Strategy

New York City -- Prudential Douglas Eilliman’s Retail Group announced that in less than two weeks after arranging the sale of a multi-level retail condominium at 1086 Madison Avenue, the retail sales and leasing team of Faith Hope Consolo, chairman, and Joseph Aquino, executive VP, have leased the boutique space to luxury handbag and accessories importer Muska Milano. 

Fort Worth, Texas -- Trademark Property Co. said Tuesday it acquired a vacant 67,000-sq.-ft. department store space formerly occupied by Mervyn’s in its Santa Fe Place mall located in Santa Fe, N.M.

The 571,238-sq.-ft. Santa Fe Place was acquired in the summer of 2010. Trademark is directing the remerchandising and redevelopment of the property, which is Northern New Mexico’s only regional mall, for its private equity partner.

Plano, Texas -- J.C. Penney has been named the No. 1 retailer on Diversity's annual ranking of "Top 50 Companies for Diversity," which recognizes leading organizations for best practices in diversity management.

It is the second consecutive year that the company has earned its place on the list, moving up 11 spots to No. 35 overall.

Austin, Texas -- Commerce, Mich.-based LaVida Massage announced the opening of its first Texas location, in Austin, on Feb. 28.

Located at the Hills shopping center, the 2,600-sq.-ft. facility features nine massage rooms.

PORTLAND, Ore. -- Adidas has announced the launch of its newest running shoe, the ClimaCool Ride. The shoe features 360-degree ventilation, attacking the main cause of runners' discomfort – high humidity and temperature, the company reported. The shoe is available in 26 colors. 

Cincinnati -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Cincinnati, at Hyde Park Plaza to The Snooty Fox.

An upscale consignment shop, The Snooty Fox has leased 5,000 sq. ft., bringing the center to 96% leased. It is slated to open for business this summer.

The 396,861-sq.-ft. shopping center is anchored by a 99,675-sq.-ft. Kroger and a 69,592-sq.-ft. Biggs alongside national retailers such as Michaels, Massage Envy, Panera Bread, Starbucks and Staples.

PLEASANTON, Calif. -- The Safeway Foundation announced that it has donated $100,000 and will match employee donations up to $50,000 to help with the Japan earthquake and tsunami relief effort. The contribution will be distributed to the impacted area through the American Red Cross.

Boston -- The Wilder Cos. announced several new hires, including Howard A. West II, who joins the company as asset manager to assist in monitoring various properties’ financial and operating performance, act as a liaison to ownership groups on management and reporting issues, provide assistance on property acquisitions, and oversee daily operations for various shopping centers throughout the portfolio.