Former Circuit City under redevelopment in Laguna Hills
Laguna Hills, Calif. — The Hodgdon Group announced that it has completed the entitlements and has launched construction on the renovation and expansion of a former Circuit City building located in Laguna Hills, Calif. The former Circuit City will be expanded to make way for a fully remodeled 51,000-sq.-ft. retail building to include a 33,000-sq.-ft. Ashley Furniture HomeStore, and a 4,000-sq.-ft. Chick-fil-A restaurant with drive-thru on an outparcel.
Hodgdon Group is serving as the fee developer, contractor and master leasing broker for the redevelopment project. Hodgdon Group also negotiated the site acquisition.
This project represents one of the larger retail redevelopment projects in Orange County and is expected to be completed in March 2012.
Marcus & Millichap names investment exec
Milwaukee, Wis. — Marcus & Millichap Real Estate Investment Services said it has promoted Jason S. Ladner to the position of VP investments. He will work from the firm’s Milwaukee office.
Ladner began his career with Marcus & Millichap in July 2005, specializing in the sale of retail properties.
Most recently, Ladner held the position of associate VP investments.
Goodwill opens at Freedom Square
Naples, Fla. — Brixmor Property Group announced that a 10,000-sq.-ft. Goodwill recently opened at Freedom Square, located in Naples, Fla.
Brixmor, based in New York City, is the owner of Freedom Square.