— By Amanda Anderson — Do you have a team in place to react and respond? It is nine in the evening and the doors to your business are locked, drawers counted, shelves faced for a successful tomorrow. The day has just ended for you, but disasters don’t keep time. There has been a leak detected and it’s coming from behind a wall. The drywall is soft, and water is seeping onto the floor, drenching the carpet. It might be the end of day for you, but it’s the …
Deerfield Beach, Fla. — Laura Goetz has joined Konover South, LLC as vice president of property management. Goetz is an experienced industry veteran who was formerly with Grover Corlew and other notable companies such as Stiles Property Management and Terranova. She will be responsible for all property management activities on the firm’s assets. In addition to overseeing the property management division, she will work closely with Konover South’s development division in bringing all new properties to market. Laura’s primary responsibilities include budgeting and forecasting, rent collection, property maintenance, negotiation of …
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 officer. He will assume this position on a full-time basis upon Amanda Lombard’s departure, effective January 14, 2022. “We are pleased to have an executive of John’s caliber to step into the CFO role,” says Andrea Olshan, president and chief executive officer of Seritage Growth Properties. “John has been engaged …
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 of easy ways to promote employee satisfaction (in a time when there is a shortage of labor) and making cleaning easier (in a time when hygiene has never been more important). Check out some of the important topics and their video timestamps below, or click to hear Perazzo talk …
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 Zona Rosa experience to be a vital part of the community,” says Terry Montesi, CEO of Trademark Property. Zona Rosa improvements included tearing down a building to create open green space featuring outdoor seating, lawn games and event activities, including The Rink at Zona Rosa, an outdoor ice rink available …
— 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 on a large scale show hints of the virus fading into the past, which is encouraging to business owners and the overall economy. While COVID may be on the decline, consumer behaviors, preferences and the distribution systems that support these evolving consumer tastes are here to stay. The quick-service restaurant …
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 property manager and was named senior property manager in 2009; for the past decade she has overseen the day-to-day operation of a shopping center portfolio totaling approximately 1 million square feet. In her new role as portfolio manager, Ciaravino will also be the single point of contact for a 9-property, …
Columbus, Ohio — Washington Prime Group, an Ohio-based owner-operator of regional malls and shopping centers, has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas. WPG cited insurmountable operating challenges tied to the COVID-19 pandemic as the primary catalyst behind the move. Against that backdrop, both CNBC and Reuters reported that many of the company’s tenants were unable to pay rent at various points in time over the last 16 months as public health mandates and lockdowns decimated foot traffic throughout the brick-and-mortar …
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 issues for active as well as idle facilities. This deal is Powerhouse’s second major transaction, resulting in it becoming one of the four largest national managed services companies in the exterior space. As a result of the partnership, all Powerhouse Exterior Services Management (ESM) programs will be powered by DENTCO, …
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, have entered into a definitive merger agreement under which Weingarten will merge with and into Kimco, with Kimco continuing as the surviving public company. The transaction will create the preeminent open-air shopping center and mixed-use real estate owner in the country. The combined company is expected to have a pro …
