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Finance & Capital Management

  • Retail holiday hiring in 2012 reached highest level since 2006

    New York -- Hiring by the nation’s retailers this past holiday season was at the highest level in six years despite the uncertain economy, Superstorm Sandy and the presidential election, according to an analysis of government job data by Challenger, Gray & Christmas, Chicago, a leading outplacement consultancy.

  • Inland Diversified announces JV acquisition of Vegas portfolio

    Oak Brook, Ill. -- Inland Diversified Real Estate Trust announced Monday the acquisition of a majority interest a portfolio of six grocery/home-improvement-anchored retail properties located in Las Vegas.

    The properties were acquired in a joint venture between a subsidiary of Inland Diversified and affiliates of the seller Territory Inc.; the joint venture valued the portfolio at about $296 million.

  • Eisenhower Square sees tenant additions

    Savannah, Ga. -- Brixmor Property Group announced the recent openings of a 34,103-sq.-ft. Save-A-Lot and a 1,000-sq.-ft. Maison De Macarons at Eisenhower Square, located in Savannah, Ga.

    Also, a lease has been executed for an 8,640-sq.-ft. Generation One, a hospital-based, senior-related healthy aging program.

    Brixmor, based in New York City, is the owner of Eisenhower Square.

     

  • Jones Lang LaSalle names COO, announces retail leadership

    Atlanta -- Jones Lang LaSalle announced Monday that it has promoted Kristin Mueller to COO.

    The firm also announced the establishment of new leadership roles, including the promotion of John Bemis and Geno Coradini to Retail Market Lead in Atlanta/Southeast and Dallas/Southwest, respectively.

  • Accruent acquires Expesite

    Austin, Texas -- Accruent, a leading provider of real estate and facilities software, announced that it has acquired Expesite, Columbus, Ohio, a provides a suite of SaaS solutions highlighted by VisionPM, its design and construction project management product.

  • Ulta Beauty holiday sales up 23.2%

    Bolingbrook, Ill. -- Ulta Beauty reported that its holiday revenue grew 23.2% as sales “strongly” rebounded the weekend before Christmas.

    Total sales for the seven-week holiday period were $475.6 million, compared with $386 million in the year-ago period. Same-store sales increased 7.4%, on top of a 12.6% increase during the same period in the prior year.

  • President of Office Depot’s North American division resigns

    New York -- Office Depot announced that Kevin Peters had resigned from his role as president of the retailer’s North American division, effective immediately.

  • Will Safeway come calling on Walmart

    Top food executives at Walmart are presumably in the crosshairs of Safeway recruiters now that longtime chairman and CEO Steve Burd has announced his retirement.

  • Coinstar shakes up executive leadership positions

    BELLEVUE, Wash. — Coinstar, a leading provider of automated retail solutions, has appointed its current CFO J. Scott Di Valerio as new CEO, effective April 1. At that time, Di Valerio will also be appointed to the Coinstar board of directors.

    Di Valerio succeeds Paul Davis, who is retiring on March 31, and will remain a member of the board until then.

    Di Valerio has been CFO at Coinstar since 2010, and has overseen Coinstar's corporate information technology and supply chain functions.

  • Kevin Peters to leave Office Depot

    Office Depot on Friday announced that Kevin Peters had resigned from his role as president of the retailer’s North American division effective immediately.

    Office Depot said Peters was leaving the company after five years to become CEO of an unidentified industrial distribution company.

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