Satya Inc. has acquired seven shopping centers in the Houston region from Kagan Realty Investors for an undisclosed price. The centers, which total 213,600 square feet, include Friendswood Village, Bellcrest Shops, Cranbrook Plaza, Williamsburg Shopping Center, Park 45 Center, Louetta Point and Champion Forest Louetta.
BJ's Wholesale Club named Laura Sen as its chief executive, effective Feb. 1. Sen, previously president and chief operating officer, will replace Herb Zarkin, who will stay on as chairman of the board.
Concordia Realty Management is planning a $10 million redevelopment of its Cermak Plaza Shopping Center in Berwyn, Ill. Tenants, including Walgreens and Marshalls, are expanding, and the company is improving signage and the parking lot.
This year, retailers are competing with one another by offering incentives that go beyond just discounts. New York City's Rosie Pope Maternity is wooing pregnant customers with free limo rides to the store. Gap is one of the retailers offering its employee discount to all customers.
A new television ad from The International Council of Shopping Centers is reminding holiday shoppers that buying from stores, rather than online, is good for the local economy. The campaign is the biggest consumer-targeted effort the group has ever undertaken.