REAL ESTATE

CBRE promotes Patrick Arangio to vice chairman

BY Michael Fickes

New York — CBRE Group announced today that Patrick Arangio, co-leader of CBRE’s Capital Markets’ National Loan Sale Advisory Group, has been promoted to vice chairman. The 13-year industry veteran has participated in the advisory and placement of more than $18 billion in loan sales during his career. At age 34, he will become Capital markets’ youngest vice chairman.

In 2012, Arangio earned a spot on The Mortgage Observer’s Top 20 Under 35.

“The levels of achievement to attain the vice chairman title are extraordinary in tenure, financial achievement and adherence to company values,” said Christopher Ludeman, president, CBRE Capital Markets. “In every measure, Patrick has met and exceeded the standards set by the firm.”

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REAL ESTATE

Domino’s debuts new design in metro New Orleans

BY Michael Fickes

New Orleans — Domino’ Pizza franchise operator in Alabama, Louisiana and Mississippi, RPM Pizza, has debuted a new Domino’s store design on the West Bank of the Mississippi River in the New Orleans metropolitan area.

The new design includes a lobby, open-area viewing of food preparation and a lobby screen that tracks carryout orders electronically. In addition, chalkboards invite customers to leave feedback for store employees.

Dominos boasts more than 10,400 stores in more than 70 international markets.

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CVS opens new mail service pharmacy

BY Michael Fickes

Woonsocket, R.I. — CVS Caremark has opened a 150,000-sq.-ft. fulfillment center in Mt. Prospect, Ill. It will support the CVS Caremark Pharmacy Benefit Management book of business. The $67 million facility can fill 50 million prescriptions annually. Proprietary technology at the facility automates 90% of the dispensed prescriptions and 80% of the prescriptions packaged for mailing. On-site pharmacists visually check all of the prescriptions.

The facility includes a customer center with an executive briefing room designed to introduce CVS Caremark’s integrated programs and services. Video and touch-screen technology offer presentations and allow direct interaction with CVS retail pharmacists, specialty pharmacists and mail service pharmacists as well as Minute Clinic nurse practitioners via tele-presence technology.

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