Corporate Governance

Miami -- Burger King Worldwide said that it has now added Salt Lake City to the list of markets employing home-delivery.

"BK Delivers is already performing well in Boston, New York, Miami, Houston, Los Angeles, Chicago, San Francisco Bay Area, Las Vegas, Sacramento, greater Washington, D.C., Phoenix and Denver,” said Petru Pusta, director retail innovation, Burger King Worldwide. The program allows consumers in each delivery zone to customize and order Burger King menu items by phone or online.

San Diego -- Warehouse club operator PriceSmart reported Thursday that profit for the quarter ended May 31 rose 18% to $18.5 million, compared with $15.7 million in the year-ago period but missing Wall Street estimates.

Revenue rose 13% to $571.7 million, beating analysts’ expected $568.6 million in sales. Same-store sales rose 9.7%.

New York -- Meijer is set to open its first store in the city of Detroit on July 25, according to Crain's Detroit Business.

The store will anchor a new shopping center and will feature a grocery section, drive-thru pharmacy, gas station and Huntington National Bank branch. Other tenants at the shopping center will include clothing and pet supply stores and fast-food restaurants.

Whole Foods Market recently opened a store in Detroit.

Hollywood, Fla. -- A.R.E. (Association for Retail Environments) has appointed Todd Dittman executive director, succeeding Klein Merriman, who will retire in August. In this role, Dittman, a marketing and finance executive with more than 20 years of experience, will lead A.R.E. and manage Pave, the industry educational foundation, and the Retail Design Institute, working with each organization’s volunteer officers and boards of directors. The appointment is effective Aug. 1.

Los Angeles -- CBRE Group Inc. has made two research appointments.

First, Nick Axford, Ph.D., will move up to Global Head of Research, a new position, from CBRE’s Asia Pacific business unit. He will manage global research efforts, establish strategies that support CBRE objectives and serve as a resource for clients on global commercial real estate trends.

In addition, Raymond Torto, Ph.D. will become global chairman of CBRE Research. He will analyze market trends for clients.

Abilene, Texas -- Sam’s Club will open a 136,000-sq. ft. relocated club today in Abilene, Texas. Mayor Norm Archibald and the Abilene Chamber of Commerce Redcoat Committee are scheduled to attend the grand opening.

Weymouth, Mass. -- Whole Foods Market has opened at Pleasant Shops in Weymouth, Mass., according to Federal Realty Investment Trust, one of the center’s joint venture owners.

The 40,000-sq.-ft. store, Whole Foods’ 23rd location in Massachusetts, will employ 140 full and part time workers.

Cincinnati -- Phillips Edison-ARC Shopping Center REIT Inc. has acquired Boronda Plaza in Salinas, Calif. Food 4 Less, a subsidiary of Kroger, anchors the 93,071-sq.-ft. shopping center, which is 98% occupied.

When combined with the Food 4 Less lease, 68% of the rents for the center derive from national tenants. More information at Phillipsedison-arc.com.
 

Oakbrook Terrace, Ill. -- Mid-America Real Estate Corp.’s investment sales group has brokered the sale of the 301,045-sq.-ft. Mount Prospect Plaza in Mount Prospect, Ill., a northwestern suburb of Chicago.

Ramco-Gershenson Properties Trust purchased the property for $36.1 million from a pension fund advised by JP Morgan Asset Management Inc.

Cranford, N.J. -- Winick Realty Group N.J. has announced the formation of an investment sales division in the company’s Cranford, N.J., office. The new division will focus on a wide range of properties from ne-leased investment-grade properties to shopping centers throughout New Jersey.

“The investment sales market is red-hot right now, with a substantial amount of business that reaches pre-recession levels,” said Tyler Bennett, senior VP and founding partner of Winick Realty N.J.