Recreational Equipment, Inc. (REI)

Boston -- O'Connor/Real Vest Retail Holding Co., LLC, a partnership formed by O'Connor Capital Partners and Wafra Investment Advisory Group, have teamed with The Wilder Cos. to complete transactions that include the purchase of Milford Marketplace in Milford, Conn., and the acquisition of the ownership interest in Phase I of Settlers Ridge in Pittsburgh.

The centers were developed and managed by Chattanooga, Tenn.-based CBL Properties.
 

SEATTLE -- REI (Recreational Equipment Inc.) announced 2010 sales of $1.66 billion, up 14% from $1.46 billion the previous year, proving that even in a down economy outdoor enthusiasts will find ways to support their passion. Net income in 2010 was $30.2 million, up 1.4% from $29.8 million in the previous year. The company’s direct sales channel, which includes online and catalog sales, grew by 22.9%. Comp-store sales grew by 8.1%, up from negative 3.5% in 2009.

SEATTLE -- Recreational Equipment Inc. announced that Sue Sallee joined the company in the newly created position of VP accounting and finance. The company has also promoted Angela Owen, Tim Spangler and Tom Vogl to SVPs  of the merchandising, retail, and marketing divisions respectively.

VENTURA, Calif. -- The apparel industry has come together to form a coalition dedicated to reducing the environmental and social impacts of apparel and footwear products sold around the world. According to a press release, the group, to be known as the Sustainable Apparel Coalition will consist of leading apparel and footwear brands, retailers, manufacturers, non-governmental organizations (NGOs), academic experts and the U.S. Environmental Protection Agency.  

Fort Worth, Texas -- Trademark Property Co. said Tuesday that it has been hired to oversee all retail leasing for Biltmore Park Town Square, a 42-acre, one million-plus-sq.-ft. mixed-use property in Asheville, N.C., developed by Biltmore Farms, LLC and Crosland, LLC.

The town center is anchored by an REI flagship store, Regal Cinemas, Barnes & Noble and features 276 urban residences and 270,000 sq. ft. of Class-A office space. It also offers a mix of local and regional retailers and restaurants in addition to a 165-room full-service Hilton Hotel.

By Katherine Oberle and Monica Sloboda, [email protected], [email protected]

On November 18, 2010, the U.S. Green Building Council announced the long-awaited launch of its newest green building rating system, LEED for Retail. There are two distinct certification tracks available, LEED for Retail: New Construction and LEED for Retail: Commercial Interiors. 

Seattle - REI  (Recreational Equipment, Inc.) will to open a new store in Olympia, Wash. in the spring of 2011. 

The two-story, 25,000 square-foot store will be located off Cooper Point Road at Westfield Capital Shopping Mall. 

“REI looks forward to extending our roots further south in Puget Sound with the new store in Olympia,” said Kevin Golic, REI’s retail director for the Washington Alaska district. 

New York City -- Forest City Ratner Cos., a subsidiary of Cleveland-based Forest City Enterprises, announced Thursday that Dick's Sporting Goods, Orvis and REI, along with three national restaurant chains making their New York debuts, have join the growing tenant line-up at Westchester's Ridge Hill.