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Vestar Selected to Manage Homestead Square in Cupertino, CA

by Katie Lee

San Francisco — Vestar, one of the leading privately held shopping center owners and managers in the western United States, has been retained by MetLife Investment Management to provide management services for Homestead Square, a 203,000-square-foot power center located in Cupertino, Calif. Geared toward management of quality institutional assets, Vestar currently operates nearly 70 properties, encompassing 30 million square feet of retail space across seven western states. In the Bay Area/Northern California, the company oversees 12 centers encompassing 3.8 million square feet, including Hacienda Crossing in Dublin, Alameda Landing in …

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CenterSquare Completes Renovations, Rebranding of Shopping Center Near Nashville

by Katie Lee

Brentwood, Tenn. — CenterSquare Investment Management has recently completed renovations at Brentwood Corners (formerly Lakeside Center), a 22,268-square-foot Essential Service Retail (ESR) property located in Brentwood, Tenn., a Nashville suburb. The property has undergone several enhancements, including a newly milled and repaved parking lot, freshly painted facades and awnings, a complete roof replacement, revitalized landscaping, and the installation of LED lighting in both the shopping center and the surrounding parking area. In addition to the range of physical improvements implemented, the property has also undergone a change in ownership and …

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Kimco Realty® Publishes 2022 Corporate Responsibility Report

by Katie Lee

Jericho, N.Y. — Kimco Realty®, North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, has published its 2022 Corporate Responsibility Report. The report highlights the company’s progress in addressing environmental, social and governance (ESG) topics, which have been a focus for Kimco and its stakeholders for over a decade. “We remain dedicated to our focus on ESG, acknowledging its inherent connection to the maximization of long term stakeholder value,” says Conor Flynn, CEO of Kimco. “Our 2022 achievements reflect …

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Vestar Names Industry Veteran to Regional Director Position

by Katie Lee

Phoenix — Vestar, one of the leading privately held shopping center owners and managers in the western U.S., has tapped industry veteran Charles Martinez to be its new regional director overseeing its Northern California properties. Over the past 15 years, Martinez has worked for a variety of retail development and redevelopment projects in Los Angeles, San Francisco and East Bay, Calif., as well as in Abu Dhabi in the United Arab Emirates. In his new role, Martinez will be responsible for managing a portfolio of 11 shopping centers from Petaluma …

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construction and designmanagementNewsproperty management

Klein Enterprises Redevelops Valley Plaza Shopping Center in Maryland

by Katie Lee

Baltimore, Md. — Klein Enterprises, a vertically integrated investor, developer and operator of diversified real estate holdings, has completed the redevelopment of the Valley Plaza shopping center in Hagerstown, Md. Enhancements to the center include an all new-façade, new pylon signage, a resurfaced parking lot and lighting upgrades. Several new national retailers have signed leases with the shopping center, including the first Maryland locations for Boot Barn (opening Feb. 1, 2023) and Grocery Outlet (which opened in summer 2022). The 190,900-square-foot shopping center is home to multiple retail and dining …

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Trademark Names New General Manager for Annapolis Town Center

by Katie Lee

Annapolis, Md. — Annapolis Town Center, a premier shopping lifestyle destination, has added Christi Swanson as its new general manager. Swanson will manage all aspects of Annapolis Town Center, including marketing, operations, business development, events and property upgrades. Swanson is a retail industry expert with almost 20 years of experience holding various roles in guest experience, marketing and property management. Her expertise is helping emerging retailers find their footing and flourish within their target customer base. “With Christi’s leadership, Annapolis Town Center will continue to evolve,” says Maranda Auzenne, CRRP, …

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Unibail-Rodamco-Westfield Appoints New CEO, URW Airports

by Katie Lee

Los Angeles — Unibail-Rodamco-Westfield (URW) has appointed Dany Nasr as CEO URW Airports, leading the continued growth of its portfolio of airport and transit retail programs. “Dany’s extensive airport experience in North America and across the globe will strongly benefit our clients, partners and the communities we serve,” says Dominic Lowe, chief operating officer of URW U.S. “He’s a proven leader who will successfully deliver our pipeline of dynamic projects and create new business partnerships in the U.S. and Europe for our airports and transit hub platform.” Nasr joins URW …

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Kimco Realty Recognized by Nareit for Outstanding Retail Sustainability Practices

by Katie Lee

Jericho, N.Y. — Kimco Realty®, North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers, and a growing portfolio of mixed-use assets, has been awarded Nareit’s ‘Leader in the Light Award’ for the retail REIT sector, marking the third time the company has received this prestigious recognition for its sustainability initiatives. The Leader in the Light awards are given to REITs that have demonstrated outstanding environmental, social and governance (ESG) practices throughout the year, with winners selected by an interdisciplinary panel of judges. “It is an honor …

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Kimco Realty Bolsters Southern Region Team with New VP of Development

by Katie Lee

Jericho, N.Y. — Kimco Realty has appointed Josh Gelfman as vice president of development as the company continues to expand its presence in Florida. Gelfman will oversee value-creating redevelopment, expansion and mixed-use projects for Kimco’s Southern region, including South Miami shopping center, Oakwood Plaza North & South, Colonial Plaza and Cypress Creek Station, all located in Florida. “Josh’s knowledge of the Florida market, strong relationships with key stakeholders and proven track record of getting redevelopment projects over the finish line will be vital as Kimco expands its portfolio and mixed-use …

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RD Management Breaks Ground on The Home Depot in Pennsylvania

by Katie Lee

New York City — RD Management LLC, one of the nation’s largest privately held real estate development and management organizations, has commenced construction on The Home Depot at Macungie Crossing, a new community shopping center anticipated to encompass 182,000 square feet of retail and restaurant space in Trexlertown, Pa. The new 136,000-square-foot location featuring a garden center is slated to open in summer 2023. “The Home Depot opening at Macungie Crossing is a great win for local community members needing a close, convenient option for their home improvement and construction …

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