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April 18, 2014

Specialty fashion retailer Express has entered the booming outlet mall sector, opening its first-ever outlet store, at Tanger Outlets National Harbor center in Washington, D.C.

New York -- Specialty fashion retailer Express has entered the booming outlet mall sector, opening its first-ever outlet store, at Tanger Outlets National Harbor center in Washington, D.C. The retailer plans to open approximately 30 additional factory outlet locations throughout the United States in 2014, targeting such top markets as Chicago, Dallas, Detroit, Las Vegas, New York and other top markets.

April 18, 2014

Nordstrom announced plans to relocate its full-line Westfield University Towne Center (UTC) department store in San Diego to a new space within the evolving mall.

Seattle -- Nordstrom announced plans to relocate its full-line Westfield University Towne Center (UTC) department store in San Diego to a new space within the evolving mall.

The new two-level, 145,000-sq.-ft. Nordstrom store will open in 2017 as part of Westfield UTC’s resort-inspired redevelopment, which is adding specialty shops, restaurants, entertainment, sustainable design features and family-friendly amenities, as well as structured parking.

April 17, 2014

Grocers are operating in a rapidly changing environment — an exploding omni-channel marketplace in which competitive strategies that worked five years ago are obsolete.

By Andy Couch, DJM Real Estate

April 16, 2014

Bang & Olufsen unveiled its first newly redesigned store concept in North America, at the new Madison Avenue location in New York City.

New York -- Bang & Olufsen unveiled its first newly redesigned store concept in North America, at the new Madison Avenue location in New York City. The 1,400-sq.-ft. store is designed to evoke a true sensory experience and demonstrate Bang & Olufsen's commitment to providing extraordinary consumer experiences.  

Other locations in New York City will adopt the new design, as well as a handful of additional locations across the United States next fiscal year.

April 16, 2014

Gap Inc. highlighted its use of technology and innovation to bridge the growing digital world with its physical stores at the company’s annual meeting with investors.

San Francisco -- Gap Inc. highlighted its use of technology and innovation to bridge the growing digital world with its physical stores at the company’s annual meeting with investors. In new initiatives, the retailer is expanding its reserve in-store service to all U.S. Gap stores by the end of the second quarter, enabling online and mobile shoppers to now reserve items at more than 1,000 Gap and Banana Republic store locations.

April 16, 2014

Susser Holdings opened two new Stripes convenience stores during the first quarter of fiscal 2014 and acquired 47 convenience stores at the end of January 2014 that are currently operating under the Sac-N-Pac brand.

Corpus Christi, Texas -- Susser Holdings opened two new Stripes convenience stores during the first quarter of fiscal 2014 and acquired 47 convenience stores at the end of January 2014 that are currently operating under the Sac-N-Pac brand. The company has acquired one additional convenience store to date in the second quarter, and currently has 17 under construction.

April 15, 2014

Simon Property Group said it will undertake a series of improvements to Phipps Plaza, which is located in Atlanta's Buckhead district.

Atlanta -- Simon Property Group said it will undertake a series of improvements to Phipps Plaza, which is located in Atlanta's Buckhead district.

The plans include extensive interior makeover, providing a fresh new look and feel to the interior space of the mall, with upgraded LED lighting, new paint, new warm wood accents, an updated railing system, luxury soft seating and lounging areas with Wi-Fi connectivity and chargers. In addition, restrooms will be upgraded and a hotel-like concierge service center will be installed.

April 15, 2014

In a move to establish a base in Canada, DSW Inc. has entered into an agreement to buy an approximate 44% stake in Canadian footwear retailer Town Shoes.

Columbus, Ohio -- In a move to establish a base in Canada, DSW Inc. has entered into an agreement to buy an approximate 44% stake in Canadian footwear retailer Town Shoes. The transaction, expected to close in May, is valued at approximately $62 million. Under the agreement, DSW will have the right to purchase the rest of Town Shoes after four years.

April 15, 2014

Englewood Construction ‘s food service and restaurant group has completed Harry Caray’s 7th Inning Stretch and the Chicago Sports Museum in Chicago’s Water Tower Place.

Chicago - Englewood Construction ‘s food service and restaurant group has completed Harry Caray’s 7th Inning Stretch and the Chicago Sports Museum in Chicago’s Water Tower Place. The national general contractor has also completed a Native Foods Café in Chicago’s Hyde Park and is working with Native Foods Café to roll out its concept nationally.

April 15, 2014

Natural Grocers by Vitamin Cottage Inc. has opened a store in Logan, Utah.

Lakewood, Colo. – Natural Grocers by Vitamin Cottage Inc. has opened a store in Logan, Utah. The Logan store is its second Utah location.

"We are thrilled to expand our nutrition expertise and delicious food options to Logan," said Kemper Isely, co-president of Natural Grocers. "We look forward to engaging with the local community about healthy living."

April 15, 2014

Natural Grocers by Vitamin Cottage Inc. has opened a store in Logan, Utah.

Lakewood, Colo. – Natural Grocers by Vitamin Cottage Inc. has opened a store in Logan, Utah. The Logan store is its second Utah location.

"We are thrilled to expand our nutrition expertise and delicious food options to Logan," said Kemper Isely, co-president of Natural Grocers. "We look forward to engaging with the local community about healthy living."

April 15, 2014

Signet Jewelers’ $1.4 billion deal to acquire 90-year-old jewelry mainstay Zales made big headlines back in February. But reporters, analysts and investors were not the only ones paying attention to the pending purchase — as soon as they heard the news, mall managers and mall-based jewelers knew the King Kong of retail jewelry had just been born.

By Michael Lebowitz, director of jewelry, White Pine Jewelry Solutions

April 14, 2014

British luxury fashion brand Burberry blends digital and physical retailing at its new flagship in Kerry Centre, Shanghai.

London -- British luxury fashion brand Burberry blends digital and physical retailing at its new flagship in Kerry Centre, Shanghai. The three-floor location has been designed to offer multi-sensory experiences for its customers.

 Inspired by Burberry’s Regent Street flagship in London, the Shanghai store incorporates British craftsmanship and materials with cutting-edge technologies, starting with an illuminated façade that responds to changes in weather and natural light and also displays programmed animation.

April 14, 2014

In an April 11 conference call, CBL & Associates Properties provided an in-depth review of its business strategy, including a number of initiatives designed to enhance shareholder value.

Chattanooga, Tenn. — In an April 11 conference call, CBL & Associates Properties provided an in-depth review of its business strategy, including a number of initiatives designed to enhance shareholder value.

On the conference call, the Company outlined the following goals and objectives through a slide presentation:

Position the portfolio to produce sustained same-center net operating income (NOI) growth of 2-4%, about double the current range of 1%-2%;

April 14, 2014

In an April 11 conference call, CBL & Associates Properties provided an in-depth review of its business strategy, including a number of initiatives designed to enhance shareholder value.

Chattanooga, Tenn. — In an April 11 conference call, CBL & Associates Properties provided an in-depth review of its business strategy, including a number of initiatives designed to enhance shareholder value.

On the conference call, the Company outlined the following goals and objectives through a slide presentation:

Position the portfolio to produce sustained same-center net operating income (NOI) growth of 2-4%, about double the current range of 1%-2%;

April 14, 2014

Dick’s Sporting Goods Inc. opens three new stores on April 25.

Pittsburgh – Dick’s Sporting Goods Inc. opens three new stores on April 25. The stores are located in Lawton, Okla., Alabaster, Ala., and Tampa. Fla.

The Lawton store will be located at Lawton Town Center, while the Alabaster store will be located at Colonial Promenade Alabaster and the Tampa store will be located at Westshore Plaza. As of April 25, Dick’s will operate 566 stores in the U.S., including 11 in Alabama, 27 in Florida and eight in Oklahoma.

 

April 14, 2014

Dick’s Sporting Goods Inc. opens three new stores on April 25.

Pittsburgh – Dick’s Sporting Goods Inc. opens three new stores on April 25. The stores are located in Lawton, Okla., Alabaster, Ala., and Tampa. Fla.

The Lawton store will be located at Lawton Town Center, while the Alabaster store will be located at Colonial Promenade Alabaster and the Tampa store will be located at Westshore Plaza. As of April 25, Dick’s will operate 566 stores in the U.S., including 11 in Alabama, 27 in Florida and eight in Oklahoma.

 

April 14, 2014

Divaris Real Estate has announced four leases totaling 29,099 sq. ft. of retail space in the Hampton roads area of Virginia.

Virginia Beach, Va. — Divaris Real Estate has announced four leases totaling 29,099 sq. ft. of retail space in the Hampton roads area of Virginia.

PetSmart has taken 14,286 sq. ft. at Peninsula town Center in Hampton. As the chain’s exclusive representative in Virginia, the Richmond office of DRE represented PetSmart in the negotiations.

Ulta has signed a lease for 10,500 sq. ft. in Crossways Shopping Center in Chesapeake. DRE’s Virginia Beach office represented the landlord, JLP-Chesapeake in the transaction.

April 14, 2014

Divaris Real Estate has announced four leases totaling 29,099 sq. ft. of retail space in the Hampton roads area of Virginia.

Virginia Beach, Va. — Divaris Real Estate has announced four leases totaling 29,099 sq. ft. of retail space in the Hampton roads area of Virginia.

PetSmart has taken 14,286 sq. ft. at Peninsula town Center in Hampton. As the chain’s exclusive representative in Virginia, the Richmond office of DRE represented PetSmart in the negotiations.

Ulta has signed a lease for 10,500 sq. ft. in Crossways Shopping Center in Chesapeake. DRE’s Virginia Beach office represented the landlord, JLP-Chesapeake in the transaction.

April 14, 2014

Divaris Real Estate has announced the signing of two retail leases in the greater Richmond suburb of Midlothian.

Richmond, Va. — Divaris Real Estate has announced the signing of two retail leases in the greater Richmond suburb of Midlothian.

Tex-Mex restaurant Chuy’s has leased 7,449 sq. ft. in the Village at Swift Creek in Midlothian. The Richmond office of DRE represented the landlord, Swift Creek Associates. This will be Chuy’s second Richmond location. Chuy’s will join Guitar Center, Babies “R” Us, TGIF, Red Lobster and Cracker Barrel in the development.

April 14, 2014

Divaris Real Estate has announced the signing of two retail leases in the greater Richmond suburb of Midlothian.

Richmond, Va. — Divaris Real Estate has announced the signing of two retail leases in the greater Richmond suburb of Midlothian.

Tex-Mex restaurant Chuy’s has leased 7,449 sq. ft. in the Village at Swift Creek in Midlothian. The Richmond office of DRE represented the landlord, Swift Creek Associates. This will be Chuy’s second Richmond location. Chuy’s will join Guitar Center, Babies “R” Us, TGIF, Red Lobster and Cracker Barrel in the development.

April 14, 2014

Fresh Thyme Famers Market has leased 25,000 sq. ft. at Cress Creek Square in Naperville, Ill., from Arthur Goldner & Associates.

Chicago — Fresh Thyme Famers Market has leased 25,000 sq. ft. at Cress Creek Square in Naperville, Ill., from Arthur Goldner & Associates. Office Max will vacate the space, and the grocer will open in 2015. CBRE represented Fresh Thyme in the transaction.

The center also hosts Binny’s, Blast Fitness and Car Quest as well as several smaller lifestyle stores and restaurants.

April 14, 2014

Fresh Thyme Famers Market has leased 25,000 sq. ft. at Cress Creek Square in Naperville, Ill., from Arthur Goldner & Associates.

Chicago — Fresh Thyme Famers Market has leased 25,000 sq. ft. at Cress Creek Square in Naperville, Ill., from Arthur Goldner & Associates. Office Max will vacate the space, and the grocer will open in 2015. CBRE represented Fresh Thyme in the transaction.

The center also hosts Binny’s, Blast Fitness and Car Quest as well as several smaller lifestyle stores and restaurants.

April 14, 2014

General Growth Properties plans to redevelop its 1.3 million-sq.-ft. Southwest Plaza in southwest Denver.

Littleton, Colo. — General Growth Properties plans to redevelop its 1.3 million-sq.-ft. Southwest Plaza in southwest Denver. The multi-million dollar project will renovate Center Court with open-air cafes, new seating areas, free WiFi access for social networking, new directional signage, indoor fireplaces, skylights and light coves.

April 14, 2014

General Growth Properties plans to redevelop its 1.3 million-sq.-ft. Southwest Plaza in southwest Denver.

Littleton, Colo. — General Growth Properties plans to redevelop its 1.3 million-sq.-ft. Southwest Plaza in southwest Denver. The multi-million dollar project will renovate Center Court with open-air cafes, new seating areas, free WiFi access for social networking, new directional signage, indoor fireplaces, skylights and light coves.