Strategy

Lawrenceville, Ga. -- Indianapolis-based Simon Property Group announced its Discover Mills outlet mall destination in Lawrenceville (Atlanta), Ga., will be renamed Sugarloaf Mills.

The new brand links the center with Sugarloaf Parkway, where it is situated. New exterior signage, website, brochures and other promotional materials will reflect the new name starting in October.
 

Chalfont, Pa. -- Brixmor Property Group announced a 2,400-sq.-ft. Cheeburger Cheeburger recently opened at New Britain Village Square, located in Chalfont, Pa.

Brixmor, which is based in New York City, is the owner of the New Britain Village Square shopping center.
 

NEW BRUNSWICK, N.J. — Former Johnson & Johnson chairman and CEO James Burke passed away Sept. 28. He was 87 years old.

Philadelphia -- Charter Realty & Development said that it has arranged for a 9,887-sq.-ft. lease for Planet Fitness in the Mayfair Shopping Center in Philadelphia.

The shopping center is anchored by, Shop N Bag, Dollar Tree and Wells Fargo.
 

LAKELAND, Fla.— Publix on Monday announced its board of directors declared a semi-annual dividend on its common stock of 30 cents per share. The dividend will be payable and mailed Dec. 3, 2012, to stockholders of record as of the close of business Oct. 31, 2012.

Plymouth Meeting, Pa. -- Ikea said Monday that it plans to sell only energy-efficient LED lighting by 2016. The move comes two years after the Swedish retailer phased out incandescent bulbs.

Ikea said it believes the shift to the longer-lasting bulbs will help set an environmentally friendly example in the industry. It also will help save the company about $10 million to $20 million a year, or 10%, in lighting costs at its 300 stores around the globe, said Steve Howard, the company's chief sustainability officer.

NEW YORK — Hess toy truck commercials are something most East Coast residents can remember from their childhood. Until now, however, the special holiday toys were only available at Hess stations.

Now people all over can get their hands on a Hess truck now that the company is offering them online via www.hesstoytruck.com. Preordering is available online starting Nov. 1.

New York -- Data released Monday by the Associated General Contractors of America revealed that construction spending declined between July and August to an annualized rate of $837 billion, but increased compared with August 2011 driven largely by growing demand for residential, lodging and education construction.