Real Estate

Phoenix – Vestar announced the addition of Bradley Parks, director of due diligence to its team. Parks will be responsible for overseeing all due diligence activities for Vestar’s shopping center acquisition opportunities.

Over the past three years Vestar has completed over $1 billion in acquisitions throughout the western U.S. and was recently recognized as the 4th largest acquirer of shopping centers in the United States.

Has founder and ousted CEO Dov Charney made his last stand at American Apparel?

The board of American Apparel Inc. rejected a $300-million takeover bid from Hagan Capital Group and Silver Creek Capital Partners — the investors aligned with Charney — according to the Los Angeles Times.

Plymouth Meeting, Pa. -- Metro Commercial Real Estate announced it has negotiated 10 new store openings for The Vitamin Shoppe in Pennsylvania and New Jersey.

The Vitamin Shoppe, is a leading multichannel specialty retailer and contract manufacturer of nutritional products with 700+ stores throughout the U.S., Puerto Rico and Canada.

The Vitamin Shoppe Pennsylvania locations: Chadds Ford, Fairless Hills, Feasterville, Lancaster, Paoli, Philadelphia, Dickson City/Scranton and Wilkes-Barre.

Boston -- Gordon Brothers Group announced the appointment of John Dattilo as director, real estate of the commercial & industrial division, to the Chicago office. Dattilo will oversee the analysis, acquisition and sale of industrial real estate assets.

Walmart said it will close 269 stores worldwide this year, including many of its smallest stores, in an unprecedented move CEO Doug McMillon characterized as being more disciplined about growth.

Walmart said it will close 269 stores worldwide this year, including many of its smallest-format stores, in a move that CEO Doug McMillon characterized as being more disciplined about growth. It is one of the largest number of stores closures that Walmart has ever announced at one time.

Winter Garden, Fla. -- The Sembler Company has completed construction on the final outparcel at the 1.15 million sq. ft. Winter Garden Village located in Winter Garden, Florida.

Pei Wei Asian Diner and Mattress One will occupy the new 7,200-sq. ft. building, marking complete build-out of the development originally started in 2006.

A CVS store is expected to open on the Las Vegas strip in May, according to a report by Vegas Inc. published Tuesday. It will be CVS' fourth location to Walgreens' five, the report noted. "They've really been popping up quickly," Ray Germain, associate VP investments with Marcus & Millichap told Vegas Inc. "It's crazy what you'll pay for a little packet of Advil. (Vegas Inc.)