REAL ESTATE

Marcus & Millichap names regional director

BY Michael Fickes

Calabasas, Calif. — Marcus & Millichap Real Estate Investment Services has named Paul Loubet as western region director of the national retail group.

Based in the firm’s Newport Beach, Calif., office, Loubet will direct more than 100 investment sales professionals operating from more than 25 offices comprising Marcus & Millichap’s western region.

An industry veteran with 25 years experience, Loubet has closed more than 75 shopping center transactions valued at more than $500 million. He has served as the big-box leasing specialist for the western region with General Growth Properties and as VP investments, with Regency Centers, where he acquired and developed grocery-anchored neighborhood and community shopping centers.

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Nutella spreads from store shelves into e-commerce territory

BY CSA STAFF

SOMERSET, N.J. — The Nutella brand is trying its hand at e-commerce with the launch of the Nutella Boutique, which will offer branded apparel and accessories.

T-shirts, messenger bags that hold up to nine jars of Nutella — or a laptop — and Nutella spreaders are among the product offerings available on the e-commerce site.

"The passion our fans have for Nutella is unlike any other. They are constantly requesting access to branded merchandise, and we’re happy to finally offer them the opportunity to show their love for the brand outside of the kitchen," said Noah Szporn, category manager for the Nutella brand at Ferrero U.S.A. "We look forward to continuing to fulfill their love and passion for Nutella."

Nutella Boutique has launched just in time for the back-to-school season and is looking to tap into that market by offering T-shirts for $12, phone cases for $6.50 and messenger bags for $16 — all of which is marketable to students of practically any age.

Nutella is a hazelnut spread made with hazelnuts, skim milk and a hint of cocoa. It has no artificial colors or preservatives and can be found in grocery stores, warehouse clubs and mass merchandisers, typically near the peanut butter and sweet spreads section.

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REAL ESTATE

London Candy Company moves Manhattan shop

BY Michael Fickes

New York — The London Candy Co. has taken 1,000 sq. ft. on Bleecker Street in Manhattan’s West Village, according to RKF, which brokered the deal.

The new candy and coffee shop will replace the retailer’s existing location at Lexington and East 94th Street.

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