC Property Group has announced plans to redevelop the Publix-anchored Indian Rocks Shopping Center in Largo, Fla. Bealls Outlet and Dollar Tree also serve as co-anchors at the center.

    Publix recently signed a new lease and plans to completely redevelop a 45,000-sq.-ft. store. The existing Publix closed in December 2013. Plans call for the redeveloped store to open this fall.

  • The Children’s Place expanding into Egypt, Eastern Europe

    Secaucus, N.J. – The Children’s Place Retail Stores has expanded its existing franchise agreement with Fawaz A. AlHokair & Co. SJSC covering retail stores in Saudi Arabia, to include opening a total of approximately 25 stores in Egypt and the Commonwealth of Independent States (C.I.S. Region) of Armenia, Azerbaijan, Belarus, Georgia and Kazakhstan, beginning in mid-2014.

  • Roundabout takes third Manhattan location

    New York — Faith Hope Consolo, chairman, and Joseph A. Aquino, executive VP of Douglas Elliman’s Retail Group, have arranged a third Manhattan location for Roundabout, a luxury consignment and resale retailer.

    The new location between 82nd and 83rd Streets is also the brand’s second Madison Avenue store.

     

  • Mall Properties is now Olshan Properties

    New York -- MPI — Mall Properties, Inc., a private owner, developer and operator of commercial real estate — has changed its name to Olshan Properties.

  • Retail availability rate down 70 bps for 2013

    Los Angeles — The retail availability rate fell 70 basis points in 2013, reaching 12% and reflecting continued net absorption gains, according to a report from CBRE. The rate fell 30 basis points in the fourth quarter, which matches the momentum of the first half of 2013 after a flat third quarter.

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