Corporate Governance

Purchase, N.Y. -- As part of the 2013 launch of a commitment to responsible retailing, the Stop & Shop Supermarket Co. LLC is making efforts that reduce waste in stores and improve efficiencies in energy uses in both new and existing stores.

By 2020, the company has set a goal of getting to "zero waste," diverting 90% of waste going to landfills and incinerations through the expansion of its organic recycling program and new opportunities for recycling cardboard, plastic, paper, and single stream recycling.

Dallas — CBRE’s Private Capital Group has announced the sale of Josey Rosemeade Shopping Center, an unanchored strip center in Carrollton, Texas.

Located just northwest of the Dallas/Fort Worth metro area in an affluent, densely populated area, the 14,500-sq.-ft. center received more than 20 offers.

New York — Choza Taqueria, a Manhattan-based Mexican restaurant, has signed a lease for its third location at 100 Park Avenue, between 40th and 41st Streets. The new location will reach a lunchtime crowd from the area’s many Class A offices and the business commuters and visitors passing through Grand Central Station.

Winick Realty Group represented Choza, which currently operates storefronts on Madison Avenue and 27th Street and Macdougal Street and Bleecker Street.

Dallas — SRS real Estate Partners has appointed Adam Baxter as first VP in the Birmingham office. He will focus on tenant and landlord representation in the Birmingham market.

Tejon Ranch, Calif. — Slated to open in August, The Outlets at Tejon has announced the appointment of Brian P. Hassett as the new center’s general manager. Hassett brings more than 25 years of experience in the retail industry — more than 10 of them focused on outlet retail — to the post.

North Plainfield, N.J. — Roy D. Vice has joined Levin Management as VP of construction and development. In his new role, Vice will work closely with Levin’s property management and leasing teams to oversee all construction and development activities in the firm’s retail portfolio of more than 13 million square feet.

Cincinnati — Phillips Edison-ARC Grocery Center REIT II has acquired its first grocery-anchored shopping center — the 81,674-sq.-ft. Bethany Village in Alpharetta, Ga., an affluent suburb of Atlanta.

A 51,674-sq.-ft. Publix anchors the center. Publix is the number one grocer by market share in the Atlanta metropolitan statistical area. Other national tenants at Bethany Village include Marco’s Pizza, Subway and Workout Anytime.

Anaheim, Calif. – Pacific Sunwear of California Inc. reported a net loss of $22.5 million during the fourth quarter of fiscal 2013, up from a net loss of $19.8 million in the same period a year earlier. Net sales dropped 2% to $218.6 million $222.8 million, while same-store sales rose 2%.

Pacific Sunwear cited the 53rd week in fiscal 2012 as negatively affecting its comparative fiscal 2013 results. Looking ahead, the retailer expects a same-store sales increase of 1 to 4% and revenues of $169 million to $174 million during fiscal 2014.

Bloomington, Minn. -- Mall of America has launched a $325 million expansion project in cooperation with Mortenson, a U.S.-based construction and development services company, Hotel Development LLC, an enterprise of the Shakopee Mdewakanton Sioux Community, and the city of Bloomington, Minn.

New York -- The Deloitte Consumer Spending Index remained flat in February 2014, showing only a marginal change. The Index tracks consumer cash flow as an indicator of future consumer spending.

The Index, which comprises four components, tax burden, initial unemployment claims, real wages and real home prices, ticked down slightly to 3.9 from 4.0 last month. Highlights of the Index include:

Tax Burden: The tax rate stayed at 11.8%, consistent with recent months.