property management

S.L. Nusbaum Realty Co. to Manage Village Marketplace in Virginia

by Katie Lee August 7, 2023

Richmond, Va. — S.L. Nusbaum Realty Co. has been retained to provide leasing and management services for Village Marketplace in Midlothian, Va. Mary Yelinek will lead the management efforts on behalf of the new landlord, SUNCAP Real Estate Investments, who purchased the property in July. The 131,814-square-foot, Food Lion-anchored center features a dedicated turn lane, multiple points of ingress/egress and an average household income of $151,074 within a 3-mile radius. “We are thrilled to include Village Marketplace in our property portfolio and eagerly anticipate collaborating with the landlord and our …

August 7, 2023

management News property management

Vestar Selected to Manage Homestead Square in Cupertino, CA

by Katie Lee August 2, 2023

San Francisco — Vestar, one of the leading privately held shopping center owners and managers in the western United States, has been retained by MetLife Investment Management to provide management services for Homestead Square, a 203,000-square-foot power center located in Cupertino, Calif. Geared toward management of quality institutional assets, Vestar currently operates nearly 70 properties, encompassing 30 million square feet of retail space across seven western states. In the Bay Area/Northern California, the company oversees 12 centers encompassing 3.8 million square feet, including Hacienda Crossing in Dublin, Alameda Landing in …

August 2, 2023

construction and design management News property management remodels retailers

CenterSquare Completes Renovations, Rebranding of Shopping Center Near Nashville

by Katie Lee July 6, 2023

Brentwood, Tenn. — CenterSquare Investment Management has recently completed renovations at Brentwood Corners (formerly Lakeside Center), a 22,268-square-foot Essential Service Retail (ESR) property located in Brentwood, Tenn., a Nashville suburb. The property has undergone several enhancements, including a newly milled and repaved parking lot, freshly painted facades and awnings, a complete roof replacement, revitalized landscaping, and the installation of LED lighting in both the shopping center and the surrounding parking area. In addition to the range of physical improvements implemented, the property has also undergone a change in ownership and …

July 6, 2023

construction and design exterior services/landscaping Industry Voices property management

The Retail Comeback

by Katie Lee July 5, 2023

— Interview with Tom Real — How restaurants and retail stores can capitalize on the post-pandemic revival. Although brick-and-mortar stores and restaurants were among the real estate sectors that suffered the most during the pandemic, these sectors also came roaring back as the crisis subsided. Owners of retail and restaurant properties are now looking for enticing amenities and engaging experiences that will pique investor and customer interest. We spoke with Tom Real, vice president of engineering and preconstruction at OTL, a leader in water features, rockwork and themed environments, about …

July 5, 2023

energy management green building/LEED green news HVAC/R lighting management News property management retailers

Kimco Realty® Publishes 2022 Corporate Responsibility Report

by Katie Lee June 29, 2023

Jericho, N.Y. — Kimco Realty®, North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, has published its 2022 Corporate Responsibility Report. The report highlights the company’s progress in addressing environmental, social and governance (ESG) topics, which have been a focus for Kimco and its stakeholders for over a decade. “We remain dedicated to our focus on ESG, acknowledging its inherent connection to the maximization of long term stakeholder value,” says Conor Flynn, CEO of Kimco. “Our 2022 achievements reflect …

June 29, 2023

management News people property management retailers

Vestar Names Industry Veteran to Regional Director Position

by Katie Lee May 30, 2023

Phoenix — Vestar, one of the leading privately held shopping center owners and managers in the western U.S., has tapped industry veteran Charles Martinez to be its new regional director overseeing its Northern California properties. Over the past 15 years, Martinez has worked for a variety of retail development and redevelopment projects in Los Angeles, San Francisco and East Bay, Calif., as well as in Abu Dhabi in the United Arab Emirates. In his new role, Martinez will be responsible for managing a portfolio of 11 shopping centers from Petaluma …

May 30, 2023

facilities management News property management vendors

MCS Acquires Chain Store Maintenance

by Katie Lee February 16, 2023

Lewisville, Texas — MCS, a national property services company founded in 1986, has acquired industry-leading commercial facilities services firm Chain Store Maintenance (CSM). MCS’s interior commercial facility services platform will be marketed as Chain Store Maintenance – an MCS Company, offering the core interior maintenance services that CSM is known for. Exterior facility services will continue to be marketed under MCS. In addition to expanding MCS’s overall commercial services offerings, the acquisition enhances its ability to serve its residential clients in the mortgage servicing and single-family rental industries with an …

February 16, 2023

construction and design management News property management

Klein Enterprises Redevelops Valley Plaza Shopping Center in Maryland

by Katie Lee January 26, 2023

Baltimore, Md. — Klein Enterprises, a vertically integrated investor, developer and operator of diversified real estate holdings, has completed the redevelopment of the Valley Plaza shopping center in Hagerstown, Md. Enhancements to the center include an all new-façade, new pylon signage, a resurfaced parking lot and lighting upgrades. Several new national retailers have signed leases with the shopping center, including the first Maryland locations for Boot Barn (opening Feb. 1, 2023) and Grocery Outlet (which opened in summer 2022). The 190,900-square-foot shopping center is home to multiple retail and dining …

January 26, 2023

management News people property management retailers

Trademark Names New General Manager for Annapolis Town Center

by Katie Lee January 24, 2023

Annapolis, Md. — Annapolis Town Center, a premier shopping lifestyle destination, has added Christi Swanson as its new general manager. Swanson will manage all aspects of Annapolis Town Center, including marketing, operations, business development, events and property upgrades. Swanson is a retail industry expert with almost 20 years of experience holding various roles in guest experience, marketing and property management. Her expertise is helping emerging retailers find their footing and flourish within their target customer base. “With Christi’s leadership, Annapolis Town Center will continue to evolve,” says Maranda Auzenne, CRRP, …

January 24, 2023

management News people property management retailers

Kimco Realty Bolsters Southern Region Team with New VP of Development

by Katie Lee November 16, 2022

Jericho, N.Y. — Kimco Realty has appointed Josh Gelfman as vice president of development as the company continues to expand its presence in Florida. Gelfman will oversee value-creating redevelopment, expansion and mixed-use projects for Kimco’s Southern region, including South Miami shopping center, Oakwood Plaza North & South, Colonial Plaza and Cypress Creek Station, all located in Florida. “Josh’s knowledge of the Florida market, strong relationships with key stakeholders and proven track record of getting redevelopment projects over the finish line will be vital as Kimco expands its portfolio and mixed-use …

November 16, 2022

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