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JCPenney Co.

  • Ex-Apple exec fulfills dream, becomes JCPenney CEO

    PLANO, Texas — Things just got a whole lot more interesting in the mid-tier department store space now that JCPenney has hired former Apple executive Ron Johnson to be its CEO. Johnson is a former Target merchandising executive who for the past 11 years oversaw the growth of Apple’s wildly successful and widely heralded retail operation.

  • Jones Lang LaSalle adds 600,000+ sq. ft. in third-party business

    Atlanta -- Jones Lang LaSalle said Tuesday it has been named the new leasing and/or property manager for five retail properties in Arkansas, North Carolina, New York and Ohio.

    The portfolio, owned by a variety of institutional investors, includes open-air shopping centers and a single-tenant property in Manhattan.

  • Retailers turn in mixed results for May; Costco, Macy’s and Saks shine

    New York City -- A sluggish economy, cool weather and high prices at the pump tempered retail sales in May, as retailers reported mixed results for the month. Retail Metrics projected an increase of 5.1% for the 25 chains tracked, which would mark the 21st straight monthly gain from September 2009.

    Among the May standouts was Costco Wholesale Corp., with a 13% rise in same-store sales. Analysts were expecting an 11.2% increase. However, without gasoline sales and beneficial foreign exchange rates, Costco’s same-store sales would have been 7%.

  • Coyote and Garrison acquire Chapel Hills Mall

    Colorado Springs, Colo. -- Addison, Texas-based Coyote Management L.P. and Garrison Investment Group, through their affiliates, have acquired Chapel Hills Mall, located in Colorado Springs, Colo.

    Chapel Hills Mall is a 1.2 million-sq.-ft. enclosed super-regional mall anchored by Dillard’s, J.C. Penney, Macy’s, Sears, Dicks Sporting Goods and Burlington Coat Factory, and features a 15-screen Carmike Cinema and over 100 specialty stores.

  • JCPenney to increase Energy Star certifications to 400 stores

    Plano, Texas -- JCPenney Co. announced that it will up its participation in the Environmental Protection Agency’s Energy Star program to 400 stores by the end of 2013. Energy Star certification is awarded to buildings that rank within the top 25% of similar commercial buildings nationwide by meeting strict energy performance levels set by the EPA.

    JCPenney has a companywide goal to reduce facility energy use 20% by 2015.

  • Daffy’s opens store in Bay Plaza Shopping Center

    Bronx, N.Y. -- New Rochelle, N.Y.-based Welco Realty Inc., an X Team partner, announced that Daffy’s opened its first store in Bronx, N.Y.  

    The retailer opened a store in Bay Plaza Shopping Center, one of the largest strip shopping centers in New York City. Welco Realty negotiated the deal on behalf of the landlord, Prestige Properties & Development Co.  

  • J.C. Penney to increase Energy Star certifications to 400 stores

    Plano, Texas -- J.C. Penney Co. announced Thursday that it will up its participation in the Environmental Protection Agency’s Energy Star program to 400 stores by the end of 2013. Energy Star certification is awarded to buildings that rank within the top 25% of similar commercial buildings nationwide by meeting strict energy performance levels set by the EPA.

    J.C. Penney has a companywide goal to reduce facility energy use 20% by 2015.

  • Fresco World Market to open at Eastridge Mall

    San Jose, Calif. -- Chicago-based General Growth Properties announced that Fresco World Market is slated to open at Eastridge Mall, located in Santa Clara County, Calif., by September.

    Fresco will take over a former Circuit City building and will feature the largest produce and seafood departments in the county and the Bay area.

    A GGP property, Eastridge Mall is anchored by J.C. Penney, Macy's, Sears, Barnes & Noble, Bed Bath & Beyond, Sports Chalet and AMC Theatres.

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