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Retail

  • Kanga app set to trigger local same-day delivery

    Atlanta -- Crowd-sourced delivery company Kanga has launched a new iPhone and Android app that will place on-demand delivery options in the hands of local customers. The first market to pilot the on-demand shipping solution is Kanga’s home base of Atlanta.

    The solution, which leverages crowd-sourced labor, is designed to connect customers and retailers with local delivery drivers.

  • Report: Banks sue security firm and Target over data breach

    New York -- A pair of banks has filed suit against Target Corp. and security firm Trustwave, alleging damages suffered after the retailer’s holiday season data breach and accusing Trustwave of failing to identify security gaps.

    According to a report by Reuters, which cited the American Banker, Trustmark National Bank and Green Bank N.A. are seeking damages of more than $5 million and named Trustwave Holdings and Target as defendants.

  • CBRE arranges equity for San Francisco development

    San Francisco — CBRE has introduced AIG Global Real Estate to Associated Estates Realty Corp. The two companies have formed a 50:50 joint venture partnership to develop a 3.36-acre mixed-use project at 8th and Harrison in San Francisco, Calif. The project will be known as 350 Eighth.

    Located in the South of Market or SoMa neighborhood of San Francisco, 350 Eighth will consist of 410 rental apartment homes and 40,000 sq. ft. of office and retail space. Site work has begun and first occupancy is scheduled for fourth quarter 2015.

  • Simon taps JLL to lease one million square feet

    Chicago — Simon Property Group has awarded the leasing assignment for a trio of shopping centers totaling more than one million sq. ft. to JLL. Each is located at prime intersections in the southern suburbs of Chicago. They include:

    Country Side Plaza in Countryside, Ill. Anchored by Home Depot and Value City Furniture, the 400,000-sq.-ft. center has junio anchor and small shop space available.

  • Clark’s Americas steps up online engagement

    Newton, Mass. – Clark’s Americas Inc., a division of the global shoe brand with more than 300 stores in the U.S., is deploying the Yottaa Engagement Cloud to optimize user engagement and business performance on its U.S. e-commerce site. In fall 2013, the e-commerce team at the Americas division of Clarks sought a solution that could help scale and provide a consistent, engaging Web experience throughout the busy holiday shopping season and beyond.

  • Oracle study: New retail democracy demands commerce anywhere

    Boston -- The single biggest challenge for retailers is to understand, empower and represent the digitally empowered consumer across all touch points, according to new research from Oracle.

  • Cedar buys Quartermaster Plaza in Philadelphia

    Port Washington, N.Y. — Cedar Realty Trust has completed the acquisition of Quartermaster Plaza in Philadelphia. The 456,000-sq.-ft. grocery-anchored shopping center is 98% occupied and anchored by a BJ’s Wholesale Club.

    Cedar acquired the center for $92.3 million, including the assumption of $53.4 million of fixed rate debt. The company expects ultimately to fund deal with proceeds anticipated from asset sales. Pending those sales, Cedar will use it existing credit facility.

  • Wawa to roll out Kalibrate Technologies’ fuel pricing solution

    Florham Park, N.J. -- Kalibrate Technologies (formerly KSS Fuels) announced that convenience-store operator Wawa has purchased the Kalibrate PriceNet fuel pricing system and will implement a roll-out across the chain’s entire network of 382 fuel sites.

    Wawa will utilize the full capabilities of PriceNet, which includes 24/7 automation of pricing, full integration to the sites, robust analytics to determine optimal pump prices and mobile functionality on smartphones and tablets.

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