REAL ESTATE

Ramsey begins renovation of Las Vegas center

BY Michael Fickes

La Jolla, Calif. — Ramsey Real Estate Group has announced the commencement of a $600,000 renovation to Decatur Inn Plaza in Las Vegas. The renovation will include new storefronts, design elements, exterior finishes, building systems, landscaping and parking lot work. Vacant suites will receive vanilla shell treatments. Structural elements will be repaired and replaced. The renovations will also include rebuilding the property’s monument sign. Existing businesses will remain open during the renovation.

Ramsey Real Estate Group is a principal purchaser of storefront retail buildings, shopping centers, shop buildings, office buildings on retail streets, land for retail development and portfolios of similar property. Ramsey Real Estate Group acquires property in California, Nevada, Arizona, and Hawaii. The firm purchased the 12,000-sq.-ft. property in April 2012.

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MasterCard enhances rewards program

BY CSA STAFF

MasterCard has teamed up with Points International so it can offer cardholders enhanced rewards that give them more ways to redeem, exchange and trade their rewards points.

The flexible rewards management and monetization options are expected to drive engagement and value to rewards programs offered by issuing banks participating in the MasterCard Rewards Platform.

"Consumers have said loudly and clearly that they want increased flexibility with their rewards," said Nandan Mer, group executive, MasterCard Loyalty Solutions. "Our enhanced solution delivers just that — the ability to exchange, trade, buy and gift rewards points. We believe this truly unique and superior redemption experience delivers even more value to all involved."

"While the financial services industry has been a keen focus for some time, we are especially excited to be partnering with a leading organization like MasterCard," said Points CEO Rob MacLean. "Together, we are enhancing and differentiating issuer rewards programs hosted on the MasterCard Rewards Platform and making them more attractive to consumers."

Following the initial integration, it is anticipated that program functionality will be available later this year.

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Hy-Vee grows pharmaceutical footprint

BY CSA STAFF

Hy-Vee has entered into an agreement to purchase Amber Pharmacy, a specialty pharmacy solutions provider based in Omaha, Neb.

Hy-Vee and Amber Pharmacy have been partners in Hy-Vee Pharmacy Solutions since 2010. This acquisition allows Hy-Vee to expand its current specialty pharmacy business, providing customers with increased specialty options, access and affordability.

"The partnership between Hy-Vee and Amber Pharmacy has been very successful over the last four years," stated Randy Edeker, chairman, CEO and president of Hy-Vee. "Specialty pharmacy continues to experience tremendous growth. Amber Pharmacy’s talented team, innovative practices and commitment to customer service will allow us to respond to that growth while meeting and exceeding our customer needs."

Amber Pharmacy will maintain its existing name and operations, including headquarters in Omaha and locations in Chicago, Dallas and Philadelphia. The specialty pharmacy company will operate independently and will continue to be led by current president Michael Agostino, retaining all employees.

"The Kaplan family’s history with Hy-Vee, along with their commitment to customer service, health and wellness, makes them an ideal partner to grow Amber Pharmacy’s presence," said William Kaplan Sr. "Together, we will continue to be trusted partners with our patients, healthcare providers, insurance payers and manufacturers."

Hy-Vee established Hy-Vee Pharmacy Solutions in 2010. The company was founded to provide Hy-Vee employees with specialty pharmacy services more efficiently and economically. Since that time, Hy-Vee Pharmacy Solutions has grown and specialty pharmacy has become an important focus for Hy-Vee and service for its customers.

The purchase price was not disclosed, but the acquisition was approved by the boards of both companies and pending regulatory approval should close within the next 30 days.

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