Tenant Update

Aéropostale is closing its 19,000-sq.-ft. flagship in Manhattan’s Times Square.

The fast-casual restaurant chain McAlister’s Deli has opened its first store in the New York City area, a market where residents know a thing or two about delis.

With rental rates rising, expansion minded retailers have a unique opportunity to satisfy their growth aspirations by capitalizing on below market rates available at nearly 200 former Hancock Fabric locations.

There is a lot of tenant activity going on at the Miracle Miles Shops in Las Vegas with several notable retailers expanding, renovating and growing new concepts.

Photo: Erik Westedt, left, and Scott Kaplan have joined JLL’s growing Southern California team.

Editor’s Note: The 27th annual survey of Fastest-Growing Managers tallies new domestic and international third-party management and leasing contracts obtained during the 2015 calendar year and ranks the top performers. As always, the measuring stick is square footage.

This year’s fastest-growing third-party managers are taking many roads to growth, from acquisition to a multidisciplinary focus.

The Pembroke Mall in Virginia Beach is home to the newest DSW footwear and accessories store.

The retailers said it opened a 16,000-sq.-ft. store at the Pembroke Mall and characterized the location as “the greatest shoe shopping destination in Virginia Beach,” offering more than 21,000 pairs of shoes.

Retail Properties of America named Paula Maggio to the role of executive VP, general counsel and secretary, effective May 2.

Maggio joins Retail Properties of America following a 16 year career with Strategic Hotels & Resorts where she most recently served as executive VP, general counsel and secretary. Prior to that she practiced law with Altheimer & Gray, where she focused primarily on real estate and hospitality law.