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Real Estate

  • Sembler launches new website

    St. Petersburg, Fla. -- The Sembler Co. announced Monday that, in celebration of the firm’s 50th anniversary, it has launched a new website, Sembler.com.

    This is the second major revision to the website since the initial launch in 2002. With technology and social media changes, the new site enables better interaction among The Sembler Co., its clients, vendors, and associates.

  • Eisenhower Square sees tenant additions

    Savannah, Ga. -- Brixmor Property Group announced the recent openings of a 34,103-sq.-ft. Save-A-Lot and a 1,000-sq.-ft. Maison De Macarons at Eisenhower Square, located in Savannah, Ga.

    Also, a lease has been executed for an 8,640-sq.-ft. Generation One, a hospital-based, senior-related healthy aging program.

    Brixmor, based in New York City, is the owner of Eisenhower Square.

     

  • Jones Lang LaSalle names COO, announces retail leadership

    Atlanta -- Jones Lang LaSalle announced Monday that it has promoted Kristin Mueller to COO.

    The firm also announced the establishment of new leadership roles, including the promotion of John Bemis and Geno Coradini to Retail Market Lead in Atlanta/Southeast and Dallas/Southwest, respectively.

  • Record expansion for Kum & Go

    West Des Moines, Iowa -- Convenience-store operator Kum & Go. opened 43 stores in nine states — more than double its previous record of 21 new stores in 2009 — in 2012, for a total of 430 stores in 11 states. The company plans to continue its growth strategy in the coming years.

    “We’re not letting up,” president and CEO Kyle J. Krause said. “Our growth plan for the next five years is just as aggressive.”

  • Actor Patrick Dempsey's group wins bid for Tully’s

    Seattle -- TC Global Inc., which operates 47 Tully’s Coffee Shops, announced that it is a step closer to exiting from bankruptcy with the sale of its assets to Global Baristas, the investment group led by actor Patrick Dempsey, star of television’s Grey's Anatomy.

  • Jones Lang LaSalle closes sale of Westdale Mall

    Cedar Rapids, Iowa -- Jones Lang LaSalle’s Capital Markets group said Thursday that it has brokered the sale of Westdale Mall in Cedar Rapids, Iowa, on behalf of Tremont Capital Corp. and Cedar Rapids Properties.

    The 743,369-sq.-ft. property is anchored by J.C. Penney and Younkers.

     

  • Portillo’s to open at Tempe Marketplace

    Tempe, Ariz. -- Vestar, owners of the 1.3 million-sq.-ft. Tempe Marketplace, announced that it sold a 2.38-acre parcel on its southwest corner to Chicago hot dogs and beef eatery Portillo’s.

    The restaurant is slated to open a 7,000-sq.-ft. location in summer 2013.

    Tempe Marketplace features 1.3 million sq. ft. of retail space and more than 100 retail and restaurant tenants.

     

  • GGP’s warrants acquired by Brookfield affiliates

    Chicago -- General Growth Properties said Thursday it was informed by Brookfield Asset Management that affiliates of Brookfield acquired the GGP warrants held by affiliates of Pershing Square Capital Management.

    The warrants represent the right to acquire 18.43 million shares of GGP stock at a value of $0.01 per share.

    General Growth also said it has been offered by Brookfield the right to acquire the warrants, for the same price of $271.88 million paid by Brookfield, within the next 30 days.

     

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