REAL ESTATE

General Growth approves spinoff of Rouse properties

BY Staff Writer

Chicago –General Growth Properties said its board approved the spinoff of its Rouse Properties Inc. subsidiary, to consist of 30 regional shopping centers in 19 states.

The separation will be completed through a pro rata taxable dividend on Jan. 12, to stockholders of record as of the close of U.S. exchanges on Dec. 30, Chicago-based General Growth said today in a statement.

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STORE SPACES

Hodgdon Group completes 12th project for Ashley Furniture HomeStore

BY Staff Writer

Colton, Calif. — The Hodgdon Group, a full-service real estate brokerage, development and construction firm, announced that it has completed construction on the conversion of the former Levitz building at Northridge Fashion Center in Northridge, Calif., for the opening of an Ashley Furniture HomeStore.

Hodgdon-Miank Construction served as the full-service design-build contractor and completed the major renovation of the 34,000-sq.-ft. Ashley store. This is the 12th Ashley HomeStore to open, which has been completed by the Hodgdon Group.

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OPERATIONS

Sports Chalet selects Transaction Wireless to deliver e-gift cards

BY Staff Writer

San Diego — Transaction Wireless announced that Sport Chalet has selected the Transaction Wireless cloud-based gift card platform to deliver personalized plastic and e-gift cards with added marketing capabilities to drive digital promotional campaigns when delivering notifications to gift card recipients.

Sport Chalet plastic and e-gift cards can be purchased on its online site or Facebook page. Both the plastic and e-gift cards have email or mobile notification for intended recipients that can be scheduled or delivered in real time. The e-cards can be personalized with an image, text and audio message, and the available notification that comes with plastic gift cards is also customizable in the same way.

“Sport Chalet customers have active lifestyles and are always on the go, so e-cards are the perfect choice for a holiday gift,” said Craig Levra, CEO and chairman Sport Chalet, which operates 54 stores. “Our customers are passionate about sports and outdoor activities and personalized plastic and e-gift cards are a great way for them to get everything they need for their favorite pastime in a convenient way with the added personal touch of a note, image or audio message.”

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