REAL ESTATE

  • CB Richard Ellis announces promotion

    Los Angeles -- CB Richard Ellis Group announced Monday that Grayson Gill has been promoted to COO of the company’s Asset Services business line.  

    Gill previously held the title of Senior Managing Director.

    In his new role, he will be responsible for the operations of Asset Services in the United States, overseeing all of the business line’s operational departments, including Legal, Employee Relations, Finance, Technology, Procurement, Human Resources, Technical Services, and Client Accounting.

  • DDR announces new name, tagline and brand identity

    Beachwood, Ohio -- Developers Diversified Realty Corp. announced Monday that it will officially change its name to DDR Corp., and adopt its New York Stock Exchange ticker symbol and most commonly referred identity, DDR, as its official brand name.

    The company also unveiled a new logo, tagline and brand identity.

  • Aldi close to deal for Manhattan space

    New York City -- Aldi is close to making a deal to open its first supermarket in Manhattan, Craine’s New York reported.

    The German discount grocer opened its first store in New York City, in Queens, last year. According to Craine’s, Aldi is set to lease space at East River Plaza, located between 116th St. and 119 St. in Harlem. The shopper center already boasts such tenants as Target, Best Buy and the city’s first Costco.

  • Dunkin’ Donuts looks to expand West

    New York City -- Dunkin' Donuts is looking to expand in the western part of the country. The chain said it is actively seeking franchisees for parts of Colorado, Texas, Nebraska, Oklahoma and New Mexico, regions in which the Dunkin barely has a presence.

    To entice would-be franchisees, the company will offer reduced royalty fees and extra money for local advertising.

  • Belk to unveil new design at Waynesville Commons

    Waynesville, N.C. -- Shopping center developer CBL & Associates Properties, based in Chattanooga, Tenn., said Friday that it has launched construction on its newest community center project Waynesville Commons, located in Waynesville, N.C.

    The 127,500-sq.-ft. shopping center will be anchored by a new 85,000-sq.-ft. Belk fashion department store, which joins the existing Walmart.

  • Insurance Issues Too Important to Ignore

    By Robert Machson,

  • Banana Republic opens first store in Russia

    San Francisco -- Gap has opened its first Banana Republic store in Russia, in Moscow's AfiMall City. In related news, the company will open its first Gap store in Belgrade, Serbia, on Friday.

    “We are very proud to not only be introducing Banana Republic to Russia, but also opening our 200th franchise store,” said Stephen Sunnucks, president, international, Gap. “This is a significant landmark for our goal of growing our franchise store base to 400 by 2014.”

  • Electronic Arts makes retail debut with EA Sports Experience

    New York City -- Videogame maker Electronic Arts has entered the retail arena, opening the EA Sports Experience store, at the Charlotte Douglas International airport, Charlotte, N.C. It will open two additional U.S. airport locations by the end of 2011.

    The store sells EA Sports’ games and branded apparel, as well as gear from local sports teams. It features televisions with live sports programming, comfortable seating and electrical outlets to charge portable devices. Customers can also play their favorite EA Sports video games.

  • Report: Starbucks to triple stores in China by 2015; open 700 outlets in South Korea

    New York — Starbucks plans to triple the number of outlets it has in China during the next four years, the Associated Press reported.

    The company expects to increase the number of shops in China from 470 now to 1,500 by 2015, Asia-Pacific President Wang Jinlong said on Tuesday.

    Starbucks also plans to open 700 shops in South Korea by 2016, up from 370 now, the report said.

  • Casto names property management VP

    Columbus, Ohio -- Casto said Wednesday that Larry Schwenker has joined the firm as VP property management.

    Schwenker’s primary focus will be on the organization’s Midwest and Alabama commercial portfolio, which totals approximately 15 million sq. ft.

    Schwenker was most recently a principal at Bryant Management Services, based in Atlanta.
     

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