REAL ESTATE

General Growth names CFO

BY Katherine Boccaccio

Chicago — Mall owner General Growth Properties said Tuesday it has appointed Michael B. Berman as its new executive VP and CFO, effective Dec. 15.

Berman replaces Steve Douglas, who will return to Brookfield Asset Management after his tenure with GGP and assume a role with Brookfield. Douglas will remain with GGP until December 31 to assist with the transition.

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REAL ESTATE

Crocs unveils new store concept

BY Staff Writer

Niwot, Colo. — Casual footwear-retailer Crocs debuted its new concept store, with locations in Mall of America, Bloomington, Minn.; Barton Creek, Austin, Texas; and Streets at Southpoint, Durham, N.C.

(See photos of the Austin, Texas, location)

The store is designed to provide an engaging, fun and high-touch environment, inviting consumers to explore, interact and shop. “This new concept store is a key part of our long-term strategic plan. We set out to merchandise our diverse product mix, as well as create a space that is flexible and can adapt to our evolving brand direction and merchandising offering,” said John McCarvel, president and CEO, Crocs.

Crocs worked with architecture and design firm Callison to create unique design elements.

“The partnership with Crocs is a perfect example of how the collaboration was able to deliver a new branded retail concept by managing all aspects of the design said MJ Munsell, principal of global retail at Callison. “The result is a concept that feels like a journey taking customers through lifestyle vignettes that help them discover Crocs in a whole new way.”

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Olympia Sports open 200th location

BY Staff Writer

Westbrook, Maine — Olympia Sports has opened its 200th store, in Dunkirk, Md., at Dunkirk Gateway Shopping Center.

The regional sporting goods chain has four more confirmed openings by yearend.

“We will continue to expand in our current footprint as well as throughout the Mid-Atlantic States. Our studies have shown a real opportunity for expansion throughout this new market, and we plan to aggressively pursue those opportunities,” said Ed Manganello, president.

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