presidio
TENANT UPDATE

San Diego center gets six new tenants

BY Al Urbanski

A San Diego strip center that underwent a repositioning and renovation over the past two years is welcoming six new tenants.

The Presidio, which sits below the 18th Century Presidio fortress in the Linda Vista community has transformed its retail lineup with the signings of Rip Curl, Luv Bridal, Hopsy, Babe Kombucha, West Coast Veterinary Hospital, and Sharetea.

Carlsbad-based owners Capstone Advisors decided to re-curate offerings at the 20-year-old center to meet the demands of students, faculty, and staff at the nearby University of San Diego.

“These tenants are a great mixture of both new and proven concepts that will bring additional excitement to the center and the community,” said Capstone President Alex Zikakis.

Capstone owns several other California retail properties, including Mission Escondido in Escondido, The Island shopping center in Carlsbad, and the Poway Valley Center in Poway.


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Dollar_General_ext
DEALS

Dollar General acquires 300-plus stores

BY CSA STAFF

Dollar General Corp. has added to its portfolio through an acquisition.

The Federal Trade Commission has approved the sale of 323 Dollar Express stores by Sycamore Partners to Dollar General, reported Reuters. The Dollar Express chain is made up of former Family Dollar stores that Family Dollar sold to Sycamore Partners in late 2015. Sycamore Partners bought the stores in 2015 when Dollar Tree sold the stores in order to win antitrust approval to buy the Family Dollar chain.

The Dollar Express stores, which still carry the Family Dollar moniker, will be rebranded to Dollar General. Terms of the 323-store sale were not disclosed.

Dollar General operates more than 12,500 stores in 43 states. Click here to read the Reuters report.

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SamsungPay
POS/PAYMENTS

Mobile wallet, services extends to four new countries

BY Deena M. Amato-McCoy

Samsung Pay is expanding its breadth.

Besides launching in Sweden and the United Arab Emirates (UAE), the digital wallet also kicked off an early access program in Hong Kong and Switzerland. The launches in UAE and Sweden are Samsung Pay’s first introduction in the Middle East and the Nordics respectively, Samsung said.

Samsung Pay users in Sweden and the UAE can also integrate loyalty and membership cards within their mobile wallets.

“Less than two years ago, Samsung Pay came to life in Korea with a simple mission: To empower customers with mobile payments that are simple, secure and available almost anywhere,” said Thomas Ko, VP and global general manager of Samsung Pay. “Today, Samsung Pay’s launches in different parts of the world demonstrate governments’ and consumers’ changing attitudes towards progressing to a cashless society.”

Samsung is also taking measures to further secure the service. For example, Galaxy S8 and S8+ smartphones now include iris scanning biometric technology that authenticates users before giving them access to Samsung Pay.

The mobile wallet is also now available on Samsung’s Gear S3 smartwatch in three additional markets: Russia, Sweden and the UAE. The service is already available in the United States, Singapore and Australia.

More custom services will be made available in respective markets shortly, the company said.

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