OPERATIONS

Cafaro hires leasing representative

BY CSA STAFF

Youngstown, Ohio The Cafaro Co. said it has appointed Arthur E. Stevens III as a senior leasing representative. Stevens is formerly senior VP leasing for Poag & McEwen Lifestyle Centers LLC, of Memphis, Tenn.

Stevens, 55, will be responsible for leasing activities in a variety of Cafaro’s retail properties.

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OPERATIONS

Cost Plus announces exec changes

BY CSA STAFF

Oakland, Calif. Cost Plus announced that board member Christopher Dodds will not stand for reelection due to other time commitments, particularly his role as senior advisor with The Carlyle Group.

Ken Stevens, a member of the company’s audit committee, will replace Dodds. During the past year, the company added two members to its board of directors and will not seek to replace Dodds.

The company also announced that Ray Whitley, senior VP supply chain, has left the company. Whitley’s position will not be replaced and his responsibilities have been assigned to other members of the executive team.

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Partnership to advise shopping center owners

BY CSA STAFF

Newport Beach, Calif. A pair of landlord-tenant real estate advisors announced they have joined forces and launched a new partnership. Linda Crowley and Carie Boyce formed Crowley & Boyce Retail Property Advisors to enhance retail property value, provide market, demographic and tenant operations analyses, as well as offer repositioning and tenant-retention strategies.

“Both shopping center stabilization and rent repositioning  require full focus and immersion into the process, which we can provide, thus freeing up time for our clients to continue to manage their businesses in this very competitive climate,” said Crowley.

Prior to forming Crowley & Boyce, Crowley was president of Urban Street Advisors. Boyce is a former retailer, having held positions with Wherehouse Entertainment, Bristol Farms and Gelson’s Market, as well as served the site selection and lease-negotiation needs for numerous retailers, including A/X Armani Exchange, The Cheesecake Factory, Kenneth Cole, Marshalls (TJX Cos.) and Office Depot.

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