REAL ESTATE

Forest City promotes Bishop to COO, Commercial Group

BY CSA STAFF

Cleveland — Forest City Enterprises said Wednesday it has promoted Duane F. Bishop Jr., to the position of executive VP and COO of the company’s Commercial Group.

Bishop was previously executive VP – Asset Management.

Forest City’s Commercial Group, the largest of three major strategic business units, includes the company’s retail, office and hotel properties.

In this new role, Bishop will report directly to James A. Ratner, chairman, president and CEO of the Commercial Group. His responsibilities will include asset management, leasing, finance and financial reporting.

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REAL ESTATE

Target signs lease to open in San Francisco’s Metreon

BY CSA STAFF

Rumors that Target would open in San Francisco’s Metreon center have now been confirmed: Terranomics announced it has brokered a signed lease for Target to open in the Wesfield-owned center.

The lease for 99,677 sq. ft. was only just officially signed, San Francisco Business Times reported. The Metreon will soon begin construction on a multi-million dollar remodel that will make room for Target, and will recreate the ground level as a food collection of Bay Area restaurant concepts.

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Gap to open Athleta store in Manhattan

BY CSA STAFF

New York City — Gap has chosen Manhattan’s Upper West Side for its second freestanding Athleta store, Crain’s New York Business reported.

The report said has signed a lease to open a 3,500-sq.-ft. Athleta at 216 Columbus Ave. at W. 70th Street. The store will open in the fall, and Gap is already seeking more New York area locations, according to Crain’s.

Gap bought Petaluma-based Athleta, a catalog and website that sell women’s athletic clothes, for $150 million in 2008.

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