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Levin Management Promotes Portfolio Manager to Director of Operations

by Katie Lee

North Plainfield, N.J. — Levin Management Corporation (LMC) has promoted Denise Ciaravino to director of operations. The move recognizes her exceptional leadership and longstanding contributions to the firm’s property management department, according to Erika Morasco, vice president of property management.   Ciaravino’s promotion marks her second career advancement at LMC in 4 years. She joined the commercial real estate services firm as a property manager in 2006 and steadily rose through the ranks, most recently serving as portfolio manager. “Denise is a true asset to the property management team, and we …

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Forever 21 Liquidation Sales Now Underway

by Katie Lee

  Northbrook, Ill. — Going-Out-of-Business sales are in progress at Forever 21, a leading fashion retailer, following the U.S. operating company F21 OpCo’s recent bankruptcy filing. The liquidation sales are happening both in-store and online. Hilco Consumer-Retail is managing these sales in a joint venture with Gordon Brothers and SB360. All inventory is significantly discounted, offering savings of up to 60% off the lowest marked prices. Gift cards are accepted through April 15, 2025. Store fixtures and equipment are also available for purchase. “Stores are fully stocked, and fresh inventory …

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Foot Locker, Inc. to Relocate Global HQ from NYC to Florida

by Katie Lee

St. Petersburg, Fla. — Foot Locker, Inc., a leading footwear and apparel retailer (previously) based in New York City, has signed a 110,998-square-foot, long term office lease to relocate its global headquarters to 570 Carillon Parkway, a premier Class A office property in St. Petersburg, Fla. The building is owned by The Feil Organization, a premier national real estate investment firm. “We’re thrilled to learn that Foot Locker has secured its move to St. Petersburg with a major presence in the Carillon area,” says Kenneth T. Welch, the mayor of …

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CBL Properties Promotes Several Officers

by Katie Lee

Chattanooga, Tenn. — CBL Properties has made several promotions including one promotion to senior vice president and five new vice presidents. “We are proud to recognize the significant contributions of these individuals with these well-deserved promotions,” says Stephen D. Lebovitz, chief executive officer of CBL Properties. “Their dedication, leadership and ongoing commitment to CBL have been instrumental to our success, and we look forward to seeing the impact they will continue to make in their new roles.” • Karen Walker was promoted to senior vice president – technology solutions. She …

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Schaphorst Restaurant Facility Maintenance quote from article
Content Partnerfacilities managementFeaturesHVAC/RIndustry Contentkitchen equipmentkitchen exhaust/grease controlMaintenXmanagementplumbingproperty managementrestaurantsroofing

How Facility Maintenance Drives Success in Restaurants

by Sarah Daniels

When ranking the maintenance and repair challenges associated with everyday commercial real estate spaces — especially those that could just as easily be owned by smaller investors as by institutional capital — putting restaurants at the top of the list is a pretty easy argument to make. The issues that arise in retail stores or even offices usually aren’t as messy or varied as those that emerge in food-and-beverage operations, points out Bill Schaphorst, vice president of business development at MaintenX, a Tampa, Fla.-based company that provides “curb-to-roof” facility maintenance …

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construction and designmanagementNewspeoplesoftware/technologyvendors

Apex Imaging Services Builds on World Class Team, Hires Bureau Veritas Executive

by Katie Lee

Pomona, Calif. — Apex Imaging Services welcomes former Target and Bureau Veritas executive Blake Brosa to its leadership team. He joins Apex with nearly 20 years of AEC management and business development leadership experience. Previously, Brosa spent 6 years with Target Corporation in various property development roles and the last decade with Bureau Veritas, where he oversaw sales, marketing, strategy and client experience. “Retailers are seeking single-source solutions and partners that can truly deliver at scale,” says Brosa. “I was immediately impressed by Apex’s differentiated self-perform capabilities, investment in its …

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JCPenney, SPARC Merge to Form Catalyst Brands

by Katie Lee

Plano, Texas — JCPenney and SPARC Group plan to merge, forming Catalyst Brands. Catalyst Brands launches with 1,800 store locations, 60,000 employees, more than $9 billion of revenue and $1 billion of liquidity. JCPenney and SPARC Group have created a joint venture in an all-equity transaction to form the combined organization, with Simon Property Group, Brookfield Corp., Authentic Brands Group and Shein as shareholders. The combined portfolio features six retail banners — the SPARC Group’s Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica and JCPenney. Marc Rosen, formerly the …

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Vestar to Manage Vista Commons Near Las Vegas

by Katie Lee

Las Vegas — Vestar, a Phoenix-based privately held shopping center owner and manager, will provide comprehensive management services for Vista Commons, a 100,000-square-foot grocery-anchored shopping center located in the West Summerlin area of Las Vegas. Vestar, which will offer property management as well as construction management, will manage Vista Commons on behalf of an institutional client, for whom it manages nearly 3.5 million square feet. Vista Commons is 100% occupied with a diverse mix of tenants including Albertsons, Wells Fargo, State Farm, Subway, Bank of America and Dunkin Donuts. The …

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Centennial Names New President

by Katie Lee

Dallas — Centennial, a retail real estate owner and operator with a national portfolio of shopping, dining, entertainment and mixed-use destinations as well as a full-service property management platform serving third-party owners (www.centennialrec.com), has appointed Paul Kurzawa to serve as president. Kurzawa is an experienced real estate and entertainment executive with more than 25 years of international multi-asset and multi-discipline expertise in the commercial real estate and entertainment industries. He has worked for some of the most distinguished global real estate and entertainment companies in the world, including The Blackstone …

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construction and designCover StoryFrom The Magazinemanagementproperty managementremodelsrestaurantsretailers

The Placemaker

by Katie Lee

— By Katie Lee — PREIT is redefining the role of malls by transforming them into vibrant community hubs. As a premier developer and operator of retail and entertainment destinations all over the country, in some of the most sought-after, high barrier-to-entry MSAs, PREIT has long understood the importance of creating a “sense of place.” But with more than 6 decades of experience and a foresight to see beyond the traditional malls or power centers of its early years, today PREIT and its 17 premier properties offer so much more …

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