Strategy

Plano, Texas -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Plano, Texas, at Preston Park Village to Toni & Guy.

The hair, skin and nail salon will open a 1,690-sq.-ft. location in January 2011.

The 239,333-sq.-ft. shopping center is anchored by a 53,118-sq.-ft. Tom Thumb alongside national retailers Panera Bread, Williams Sonoma, Ann Taylor and The UPS Store.

Los Angeles -- Grubb & Ellis Co. announced Monday that Arlene Sommer and Mark Robinson have joined the company’s Office Group as executive VPs, along with Evan Kantor who joins as a senior associate.

Specializing in office tenant representation, primarily in the media, entertainment, legal and financial industries, the team joins from Studley, where they served as executive managing director, senior managing director and assistant director, respectively.

New York City -- Centro NP Residual Holding LLC said Friday it has sold a portion of its interest in 25 shopping centers and formed a joint venture with Inland American CP Investment, LLC, a wholly owned subsidiary of Inland American Real Estate Trust.

The new joint venture has secured $310 million of term loans with J.P. Morgan and Goldman Sachs, which mature in 10 years and are secured by assets within the joint venture.

New York City -- Winick Realty Group announced that Smart Fashion, a national importer and exporter of women’s apparel, has leased its first retail location at 149B West 36th Street, between Broadway and 7th Avenue in Manhattan’s Garment District.

Smart Fashion already operates a wholesale showroom nearby at 1407 Broadway.

The 2,000-sq.-ft. store will focus on trendy junior sportswear.

Jacksonville, Fla. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Jacksonville at Johns Creek Center to Tony’s New York Style Pizza.

The local pizzeria will open a 1,600-sq.-ft. restaurant in March 2011, and brings the center to 93% leased.

The 75,100-sq.-ft. shopping center is anchored by Publix alongside Great Clips, H&R Block and Bank of America.

WAYNE, N.J. - Toys“R”Us reported that net sales for the third quarter were $2.7 billion, an increase of 1.9% compared with prior year, due to new locations including Toys“R”Us Express stores as well as comparable-store net sales growth of 2.3% in the domestic segment and a foreign currency translation benefit of $17 million. These increases were partially offset by a decline of 2.9% in comparable-store net sales in the international segment.

OAKLAND, Calif. - Cost Plus confirmed that it is conducting a merchandising test with Bed Bath & Beyond involving its consumables products in three Bed Bath & Beyond stores located in San Diego, California; Totowa, New Jersey and Elmsford, New York. 

For the third quarter the company reported a same-store sales increased 8.8%. Net loss for the quarter was $8.3 million, a $13.7 million improvement.

WASHINGTON - The National Retail Federation announced that it has urged the Senate to support legislation extending Bush era tax cuts that is scheduled for a procedural vote today, saying the measure would help preserve and create jobs.

CINCINNATI - Macy’s, Inc. (NYSE:M - News) today announced it will build a major new fulfillment center near Martinsburg in Berkeley County, W.Va., to support the continued growth of its online business. The site is located strategically along I-81, about 80 miles northwest of Washington, D.C.

EDISON, N.J. - Majesco Entertainment announced that Christina Glorioso has joined the company as chief marketing officer.  In this newly created role, Glorioso will oversee all brand management, creative, media and marketing initiatives while helping guide the company's strategic direction.