Palo Alto, Calif. – Locally based Gyricon Media Inc., a provider of SmartPaper technology and retail signage solutions, formed a strategic partnership with New York based Thomson-Leeds, a provider of P.O.P. retail products, and Macy’s East for use...
New York – Moody’s Investors Service lowered the long- and short-term ratings of Plano, Texas-based J. C. Penney Co. Inc. The lowered ratings were based on the decline in credit fundamentals due to poor operating performance at Penney’s department...
Chicago – According to a survey conducted by Los Angeles-based CB Richard Ellis Inc., the vacancy rate for Chicago-area shopping centers increased nearly one point during the first quarter to 9 percent...
Houston – Locally based L.J. Melody & Co. arranged financing in the amount of $42 million for the Village on the Parkway shopping center located in Addison, Texas. The 388,000-sq.-ft. center is comprised of eight buildings situated on 32 acres...
Columbus, Ohio – Lane Bryant, a division of locally based The Limited Inc., named Steve Stickel as vice president, director of stores. He has more than 20 years of experience in the retail industry...
Cleveland – Locally based Forest City Finance Corp. appointed Judith Wolfe as president of the company. Wolfe will monitor changes and trends in the real estate capital markets. She also will lead the team responsible for identifying financial...
Old Bridge, N.J. – Locally based R.J. Brunelli & Co. recently conducted its 11th annual survey of the central New Jersey area. According to the survey, the vacancy rate in retail properties along central New Jersey’s four shopping corridors...
Ridgewood, N.J. – According to a national telephone survey of more than 1,000 consumers, locally based MOHR Learning found that more than 20 percent of customers walk out of a store without making a purchase and an equal number stop shopping there...