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Development/Redevelopment

  • Former Brooks Brothers exec to head The Limited

    COLUMBUS, Ohio — The Limited has appointed former Brooks Brothers executive Diane Ellis as the company’s CEO, effective August 26.

    Ellis was president and chief operating officer of Brooks Brothers for six years. She oversaw information technology, human resources, retail and outlet stores, planning and allocation, product development, sourcing, supply chain, e-commerce and finance.

  • Report: Wal-Mart may bid on Hong Kong grocery chain

    Bentonville, Ark. – Wal-Mart is considering entering the bidding for Hong Kong-based grocery chain ParknShop, Reuters reports. Wal-Mart is currently exploring options to enter the initial bidding process for ParknShop, which closes Aug. 16.

    ParknShop is owned by Hutchison Whampoa Ltd., which in turn is owned by Li Ka-shing, reputedly the wealthiest man in Asia. The chain may be valued as high as $4 billion.

    Wal-Mart, which has not commented publicly, said last year it would open 100 new stores in China by 2015.

     

  • La Perla Opens Boutique in Honolulu

    New York — La Perla has opened a new boutique in Honolulu at the Ala Moana Center. The official opening ceremony took place Friday morning.

    Founded in 1954, La Perla is an Italian-based brand marketing intimate apparel, swimwear and ready-to-wear.

     

  • Dunkin' Donuts to add eight units in Rochester, N.Y.

    Canton, Mass. -- Dunkin' Donuts said it will open eight new restaurants in Rochester, N.Y., via a multi-unit store development agreement executed with existing franchisee Luis Ribeiro.

    Ribeiro currently owns 25 of the 61 Dunkin' Donuts in the Greater Rochester area.  

    "We expect 10 to 20 new Dunkin' Donuts restaurants to open in Rochester over the next few years," said Grant Benson, VP franchising and business development, Dunkin' Brands.

  • Health retailer elevates Mack to CFO

    Max-Wellness, the health and wellness retail concept founded by former OfficeMax CEO Michael Feuer, named VP of finance Tom Mack to the newly created role of SVP and chief financial and administrative officer.

    Mack joined the company in the fall of 2011 as controller and was elevated to the vp of finance role last year. Max-Wellness operates six stores, three in the Cleveland area, two in Naples, Fl., and one in nearby Sarasota.

  • Jamestown acquires One Metro Center in Washington, D.C.

    New York -- Jamestown has closed on the $307.5 million acquisition of One Metro Center, a trophy office building located in the East End submarket of Washington, D.C.

    Close to the White House, Treasury Department and Ronald Reagan Building, the property sits above Metro Center Station, the central hub of Washington’s subway system.

  • Nordstrom Rack to open at Baybrook Square

    Webster, Texas -- Seattle-based Nordstrom will add a new Nordstrom Rack location in the Houston area, opening a 31,000-sq.-ft. store in spring 2015 at Baybrook Square in Webster, Texas.

    The Baybrook Square Rack will be the fourth Houston-area off-price store for Nordstrom. In July the company announced plans to open a third Rack location at Willowbrook Mall in fall 2014.

    The new Nordstrom Rack will move into a space currently occupied by DSW, which is relocating within the center. Baybrook Square is managed by Fidelis Realty Partners.

  • Van De Vort opens in Del Mar’s Flower Hill Promenade

    Del Mar, Calif. — Van De Vort opened a new women’s fashion boutique in the Flower Hill Promenade in Del Mar, Calif., near San Diego, with a grand opening celebration last Saturday.

     

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