Finance & Capital Management

Washington, D.C. -- Combined Properties and its joint venture partner Saban Capital Group have acquired The Terraces, a 173,000-sq.-ft. community shopping center in Rancho Palos Verdes, a suburb of Los Angeles. Spread across three terraced levels, center retailers include Trader Joe’s, Marshalls, LA Fitness and Starlight Cinemas.

The joint venture between Combined Properties and Saban Capital Group is assembling a $200 million portfolio of value-add retail centers in Southern California and the Washington, D.C., metro market.

LOS ANGELES — Virtual Piggy, an online service that allows parents to monitor their children's online shopping behavior, has appointed Laura Janke Jaeger as general counsel. 

Jaeger has more than 20 years of experience advising boards and management teams on strategic and financing activities, as well as transactional and other corporate and regulatory issues. 

ROANOKE, Va. — Advance Auto Parts has promoted Donna Justiss to the position of SVP and chief information officer. Justiss will report to EVP and CFO Mike Norona, and will continue to be based in Roanoke, Va.

She will be responsible for the strategic leadership of all aspects of Advance’s Information Technology area, including application development and support, infrastructure and information security. 

New York -- George Zimmer, the founder of Men's Wearhouse Inc., resigned from the company board of directors on Monday, according to a letter he sent the board, which was obtained by Reuters.
   
Last week, Zimmer was fired as the company's executive chairman. On Monday he submitted a letter resigning from the board. In the letter, Zimmer said it was "clear" he was fired by the board "to avoid addressing my growing concerns with recent board decisions."

Roanoke, Va. -- Advance Auto Parts has promoted Donna Justiss to the position of senior VP and chief information officer. Justiss will be responsible for the strategic leadership of all aspects of Advance’s information technology area, including application development and support, infrastructure and information security.

Camp Hill, Pa.  -- Rite Aid Corp. has promoted Ken Martindale, currently senior executive VP and COO, to president and COO. Rite Aid chairman, president and CEO John Standley will continue in those roles.

The promotion of Martindale, 53, is effective immediately.

CHICAGO — MillerCoors is showcasing its environmental friendliness by taking its Golden Brewery landfill free. 

The company, which has taken four of its other breweries landfill-free, has eliminated an average of 135 tons of waste monthly that was previously sent to landfill.

Redwood Shores, Calif. -- Coldwater Creek has deployed Oracle Retail’s suite of integrated merchandise planning and optimization solutions as part of a strategic initiative to increase full-price selling and improve the productivity and profitability of store, online and catalog channels. The women’s apparel retailer is using the new planning solutions to reduce aged inventory and ensure that popular items are consistently in stock.