Finance & Capital Management

New York City -- Royal Ahold NV has agreed to acquire bol.com, the Netherlands’ largest online retailer, for about $470 million in cash.

Pleasanton, Calif. -- Safeway has named Brian Baer president of its Dominick’s Finer Foods division in the Chicago area.

Baer had been acting president of Dominick’s since last July when the previous president, Don Kperta, resigned.

Baer joined Safeway in 2001 as VP finance for the company’s Phoenix division. In 2008, he was appointed CFO at Dominick’s.

Columbus, Ohio -- Express announced today that Michael Keane has been appointed to the position of executive VP human resources.

He most recently served as executive VP human resources & stores for Tween Brands, a wholly owned subsidiary of Ascena Retail Group.

San Francisco -- Jones Lang LaSalle announced that John Stevens joined the firm’s San Francisco office as VP leasing specialist. A 25-year veteran of commercial real estate, Stevens will focus on leasing space in the firm’s 12 million-sq.-ft., third-party retail portfolio on the West Coast.

Dallas -- SRS Real Estate Partners announced two new hires in the South Florida office, as Dominic Delgado and Evan Richardson both joined the team as senior associates.

Delgado will focus on investment services, landlord representation, tenant representation and disposition services.  Prior to joining SRS, he worked in Miami as community association management coordinator for KW Property Management.

Costa Mesa, Calif. -- Transwestern announced the renewal of a multi-year, $4.69 million lease of a 53,164-sq.-ft. office space for Anna’s Linens in Costa Mesa’s Harbor Gateway Business Park.
 
The office will continue to be used by Anna’s Linens as its corporate headquarters.

“We are very pleased to maintain our headquarters here in Orange County, where the company was born,” said Alan Gladstone, chairman and CEO of Anna’s Linens.

Dallas -- Edge Realty Partners has announced the launch of Edge Realty Capital Markets, which will focus on the investment sales of retail, multi-family and healthcare properties.

Brandon Beeson and Mart Martindale will lead Edge Capital Markets as principals. Steven Smith is also joining the firm as an executive VP.

Beeson previously was senior director with Berkadia where he focused on representing owners in sale of retail assets.   

Profits grew faster than sales at Walmart’s international division last year, despite investments to drive record expansion and inventory growth, as EDLP took hold in more markets.

Fourth-quarter same-store sales at JCPenney declined 1.8%, and the company lost $87 million, but those details are being overlooked for the time being as execution of the transformation strategy envisioned by CEO Ron Johnson began less than a month ago.

SAN FRANCISCO — Gap Inc.'s fourth-quarter net income plummeted 40% on higher costs and aggressive discounting during the holiday selling season.

The company reported that net income for the quarter ended Jan. 28 was $218 million, compared with $365 million a year earlier. Sales dipped to $4.28 billion in the quarter, from $4.36 billion, matching Wall Street estimates.