Southfield, Mich. — Continuum Services, a single-source, full-service building maintenance and facility services company, has hired Dan Ringo as chief operating officer (COO). Continuum is an affiliated company of REDICO, a national real estate development, investment, construction and property management company.
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Charlotte, N.C. — Belk, Inc., the nation’s largest family owned and operated fashion department store company, has entered into a definitive merger agreement whereby investment funds managed by New York-based private equity firm Sycamore Partners will acquire 100% of Belk in a $3 billion transaction.
Toronto — Lowe’s Canada has appointed Jeff Boyd as vice president, real estate, construction and store design, effective immediately. Boyd joined Lowe’s in October 2007 and has played an instrumental role in the development of the company’s real estate and construction function in Canada over the past 7 and a half years.
Los Angeles — The Coffee Bean & Tea Leaf®, Southern California’s oldest and largest privately-held specialty coffee and tea retailer in the U.S., has signed an exclusive area development agreement with South Korean retail conglomerate, E-LAND, to introduce its brand to China.
Honolulu — JLL has been retained to manage and handle accounting services for The Shops at Wailea in Maui, Hawaii, on behalf of a global real estate investment firm. The recently acquired 176,229-square-foot retail destination is located in the heart of the affluent Wailea Resort. The property boasts global luxury retailers including Louis Vuitton, Prada, Gucci, Bottega Veneta, Rolex and Tiffany & Co., with Island Gourmet Market launching in September.
Atlanta — Paradies, a leading airport concessionaire in the U.S., has signed an agreement to be acquired by Lagardère Travel Retail, a global leader in travel retail that operates in 150 airports across 30 countries. The closing is expected in the fourth quarter of 2015.