Bentonville, Ark. — Bentonville-based Wal-mart Stores Inc. is set to close 269 stores in the U.S. and globally.
Irvine, Calif. — With online real estate transactions becoming increasingly competitive, Auction.com is rebranding as Ten-X and will expand its platform in the coming months to include options that will give sellers the choice of executing transactions using an online auction or a non-auction process online.
Santa Monica, Calif. — Santa Monica-based Main + Main has named Mike Clark executive director.
Los Angeles — Newmark Grubb Knight Frank (NGKF) has added eight professionals to comprise the firm’s retail brokerage team specializing in the sale and leasing of suburban retail product in Southern California and the western region.
Los Angeles — Los Angeles-based CBRE Group Inc. has named Andrew Turf the company’s retail services team senior vice president.
Leawood, Kan. — AMC Entertainment Holdings Inc. (NYSE: AMC), a movie theater chain based in Leawood, has completed its acquisition of Starplex Cinemas for approximately $175 million.
Northbrook, Ill. — Northbrook-based Pine Tree Commercial Realty has completed $670 million in retail real estate acquisitions over 24 months, and has hired seven.
Oak Brook, Ill. — Inland Real Estate Corp. (NYSE: IRC) has entered into a definitive agreement to be acquired by real estate funds managed by New York City-based DRA Advisors LLC (DRA) for approximately $2.3 billion, including the assumption of existing debt.
Oak Brook, Ill. — Oak Brook-based InvenTrust Properties Corp. has named Lance Billingsley senior vice president of leasing.
Calabasas, Calif. — Calabasas-based Marcus & Millichap has named seven agents to the position of first vice president investments.