REAL ESTATE

Inland Real Estate Group receives ethics award

BY Katherine Boccaccio

Oak Brook, Ill. — The Inland Real Estate Group of Cos. has been named the recipient of the 2014 Torch Award for Marketplace Ethics by the Better Business Bureau.

The award was presented at the 17th Annual BBB Awards Luncheon Ceremony at the InterContinental Hotel in Rosemont, Ill.

This is the second Torch Award for Marketplace Ethics that Inland has received from the BBB. The company was presented with its first Torch Award for Marketplace Ethics in 2009. Last year’s winner was The Boeing Co.

“It is unusual to be recognized for the ethics award more than once by the BBB, whose name has long been synonymous with the highest standards of ethical conduct in business,” said Daniel L. Goodwin, chairman and CEO of The Inland Real Estate Group of Cos.

According to the BBB, Torch Award honorees are companies that exemplify ethical business practices and a superior commitment to exceptional standards that benefit their consumers, employees, suppliers, shareholders and surrounding communities. Companies are judged by an independent panel in five categories based on number of employees. With more than 1,500 nominees for 2014, competition for the award was at a record level this year.

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REAL ESTATE

Togo’s enters Tempe, Ariz., with first restaurant

BY Katherine Boccaccio

Tempe, Ariz. — Togo’s Eateries has opened its first restaurant in Tempe, Ariz., owned by current Togo’s franchisees, Monty and Diana Coury, who opened the first Togo’s restaurant in Gilbert, Ariz., last year.

"Since opening our first restaurant in Gilbert, we’ve seen a tremendous amount of support from the community and there is still a huge potential for growth in the market,” said Monty Coury.

The Courys have another Valley restaurant in development and plan to open additional restaurants in Arizona over the next several years.

Recently, Togo’s marked its 40th anniversary with more than 300 open and under development throughout the West.

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REAL ESTATE

Nordstrom Rack to open in Thousand Oaks, Calif.

BY Staff Writer

Seattle — Nordstrom announced plans to further expand its Los Angeles-area presence with the addition of a Nordstrom Rack at Janss Marketplace in Thousand Oaks, Calif.

The approximately 40,000-sq.-ft. store is scheduled to open in fall 2015. The Rack location at Janss Marketplace is a development by Seritage Realty Trust, a division of Sears Holdings Corporation.

Nordstrom has operated a full-line store approximately one mile from the new Rack location at The Oaks since 2008.

"Our new Rack store at Janss Marketplace will be right down the street from our full-line store at The Oaks and can offer an additional way to shop for the brands our customers love at great prices," said Geevy Thomas, president of Nordstrom Rack.

The new, two-story Nordstrom Rack will occupy a portion of the existing Sears location at Janss Marketplace with entrances accessible to parking on level one and to the shopping center on level two. Sears will continue to occupy an anchor position on the primary floor of the existing store.

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