REAL ESTATE

Forest City names new regional president in Texas

BY CSA STAFF

Cleveland, Ohio –Forest City Enterprises, Inc., announced the creation of a new leadership position to support the company’s growing presence in the Texas real estate market.

Effective immediately, Brian Ratner has been promoted to president of Forest City Texas and will lead the company’s Texas operations from its regional office in Dallas.

“Texas is one of the strongest markets in the country and we believe it continues to offer us tremendous opportunities,” said Charles A. Ratner, Forest City president and CEO. “Over the past several years, we have made significant investments in the region, including our Mercantile Place on Main apartment community in downtown Dallas, as well as land projects in Dallas, Houston, San Antonio and El Paso. Brian’s appointment in Dallas reinforces our strong commitment to developing and operating a vibrant and diversified portfolio of real estate in this growing market.”

Brian Ratner was previously president of East Coast Development for Forest City’s Commercial Group.

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REAL ESTATE

Zumiez swings to profit, to open 44 stores

BY CSA STAFF

Everett, Wash. — Zumiez reported Thursday net income of $1.9 million in the first quarter, compared with a loss of $1.9 million in the year-ago period. The retailer said it plans to open 44 new stores in fiscal 2011, including its first stores in Canada.

The results for the first quarter of fiscal 2010 include costs of approximately $1.2 million associated with the relocation of the company’s distribution center from Everett, Wash., to Corona, Calif.

Revenue rose 18.8% to $105.9 million, from $89.1 million a year ago. Same-store sales increased 12.6%.

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REAL ESTATE

ECOtality selects JLL for site selection of Blink EV stations

BY CSA STAFF

Chicago — As part of its $114.8 million federal stimulus grant to construct the country’s electric vehicle (EV) charging station infrastructure, ECOtality said Thursday it has chosen Jones Lang LaSalle’s Corporate Retail Solutions team to assist in location selection, conduct due diligence and negotiate contracts with potential host locations throughout EV Project regions to install ECOtality’s Blink EV Chargers.

In partnership with ECOtality, Jones Lang LaSalle will assist in identifying over 2,000 host sites for Blink Chargers in select EV Project markets across the country including San Francisco, Los Angeles, San Diego, Seattle, Phoenix, Tucson, Ariz., and Portland, Ore., as well as various cities and metropolitan areas throughout the state of Tennessee.

ECOtality is project manager of The EV Project, the largest deployment of EV infrastructure in history. As part of the Project, data will be collected from host locations to help determine how smart EV infrastructure, like ECOtality’s Blink Chargers, can be supported in parking lots at shopping centers, office buildings, municipal properties, and other appropriate public and commercial locations. This data will play an important role in reaching President Obama’s goal of “one million EV cars on the road in the United States by 2015.”

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