Menomonee Falls, Wis. — Menomonee Falls-based Kohl’s Corp. (NYSE: KSS) is set to close 18 underperforming stores during 2016, according to the company’s fourth-quarter earnings report released Feb. 25.
Englewood, Colo. — Facing stiff competition on the retail playing field, particularly online, Englewood-based Sports Authority Inc. announced today that it has filed for Chapter 11 bankruptcy protection.
New York City — New York City-based Rouse Properties Inc. (NYSE: RSE) has entered into a definitive agreement to be acquired by an affiliate of Brookfield Asset Management Inc. for $18.25 per share in an all-cash transaction valued at approximately $2.8 billion.
El Segundo, Calif.— El Segundo-based Matthews Real Estate Investment Services has named El Warner national director of shopping center business.
Los Angeles — Los Angeles-based fashion retailer American Apparel has emerged from chapter 11 as a private company after successfully implementing its plan of reorganization, approved by the Delaware bankruptcy court in late January.
New York City — Following the resignation of CEO Michael Carroll, New York City-based Brixmor Property Group Inc. has named Daniel Hurwitz interim CEO effective Monday, February 8.
Charlotte, N.C. — The Retail Brokers Network (RBN), a national network of retail real estate brokers, has selected Debbie Currier as its new president.
Tarrytown, N.Y. — Tarrytown-based DLC Management Corp. has named Daniel Taub president and promoted seven.
Fort Worth, Texas — Fort Worth-based Trademark Property Co. has named Phil Pearson senior vice president of leasing.
New York City — Brookfield Asset Management Inc. has made an unsolicited offer to buy the majority stake of mall owner Rouse Properties Inc. that it doesn’t already own for $17 in cash per share, or approximately $657 million.