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  • Industry veteran joins Brixmor Property Group

    New York - Ryan Guheen has joined Brixmor Property Group as senior VP, redevelopment & strategic leasing. Guheen is based in New York and will play a major role in the company’s Raising the Bar initiative.

    Raising the Bar involves upgrading the merchandise mix at its shopping centers with best-in-class anchors to drive higher sales, traffic and small shop leasing, while elevating center appeal to improve rent levels and net operating income growth.

  • Cullinan Properties names VP of leasing

    Peoria, Ill. - Scott D. Fitzgerald has been named VP of leasing and development at Cullinan Properties Ltd. Fitzgerald, who is based in Cullinan’s Chicago office, is responsible for pre-development activities for Waller Town Center in Waller, Texas and Avenue Shoppes at P-83 located in Peoria, Arizona, as well as other new development opportunities sought by Cullinan.

  • American Apparel Q1 net loss widens

    Los Angeles – Net loss at American Apparel Inc. grew to $26.4 million in the first quarter of fiscal 2015, from $5.5 million the same quarter a year earlier. Increased cost of sales and foreign currency translation, as well as legal, litigation and consulting costs related to the termination of founder/CEO Dov Chaney, helped boost net loss.

  • Lowe’s Canada to pick up 13 Target leases, distribution center

    Toronto - Lowe's Canada has reached an agreement to acquire the leases of 13 former Target Canada locations and to purchase Target's distribution center in Milton, Ontario, for a total purchase price of about $125 million. This acquisition came as part of a real estate auction following Target's decision to cease operations in Canada.

  • In mega deal, DTZ to buy Cushman & Wakefield for $2.04 billion

    New York -- Commercial real estate services firm DTZ, which is backed by private-equity firm TPG, has entered into a deal to acquire rival Cushman & Wakefield Inc. for $2 billion.

    The combined company will have 43,000 employees, annual revenues of more than $5.5 billion and manage more than 4 billion square feet of real estate globally.  It will operate under the Cushman & Wakefield name.

  • Amazon.com opens 2nd N.J. fulfillment center

    Amazon.com is looking to facilitate its same-day deliveries in the New York City area by opening another 1 million-square-foot fulfillment center in New Jersey.

  • Panera names Darden COO as president; McDonald’s veteran as VP

    St. Louis – Panera Bread Co. has named Drew Madsen president, effective May 11. He will report to Ron Shaich, chairman and CEO, and oversee the core café business, while Shaich focuses on strategy, growth initiatives and innovation across the company.

    Madsen served as president and COO of Darden Restaurants Inc. He also previously served as president of Darden's Olive Garden chain and was Olive Garden's executive VP of marketing prior to that.

  • Bonobos founder shifts to chairman, hires Coach exec as CEO

    New York -- Andy Dunn, the founder of the hot online menswear retailer Bonobos, is transitioning from CEO to executive chairman. Dunn, who founded the company in 2007, has named retail veteran Francine Della Badia to serve as CEO starting June 1.

    Della Badia most recently served as president of North American retail at Coach, leaving in February. She also held positions with Victoria’s Secret, J.Crew and Gap Inc.

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