Neiman Marcus, Bloomingdale’s Confirm Westfield Valley Fair Openings

Both Neiman Marcus and Bloomingdale’s have confirmed plans to open stores at Westfield Valley Fair in Santa Clara in 2011.
Bloomingdale’s will be constructing a three-level 150,000 square foot store and Neiman Marcus will be opening a two-level, 120,000 square foot store. Both are expected to open in time for the 2011 Christmas shopping season.
We previously [...]

Valley Fair Expansion To Begin in January

Westfield Valley Fair, the 1.5 million square feet mall on the border of Santa Clara and San Jose will break ground on a 500,000 square foot expansion in January. At $809 per square foot excluding anchors, the mall is one of the best performing shopping centers in the United States ringing up sales almost twice [...]

Neiman Marcus Signs Lease at Broadway Plaza in Walnut Creek

Neiman Marcus has finalized the lease for its new 100,000 square feet store at Broadway Plaza in Walnut Creek. The store is expected to open as early as the first half of 2010. Broadway Plaza has been a historically strong retail center with average rents north of $750 per square foot.
The center is owned by [...]

East Palo Alto Expo Design Center Purchased, Demised Up, and Leased

The Business Journal is reporting that Regency Centers has acquired the 92,000 square feet Expo Design Center building in East Palo Alto. It has also entered into a lease with Sports Authority for 50,000 square feet, and is rumored to have Nordstrom Rack on lock for the remaining 40,000 SF or so.
This deal finally brings [...]

Mervyn’s Files Chapter 11 Bankruptcy

Mervyn’s, which is headquartered in Hayward, CA, has filed for Chapter 11 Bankruptcy. Under Chapter 11, the debtor (Mervyn’s) can continue to operate while it works out a plan to pay its debts and sort through its financing. It’s supposedly working on a finance package being arranged through Wachovia which would allow it to fight [...]

Mervyn’s Financial Situation Dire; May Be Forced To File BK

Mervyn’s is at risk of becoming the next retailer forced to file for bankrupty. Coming on the heels of Linens & Things, and Sharper Image bankruptcies, Mervyn’s represents another retailer with a significant west coast footprint.
Mervyn’s was purchased by PE firms about four years ago from Target Corporation for $1.2B. Similar in nature to Sears, [...]

List of Starbucks Stores To Close

Starbucks has released a list of the stores it will be closing. Of the 600 estimated stores to be closed, the ones in the Bay Area scheduled to be closed include:

2250 Monument Blvd, Concord, CA
29653 Mission Blvd, Hayward, CA
101 Fourth Street (Metreon), San Francisco, CA
901 Market Street, San Francisco, CA
1167 Lincoln Ave, San Jose, CA
2001 [...]