Steak ‘n Shake to open on Third Street Promenade
Santa Monica, Calif. — Beverly Hills, Calif.-based Maxxam Enterprises said that Steak ‘n Shake is entering the California market with a new restaurant on Third Street Promenade in Santa Monica.
The 4,300-sq.-ft. space is located near the intersection of the Promenade and Broadway, across the street from Santa Monica Place, the new upscale shopping mall in Downtown Santa Monica.
Steak ‘n Shake said it plans for a grand opening later this year, after completing tenant improvements to its space.
Trademark Property names chief development officer
Fort Worth, Texas — Trademark Property announced that Tony Chron has rejoined the company as chief development officer, effective April 15.
“Bringing Tony back is an important investment in our development capacity,” said Trademark chairman-CEO Terry Montesi. Chron will oversee Trademark’s power and community center development program as well as the company’s redevelopment efforts.
He joins Trademark from Houston-based Weingarten Realty where he was regional director of development. Prior experience includes directing real estate expansion for national retailer Michaels as VP of real estate, as well as for Pier One where he served as director of real estate. Chron also was a senior partner with Trademark, serving as executive VP of development from 1997-2009.
Marcus & Millichap names regional manager
Chicago — Marcus & Millichap Real Estate Investment Services said it has named Stephen Rachman as regional manager of its Chicago O’Hare office.
Rachman began his career at Marcus & Millichap in 2002 as an agent in the firm’s Chicago O’Hare office and, in 2004, relocated to the Chicago Downtown office. Named senior associate in 2005, and then VP investments in March 2013, Rachman returned to the Chicago O’Hare office in March.