OPERATIONS

Edens & Avant names Will Ponder VP investments

BY CSA STAFF

Columbia, S.C. Edens & Avant announced Thursday it has promoted Will Ponder to VP investments, responsible for Edens & Avant’s Southeast portfolio encompassing 40 properties.

In this role, Ponder will proactively execute strategic plans for the overall Southeast portfolio as well as on an individual asset basis. With a focus on creating long-term value, he also will seek investment opportunities through acquisitions and dispositions in the region, which includes Georgia, Tennessee and the Carolinas. Additionally, Ponder will work directly with joint-venture partners, including interfacing with investors on appropriate assets.

Ponder joined Edens & Avant in 2005 as capital markets associate and most recently was director of investments for the Southeast region. 

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REAL ESTATE

Restaurant chains expanding in Manhattan

BY CSA STAFF

New York City Fast-food and casual-dining chains are taking advantage of more available restaurant spaces and budget-minded consumers who prefer inexpensive fare to debut and expand in Manhattan.

Panera Bread is looking at locations across Manhattan, while Toronto-based Freshii’s chain will break ground on its first of 20 anticipated New York locations next week, the Wall Street Journal reported. And Vapiano, a German-based pasta chain will open near Union Square next month.

Also coming to the Big Apple are the California-based Counter burger chain, due to debut in October in Times Square, and Elevation Burger, a Virginia-based chain, which is due to open in early fall.

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News

Guest Commentaries: Hurricane preparedness

BY CSA STAFF

The National Oceanic and Atmospheric Administration (NOAA) has released its predictions for the 2010 hurricane season, and the news wasn’t good. Predicting an “active to extremely active” hurricane season for the Atlantic Basin, the outlook reinforces the importance of having a hurricane preparedness plan in place.

Click here to read more.

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