Indianapolis—Simon Property Group, Inc. will assume leasing, management and marketing duties at The Shops at Montebello, an L.A.-area regional mall, beginning Tuesday, February 1, 2011.
Fort Worth, TX—Julian Day (left) plans to retire as chairman, CEO and a director of RadioShack Corporation, effective May 2011. Current CFO Jim Gooch will succeed him.
Plano, TX—In a strategic effort to maximize long term growth and profitability, J. C. Penney Company, Inc. plans to close certain underperforming store locations.
New York City—The Feil Organization has arranged a groundbreaking lease with Tommy Bahama for the opening of the retailer’s first Manhattan store at 551 Fifth Avenue at 45th Street.
Okeechobee, FL—Waste Management, Inc. is developing a new organics facility in Florida that will process waste from South Florida businesses and residents to create organic compost products.
Minneapolis—Target Corporation recently acquired the leasehold interests of 220 retail sites in Canada, allowing Target to open stores in Canada beginning in 2013.
Atlanta —Joe’s Jeans Inc. has opened its fourth full-price branded store at the upscale Phipps Plaza mall in Atlanta. The store hosted a grand opening on January 19, 2011.
Columbus, OH—Retail REIT Glimcher Realty Trust has plans for the largest single-roof top solar system in North America to be built on the roof of Jersey Gardens in Elizabeth, New Jersey.
