Strategy

Washington -- The National Retail Federation on Monday issued the following statement from President and CEO Matthew Shay regarding the strike that has shut down most terminals at the Ports of Los Angeles and Long Beach. NRF last week sent President Obama a letter asking that he intervene in the strike.

ALEXANDRIA, Va. — The National Association of Convenience Stores has named Paige Anderson as its director of government relations.

Anderson has extensive experience on Capitol Hill, and has particular expertise in energy policy and cyber-security. She most recently served as deputy chief of staff and legislative director for Congresswoman Mary Bono Mack, the outgoing U.S. Representative for California's 45th congressional district.

Dallas -- The Howard Hughes Corp. and Dillard’s announced that the department store is the latest anchor to be part of The Shops at Summerlin, in West Las Vegas Valley. Dillard’s will build a two-level, 200,000-sq.-ft. foot in the center, with opening scheduled for fall 2014.

Los Angeles -- CBRE Group said it has appointed Blake R. Hastings as managing director of its Minneapolis office, effective January 1, 2013.

Hastings succeeds Whit Peyton, who will be stepping down after more than two decades of service.

In his new position, Hastings will be responsible for overseeing all CBRE’s operations in Minnesota.

Oak Brook, Ill. -- Inland Private Capital Corp. announced three employee promotions and the hiring of one new employee to the company’s senior management team. 

Effective Nov. 13, the company has promoted Keith Lampi to the position of COO and Rahul Sehgal to chief investment officer. Additionally, Joe Binder has been promoted to senior VP acquisitions; Dione McConnell has been appointed VP operations.

SEATTLE — Nordstrom is relocating its full-line store located at South Bay Galleria three miles south to a two-level, 138,000-sq.-ft. location at the Del Amo Fashion Center that will open in 2015.
 

Huntington Beach, Calif. -- DJM Capital Partners announced that it has acquired about 11 acres from Crescent Heights for the retail and hotel portion of a planned mixed-use development Pacific City.

The company said it plans to develop on the original footprint and with almost 6.5 acres for 191,000 sq. ft. of open-air retail, restaurants and entertainment and four acres for an eight-story hotel. 

NEW YORK — Iconix Brand Group has acquired the Umbro brand from Nike for $225 million in cash.

The purchase price was funded with Iconix’s recently completed $600 million securitized financing facility, which gives the company flexibility to pursue other deals. Iconix chairman and CEO Neil Cole alluded to that possibility in commenting on the Umbro acquisition.