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DICK’S House of Sport to Anchor New Retail Offerings at PREIT’s Cherry Hill Mall

by Katie Lee

Philadelphia — PREIT has named its next wave of retail additions to Cherry Hill Mall, one of the region’s premier shopping destinations, located in Cherry Hill, N.J. Anchoring the new lineup will be DICK’S House of Sport, a new retail experience from DICK’S Sporting Goods. Replacing the former One Cherry Hill office building, the new space will open in 2026 and introduce a new entrance, infusing fresh energy into the 1.3 million-square-foot shopping center. This targeted investment aligns with PREIT’s value-enhancing strategy with a focus on repurposing underutilized real estate …

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Levin Management Corporation Names New CFO 

by Katie Lee

North Plainfield, N.J. — Levin Management Corporation (LMC) has appointed Jeanette Oliver as chief financial officer (CFO). LMC is an established, vertically integrated commercial real estate services provider with a 125-property leasing and management portfolio. Prior to joining LMC, she was chief accounting officer at Silverstein Properties Inc. Oliver has more than 25 years of experience in the real estate and development industries. She brings a wealth of finance and accounting expertise to her new role. Prior to Silverstein, she previously served as accounting director at Forest City Ratner Companies. …

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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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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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John Catanese Preventative Maintenance quote
Content Partnerexterior services/landscapingfacilities managementHVAC/RIndustry Contentkitchen equipmentkitchen exhaust/grease controllightingparking lotsplumbingproperty managementrestaurantsretailerswaste management/recycling

11 Preventive Maintenance Services Retailers, Restaurants Need

by Sarah Daniels

Restaurants and retailers move fast. There’s no time for unexpected maintenance issues to slow you down. Preventive maintenance (PM) programs can help you avoid disruptions. “For retailers and restaurants, preventive maintenance programs are vital, but often overlooked,” says John Catanese, senior vice president at Chain Store Maintenance, an MCS Company. “They ensure your business can provide the best service to your customers consistently, safely, efficiently and cost effectively.” Why PM Matters Preventive maintenance delivers several key advantages: Enhanced reliability. By addressing minor issues before they escalate, you can prevent unexpected …

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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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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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Michael Garcia Colt Winterization quote
Colt Facility MaintenanceContent Partnerdisaster recoveryfacilities managementFeaturesHVAC/RIndustry Contentplumbingproperty managementrestaurantsretailersroofingsnow and ice management

Winter-Proofing Your Business: Essential Steps to Prepare Restaurants, Retail Stores for the Cold

by Sarah Daniels

Winter storms and plunging temperatures present special challenges to restaurants and retailers. To keep customers and employees comfortable until spring, operators should act now to winterize their properties and perform preventive maintenance before a crisis occurs. “When you know that winter is coming, it’s always better to be proactive than reactive,” says Michael Garcia, regional service manager in the Dallas office of Colt Facility Maintenance, a maintenance service provider. Winterization should begin before the cold sets in and while there is still time to address vulnerabilities discovered in buildings or …

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