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Michigan Restaurant Chain Changes Hands
May 09, 2008 - Source: Crain's Detroit Business
The Ferndale-based bd's Mongolian Grill has been sold to New York private equity firm Kinderhook Industries.
Colorado-Based Burger Chain Has Appetite For Growth
May 09, 2008 - Source: Rocky Mountain News
Smashburger, which was launched with just one store on Denver's Colorado Boulevard less than a year ago, plans to expand to 20 locations by year's end and eventually have 500 locations nationwide.
Lack of Discretion
May 09, 2008
In this tough economic climate, worried consumers have swapped “wants” for “needs.” As Ross Glickman, chairman & CEO of Urban Retail Properties L.L.C., puts it, “I think people are holding back on their discretionary spending. They’re waiting to see how the market goes.” That will potentially spell some hard times for specialty retailers that thrived during the long economic expansion—those in areas like jewelry, home electronics, clothing and restaurants.
Innovation & Expansion
May 09, 2008
In the face of a cooling economy, some single-tenant retailers are taking some purposeful and in some cases innovative steps to boost their performance. Real estate investors would do well to evaluate those moves carefully.
Fourteen New Retailers, Eateries Coming to Westfield Annapolis
May 08, 2008 - Source: Baltimore Business Journal
The new stores are part of the mall's $160 million, 240,000 square-foot expansion.
14 Net Lease Properties Go for $123M
May 08, 2008
Net lease brokerage Stan Johnson Co. completed the sale of a 14 property portfolio, containing more than 900,000 square feet to Cole Cos. for $123 million, it has reported.
Orlando Sanford International Airport to Join Model Ports Initiative
May 08, 2008
Orlando Sanford International Airport is one of 20 gateway airports nationwide selected to join the U.S. Customs and Border Protection’s Model Ports Initiative, a joint venture that includes federal agencies, the travel industry, airlines and airport authorities.
$1M Sale of 19th Century Retail Building to Yield New Apartment Complex
May 08, 2008
Detroit's Downtown Development Authority has just signed off on the $1 million sale of the historic Pepper Shoe Building on Woodward St. for a residential redevelopment endeavor, according to Crain's Detroit Business.
Landmark San Diego Restaurant Struggling
May 07, 2008 - Source: San Diego Union-Tribune
Chuey's Numero Uno is in bankruptcy, with the city among its creditors.
In Warm Phoenix, Open-Air Shopping Centers Struggle to Beat Summer Heat
May 07, 2008 - Source: Arizona Republic
Four regional outdoor lifestyle centers are about to face the challenge: Can they keep shoppers cool?
N3 Launches Big Box Initiative
May 07, 2008
N3 Real Estate has announced its entry into the big box development field.
$18M Loan Paves Way for Beverly Hills Office & Retail Building
May 07, 2008
A plan to convert a former gas station site in Beverly Hills into the home of a 30,000-square-foot spec office and retail structure gets a boost with Newmark Realty Capital Inc.'s orchestration of an $18.1 million loan for the project
Construction of $1B Suburban Dallas Mixed-Use Residential Begins Thursday
May 07, 2008
Dallas Morning News reports that multifamily real estate investment trust UDR is kicking off construction of Vitruvian Park, its massive mixed-use apartment compound on 100 acres in Addison, Tex.
Vista Picks JLL To Rep Mixed-Use in Houston
May 07, 2008
Houston-based Vista Equities Group has selected Jones Lang LaSalle Retail to represent its $150 million Main Street-styled mixed-used development, LaCenterra at Cinco Ranch.
Whither the Humble Supermarket?
May 07, 2008 - Source: New York Times
Poorer neighborhoods in New York's Brooklyn and Queens boroughs are feeling the loss of local markets.
What Will Save Westwood?
May 06, 2008 - Source: Los Angeles Times
Though still heavily trafficked, the Westwood Village area near the University of California, Los Angeles, has been in decline for years.
W Hotels Debuts in Europe with W Istanbul
May 06, 2008
W Hotels Worldwide will mark its entry into Europe today with the grand opening of W Istanbul.
Sea World Station Valero Acquires Albertson’s Gas Stations in Southwest
May 06, 2008
Taking advantage of the availability of a collection of convenience stores and fueling kiosks in an already familiar market, Valero has acquired 72 Albertson’s sites for an undisclosed amount.
Chains Find Even More Hostile Environment in S.F.
May 06, 2008 - Source: San Francisco Chronicle
The city is notoriously opposed to chain stores and restaurants, even when they're seeking to fill empty locations.
Schostak Bros., BVT Form JV
May 06, 2008
Schostak Brothers & Co., a Livonia, Mich.-based commercial real estate development and investment firm, has announced the formation of a joint venture with German real estate investment firm, BVT Equity Holdings.
Northern Virginia Office Property Set for $28M Upgrade
May 06, 2008
Century Center, a two-building office property just minutes outside of Washington, D.C. in Crystal City Va., will get a makeover, courtesy of owner Lowe Enterprises Real Estate Group.
Bellevue Square Shopping Center Undergoing $40M Renovation
May 06, 2008
Kemper Development Co. is giving the Bellevue Square regional shopping center a long overdue makeover, according to the Seattle Post-Intelligencer.
$40M Golf Clubhouse in the Works
May 06, 2008
Work has commenced on the development of the 82,000-square-foot Quintero Golf & Country Club Clubhouse at the 800-acre Quintero Golf & Country Club enclave located 45 minutes from downtown Phoenix in Peoria.
Pair of Furnishings Shops Expands in Orange County
May 05, 2008 - Source: Orange County Register
Shabby Chic and Finders Keepers have recently enlarged their stores.
Furniture Retailer to Open Houston Store
May 05, 2008 - Source: Houston Chronicle
Finger Furniture is planning a full-line store for the College Park Shopping Center in The Woodlands.
 

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