REAL ESTATE

Plymouth Meeting, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said that KareFoot Spa & Bodywork has opened at the company’s Plymouth Meeting Mall, located in Plymouth Meeting, Pa.

The 2,827-sq.-ft. location is the retailer’s fifth in Greater Philadelphia.

Springfield, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said that Le Gourmet Chef has opened at its Springfield Mall property, located in Springfield, Pa.

The 3,650-sq.-ft. store is located on the lower level next to Macy’s.

Springfield Mall, featuring Target, Macy’s and Carrabba’s Italian Grill, is jointly owned by PREIT and Kravco Simon Investments, an affiliate of Simon Property Group.

Costa Mesa, Calif. -- Donahue Schriber said Friday that executive VP Michele Babcock will resign the company, effective March 31.

During her 15-year tenure, Babcock led the leasing and remerchandising of 33 centers encompassing four million sq. ft. to record performance levels, according to the company.

Babcock said she is retiring from Donahue Schriber in order to travel, spend more time with her family and focus on charitable pursuits.

Plano, Texas -- J.C. Penney Company has launched a new exclusive concept, Modern Bride, in its stores and online.

The concept, a collaboration with Conde Nast, is designed to cater to today's bridal customer. Located in the rear of the fine jewelry department to provide an intimate customer experience, the Modern Bride in-store shops are detailed with their signage, distinctive fixtures, in-case lighting, displays and packaging, along with specially trained associates.

Northbrook, Ill. -- Hilco Real Estate said Thursday it has formed Hilco Real Estate Managed Asset Resolutions to provide turnkey loan servicing to lenders and other real estate investing entities on their most deeply-distressed loans and REO assets.

Jerry T. Hudspeth has joined Hilco as CEO of the new group. Joining Hudspeth on the leadership team are Ronald M. Lubin, Edmund H. Terry and Michael Tsandilas.

Cherry Hill, N.J. -- TD Bank announced it is building a net-zero energy bank location, in Ft. Lauderdale, Fla. (The U.S. Department of Energy's National Renewable Energy Laboratory, defines a net-zero energy building as a building that produces and exports in a year at least as much renewable power as the total energy it uses.)

New York City -- Dylan’s Candy Bar has opened an outpost in Marriott’s Shadow Ridge in Palm Desert, Calif.

With its bright turquoise walls with a candy-coated ceiling, custom candy-themed light fixtures and signature “Whirly Pop” Tree with its branches of lickable lollipops and candy-inspired apparel and accessories, the shop is modeled after Dylan’s Manhattan flagship. Other Dylan’s stores are located in East Hampton and Roosevelt Field, N.Y.; Orlando, Fla.; and Houston.

Addison, Texas -- Coyote Management said Thursday it has named Jim Adkins senior leasing specialist for the company.

Adkins will operate out of the company’s Lakeshore Mall in Gainesville, Ga.