New York – In an effort to drive growth and increase profits, locally based Estee Lauder Co. will close 86 of its 170 Tommy Hilfiger fragrance shops in the United States. The cosmetics and beauty-product maker also plans to retool its computer...
TORONTO – TrizecHahn Corp. is reorganizing its corporate structure and consolidating its United States and Canadian operations in an effort to increase shareholder returns and improve efficiency. Nineteen senior management executive positions and...
After she invested 32 years in Chicago-based American Invsco, a condominium development firm she co-founded with her brother, Evangeline Gouletas has resigned as co-chairman of the company to pursue a new business venture, Skyline Equities Realty...
LAS VEGAS — Homogenization is what ails the shopping center industry today, according to Gordon Segal, founder and CEO of Crate and Barrel, who shared his company’s success story at the ICSC Spring Convention held here May 20-23. And at the root...
Leases often provide that a landlord has agreed to give a tenant an improvement allowance (Allowance) for enhancements to be made to the leased premises. However, because leases often fail to describe who owns those improvements to be paid for by...
Edgewater, N.J. – Locally based Starwood-Heller LLC is developing the final phase of The Promenade, a $75 million mixed-use community located in Edgewater. When completed next year, the complex will include 160,000 sq. ft. of retail space, 325...
City of Industry, Calif. – Locally based Puente Hills Mall is in the final phase of a four-year redevelopment project that is slated for completion by Spring 2002. The final phase includes the addition of two large format retailers, several family...
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...
There are a variety of net leases, one of which is a double net lease. The double net lease is a lease in which the tenant is responsible for the majority of all expenses, excluding roof and structure, while the landlord may be responsible for...