REAL ESTATE

Virginia Beach, Va. — Divaris Real Estate has named Read F. Goode, Jr. to the post of managing broker of its Richmond, Va., office. Goode will focus on commercial sales and leasing services, land and shopping center acquisition and development.

Goode has more than two decades of brokerage and commercial development experience throughout central Virginia. He joins Divaris from S.L. Nusbaum Realty Co. where he specialized in commercial land development and sales.

Virginia Beach, Va. — Lowe’s Home Center has sold a 13.5-acre property to a private developer based in Virginia Beach for $9 million. Divaris Real Estate represented the seller, Lowe’s, in the transaction. Located one mile north of The Town Center of Virginia Beach, was once a neighborhood grocery-anchored shopping center. Lowe’s Home Center purchased the property in 2007, clearing and preparing it for future development. The new buyer plans to build another shopping center or mixed-use development on the site.

Toward the end of January, the Wall Street Journal reported that Wal-Mart has given itself two years to match the online service and delivery speed of Amazon.com.

In an interview at the World Economic forum in Davos, Switzerland, Neil Ashe, Wal-Mart’s global e-commerce CEO told Journal reporter Dennis Berman was building new warehouses across the country dedicated to handling online orders.

New York — Industry veteran Thomas has Kornitzer officially joined Winick Realty Group N.J., where he will serve as senior director in the company’s Cranford, N.J., office. Kornitzer will direct both landlord and tenant accounts, specifically working with such exclusive clients as Safeguard Self Storage, Pep Boys and Wendy’s.

San Bernardino, Calif. -- Stater Bros. Markets has appointed Michael Reed to the position of senior director real estate.

Reed has over 13 years of retail real estate experience and has held various leadership positions with other retailers. He most recently served as real estate store development manager for Starbucks and was responsible for growing the company’s Mid-West and Western Mountain Regions.  

New York — Crunch Fitness has opened a 20,000-sq.-ft. location at the Moreno Valley Mall in Moreno Valley, Calif. Crunch Fitness’s neighbors include Harkins Theatres, Round 1, Victoria’s Secret, Zales, Aeropostale, Express, Footlocker, Forever 21, Hollister, The Children’s Place and New York & Co.

Macy’s, J.C. Penney and Sears anchor the center.

Los Angeles – A store called “Dumb Starbucks,” with no affiliation with the actual Starbucks chain, has reportedly opened in Los Angeles. According to the Wall Street Journal, the store opened, offering free coffee, on Saturday, Feb. 8.

Burlington, Mass. — The investment sales team at KeyPoint Partners has completed the sale of eight properties throughout New England. Totaling about 440,000 sq. ft., the properties consist of shopping centers, mixed-use and single-tenant buildings in Massachusetts, Rhode Island, New Hampshire and Connecticut. The aggregate price of the properties was in excess of $30 million. The properties include:

• Shaw’s Plaza, a 121,660-sq.-ft. shopping center in Providence, R.I.