Vernon Hills, Ill. — Dallas-based real estate firm Centennial plans to expand on its Hawthorn 2.0 redevelopment of Hawthorn Mall, a super-regional shopping center in Vernon Hills, a northern suburb of Chicago. Built in 1973, the mall currently houses over 120 retailers. Centennial first announced the redevelopment of Hawthorn Mall in 2019, which included new retail and dining options, luxury multifamily housing and indoor/outdoor gathering spaces. The expanded plans nearly triple the new development at the property and include 162 units of seniors housing, a 25,000-square-foot grocery store and 109,000 …
property management
— By Doug Groves — Is your commercial property insured correctly? The world of property ownership has changed dramatically in recent years. With interest rates increasing, the overall cost of building materials going up, and the market value of properties also on the rise, it is more important than ever to know what’s covered in your insurance policy and what you are actually paying for . . . and if you are paying enough. More and more property owners who experience loss are shocked to learn after the fact …
Santa Monica, Calif. — Macerich, one of the nation’s leading owners, operators and developers of one-of-a-kind retail and mixed-use properties in top markets, is underway on the next phase of ongoing reinvestment in its iconic Scottsdale Fashion Square located in Scottsdale, Ariz. Plans include an extensive interior and exterior renovation of the south wing, building on the successful first phase that launched the property’s spectacular luxury wing in 2018. New, complementary uses coming soon to Scottsdale Fashion Square include high-end fitness + wellness destination Life Time Scottsdale and the new …
Los Angeles — chargeFUZE will scale its innovative and autonomous out-of-home mobile phone charging stations into Westfield shopping centers in the U.S. The initiative is part of an effort to ensure that Westfield guests have the best experience possible and can take advantage of all digital and tech-forward initiatives onsite. chargeFUZE’s portable charging network is being rolled out across Westfield’s US shopping centers, allowing guests to charge their devices while ‘on the go.’ chargeFUZE’s technology will enable Westfield visitors to remain untethered and to charge any device from the comfort …
North Plainfield, N.J. – The Levin name has been synonymous with New Jersey retail real estate since the post-WWII suburban migration sparked the Garden State’s first open-air shopping center developments. Seven decades later, as Levin Management Corporation (LMC) commemorates the platinum anniversary of its foundation, the North Plainfield, N.J.-based commercial real estate services organization is embracing a period of notable growth and portfolio diversification. LMC is an outgrowth of Levin Properties, a pioneering development firm founded by the late Philip J. Levin and subsequently led by the late Janice Levin, …
Indianapolis — Simon has the following new developments in major growing U.S. markets — Carson, Calif.; Nashville, Tenn.; and Tulsa, Okla. — as well as the expansion of Woodbury Common Premium Outlets in New York. “We are thrilled to bring these new and compelling projects to serve their markets, and they will provide the quality, variety and value combination that retailers and consumers have come to know and expect from Simon,” says David Simon, chairman, CEO and president of Simon. North of New York City, Simon is detailing plans for the …
— 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 …
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 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 …