REAL ESTATE

Glimcher names new senior VP, development

BY Michael Fickes

Columbus, Ohio — Glimcher Realty Trust has announced the appointment and election of Victor Pildes as senior VP development. He will provide leadership in project management and design, strategic planning and overall direction for all new development and redevelopment activities.

With 25 years of development and project management experience, Pildes comes to Glimcher from Centrum Partners LLC, where he served as VP and consultant. He has also served in senior executive positions at Westfield and JMB/Urban Retail Properties Company.

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REAL ESTATE

KeyPoint: economic growth returns to Eastern Mass.

BY Michael Fickes

Burlington, Mass. — KeyPoint Partners has released The KeyPoint Report for Eastern Massachusetts/Greater Boston 2013. The report examines supply, occupancy, absorption and retailer expansion and contraction for virtually every retail property in the region. The 2013 report also includes a ten-year historical perspective that discusses the regional retail economy before, during and since the recession.

“This was a recovery year,” Sheehan says. “This study saw the largest vacancy rate drop in more than a decade; the second strongest absorption rate since 2005; fewer large format chain closing; and moderately healthy expansion by retailers.”

Restaurants topped the rankings in new square footage and store count growth. Food stores/grocery ranked second and health and fitness ranked third.

Click here for the report.

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REAL ESTATE

RadioShack opens next generation store in Manhattan

BY Michael Fickes

New York — RadioShack Corporation has opened the first of the next generation of stores scheduled to roll out across the country and around the world over the next several months.

RadioShack plans to open a variety of store configuration prototypes in the New York metropolitan area and in New Jersey and Texas. Each store will feature configurations customized to local buying patterns and neighborhood needs. Key lessons from the newly configured stores will provide the foundation for future retrofits and remodeling of many of RadioShack’s 4,300 stores in the United States.

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