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Finance & Capital Management

  • CBRE arranges Plano retail center sale

    Dallas -- CBRE Capital Markets’ Retail Investment Properties team announced the sale of Towne Square Shopping Center in Plano, Texas. Dallas-based Norman J. Hoppenstein purchased the retail center from an undisclosed seller.  

  • Innovation pro named partner at Kurt Salmon

    Kurt Salmon, a global management consulting firm, has appointed Brian Ehrig partner in its Retail and Consumer Products Group.

    Ehrig has spent the last 16 years creating new operational strategies and product offerings for retail and CPG companies, as well as leading transformation projects, including those for new market entrances and involving new retail concepts. 

  • American brand legend honored with Lifetime Achievement Award

    A man behind some of America’s favorite brands will receive the Lifetime Achievement Award from Chief Executive magazine.  Leslie H. Wexner, chairman and CEO of L Brands will be honored at the CEO2CEO Summit conference, Dec. 4, 2014, at the New York Stock Exchange.

  • Fred’s promotes CFO to CEO

    Memphis, Tenn. -- Fred's Inc. named Jerry Shore as its next CEO. Shore has served as the company's executive VP and CFO for more than 14 years. He assumed the additional title of COO in Jan. 2014.   Shore's promotion follows follows notification by current CEO Bruce A. Efird of his intention to leave Fred’s upon the expiration of his contract.   

  • UCR Investment Sales closes on sale of Arlington Park Square

    Arlington, Texas -- UCR Investment Sales, a division of UCR, announced the sale of Arlington Park Square, a 94,125-sq.-ft. value-add specialty retail center located in Arlington, Texas.   

  • Voting extended in Family Dollar deal

    Dollar General has extended the deadline for Family Dollar shareholders to approve a buyout deal while it continues to recommend a “no” vote on a competing proposal from Dollar Tree.

  • Detergent brand Sun restructuring

    Michael Bauersfeld has resigned as Sun Products Corporation’s vp, corporate controller and treasurer to pursue other interests.

    The company has appointed Jody L. Macedonio, currently the company’s vp, finance and planning, to the additional role of treasurer, responsible for all treasury functions at the company including investor relations. 

    Kevin Page, currently the Sun’s director of financial operations has been designated as interim corporate controller.

  • Destination XL Group announces expanded credit facility

    Canton, Mass. -- Big & tall men's apparel retailer Destination XL Group announced that it has increased its existing asset-based revolving line of credit with Bank of America, N.A. by $25 million to $125 million.     In addition, the company entered into a new agreement with Wells Fargo Capital Finance for a $15 million five-year senior secured second lien term loan.  
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