Kansas City, Mo. — Trademark Property Company, mixed-use investor, developer and operator, completed the initial renovations of Zona Rosa, a 1.1 million-square-foot mixed-use town center located in Kansas City’s Northland. “By carefully considering each amenity addition and renovation, we’ve reinvigorated the overall…
— By Carty Davis — The evolving restaurant facility, changing priorities in CAPEX and capital through and post-COVID. As regulations and mandates end, owners and operators continue to adapt to a post-COVID society. Declining COVID cases and vaccine availability…
North Plainfield, N.J. — Denise Ciaravino has been promoted to portfolio manager at Levin Management Corporation (LMC), according to Erika Toscani, vice president of property management. Ciaravino joined the North Plainfield, N.J.-based commercial real estate services firm in 2006 as…
Columbus, Ohio — Washington Prime Group, an Ohio-based owner-operator of regional malls and shopping centers, has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas. WPG cited insurmountable operating challenges tied to the…
Studio City, Calif. — Midwood Investment & Development is nearing completion on The Shops at Sportsmen’s Lodge, a $100 million retail redevelopment of land formerly occupied by a meeting and convention center in Studio City, Calif. A rolling opening for…
Jericho, N.Y., and Houston — Kimco Realty Corp., one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, and Weingarten Realty Investors, a grocery-anchored Sun Belt shopping center owner, manager and developer,…
Bloomfield Hills, Mich. — The Taubman Company LLC has promoted William S. Taubman to president of the company; he will also retain his role as chief operating officer. Taubman will continue to report to Robert S. Taubman, chairman and chief…
Lynchburg, Va. — The first week of January, River Ridge outlined the next phase of its redevelopment, beginning with the demolition of the former Macy’s building on the West End of the property scheduled for first quarter 2021. The revitalized West…
Atlanta — A new food hall is coming to Colony Square, the 50-year-old mixed-use destination undergoing a massive $400 million transformation at the corner of 14th and Peachtree Street in Midtown Atlanta. The food hall will open this spring and…
Chattanooga, Tenn. — CBL Properties has struck a deal with its lenders on a restructuring plan that will eliminate $900 million in debt and reduce annual interest expense by $20 million. Although the official press release from CBL did not…
Raleigh, N.C. — Pacific Retail Capital Partners (PRCP) has been hired to take over the management and leasing of the popular 1.3 million-square-foot Crabtree Valley Mall in Raleigh, N.C. In the midst of the national coronavirus pandemic that caused shopping…
Indianapolis — Simon Property Group has agreed to acquire an 80% interest in Taubman Centers Inc., a Michigan-based retail owner-operator, for approximately $3.6 billion. Under the terms of the agreement, Simon is buying all of Taubman’s common stock at a…
Cincinnati — Phillips Edison & Company (PECO), an internally-managed real estate investment trust (REIT) and one of the nation’s largest owners and operators of grocery-anchored shopping centers, has released its insights on the top shopping center trends to watch in…
Chester, N.J. — Levin Management Corporation (LMC) of North Plainfield, N.J., has added another quality Garden State assignment to its retail portfolio. The commercial real estate services firm has been named exclusive managing agent for Chester Springs, an approximately 226,000-square-foot,…
Beverly Hills, Calif. — Kennedy Wilson Brokerage, a division of Kennedy Wilson, a global real estate investment and services firm, has hired Scott Gordon as a senior vice president of property services in its Los Angeles office. Gordon will provide…
Arlington, Texas — Weitzman’s management division will soon begin the redevelopment of Fielder Plaza, a 157,575-square-foot retail center in Arlington, Texas. The project will include a remodeling of the interior of the 52,000-square-foot anchor space occupied by grocer Tom Thumb,…
North Plainfield, N.J. — Levin Management Corporation (LMC) has appointed Stephanie Harris as vice president of leasing, according to Matthew K. Harding, president. This key addition augments LMC’s executive leadership team during a period of strong growth and transactional volume…
Cleveland — Forest City Realty Trust, Inc. has earned three significant sustainability recognitions from prominent organizations. Along with other real estate companies committed to green development and management, Forest City was named a: LEED Power Builder by the U.S. Green…
New York City — Safari Energy, a leading commercial and industrial solar developer, has inaugurated its solar rooftop system at Francis Scott Key Mall in Frederick, Md. The 2,056 kilowatt capacity project, which is now operational, is currently providing clean…
North Plainfield, N.J. — Maxim Gagneron has joined commercial real estate services firm Levin Management Corporation (LMC) as vice president of construction/development, according to Matthew K. Harding, president of LMC.…
Greenville, S.C. — National Asset Services (NAS), one of the country’s leading commercial real estate management companies, has been named the asset management company for Verdae Village Shopping Center in Greenville, S.C.…
Melville, N.Y. — Former Sears Holdings and Ashley Furniture real estate and M&A executive Jim Terrell has joined A&G Realty Partners as a senior managing director.…
North Plainfield, N.J. — Commercial real estate services firm Levin Management Corporation (LMC) has added eight new team members. The appointments span a variety of departments — including accounting, marketing, property management and legal.…
New York City — RD Management LLC, one of the nation’s largest privately held real-estate development and management organizations, has hired Christopher Bowen as chief development strategist to manage the redevelopment project of University Mall in Tampa, Fla. Bowen brings…
Chicago — Starwood Retail Partners has named Eric Allen vice president of construction, effective January 22, 2018. He will report to Starwood Retail COO Jeff Zeigler. Allen joins Starwood from Simon Property Group.…
Livonia, Mich. — Livonia Mich.-based Schostak Brothers & Company has hired Thomas W. Litzler as executive vice president and chief operating officer, according to CEO David Schostak. He joins the company from Brixmor Property Group.…