Real Estate

Tustin, Calif. -- Present Value Properties announced Tuesday that Annette Kolb has been named director of real estate for the firm.

Kolb will be responsible for the real estate needs of national chain retailers including Pizza Hut, Long John Silver and Jack in the Box franchisees located in Phoenix, Dallas and Missouri. She will handle lease extensions/renegotiations, new locations and relocations and be based in Phoenix.

Seattle — Recreational Equipment Inc. will make its Florida debut in the spring of 2013 with the opening a a store in Jacksonville, Fla. The company also announced that it will open its eighth store in Texas in the city of San Antonio in the fall of 2012.

The company's first Florida store in Jacksonville will occupy nearly 23,400 sq. ft. and will be located at The Markets at Town Center. The San Antonio location will occupy 27,500 sq. ft.

Alameda, Calif. -- Jamestown announced that DB Shoes and Bright Now! Dental have signed new leases at Alameda South Shore Center, a 594,000-sq.-ft., open-air retail center located in the East Bay community of Alameda, Calif.

DB Shoes has leased a 10,635-sq.-ft. retail space along the Park Street corridor. The new location is scheduled to open in April 2012.

Additionally, Bright Now! Dental, part of Smile Brands Inc., secured a 10-year, 3,805-sq.-ft. lease. The office is scheduled to open in May 2012.

Milwaukee -- MLG Capital said Tuesday that Craig Lashley has been promoted to principal of the firm.

Lashley is currently VP Investments. In his role, he concentrates on the acquisition of new properties and asset management of MLG's existing real estate investment portfolio, which includes 26 assets encompassing approximately 2.5 million sq. ft.
 

SEATTLE — Recreational Equipment Inc. will make its Florida debut in the spring of 2013 with the opening a a store in Jacksonville, Fla. The company also announced that it will open its eighth store in Texas in the city of San Antonio in the fall of 2012.

The company's first Florida store in Jacksonville will occupy nearly 23,400 sq. ft. and will be located at The Markets at Town Center. The San Antonio location will occupy 27,500 sq. ft. 

Cincinnati -- Mid-America Real Estate Corp.’s Investments Sales Group announced the recent sale of Stone Creek Towne Center located in Cincinnati.

The property was purchased by Oakbrook, Ill.-based Inland Real Estate for $36 million from a joint venture between Brandicorp and Trinity Development Co.

TORONTO — Sears Canada is closing three downtown stores in Vancouver, Calgary and Ottawa. The move follows an announcement last month by Sears Holdings, the majority owner of Sears Canada, that it will raise about $770 million by spinning off parts of its business and selling prime real estate.

Northridge, Calif. -- Two new restaurants will join the tenant lineup at Northridge Fashion Center, located in Northride, Calif. The center will also add an outdoor amphitheater.

Scheduled to open late in fall 2012, Yard House and Elephant Bar will join the center's restaurant row, which already features California Pizza Kitchen, Wood Ranch BBQ & Grill, Claim Jumper and Romano's Macaroni Grill.