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  • Kimco appoints new CEO to its board of directors

    New Hyde Park, N.Y. -- Kimco Realty Corp. announced that Conor C. Flynn, president and CEO, has been appointed to the company’s board of directors effective January 1, 2016, simultaneous with his elevation to the CEO role. Flynn succeeds David B. Henry who retired as vice chairman of the board of directors and CEO on January 1, 2016.

  • CBRE hires international urban and high street retail expert

    Los Angeles -- CBRE Group announced that Andrew Turf, a high street luxury retail real estate expert, will join the company’s Retail Services team as senior VP. Turf will also act as tenant representative on the West Coast and beyond and collaborate with capital markets teams on a variety of real estate projects.

  • The magic is gone: Macy’s closing stores and cutting jobs

    Macy’s said warm weather took a huge toll on holiday sales, which were much worse than expected, prompting the company to announce major cost-cutting moves.

  • Mid-America secures three new retail leases at Orland Park Crossing

    Oakbrook Terrace, Ill. -- Mid-America Asset Management announced that the firm recently secured three new retail leases on behalf of Orland Park Crossing located in Orland Park, Illinois. Orland Park Crossing is a 107,371-sq. ft. lifestyle center featuring tenants White House | Black Market, Talbots, Charles Schwab, Ann Taylor, Charming Charlie and more.

  • The Salvador luxury condos now leasing ground-floor retail space

    St. Petersburg, Fla. -- The Sembler Company’s latest listing is nearly 3,250 sq. ft. of ground-floor retail space in The Salvador, new luxury condominiums, located in downtown St. Petersburg, Florida. The 74-unit, green-certified condo tower is located just 300 ft. from the University of South Florida, and walking distance from The Dali Museum, The Mahaffey Theater and the Central Avenue arts/entertainment district among other attractions.

  • Pan Bay Center in Queens, New York, acquired for $27 million

    New York -- Urban Edge Properties announced the acquisition of Pan Bay Center, located in the Howard Beach neighborhood of Queens, New York, for $27 million. The property includes almost the entire block on the west side of Cross Bay Boulevard between 156th Avenue and 157th Avenue.

    The 50,000 sq. ft. property is currently 85% leased with local retail tenants on the ground floor and medical office tenants on the second floor. The property includes 97 parking spaces.

  • Forest City completes conversion to REIT status

    Cleveland -- Forest City Enterprises, Forest City Realty Trust announced the completion of the merger of FCE Merger Sub, Inc., an Ohio corporation, with and into Forest City Enterprises, Inc., with Forest City Enterprises, Inc. surviving as a wholly-owned subsidiary of Forest City Realty Trust, Inc.

    The merger marks the final step in the company’s planned conversion to real estate investment trust (REIT) status for the taxable year ending December 31, 2016.

  • CBRE Group, Inc. acquires affiliate firm in Memphis

    Los Angeles -- CBRE Group announced that it has acquired CBRE Memphis, a commercial real estate services firm that has served as CBRE’s affiliate in Memphis since 1996.

    CBRE Memphis services include leasing, property sales, property management, project management and consulting. The firm has a staff of more than 100 and leases and/or manages approximately 14 million sq. ft. of property in the Memphis metro area, as well as in Jackson, Mississippi, and Arkansas.

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