Starbucks Coffee Co.

Visa Inc. has disclosed an investment stake that indicates it has a strong interest in helping retailers process mobile transactions.

In a filing with the Securities and Exchange Commission (SEC), Visa said it holds 3.5 million shares in payment processing provider Square, equal to a 10% stake. The investment was worth about $30 million as of Thursday, Feb. 11.

Leading sales and marketing solutions provider Advantage Solutions named former Starbucks executive Jeff Hansberry to the newly created position of president and chief commercial officer.

Minneapolis -- Mid-America Real Estate announced five new retail leases recently signed on behalf of retailers. Mid-America Tenant Representation team represented the tenants in the following transactions, listed below in order of transaction size.

St. Louis Park, Minnesota (Hennepin County) – J. Crew Factory signed a 6,500 sq. ft. lease at Shoppes at Knollwood located in St. Louis Park, Minnesota. The 456,554-sq.-ft. center is anchored by Kohl’s and Nordstrom Rack.

Starbucks is giving customers a front row seat on the famed Las Vegas Strip.

The coffee giant has opened a 3,200-sq.-ft. location in Grand Bazaar Shops at Bally’s Casino complex. The store is unusual in that, instead of the typical tables with chairs, it offers theatrical stadium seating (for 30 to 40 people) in the center of the store and surrounding bench seating.

Starbucks Corp. is still hot for tea, but it’s not feeling too warm and cozy about its Teavana "tea bar" format, which debuted in New York City about two years ago. The concept sought to elevate the tea-drinking experience, much the way Starbucks did for coffee, and featured an array of tea-related beverages and food items in a comfortable environment that encouraged people to linger.

Starbucks Corp. reported first quarter earnings and same-store sales that topped expectations. But the coffee giant gave a soft earnings outlook for its current quarter.

Starbucks reported better-than-expected earnings of $687.6 million for the period ended Dec. 27, 2015, down from $983.1 billion a year earlier. The prior-year period was boosted by a hefty $391 million gain related to a joint venture.

Revenue rose 12% to $5.37 billion. Analysts had forecast $5.39 billion in revenue.

Rancho Cucamonga, Calif. -- Passco Companies has acquired Day Creek Village located in in Rancho Cucamonga, California for $15.8 million.

Day Creek Village is a neighborhood shopping center in the second largest submarket in California’s Inland Empire market. The 25,002 sq. ft. center is 100% leased and is shadow-anchored by a Ralph’s grocery store, and currently has 14 tenants, including Starbucks, Wells Fargo, Super Cuts, Subway, and Orange Theory Fitness.