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Lucescu Realty opens Phoenix office, sells The Promenade in Scottsdale
Newport Beach, Calif. — Lucescu Realty said it has opened a new regional office in Phoenix, its second office outside its California headquarters. The company recently opened a Las Vegas office and plans to open a San Francisco presence by year-end 2011.
In other company news, Lucescu Realty said it completed the sale of The Promenade in Scottsdale, for $110 million. Lucescu Realty represented the seller, a local private investor, and procured the buyer, Excel Trust of San Diego.
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Gap to roll out more Athleta stores
New York — Gap Inc. is expanding its Athleta brand. The company will open eight to 10 Athleta stores in 2011, with a total of 50 expected by 2013, according to Women’s Wear Daily.
As previously reported, Athleta will make its New York City debut this summer, opening two locations in Manhattan.