Colonial Properties Trust is developing a 450,000-square-foot lifestyle center known as Colonial Pinnacle at Tutwiler Farm in Birmingham, Ala. The center is slated for an October 2006 opening. Located at the intersection of Interstate 59 and Interstate 459, the center will be anchored by Belk, Parisian, JC Penney and Best Buy. The property is adjacent to another Colonial property, the Colonial Promenade at Tutwiler Farm, which is anchored by Home Depot and Super Target.
General Growth Properties Inc. has promoted Jeff Dinsmore to vice president of development in Hawaii. General Growth also promoted Catherine Loy to regional vice president of business development for GGP Hawaii. Loy started working for General Growth in 1999 when she was hired as the marketing director at Market Place Mall in Champaign, Ill.
Mervyn's has named Rick Leto president and chief merchandising officer. Leto previously worked as president and merchandising officer of Galyans Trading Co. He has more than 30 years of experience in the retail and apparel industry and has held positions at Kohl's and Macy's East.
99 Cents Only Stores hired James Ritter as executive vice president and chief financial officer. Ritter replaces Andrew Farina, who becomes corporate treasurer. Ritter was previously executive vice president, chief financial officer and chief administrative officer for Los Angeles-based supermarket chain Bristol Farms, which was recently bought by Albertson's.
Amera Broward Central, a subsidiary of Amera Corp., has signed an agreement with the city of Lauderhill, Fla., to build the $100 million dollar “Carishoca — A Caribbean Village.” The center is expected to house the counsel generals of several Caribbean nations as well as restaurants and entertainment facilities. The center also will have a hotel, office building and trade exhibition hall.
Houston-based REIT Weingarten Realty Investors promoted Stephen C. Richter (left) to executive vice president/chief financial officer from senior vice president. The company also promoted Johnny L. Hendrix to executive vice president of asset management from senior vice president, director of leasing. Scott Morway was named vice president/regional director of new development.
Troubled Specialty retailer Wet Seal Inc. named Joel Waller chief executive officer effective Feb. 1. Waller, who was chairman of Wilsons the Leather Experts Inc., has more than 27 years in the business. He replaces Joseph Deckop, who served as interim CEO starting this past November. Deckop will remain in the company at his previous position of executive vice president.
Monty Standifer has joined Dallas-based Gadzook's as executive vice president and chief financial officer. Standifer has worked in financial management for RadioShack and BizMart Office Products and was executive vice president of Buffet Partners, operators of the Furr's Restaurants chain throughout the southwest.
South Florida developers Principle Properties has broken ground on its new 50,000 square foot project: The Shoppes of Blue Lake in Boca Raton, Fla. Scheduled to open in spring 2005, the site should draw shoppers and diners from the adjacent corporate center. A shuttle bus service will transport passengers to and from the nearby Tri-Rail station.
Milwaukee-based, real estate company Ogden & Co. has hired Gordon Steimle as vice president of commercial brokerage. Steimle was a vice president at Polacheck Property Management Corp. and managed regional shopping malls for the Richard E. Jacobs Group.
Macerich Co. has hired Howard Kozloff as a development manager for its real estate services department. Kozloff will start working on the company's outdoor expansion at Fresno Fashion Fair as well as development at four other California properties. He was a previously a project manager for the BRV Corp., a New York-based consulting firm for urban redevelopment.