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Real Estate

  • Marcus & Millichap names Denver retail exec

    Denver -- Marcus & Millichap Real Estate Investment Services announced that Jon Hendrickson has been named associate director of the firm’s National Retail Group in Denver.

    Hendrickson joined Marcus & Millichap’s sales intern program in 2004, became an agent in 2006 and was promoted to senior associate in 2009.
     
     

  • Hanley Investment Group names new exec

    Irvine, Calif. -- Hanley Investment Group Real Estate Advisors said that Jonathan Selznick has joined the company as VP.

    Selznick was most recently a broker with Pacific Commercial Investments in Irvine, Calif., where he advised clients on the acquisition and disposition of retail investment properties.
     

  • JCP makes more key appointments

    PLANO, Texas — JCPenney has made a number of key appointments in the areas of real estate, supply chain, communications, marketing and philanthropy.

  • Sawgrass Mills to break ground on expansion

    Sunrise, Fla. -- Indianapolis-based Simon Property Group announced that Sawgrass Mills, the largest outlet, value retail and entertainment destination in the United States with more than 350 stores, will soon break ground on its newest phase of development to increase the footprint of The Colonnade Outlets at Sawgrass Mills. 

    This milestone also represents the soon-to-be-completed 140,000-sq.-ft. retail expansion of the south side of the property.

  • Glendale Galleria names architects for center renovation

    Glendale, Calif. -- Glendale Galleria, a 1.5-million-sq.-ft. super-regional shopping center announced the architects who will work on the center's grand renovation project. Glendale Galleria is owned and operated by Chicago-based General Growth Properties.

  • J.C. Penney adds another Apple exec to its team

    Plano, Texas -- On Thursday, J.C. Penney and CEO Ron Johnson announced a new lineup of executive players to join the department store retailer’s team, one of them from the ranks of Apple.

    Benjamin Fay, senior director of retail real estate, design and development for Apple, has been named executive VP real estate, store design and development for J.C. Penney.

  • Target real estate exec is Viking’s MVP

    The Minnesota Vikings are in need of a new football stadium and Target’s EVP property development John Griffith sees a proposed downtown Minneapolis location as one element of a larger development and revitalization plan. That’s according to the Minneapolis Star Tribune, which reported this week on Griffith’s involvement in the downtown deal-making and track record at Target. Read the article here.

  • Best Bye?

    Fresh off the resignation of CEO Brian Dunn and the revelation that the company lost a not-so- insignificant sum of $1.7 billion last quarter, Best Buy’s recent announcement to close 50 stores by the end of 2012 probably didn’t come as a surprise to anyone in our industry. What may have been surprising to some — myself included — is their plan to roll out 100 Best Buy Mobile stores.

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