Corporate Governance

Yonkers, N.Y. -- Aries Deitch & Endelson said that a lease was recently signed by TJX Cos. for a 32,000-sq.-ft. T.J. Maxx store slated to open this spring at Westchester County’s Ridge Hill, the New York metropolitan area’s largest mixed-use outdoor shopping center. 

Located in Yonkers, the lifestyle center, which is owned by Forest City Ratner Cos., spans more than 81.4 acres and includes 1.3 million sq. ft.

Dallas -- Venture Commercial Real Estate said it has represented rue21 in lease negotiations for two new store locations that opened in November in Paris, Texas and Chickasha, Okla.

The Paris store is in a 7,162-sq.-ft. space in Paris Towne Center, and the Chickasha store is located in the Southland Shopping Center.
 

Cherry Hill, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that Brookstone has opened at Cherry Hill Mall, in Cherry Hill, N.J.

The 2,600-sq.-ft. store is located by the Grand Court.
 

Oak Brook, Ill. -- Inland Western Retail Real Estate Trust has announced the acquisition of Alamo Ranch in a joint venture with RioCan Real Estate Investment Trust. The 469,031-sq.-ft. shopping center is located in San Antonio, Texas, and was purchased for approximately $92.2 million.

Tampa, Fla. -- RMC Property Group said that Charles Boscarino has joined the company as the newly appointed VP of leasing. 

Boscarino replaces Bobby Eggleston, who has been promoted to VP of RMC and will be involved in the areas of acquisitions and new development.

Boscarino previously served as VP real estate and store development for Bealls Stores, where he was primarily responsible for the development, expansion, and marketing of 500 stores in 14 states.

Garden City, N.Y. -- Sabre Real Estate Group said that Scott Sher has been named senior VP of the retail real estate brokerage firm.

Formerly director of real estate-northeastern region at Katz & Associates Corp., of Pearl River, Sher specializes in tenant and landlord representation in the New Jersey, Manhattan, Outer Boroughs, Westchester and Long Island markets.
 

WEST DES MOINES, Iowa — Ric Jurgens, chairman and CEO of Midwestern supermarket chain Hy-Vee, will retire on June 1, the company said Wednesday.

Jurgens, 62, began working for Hy-Vee 42 years ago while a student at Iowa State University, taking a full-time position after his graduation. In 1995, he was named SVP and chief administrative officer, becoming president in 2001, CEO in 2003 and chairman in 2006. Jurgens said he will ask the company's board of directors to elect president and COO Randy Edeker as chairman and CEO.

WAYNE, N.J. — Toys"R"Us Has announced that its stores nationwide will remain open for 112 uninterrupted hours beginning at 6am on Tuesday, Dec. 20 and continuing through 10 p.m. on Christmas Eve.

In conjunction with continuous shopping during the last few days leading up to Christmas, Toys"R"Us will hold a two-day sale from Tuesday, Dec. 20 to Wednesday, Dec. 21.

WASHINGTON — The National Retail Federation is putting its faith in the holidays by upgrading its spending forecast for the season.

After initially anticipating sales growth of 2.8%, the NRF said it now expects holiday sales to rise 3.8% to $469.1 billion. The projection may be lower than the 5.2% increase the retail industry saw last year, but the group said a number of factors, such as strong year-over-year sales and the fact that not all consumers have completed their holiday shopping lists, could provide the industry with a great gift after all.

FORT WORTH, Texas — Pier 1 Imports continued its streak of strong same-store sales for the third quarter, reporting that same-store for the quarter ended Nov. 26 sales increased 7% versus last year’s increase of 10.2%. Net income for the quarter was $23 million, or 21 cents per share, which included an income tax provision of $12.4 million.