Corporate Governance

Glendale, Calif. -- Cypress Equities companies announced that LA Fitness, Buffalo Wild Wings and AT&T will open at Glendale Marketplace in 2015.

"This collection of synergistic new offerings will begin transforming the tenant mix at Glendale Marketplace," said Todd Minnis, chief investment officer.  "This is the first step toward our redevelopment process."

St. Petersburg, Fla. -- Josh Beyer, P.E., has been promoted to senior VP of Development at The Sembler Company, overseeing all shopping center development in Florida, the Gulf Coast, and the southeastern U.S.

Beyer has been with the company for 12 years and, in that time, has been involved with more than 1.5 million sq. ft. of development, including Colony Plaza (The Villages, Florida), Park Street Retail Center (St. Petersburg, Florida) and Cross Creek Village (St. Cloud, Florida).

North Plainfield, N.J. -- Levin Management announced it has been awarded three new leasing and management assignments totaling more than 1 million sq. ft. in New Jersey and Pennsylvania. The properties include two grocery-anchored shopping centers and a regional mall.

Huntsville, Ala. -- GBT Realty Corporation announced even more retail development in northern Alabama with The Shoppes of Albertville.  Just off the heels of two similar projects recently announced in the regional market, GBT is developing an $18 million, 135,000-square foot retail center along Albertville’s primary commercial corridor.  The company acquired the 13.2 acres on Dec. 29 and construction is currently underway.

Spanish Fort, Ala. -- Dallas-based Cypress Equities has officially broken ground on a 3.5-acre park project, at Spanish Fort Town Center, in Spanish Fort, Alabama.  The park is part of a major site enhancement plan, which also comprises upgraded building facades, a freshly designed sign package, along with new store and restaurant offerings.

Fort Worth, Texas – RadioShack Corp. is reportedly negotiating with Sprint to sell some of its store leases to the wireless carrier. According to Bloomberg, Sprint executives said the company is planning to expand its store count through acquisitions at an investor conference last week.

Atlanta – The Home Depot Inc. has named CEO and president Craig Menear as chairman, effective Feb. 2. He will succeed Frank Blake, who will retire as chairman.
 

Fort Lauderdale, Fla. – AutoNation Inc. has named Mike Jackson, chairman and CEO, to the additional role of president, effective Feb. 4, and signed a five-year employment contract extension through 2019. Jackson has been the CEO of AutoNation since 1999 and the chairman since 2002.  

Deerfield, Ill. - Thomas Sabatino Jr., executive VP, global chief legal and administrative officer, Walgreens Boots Alliance, will be leaving the company to join Hertz Global Holdings effective Feb.9. Sabatino will join Hertz Global Holdings as senior executive VP, chief administrative officer and general counsel.

Sabatino will remain in his current role with Walgreens Boots Alliance through the end of January to ensure a smooth transition of his current responsibilities. The company expects to announce his successor at that time.

Milwaukee – Roundy’s Inc. expects to open five new stores in fiscal 2015, including one in the first quarter. However, the grocery chain also said it expects earnings per diluted share from continuing operations of flat to -$0.05 in the first quarter and a net loss of $0.07 to $0.18 per share in the fiscal year.