REAL ESTATE

Growing portfolio and strategic successes Mark 2015 for Sembler
St. Petersburg, Fla. -- The Sembler Company added 420,000 sq. ft. of new acquisitions to its portfolio in 2015, in addition to breaking ground on three new shopping centers and inking deals for three more – all while maintaining more than 95% portfolio occupancy.
Kimco appoints new CEO to its board of directors
New Hyde Park, N.Y. -- Kimco Realty Corp. announced that Conor C. Flynn, president and CEO, has been appointed to the company’s board of directors effective January 1, 2016, simultaneous with his elevation to the CEO role. Flynn succeeds David B. Henry who retired as vice chairman of the board of directors and CEO on January 1, 2016.

X Team partners complete sale-leaseback transactions for three Melrose Family Fashions locations

Salt Lake City -- X Team International, an international alliance of retail real estate advisors, announced that partners Mountain West Retail and Investment, Dunbar Commercial and Endeavor Real Estate Group, completed three sale-leaseback transactions to Capview Partners for Melrose Family Fashions totaling 32,160 sq. ft. The Melrose Family Fashions stores included in the transaction are located in three Texas cities: Laredo, Odessa and Rio Grande City.
Major overhaul planned for game store

Nintendo World in Rockefeller Plaza in New York City is getting a big upgrade.

The two-level store, which opened in 2005, will temporarily close on Jan. 10, and then reopen on Feb. 19, with a new look and a new feel. The overhaul will include an updated interior design, new demo units for Wii U and Nintendo 3DS, a 15-ft. gaming screen and more fun elements.

In addition, a large bronze coin installed at the store entrance will display the store’s tagline: “Where everyone comes to play.”
Mid-America secures three new retail leases at Orland Park Crossing

Oakbrook Terrace, Ill. -- Mid-America Asset Management announced that the firm recently secured three new retail leases on behalf of Orland Park Crossing located in Orland Park, Illinois. Orland Park Crossing is a 107,371-sq. ft. lifestyle center featuring tenants White House | Black Market, Talbots, Charles Schwab, Ann Taylor, Charming Charlie and more.
Major Renovations completed at Goshen Plaza

Gaithersburg, Md. -- Elion Partners announced it has completed capital improvements for Goshen Plaza in Gaithersburg, Maryland. The 45,654 sq. ft., CVS-anchored shopping center has undergone upgrades to its exterior, landscaping and parking lots.

“Our goal is to increase visibility and enhance the customer’s experience while at Goshen Plaza,” said Juan DeAngulo, managing principal, Elion Partners. “The capital improvement project ensures Goshen Plaza will remain a top community destination for years to come.
PREIT announces Ron Rubin will step down as executive chairman

Philadelphia -- PREIT announced that Ron Rubin will step down as the company's executive chairman, a role he's held since 2012, effective June 7, 2016. Rubin will continue in his role as chairman of the board.
Taubman and Macerich to Acquire Country Club Plaza

Kansas City, Mo. -- Taubman Centers and The Macerich Company announced an agreement to purchase Country Club Plaza located in Kansas City, Missouri, from Highwoods Properties. Taubman and Macerich will each have a 50% interest in the center, which will be jointly managed by both companies. The mixed-use retail and office property was purchased for $660 million cash, excluding transaction costs. Concurrent with or shortly after closing, a long-term, fixed-rate loan for 50%-60% of the purchase price is expected to be placed on the asset.
CBRE hires international urban and high street retail expert

Los Angeles -- CBRE Group announced that Andrew Turf, a high street luxury retail real estate expert, will join the company’s Retail Services team as senior VP. Turf will also act as tenant representative on the West Coast and beyond and collaborate with capital markets teams on a variety of real estate projects.
Home fitness equipment giant enters retail arena

Nautilus is getting up close and personal with shoppers.

The maker of Bowflex, Universal and other exercise equipment brands has opened its first-ever retail store, The Nautilus Shop, at its headquarters in Vancouver.

The roughly 3,000 -sq.-ft. space is designed to create an environment that supports engagement between customers and products, as well as the development of new concepts for the company’s retail partners.