REAL ESTATE

Fameco announces staff additions

BY Staff Writer

Plymouth Meeting, Pa. — Fameco Real Estate announced that it has hired three new salespeople and has expanded its property management group with the hire of a new property management accountant and several internal moves to better support its growth.

The newest addition to the Plymouth Meeting office is Rich Guthridge, who previously served as an intern at Fameco. Haley Samsi has joined the Center City office, after having served as the retail outreach manager for Philadelphia’s Center City District. Fameco’s Woodbridge, N.J., office has welcomed Martin Khait, who worked in Fameco’s Center City office as part of his collegiate work/study program.

As well, Fameco’s Management division has increased the size of its portfolio with the addition of several assignments including Stanbery Development’s Pennsylvania and New Jersey shopping center portfolio and other assignments from Philadelphia- based owners. To help manage the additional assignments, Doug Spinler has joined the team as a property management accountant. He spent the past two years at Stoltz Management Co. In an internal move, Albert Yaghooty has been promoted to property management accounting supervisor.

Fameco’s corporate office has moved, effective Aug. 6, to Conshohocken, Pa.

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REAL ESTATE

AT&T opens 10,000-sq.-ft. flagship in Chicago

BY Marianne Wilson

Chicago — Telecommunications giant AT&T is setting up shop on Chicago’s Magnificent Mile, opening a flagship on Sept. 1. The 10,000-sq.-ft. store, at 600 N. Michigan Ave., is designed to showcase what consumers can do with AT&T’s products and to educate them about future wireless technologies and services.

"Our Michigan Avenue store is where customers can immerse themselves in everything AT&T is about and truly explore the technology we have to offer," said Paul Roth, president of AT&T’s retail sales and service. "Customers can touch, feel and see how our latest devices and apps will fit their lifestyles, whether they’re interested in fitness or music, entertainment or family."

In addition to selling AT&T products and services, the store offers shoppers a peak into the future, with the first-ever retail demonstrations of the company’s new AT&T Digital Life home security and automation services. It also features a connected car (a 2012 Nissan Leaf) that is used to show how wireless technology can help driving.

Other highlights of the store include the Explore Lounge, where shoppers can play with and learn about various apps. A dazzling 18-ft. high Connect Wall displays interactive content and product information.

The store also includes a series of Lifestyle Boutiques, which display products, apps and accessories organized according to customer needs. One of the boutiques, Chicagoland, features local apps and Chicago-themed accessories.

"Every aspect and every innovation of our Michigan Avenue store has been designed with the customer experience in mind," Roth said.

For a video tour of the store, click here.

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Feb-14-2013 09:59 am

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M.Mirevski says:
Feb-14-2013 09:59 am

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Feb-05-2013 10:40 am

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Feb-05-2013 10:40 am

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REAL ESTATE

Taubman Asia in joint venture with department store retailer in China

BY Marianne Wilson

Hong Kong — Taubman Asia confirmed a joint venture agreement between Taubman TCBL and Beijing Wangfujing Department Store (Group) Co., Ltd (Wangfujing), one of China’s largest department store chains.

The joint venture will own a controlling interest in and manage a shopping center to be located at Xi’an Saigao City Plaza, a large-scale mixed-use development in Xi’an, China, which is developed by Shaanxi Fuli Real Estate Development Co. Ltd. This is the first retail development by Taubman TCBL in China since the company was formed in late 2011.

The joint venture between Wangfujing and Taubman TCBL will have the majority ownership of the shopping center. The remaining ownership of the shopping center will be held by Shaanxi Fuli Real Estate Development Co. Ltd.

"This agreement is a major milestone for Taubman TCBL,” said. Rene Tremblay, president of Taubman Asia and chairman of Taubman TCBL. “It is the company’s first investment in the China market and we are proud to have formed a strategic partnership with Wangfujing, one of China’s most respected department stores."

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J.Johnss says:
Jan-02-2013 03:05 pm

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J.Johnss says:
Jan-02-2013 03:05 pm

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