REAL ESTATE

Mid-America names director of net lease sales

BY Michael Fickes

Oakbrook Terrace, Ill. Mid-America Real Estate Corp. recently signed Wes Koontz, CCIM, as director of net lease investment sales. He will work in tandem with Kevin Conway, also director of net lease investment sales.

Koontz previously worked at Mid-America for three and one-half years with the tenant representation team. Over his 12-year career in the industry, he has held positions in investment sales at Colliers International, corporate services with Weber Wood Medinger and principal investing with RCK Capital Investments.

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REAL ESTATE

dd’s Discounts to Sherman Plaza in Winnetka, Calif.

BY Michael Fickes

Winnetka, Calif. — dd’s Discounts, a subsidiary of Ross Dress For Less, has opened a 25,600-sq.-ft. store at Sherman Plaza in Winnetka, Calif. Kennedy Wilson represented the landlord, Sherman Plaza, in the transaction.

Epsteen and Associates represented the tenant.

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MARKETING/SOCIAL MEDIA

Survey: More consumers shopping — and spending — on smartphones

BY Marianne Wilson

New York — The month of March saw a steep rise in smartphone-generated traffic, orders, and revenue by consumers to retailer smartphone-optimized websites over the year-ago period, according to mobile commerce platform Branding Brand. In March 2014, smartphones generated 29.4% of total online visits, up 42.7% from March 2013 (62.9% iOS, 36.4% Android). The market share of non-mobile (desktop) visits decreased 21.1% from March 2013 to March 2014.

The study revealed a 168.3% increase in retail revenue resulting from smartphone-generated visits to mobile-optimized websites over the same period last year.

"Not only are customers shopping more on their phones, they’re also spending," said Chris Mason, Branding Brand co-founder and CEO. "Our data shows large numbers of consumers rapidly embracing mobile as a fundamental tool to conveniently connect with retailers."

The complete report is available at Brandingbrand.com/data.

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