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Premier Retail commercial real estate news, analysis, trends and information including shopping centers, malls, strip centers, big boxes, mixed-use, grocery, neighborhood and high-street segments deals and players.
SHOREVIEW, MN-Shoreview Village Mall's owner hires Minneapolis artist Aldo Moroni to paint murals at the 20-year-old retail center and anchors it with a health food store, gift shop and pharmacy.
MIAMI-RM Hollywood Hills Plaza Shopping Center, headed by Barry Ross and William D. Matz, paid $28.85 million or $65.34 per sf for the 25-year-old, 441,566-sf shopping center in Hollywood, FL, 20 miles north of Downtown Miami. Adjoining outparcels sold for $4.15 million.
BURNSVILLE, MN-The privately-owned value chain based in Plymouth, MN, has grown to 15 stores. A new store opens here and in Detroit Lakes, MN as well as Fargo, ND.
FRISCO, TX-Albertsons-anchored centers at opposite ends of town are just the beginning, says Regency Centers. One site is part of a 48-acre tract ticketed for a power center. The population's there, now it's time for the retail.
WOODINVILLE, WA-A Northwest nursery and garden center decides to sell its 5,000-sf Seattle Garden Center location in the heart of Pike Place Market. The plan is to concentrate on the company's flagship store here.
DALLAS-A merger in Dallas and a merchant build alliance with an out-of-state development partner set up Henry S. Miller Cos. for a second year of change. Wal-Mart is a linchpin in the $70-million development plan.
FALLS CHURCH, VA-All 70,900 sf of the 18-year-old The Corner at Seven Corners shopping center sells in an $11.9-million transaction. Owner Terranomics Development succeeded with the help of Marcus & Millichap Real Estate Investment Brokerage Co.
WEYMOUTH, MA- Scotts LawnService, a division of Scotts Co., acquires The Lawn Company, marking the Ohio-based company's expansion into the Greater Boston area. The Lawn Company has three locations in the state--here and in South Dennis and in Sagamore Beach.
FOOTHILL RANCH, CA-Although the clothing retailer will close 27 locations over the current fiscal year, it also plans to open around 50 Wet Seal stores, 15 to 20 Arden B. stores and 10 to 15 Zutopia stores.