Corporate Governance

San Diego -- Rubio’s Restaurants will redesign 60 of its restaurants in Southern California, with completion expected by the end of 2015. With more updates scheduled for 2016, the new and improved locations are slated to be a visual reflection of the fast-casual brand’s evolution and culinary progression.

Seattle -- REI will open a nearly 30,000-sq.-ft., two-level store in the Village at Westfield Topanga, Woodland Hills, California, in fall 2015.

"REI Topanga will join five other stores in serving more than 352,000 active REI members in the greater Los Angeles area. More than 62,000 active members reside within 15 miles of the new store.

Grapevine, Texas – GameStop plans to hire approximately 25,000 employees nationwide as the company prepares for the upcoming holiday shopping season. This year’s total number of seasonal hires is approximately 47% higher when compared to the same period in 2013.

Indianapolis – Hhgregg plans to hire more than 450 home electronics and home appliances sales associates this holiday season to support its 228 stores. Hhgregg is accepting applications for holiday positions starting Sept. 25, and plans to have all new hires on board and in stores by mid-October.

The retailer is seeking to hire both full-time and part-time associates, and though the positions are immediately needed for the holiday shopping season, all new hires will be considered for ongoing employment.

Covington, La. - Smoothie King Franchises Inc. will roll out the Revel Systems iPad POS solution at 700 stores globally in fall 2014. Smoothie King selected the Revel platform for its scalability and ability to streamline operations.

Indianapolis - Hhgregg has redeveloped a store in Columbus, Ohio, with a new store format. Developed by real estate company Casto, the store opened Sept. 18, and employs 26 associates.

“Working with Casto to update the Sawmill location allows us to best serve our loyal Columbus-area customers,” said Dennis May, Hhgregg CEO. “Our best-in-class products and expert sales associates make this and our five other Columbus-area stores a destination for a superior appliance, furniture and electronics shopping experience.”

Dublin, Calif. - Ross Dress for Less will open two new stores in the California Central Valley on Oct. 11. The stores are located in Bakersfield Plaza in Bakersfield and the Delano Marketplace in Delano.  

These new openings are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year. 

Dublin, Calif. – DD’s Discounts, a division of Ross Stores Inc. will open its first store in Oklahoma, on Sept. 27. The store is located in the Windsor Hills Center in Oklahoma City.  

Including this new location, DD’s Discounts will operate more than 150 locations in 15 states and is on schedule to complete its expansion plan to open approximately 20 locations in 2014.

Virginia Beach, Va. – The Investment Sales Group of Divaris Real Estate Inc. has brokered the sale of Shippensburg Marketplace in Shippensburg, Pennsylvania for $12 million. Divaris represented the seller, ACL Realty Corp., in the transaction; American Realty Capital Properties, Inc. was the purchaser.

Shippensburg Marketplace is a 56,875-sq.-ft., Giant-anchored shopping center. The property was developed in 2002 and was 94% occupied at the time of the sale.

Northbrook, Ill. - Pine Tree Commercial Realty LLC has acquired Riverbend Marketplace, a regional shopping center located in Asheville, North Carolina, in partnership with Wanxiang America Real Estate Group. The 142,617-sq.-ft. shopping center is shadow-anchored by Walmart, anchored by Kohl’s and Petsmart, and features 110,715-sq.-ft. of national best-in-class retailers.