REAL ESTATE

Sherwin-Williams opens 3,500th retail store

BY Staff Writer

Cleveland — Sherwin-Williams Paint Stores Group announced Wednesday it has opened its 3,500th retail location in total and its 70th in 2012.

The newest store is 4,000 sq. ft. and located in Rancho Santa Margarita (Orange County), Calif.

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REAL ESTATE

A&P teams with Esri for real estate solution

BY Katherine Boccaccio

Redlands, Calif. — Esri announced Wednesday that the Great Atlantic and Pacific Tea Co. has licensed Esri GIS technology and data to provide localized shopping trends data toward supporting the grocer’s commitment to growing its market presence across the Northeast.

"Partnering with Esri allows us to enhance our real estate strategy in the neighborhoods that we currently serve by enabling us to meet the specific needs of our customers," said Nrup Krishnamurthy, A&P chief information officer. "In addition, this technology will serve as an essential business tool to help us make well-informed decisions about where and how we go to market in the future."

Esri’s location analytics provide A&P staff with valuable data on store locations, including key demographics and shopping trends in local communities. By analyzing geodemographic data, part of the Business Analyst solution, A&P can continue to grow and develop its stores, according to the grocer.

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REAL ESTATE

CBRE names president and CEO

BY Katherine Boccaccio

Los Angeles — CBRE Group announced that Robert E. Sulentic assumed the position of president and CEO, effective Dec. 1.

Sulentic succeeds Brett White, who, as previously announced, retired on Nov. 30.

Sulentic, most recently the company’s president, also joined CBRE’s board of directors, which has expanded to 11 members. White also remains a member of the board.

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