REAL ESTATE

Edwin Watts acquires Double Eagle Golf

BY CSA STAFF

Fort Walton Beach, Fla. Edwin Watts Golf Shops said Monday it has acquired Double Eagle Golf in Cordova, Tenn. The 11,800-sq.-ft. will be converted to the Edwin Watts banner.

This announcement follows Edwin Watts’ multi-year agreement with Sears to open 12 “store-within-a-store” retail locations inside Sears stores nationwide. The retailer also recently acquired five retail stores through Southern Golf Partners.

Edwin Watts Golf Shops currently operates about 70 retail stores.

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REAL ESTATE

Santa Monica Place opens

BY CSA STAFF

Santa Monica, Calif. Macerich, one of the nation’s leading owners, operators and developers of regional shopping centers, on Friday opened the new Santa Monica Place, 524,000-sq.-ft., three-level, open-air retail and dining destination that is located just two blocks from the beach. The center is a recycling of the 1980s-era enclosed mall that Macerich has redeveloped.

The new property opened with a high-wattage roster of 50+ retailers and restaurants, including Bloomingdale’s, Barneys Co-op, Burberry, Louis Vuitton, kitson, Nike, CB2, Ted Baker, Juicy Couture, Hugo Boss and more. It also offers a rooftop Dining Deck with an assortment of chef-driven restaurants that offer views of the ocean, city and mountains.

On Aug. 27, Nordstrom will open at Santa Monica Place, alongside additional retailers including Tory Burch, followed by Tiffany & Co. in September. In all, the project is 97% committed and 92% leased.

The project was designed by Venice, Calif.-based architects, The Jerde Partnership. Dallas-based Omniplan was the executive architect.

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REAL ESTATE

Marcus & Millichap announces promotions

BY Staff Writer

Walnut Creek, Calif. Marcus & Millichap Real Estate Investment Services said it has named Jason S. Vitorino to the position of VP investments in the company’s Dallas office. Most recently, Vitorino held the position of associate VP investments.

The company also promoted Brandon Michaels from associate VP investments to the position of VP investments in the Encino, Calif., office. Philip J. Levy was promoted from associate VP investments to the position of VP investments in the Dallas office.

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