LANSING, MICH. — The Michigan Department of Health and Human Services (MDHHS) has extended its order restricting indoor social gatherings and group activities by 12 days through Dec. 20. The department says the extension will enable it to determine the full impact of the Thanksgiving holiday on the spread of COVID-19 across the state. Under the order, residents are urged to avoid indoor gatherings, with only two households gathering inside at any given time. Bars and restaurants must remain closed for dine-in service, but can remain open for outdoor dining, carryout and delivery. Gyms are open for individual exercise with mandatory masking, but casinos, movie theaters and group exercise classes remain closed. Professional and college sports meeting “extraordinary standards for risk mitigation” may continue without spectators. Colleges, universities and high schools will continue with remote learning. There will be no in-person classes. MDHHS will monitor the percentage of hospital beds with COVID-19 patients, the number of COVID-19 cases and the positivity rate when determining whether to reopen at the end of the 12 days. Last week, a federal judge in West Michigan refused to block the state health department’s ban on indoor dining in restaurants and bars. The Michigan Restaurant …
NEW YORK CITY — Locally based investment firm Thor Equities Group has sold a 17,600-square-foot retail building located at 164 Fifth Ave. in Manhattan for $40 million. The six-story property, which is located between 21st and 22nd streets in the Flatiron District, was fully leased at the time of sale to tenants such as Alo Yoga and restaurant Sutra. The buyer was not disclosed.
DORAVILLE, GA. — DD’s Discounts has signed a lease to occupy 17,656 square feet of space within Pinetree Plaza in Doraville. A timeline for the store opening was not disclosed. Halpern Enterprises Inc. has owned, leased and managed Pinetree Plaza for more than 60 years. The 206,496-square-foot shopping center is located at 5289 Buford Highway, 16 miles northeast of downtown Atlanta. Other tenants at the center include Supermercado Chicago, LanZhou Ramen, Bo Bo Garden Asian Cuisine, Dim Sum Heaven, Mango Mango and I-CE-NY. Pinetree Plaza is also home to Mundo Hispánico, Atlanta’s largest Spanish-language newspaper, which moved into Halpern’s former office headquarters in 2018. DD’s Discounts operates 270 locations in 20 states and offers discounted apparel, accessories, footwear and home fashions.
FARMERS BRANCH, TEXAS — Weitzman has brokered the sale of a 95,488-square-foot building formerly occupied by Atlanta-based furniture retailer Haverty’s in the northern Dallas metro of Farmers Branch. The building offers a second-generation showroom/warehouse with highway frontage and visibility, as well as a mezzanine level for showroom and office space. David Zoller of Weitzman represented the seller, a Dallas-based limited partnership, in the transaction. Joe Doye of Westin Co. represented the buyer.
NEW YORK CITY — The Home Depot (NYSE: HD) has signed a 120,000-square-foot lease extension at its retail space at 28-40 W. 23rd St. in between Fifth and Sixth avenues in Manhattan’s Flatiron District. The lease keeps the Atlanta-based retailer in its location for at least 15 more years. Williams Equities owns the two-building, 561,000-square-foot property that houses the store. Michael Cohen, Andrew Roos, and Mac Roos of Colliers International represented Williams Equities in the lease negotiations. Peter Ripka of Ripco Real Estate represented Home Depot, which also signed a 20-year lease in late October to open a 120,000-square-foot store at 401 E. 61st St.
THORNTON, COLO. — Pinnacle Real Estate Advisors has arranged the sale of a single-tenant, net-leased asset located at 16255 Washington St. in Thornton. WashCo LLC sold the retail property for $5.1 million, or $669.41 per square foot. The name of the buyer was not released. Cory Sandberg of Pinnacle Real Estate Advisors represented the seller in the deal .
SELMA, CALIF. — Flocke & Avoyer Commercial Real Estate has arranged the sale of a retail property located in Selma. Astrolabe Enterprises acquired the asset from Selma High Street LLC for $2.3 million. Citibank occupies the property, which is located at 2121 High St. Brian Quinn of Flocke & Avoyer and David Malloy of Colliers International represented the seller, while Peter Svidler, Dario Svidler and Lee Mintz of Compass represented the buyer in the deal.
BOLINGBROOK, ILL. — Ulta Beauty Inc. (NASDAQ: ULTA) reports that its comparable sales, which includes store sales and e-commerce sales, decreased 8.9 percent in the third quarter on a year-over-year basis. The cosmetics retailer’s third quarter ended Oct. 31. Bolingbrook-based Ulta says the drop is due to the impact of COVID-19. This quarter, Ulta opened 17 new stores, compared with 31 new stores in third-quarter 2019. Net income was $74.8 million compared with $129.7 million for the same period last year. “We know guests are changing how they shop beauty, but importantly, their engagement with the category remains strong,” says Mary Dillon, CEO. Early holiday sales trends in November were encouraging, according to Dillon, but the retailer anticipates that comparable store sales will decline in the range of 12 to 14 percent in the fourth quarter.
NEW YORK CITY — JLL has negotiated the $14.1 million sale of a 37,412-square-foot retail building located at 531 86th St. in the Bay Ridge neighborhood of Brooklyn. Stephen Palmese, Ethan Stanton, Michael Mazzara, Winfield Clifford and Brendan Maddigan of JLL represented the seller, Developer’s Realty Corp., in the transaction. A&H Acquisitions Corp. purchased the building, which is leased to Modell’s Sporting Goods.
GLENDALE, ARIZ. — Progressive Real Estate Partners has arranged the sale of a single-tenant property located at 5801 W. Mohawk Lane in Glendale. An Arizona-based private investor sold the building to a California-based private investor for $2.5 million. Sunrise Preschool occupies the 8,500-square-foot property on a triple-net-lease basis. The building was built in 1999 for the preschool, which Childcare Network owns. The daycare center caters to children six weeks to 12 years of age and offers a variety of programs for infants, toddlers and preschool students, as well as before- and after-school care. Brad Umansky and Mike Lin of Progressive Real Estate Partners, in cooperation with Ginger Orsi of S.J. Fowler Real Estate, represented the seller. John Eppers of Central Valley Properties represented the buyer in the deal.