Corporate Governance

 

The U.S. Department of Energy has named the ASHRAE/IES 90.1-2013 energy standard as the new national energy reference standard, superseding the 2010 version in effect until then.

Within two years, all states must put into effect a commercial building energy code at least as stringent as the 2013 version of 90.1, or justify why they cannot comply.

The updated standard pays particular attention to lighting controls, with more stringent requirements, including*:

Academy Sports and Outdoors' 186 locations won’t be open Thanksgiving Day, but the retailer does have other operational and promotional strategies planned including a 5 a.m.Black Friday opening.

The $4 billion retailer said it was continuing its longstanding practice of not opening on Thanksgiving Day. Instead, leading up to Thanksgiving Academy plans to provide customers access to shop its Black Friday deals early through three major sales events – Early Access, Black Friday Starts Now, and Black Friday.

Boston -- Charter Realty & Development Corp. announced the acquisition of 60-70 Cross Street in Boston’s North End. The property is the latest addition to Charter’s growing commercial portfolio in Massachusetts and kick-starts its new urban program. Charter currently owns and operates over a million and a half square feet of commercial space in the Bay State.  

The farmers market has gone digital at Overstock.com where the discount online retailer has launched home delivery of locally sourced product.

Overstock.com launched the new Farmers Market section of its site to offer home delivery of seasonal, healthy food, grown and produced in close proximity to shoppers, according to the company.

Louisville, Ky. -- Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Stonefield Square in Louisville, Ky. The 90,991-sq.-ft. center was purchased from seller Viking Partners by Toronto-based Slate Properties for $12.6 million.   Stonefield Square is located at the southwest corner of Shelbyville and Moser Roads. The center is anchored by The Fresh Market, CVS and Fifth Third Bank.

Dallas -- FedEx Office is collaborating with marketing execution firm InnerWorkings Inc. to expand the range of professional print products through FedEx Office retail locations. By combining FedEx Office printing & logistics capabilities with InnerWorkings’ streamlined production platform, the retailer will be able to offer printed items such as signs and banners, flyers, posters, brochures, displays and branded merchandise.  

Patrick Spear has joined GMDC as president to fill a role previously held by the organization’s long-time CEO Dave McConnell.  Spear brings 25-plus years of experience in the consumer and office products industry to GMDC’s senior management team.  

Tucson, Ariz. -- The Gifted Barber Shop is opening in the Desert Square Shopping Center located at the northeast corner of Golf Links and Kolb Roads in Tucson, Ariz.

 

The new barber shop will be 1,200 sq. ft. and is grand-opening on Nov. 7.

 

Craig Finfrock of Commercial Retail Advisors, LLC represented the landlord, 26 Palms Delaware, LLC and Sierra Industrial Park Delaware, LLC.