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  • CBRE: Tucson big boxes lease up in core locations

    Tucson, Ariz. — Big-box retail space in Tucson, Ariz., has been leasing up, with the highest demand focused in core regional mall hubs. Big-box spaces in peripheral areas of the city remain vacant.

    In the Park Place Mall area, for instance, big box properties are nearly fully leased, with some saying the area is ripe for redevelopment to accommodate future demand.

  • One time Walmart CEO joins Victory Electronic Cigarettes board

    Victory Electronic Cigarettes announced that Bill Fields, former president and CEO of Walmart stores division, will join its board of directors.  

  • Mid-America arranges sale of two RPAI centers

    Oakbrook Terrace, Ill. — Mid-America Real Estate Corp. has brokered the sale of two centers on behalf of Retail Properties of America.
     
    First, Phillips Edison & Company purchased the 134,229-sq.-ft. Duck Creek Plaza in Bettendorf, Iowa, for $19.7 million. Schnucks and Marshalls anchor Duck Creek Plaza, and Home Depot serves as a shadow anchor. Mid-America Real Estate Corp. in cooperation with Mid-America Real Estate — Iowa LLC brokered the transaction exclusively on behalf of RPAI.

  • Holiday sales met NRF expectations

    Despite severe winter weather travails during the holiday shopping season, the National Retail Federation reported that December retail sales didn’t take the hit that many feared.

    In fact, taking advantage of heavy promotions and last-minute deals, shoppers were able to move the December retail sales needle up 0.4% month-to-month, excluding automobiles, gas stations and restaurants, and up 4.6% year-over-year.



  • Retail’s Free-Rider Problem

    By Lee Peterson, WD Partners

    If a sacred cow exists among retail strategists today, the price-match is undoubtedly it. As the weapon of first resort, it is the most obvious defense against the rapid rise of “showrooming” and the unbridled growth of online retailing behemoths like Amazon, ruthlessly cutting into retailers’ profits.

  • The Retail Connection boosts development in Texas

    San Antonio, Texas — The Retail Connection has brought retail development veteran David Berndt on board to extend the company’s tenant driven retail development capacity. Berndt will join as Development Partner of The Retail Connection | Connected Development Services. In that role, he will lead the company’s development platform in Central and South Texas.

    The Retail Connection is expanding its capabilities across the board in Central and South Texas, adding senior brokerage leaders too.

  • RadioShack appoints Dollar General exec as CFO

    New York -- RadioShack is enlisting specialty retail industry veteran John W. Feray to help the company execute its turnaround strategy and has appointed him executive VP and CFO, effective Feb. 6.

  • RadioShack taps former Dollar General exec as financial chief

    RadioShack is enlisting specialty retail industry veteran John W. Feray to help the company execute its turnaround strategy and has appointed him EVP and CFO effective Feb. 6.

    Feray joins RadioShack from Dollar General, where he has been SVP of finance and strategy since 2008 under both private equity ownership and as a public company. With responsibility for financial planning and analysis, long-term strategic planning, real estate market planning and operational improvement activities, he has been credited as a key contributor to Dollar General's growth.

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