The Tucson Premium Outlets has broken ground and is scheduled to open next fall with 90 stores. The outlet center will anchor Marana Center, a 170-acre mixed-use center. The 360,000-square-foot project marks owner Simon Property Group's first in southern Arizona.
Charlotte Premium Outlets, a joint development between Tanger Factory Outlet Centers and Simon Property Group, is opening this week, the first new retail development for the city in close to 10 years. The 400,000-square-foot project is anchored by a Saks Fifth Avenue Off 5th store.
Two Rivers Venture has acquired the 25,000-square-foot retail portion of the Two Rivers Plaza center in Bolingbrook, Ill., from 3900 Pine Grove Inc. for $8.2 million. The center is shadow-anchored by Jewel/Osco and Target.
ING Real Estate is expected to open its $200 million expansion to the Lakeside Joondalup shopping center in Australia on Dec. 4. The expansion has doubled the size of the mall and will include 120 new shops.
Retailers will release their November sales figures Thursday, numbers that will include last week's busy Black Friday. Some analysts predict steep declines, with sales in some categories falling as much as one-fourth from last year.