Westwood Financial Corp. has sold Olive Square, an 86,225-sq-.ft. retail center in Glendale, Ariz., to seller North American Realty Acquisition Corporation for $6.3 million.
Abercrombie & Fitch CEO Mike Jeffries told analysts during a conference call Wednesday that the teen retailer would close 180 U.S. stores by 2015.
Nordstrom reported that net earnings for the quarter ended Jan. 28 rose 1.7% to $236 million, compared with $232 million in the year-ago period.
A retail real estate market report, issued by Savills US retail group, found that, even as recovery remains slow, a few formats are progressing at a faster clip than others.
Venture Commercial said that Party City Corp. has signed three leases in Texas and Oklahoma, with plans to open new stores in Dallas; Edinburg, Texas; and Tulsa, Okla., ranging in size from 12,000 sq. ft. to 12,635 sq. ft.
DLC Management Corp. announced that it has named Jonathan Wigser as chief investment officer, charged with leading all of the company’s acquisition and disposition activities.
North Plainfield, N.J.-based Levin Management Corp. announced that Michaels Stores has leased 22,000 sq. ft. at Fairlane Village Mall in Pottsville, Pa.
Cleveland-based Forest City Enterprises announced that four new upscale women’s retailers have joined the company’s Charleston Town Center property, located in Charleston, W.Va.
CBL & Associates Properties announced the promotion of Scott Word to VP – asset management.
Dallas-based SRS Real Estate Partners said that Blink Fitness has leased 15,830 sq. ft. at 800 St. Anns Avenue in Bronx, N.Y.