Didja hear...?
Albertson’s parent company, Supervalu,
sold 34 stores to UT-based Associated Food Stores (AFS) in November all
of which have been converted to its Fresh Market banner; AFS also owns 22
stores operating under the Macey’s, Dan’s, Lin’s, and
Dick’s Market banners...Jullian Wells has be named vice president of
Encore Equities, LLC, a subsidiary of Dallas, TX-based Encore
Enterprises, Inc; previously, Wells was with Valquest Equity Partners...In
an effort to up its competition with The Men’s Wearhouse Inc, Jos. A.
Bank Clothiers will enter the tuxedo rental business, rolling out a test
initiative in about 5% of its stores and then expanding it to more than half of
the firm’s 474 locations...Macy’s Inc, which operates about 850
department stores in 49 states and DC, will close five underperforming stores in
Boise, ID; Waterford, MI; St. Ann, MO; Missoula, MT; and Burlington, NJ...Jeremy
Rollison has joined the Retail Team at Tradd Commercial, focusing on
site selection and tenant/investor targeting...Horizon Group Properties, Inc
has sold minority interest in the entities that own five of its out centers to
Bright Horizons of South Florida, LLC; the properties are in Burlington,
WA; El Paso, TX; Fremont, IN; Gettysburg, PA; and Oshkosh, WI...Wal-Mart
Stores Inc will sell 10 of its underperforming Sam’s Club stores
including 4 in CA and other stores in the Houston, TX, and Phoenix, AZ,
markets...Having recently taken over outlet-center owner Prime Outlets
and in an effort to position itself to take over General Growth Properties
Inc, which owns 200 U.S. malls and is attempting to exit Chapter 11
bankruptcy protection next year, Simon Property Group (SPG) Inc has
unveiled a tender offer to buy back in cash up to $3.25 billion in 10 different
series of notes; SPG is the largest U.S. mall owner by number of properties,
with 323 properties...Capmark Financial Group has filed in Maricopa
County Court to foreclose on the first phase of The Related Cos and
Thomas J. Klutznick Co’s CityNorth project due to default on a $290.5
million loan; the initial phase of the project, called High Street,
includes 175,000 sq. ft. of shops, 330,000 sq. ft. of offices and 99 apartments;
a second phase was to have included Nordstrom and Bloomingdales...As
Stiles Realty expands its services for SW Florida shopping centers
owners, Salli Jones-Doyon has joined the firm as a Naples-based retail
leasing agent; previously Jones-Doyon was with Colliers Arnold...In a continuing effort to improve its operation, Foot
Locker said it will close 117 stores and combine its Lady Foot Locker
chain with its three other brands, including Kids Foot Locker and
Footaction…Real estate companies, Colliers Turly Martin Tucker, Cassidy &
Pinkard Colliers, Colliers Pinkard, Colliers ABR, BT Commercial in Northern
CA, BRE Commercial in Southern, CA, BRE Commercial in AZ, and
Colliers Houston & Co of NJ, have merged to form a new entity called
Cassidy Turley...Under a major restructuring by its owner, Movie Gallery
Inc (MG), Hollywood Video could close some 1,000 stores; MG is
carrying about $600 million in debt while it struggles with mail- and
internet-delivered movie businesses and video vending machines operated by
Redbox...Voit Real Estate Services has hired Ryan Moore as a
senior associate; previously, Moore was with Lee & Associates...Boston,
MA-based Uno Restaurant Holdings Corp files for Chapter 11 bankruptcy
protection in an attempt to contril its debt of $142 million...Australian and U.S. mall property owner Centro
Properties has announced that the non-executive director Robert Tsenin
would take over from outgoing chief executive, Glenn Rufranto...Furthermore,
the company has promoted Edward Ciano, who has been with the company
since ‘05, to VP-property
management, Mid-Atlantic region...In an effort to appeal to both upscale and
down-market customers, Johnny Rockets is introducing a sports bar, a
fast-casual concept and a mobile kitchen variant; the company currently operates
280 locations in 29 states and 11 countries...Tucker Development Corp has
announced the promotion of Rob Clark to VP of development and Jeff
Glenner to development director.