REAL ESTATE

Casto names property management VP

BY Staff Writer

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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REAL ESTATE

Algonquin Commons announces new leases

BY Staff Writer

Algonquin, Ill. — Oak Brook, Ill.-based Inland Real Estate Corp. said Wednesday that Niko’s Lodge has leased the space formerly occupied by Barley House at Algonquin Commons in Algonquin, Ill.

Niko’s Lodge, a wilderness-themed steak and seafood restaurant, will open in the 8,824-sq.-ft. space in late October. This will be the restaurant’s second location.

Algonquin Commons has seen an increase in leasing activity since January. Earlier this summer IRC announced that Ross Dress for Less will open one of its first Illinois stores at Algonquin Commons, along with Shoelace, Sears Outlet and Gourmet Kernel.

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REAL ESTATE

Grosvenor Americas makes executive appointments

BY Staff Writer

Washington, D.C. — Grosvenor Americas said Wednesday it has appointed Jonathan E. Carr to the position of development manager in the company’s Washington, D.C., office. He previously held the same title in Grosvenor Americas’ San Francisco office.

The company also announced that Michael Ward has been appointed to the position of VP in the company’s Calgary office. He previously served as VP for Grosvenor Americas in Washington, D.C.

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