REAL ESTATE

CBRE names president of central division

BY Staff Writer

Los Angeles — CBRE Group announced that Mike Gerard has been named president of the company’s U.S. Central Division, a geographic region with more than 25 offices in nine states.

Gerard has served as chief learning officer since early 2011, with responsibility for CBRE University, and other learning and development programs. He will continue to provide executive oversight for CBRE University. Andrea Lipton, corporate director of learning & development, has been promoted to VP and will run the university’s day-to-day operations.

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REAL ESTATE

Calla Lily Salon opens at Plymouth Meeting Mall

BY Staff Writer

Plymouth Meeting, Pa. — Philadelphia-based Pennsylvania Real Estate Investment Trust said that Calla Lily Salon recently opened a 1,529-sq.-ft. hair salon at Plymouth Meeting (Pa.) Mall.

Charming Charlie opened at the mall in July.

Plymouth Meeting Mall is anchored by Macy’s, Boscov’s, and Whole Foods Market and Café.

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REAL ESTATE

Report: Aurora Capital Associates interested in Daffys real estate

BY Staff Writer

New York — Aurora Capital Associates, a real estate investment firm, is reported to be acquiring New York-based discount retailer Daffys with plans to sublease its stores, according to Crain’s New York.

Daffy’s, which operates 19 stores, in July announced plans to liquidate by October.

The company has several prime real estate sites, eight of which are located in prime shopping area of Manhattan.

Real Estate Weekly first reported the news concerning Daffy’s possible acquisition.

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