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The Terraces acquired by joint venture
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. -
Estée Lauder vamps up Canadian presence with new GM
NEW YORK — Estée Lauder has promoted Philippe Warnery to GM, Canada. He will report to Thia Breen, group president, North America.
Warnery will be responsible for the growth and profitability of the Canadian affiliate with a focus on locally relevant opportunities, assessing market conditions, building key account relationships, managing operational effectiveness, building capabilities and aligning and engaging the Canada team.