Seritage Growth Properties Appoints Interim CFO

New York City — Seritage Growth Properties, a national owner and developer of 170 retail, residential and mixed-use properties, has named John Garilli, an existing consultant to the company and former CEO of New York REIT, as interim chief financial…

Demonstration: Smarter Cleaning for Retail, Grocery & Restaurant Facilities

The Dec. 1 “Smarter Cleaning for Retail, Grocery & Restaurant Facilities” demonstration, hosted by Retail & Restaurant Facility Business, focused on important topics for any facility interested in cleanliness. Kaivac’s vice president of business development, Mike Perazzo, also makes note…

Trademark Completes Initial Renovation of Zona Rosa Mixed-Use Center in Kansas City

Kansas City, Mo. — Trademark Property Company, mixed-use investor, developer and operator, completed the initial renovations of Zona Rosa, a 1.1 million-square-foot mixed-use town center located in Kansas City’s Northland. “By carefully considering each amenity addition and renovation, we’ve reinvigorated the overall…

Post-COVID Capital

— By Carty Davis — The evolving restaurant facility, changing priorities in CAPEX and capital through and post-COVID.   As regulations and mandates end, owners and operators continue to adapt to a post-COVID society. Declining COVID cases and vaccine availability…

Levin Management Promotes Senior Property Manager to Portfolio Manager

North Plainfield, N.J. — Denise Ciaravino has been promoted to portfolio manager at Levin Management Corporation (LMC), according to Erika Toscani, vice president of property management. Ciaravino joined the North Plainfield, N.J.-based commercial real estate services firm in 2006 as…

Powerhouse Acquires Exterior Services Management Company DENTCO

Crowley, Texas — Powerhouse, a national construction, facilities maintenance and rollout service provider, has acquired DENTCO®, a national exterior services provider headquartered in DeWitt, Mich. The 44-year-old company offers a complete suite of all-season property management solutions addressing exterior services…

Kimco Realty and Weingarten Realty Plan to Merge

Jericho, N.Y., and Houston — Kimco Realty Corp., one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, and Weingarten Realty Investors, a grocery-anchored Sun Belt shopping center owner, manager and developer,…

Retail in the COVID Era

— By Gary Glick — Top 3 lease provisions negotiated by landlords and tenants.   Almost a year into this pandemic, retailers are still facing uncertainty in light of the recent spike of COVID-19 cases accompanied by a new wave…

New Restaurant Concept, Loaded Elevated Nachos, Now Open

St. Charles, Mo. — Streets of St. Charles, already home to Narwhal’s Crafted, has welcomed Loaded Elevated Nachos, a fun new food concept from Narwhal’s owners Brad Merten and Brandon Holzhueter. Loaded is the newest addition to 1450 Beale St.,…

Taubman Names New Chief Financial Officer

Bloomfield Hills, Mich. — The Taubman Company LLC’s executive vice president and chief financial officer, Simon Leopold, will leave the company effective January 31. Taubman’s vice president, capital markets and treasurer, Benjamin Meeker, will be promoted to senior vice president,…

Before the Fall

— By Jessica Schultz — Don’t slip up this winter and let your patrons down.   Preventing and managing slip-and-fall accidents at your locations is just as important as all other exterior and interior maintenance items. Being in the middle…

Liberty University to Redevelop Portion of Mall Near Campus

Lynchburg, Va. — The first week of January, River Ridge outlined the next phase of its redevelopment, beginning with the demolition of the former Macy’s building on the West End of the property scheduled for first quarter 2021. The revitalized West…

Simon Property Group Completes Acquisition of Taubman Centers, Inc.

Indianapolis — Simon Property Group, Inc. has completed its acquisition of an 80% ownership interest in The Taubman Realty Group Limited Partnership (TRG) for approximately $3.4 billion. Under the terms of the transaction, Simon, through its operating partnership, Simon Property…

What to Know: On the Go

— By Michelle Egan — What you need to know when adding or updating curbside pickup service.   Prior to the pandemic, it could be argued that many (if not most) restaurants offered takeout while some actually had curbside pickup.…

Common Area Costs During COVID

— By Dan Villalpando — Key retail lease provisions to revisit in light of COVID-19.   The outbreak of the COVID-19 pandemic forced many retailers to close their doors to customers beginning in March 2020, just as the overall economy…

Trademark Property Company Hires New Vice President of Experience

Fort Worth, Texas — Trademark Property Company, the Fort Worth, Texas-based retail and mixed-use development, investment and institutional services firm, is taking its focus on experiential retail and guest experiences to the next level with hire of Chuck Steelman as…

CAP Hires National Sales Executive

Salt Lake City — Commercial Asset Preservation, LLC (CAP), a nationwide provider of maintenance, repair and inspection services for operating and vacant retail, restaurant, medical, office and industrial real estate, has hired Samuel Cerminaro, Jr. as a national sales executive.…

Simon Terminates $3.6 Billion Taubman Merger Agreement

Indianapolis — Simon Property Group has terminated its Feb. 9 merger agreement with Taubman Centers Inc. Simon also filed an action on June 10 in Michigan’s Oakland County Circuit Court saying Taubman breached the covenants in the merger agreement. Under…