New outlet property to be developed in coastal Texas
Corpus Christi, Texas — Dolphin Ventures and EWB Development announced that they will develop The Outlets at Corpus Christi Bay, located in Corpus Christi, Texas.
The project will be a partnership with the Lockard Cos.
Phase one, slated to contain 281,526 sq. ft., is targeted for a late 2013 opening.
“This center will fill a void in the Texas market and is one of the very last major tourist destinations in the U.S. without an outlet center,” said Lisa Quier Wagner of Dolphin Ventures and EWB Development.
The team’s shared goal is to create an outlet project in an under-served market that is appealing, inviting, and will excite the consumer by providing brands in a desirable environment.
Marcus & Millichap names senior directors
San Diego — Marcus & Millichap Real Estate Investment Services said it has named Phil Sambazis senior director of the firm’s National Retail Group in San Diego. Sambazis joined Marcus & Millichap in March 2006 and specializes in the acquisition and disposition of retail shopping centers and net-leased investments.
Marcus & Millichap has also named Kevin W. Boeve senior director of the firm’s National Retail Group in Ontario. Boeve joined Marcus & Millichap in June 1999.
And the company named Barry M. Wolfe senior director of the firm’s National Retail Group in Fort Lauderdale, Fla. Wolfe joined Marcus & Millichap in April 2001.
Levin names acquisitions and business development executive
North Plainfield, N.J. — Levin Management announced that it has named Joe Lowry as director of acquisitions and business development for the company.
The 25-year commercial real estate industry veteran joined Levin in 2009 as director of acquisitions. His added responsibilities reflect the firm’s ongoing focus on adding new clients from among institutions, fund managers and private owners it does not already serve.
Lowry’s primary responsibility for Levin Management during the past three years has been the evaluation of shopping centers listed for sale, as well as the sourcing of off-market retail investment opportunities for the firm’s institutional clients. His focus now has now been expanded to include marketing Levin’s range of third-party services to this customer base, as well as to other institutions, fund managers and private owners.