property management

Peter Tsanacas Facility Maintenance quote

It’s another thing for restaurant operators to worry about; all the costs of doing business, including food, rent, labor and energy are increasing, according to the National Restaurant Association’s 2024 State of the Restaurant Industry survey, released in February. It’s bad news for any business operating on razor-thin margins. Restaurant operators complain that they have little control over food and rent costs, while the need to remain competitive often blocks operators from making cuts in staffing and food. The situation forces restaurant owners, and other businesses such as retail, to …

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Orange County, Calif. — Embracing the fervor surrounding the beloved sport of pickleball, Dink & Dine Pickle Parks, based in Orange County, Calif., plans to revolutionize the Arizona market with a new pickleball “eatertainment” concept. Located at Mesa Riverview, an open-air shopping center in Mesa, Ariz., the venue will offer 11 pickleball courts, four restaurants, multiple bars, seating for over 300 guests, a live music stage, and supplementary play areas. The Mesa location marks the inaugural Dink & Dine establishment, with negotiations underway for expansion into Southern California, Northern California, …

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Russell Leffers MaintenX Remodeling Quote

It’s going to happen, and any quick-service restaurant (QSR) owner-operator knows it. Sometime not too far in the future, they’ll need a refresh or remodel of their properties. There’s no getting out of it. Here are some hints from two project managers from MaintenX, a provider of HVAC&R, plumbing, electrical, roofing, construction and general contracting for multisite retailers, restaurants, healthcare, multifamily and other industries. They cover key topics like assembling the correct refresh or remodel team, managing the process and keeping projects on track in the face of potential delays, with a …

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New York City — Global luxury group Kering has acquired a multi-level retail property at 715-717 Fifth Ave. in New York City for $963 million. The Paris-based company manages the development of a number of major fashion houses including Gucci, Saint Laurent, Balenciaga and Alexander McQueen.  The 115,000-square-foot space spans multiple levels at the base of the Corning Glass Building, a 28-story office tower developed in 1959. Rival fashion houses Dolce & Gabbana and Armani currently occupy the space. The Armani lease at the property is up in a few …

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New York City — Empire State Realty Trust, Inc. will welcome Ghirardelli Chocolate Company in a 2,758-square-foot retail space at the base of the world-famous Empire State Building this summer. “Ghirardelli Chocolate is excited to open our first shop in New York. We are proud of our 171-year history that started in San Francisco,” says a spokesperson for Ghirardelli Chocolate Company. “We can’t wait to welcome our guests in New York to create sweet memories with friends and family for many generations to come. Our shops are designed to showcase …

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Harrisburg, Pa. — St. John Properties Inc. has unveiled plans for the redevelopment of Harrisburg Mall, a 1 million-square-foot regional mall located in the Swatara Township section of Dauphin County. The company plans to build Swatara Exchange, a mixed-use development consisting of multi-use commercial space and supporting inline retail and retail pad sites. The mall will undergo an extended demolition program that is expected to conclude in 2025. The existing Bass Pro Shops and Applebee’s Grill + Bar restaurant will remain operational, and the former Toys”R”Us building will be marketed …

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Holbrook, N.Y. — Regency Centers has begun the redevelopment of the 280,000-square-foot former SunVet Mall in the Long Island community of Holbrook. Regency has rebranded the 50-year-old property as The Shops at SunVet and plans to reposition it as a 168,000-square-foot, open-air shopping center with six outparcels. Whole Foods Market will anchor the center. Demolition of the existing structure is underway, and new construction is scheduled to begin in spring 2024. SBLM Architects is the lead architect on the project. SOURCE: www.REBusinessOnline.com

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North Plainfield, N.J. — Levin Management Corporation (LMC) has added Greg Tocco as executive vice president. He brings more than 20 years of broad industry and leadership experience to this key senior management role at the North Plainfield, N.J.-based commercial real estate services firm. Prior to joining LMC, Tocco was executive vice president of asset services at Metro Commercial. He previously held positions at Seritage Growth Properties and Rait Financial Trust. Tocco is overseeing LMC’s property operations, accounting and lease administration, and will be integral in implementing corporate growth initiatives …

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Annapolis, Md. — Thomas Park Management, a fast-growing property management and building maintenance services firm, has been awarded a contract to provide building maintenance services at the Annapolis Town Center in Annapolis, Md. “We are thrilled to be awarded this contract to provide building maintenance services at the Annapolis Town Center,” says Mason Popham, executive vice president at Thomas Park Management. “The Annapolis Town Center is a premier shopping and dining destination, and we are committed to providing the highest level of service to build on the Class A environment …

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Long Beach, Calif. — Vestar, one of the leading privately held shopping center owners and managers in the western United States, has appointed Eddie Ollmann as vice president of property management for its West Coast region which is comprised of over 30 properties totaling nearly 11 million square feet of space. He will be based in Vestar’s regional office located in Long Beach, Calif. Ollmann brings a wealth of experience and expertise to Vestar, having spent 16 years in leadership roles with high profile and long-standing companies such as Irvine …

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