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Urban Retail names exec
Chicago -- Urban Retail Properties, LLC announced the appointment of John N. Christen as executive VP director of new business development.
Christen has been actively engaged in the commercial real estate industry in several capacities for over 15 years, most recently as founder of Christen Realty Capital, LLC.
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Walmart investing $500 million in Canada
New York City -- Walmart Canada, a unit of Wal-Mart Stores, announced that it plans to open 40 additional supercenters in its upcoming fiscal year (which runs from Feb.1, 2011 to January 31, 2012). The company is investing approximately $500 million in the project, which also includes expanding, remodeling and relocating existing stores.
Although Walmart Canada did not disclose exact locations, it did reveal that it will enter two new new markets this year: the provinces of Quebec and Manitoba.