Corporate Governance

Cincinnati, Ohio -- Kimco Realty has sold Colerain Towne Centre, a 400,000-sq.-ft. Cincinnati power center, for $30 million, according to Mid-America Real Estate Corp.’s investment sales group, which represented Kimco in the transaction in cooperation with Anchor Associates. The buyer is a private real estate company.

San Diego -- The San Diego office of Colliers International has announced that Rick Puttkammer is rejoining the firm as a senior VP. A 25-year veteran in retail property sales and leasing, Puttkammer will head up the firm’s retail division.

Most recently, Puttkammer was senior VP at Flocke & Avoyer in San Diego. From 1987 to 1997, he was senior marketing director at Colliers in San Diego.

Bridgewater, N.J. -- Women’s apparel retailer, New York & Company, has taken 7,440 sq. ft. in the Somerset Shopping Center in Bridgewater, N.J., according to Levin Management, the property’s leasing and managing agent.

The lease brings the 214,202-sq.-ft. center to full occupancy.

Boston -- Bonefish Grill has signed up for 4,614 sq. ft. at the Wayside Shopping Center in Burlington, Mass., the retailer’s first Massachusetts location, according to The Wilder Cos., Wayside’s leasing, management and development firm.

Part of the multi-phase revitalization of the open-air center, Bonefish anticipates opening in late fall of this year.

Walmart increased promotional activity in June with nearly a 50% increase in circular pages and 80% increase in ad blocks, according to the latest data from ECRM Analytics. The surge in promotional activity was notable given the behavior of key competitors who were less aggressive. Click here for more.

A Walmart employee in Canada was fired this week after confronting a customer who left a dog in a truck, according to a television report out of Ontario.

NEWBURYPORT, Mass. — Foodservice Industry veteran Mike Pennella has agreed to serve as an adviser to the board Dianne's Fine Desserts' board of directors.

CHICAGO — Sara Lee Foodservice, a division of the Hillshire Brands Company, has introduced a line of products aimed at the kindergarten-12th grade education sector, focusing on turkey items for both breakfast and lunch.

Additionally, Sara Lee Foodservice will be participating in the United States Department of Agriculture Commodity Food Distribution Program that enables schools to purchase items at reduced prices.

National Retail Federation SVP for government relations David French spoke to Fox News' Stuart Varney about D.C.’s decision to pass a living wage bill requiring non-union, big box retailers to pay their employees $12.60 per hour. As a result of the bill's passing, Walmart has scrapped plans to open three stores in the District. While defenders of the bill point out that the living wage is a fair one given cost of living and the still challeneging economic climate, Varney says the District, via its council members, is turning down 2,000 jobs and French agrees.

PORTLAND, Ore. — Columbia Sportswear Company has appointed Russ Hopcus as SVP of North American sales, a newly created position that will report directly to president and CEO Tim Boyle, effective July 29.

In this new role, Hopcus will develop and execute wholesale sales and distribution strategies for the company’s Columbia and Sorel brands in the U.S. and Canada.