Mergers & Acquisitions

Ontario, Calif. -- Marcus & Millichap Real Estate Investment Services announced it has named Kevin Boeve as regional manager of its Ontario office, Calif., office.

Boeve joined Marcus & Millichap in June 1999 and most recently served as VP investments.

Irvine, Calif. -- Passco Cos. announced that Larry Sullivan has been named president, effective May 30.

Sullivan, who currently serves as CFO and CFO of Passco, succeeds William Winn, who recently resigned.

William Passo, founder, will remain in his current position as CEO.
 

By Greg Caster, managing director, Accenture Retail

Most incoming CEO’s put together a ‘100-day plan’ as they embark on the new role. In the case of Mr. Ullman, it is his second 100-day plan at J.C. Penney. But the world and company is very different from December 2004 when he wrote his first plan, and this one will be written in the knowledge that he is the interim CEO for a company in crisis.

NEW YORK — The Jones Group Inc. has nominated chairman and CEO of Barington Capital Group James A. Mitarotonda to stand for election to the board of directors at the company's 2013 annual meeting of stockholders. 

With the addition of Mitarotonda, the Jones board of directors will expand to 11 members, 8 of whom are independent, 10 of whom are non-management and all of whom are annually elected.  

Los Angeles -- Midtown Shopping Center Associates said it has acquired the land under Midtown Shopping Center plus two adjacent properties totaling 14.56 acres for $42.5 million from Catellus Development Corp., based in Denver.  

Jacksonville, Fla. -- Stein Mart reported Monday that it has restated its 2011 periods and first quarter 2012 results, released its full-year 2012 financial numbers, and said it will unveil several key initiatives in 2013.

For the fourth quarter, net income was $13.5 million, compared to $5.9 million last year. Sales surged 11.4% to $368.6 million from $331 million, and same-store sales increased 6% in the quarter.

SAN DIEGO & DALLAS — Novatel Wireless, a leading provider of intelligent wireless solutions, has entered into a supply agreement with LoJack SCI, a leading supplier of supply chain integrity and tracking solutions, which will help companies protect their supply chains.