REAL ESTATE

Jones Lang LaSalle closes sale of Westdale Mall

BY Staff Writer

Cedar Rapids, Iowa — Jones Lang LaSalle’s Capital Markets group said Thursday that it has brokered the sale of Westdale Mall in Cedar Rapids, Iowa, on behalf of Tremont Capital Corp. and Cedar Rapids Properties.

The 743,369-sq.-ft. property is anchored by J.C. Penney and Younkers.

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REAL ESTATE

DDR names David Oakes president

BY Staff Writer

Beachwood, Ohio — DDR Corp. announced that senior executive VP and CFO David J. Oakes has been named president of the company, effective Jan. 1.

Oakes will remain CFO, and will continue to report to CEO Daniel B. Hurwitz.

Oakes joined DDR as executive VP of finance and chief investment officer in April 2007. He was promoted to senior EVP finance and chief investment officer in December 2008, and CFO in February 2010.

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Mar-30-2013 06:46 am

He was promoted to senior EVP finance and chief investment officer in December 2008, and CFO in February 2010. Aidrian

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REAL ESTATE

Hale & Hearty Soups to open on Madison Ave.

BY Staff Writer

New York — Winick Realty Group said that Hale & Hearty has signed a lease for its latest location at 177 Madison Avenue, between East 33rd and East 34th Streets.

The tenant will occupy 2,500 sq. ft. on the ground floor and 2,500 sq. ft. in the basement.

Hale & Hearty Soups currently has 28 locations throughout Manhattan, Brooklyn and Long Island.

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Apr-26-2013 11:33 am

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