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
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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
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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,
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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
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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,
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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
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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
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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
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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.
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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.
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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.
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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.
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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
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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.
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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.
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Philadelphia — PREIT has opened three new retailers at Viewmont Mall in Scranton, Pa., where the company recently recast its anchor mix. DICK’S Sporting Goods, Field & Stream and HomeGoods have opened within the space formerly occupied by Sears and
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Toronto — Oxford Properties Group plans to redevelop and expand the former Target location at Upper Canada Mall in Newmarket, Ontario (Canada). The redevelopment includes the introduction of a one-level, 64,000-square-foot Sport Chek location, a 40,000-square-foot first-to-market Food Market concept,
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Los Angeles — CBRE Group, Inc. has acquired Skye Group (Skye), a leading provider of retail project management, shopping center development and tenant coordination services in the U.S. and Canada. This acquisition enhances CBRE’s position in the retail market by
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Burlington, Ontario (Canada) — IKEA Canada has named Sue Coulet as the new IKEA Halifax store manager. Having held a variety of senior management roles in Atlantic Canada over the past two decades, including leading the expansion of two national
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Boise, Idaho — National Asset Services (NAS) has been named as management consultant for BODO, an urban lifestyle shopping, dining and entertainment attraction, located in the downtown city center of Boise.
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Texarkana, Texas — National Asset Services (NAS), one of the country’s leading commercial real estate companies, has been selected as the asset management company for a 56,427-square-foot portion of Richmond Ranch Shopping Center in Texarkana, Texas.
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Charlotte, N.C. — Northwood Retail, LLC has expanded its North Carolina presence with the addition of a leasing and management office in Charlotte. The regional office will oversee operations at Blakeney, Blakeney Crossing and Latta Arcade in Charlotte, N.C., as
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Livingston, N.J. — McAlister’s Deli recently opened at The Shoppes at the Livingston Circle in Livingston, N.J. The restaurant, which occupies approximately 3,000 square feet, marks the fast-casual chain’s first location in New Jersey.
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Jacksonville, Fla. — Regency Centers, a national owner, operator and developer of grocery-anchored shopping centers, in partnership with SoCore Energy and several of its retail partners, has installed over 750 KW of rooftop solar photovoltaic systems at Persimmon Place in Dublin, Calif.,
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New York City — The board of directors of Brixmor Property Group Inc. has named industry veteran James (Jim) M. Taylor as CEO and president. Taylor joins Brixmor with more than 20 years of experience in the commercial real estate industry. His
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Chicago — In South Chicago, Ford City Mall has signed lease extensions with anchor stores Carson’s and JCPenney, and both retailers are planning interior renovations. JCPenney will also add a new Sephora store inside, which is expected to open in
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