San Diego — Ed Colson Jr. and Michael Campbell have opened InvestCore Commercial, a boutique investment advisory firm focused on net leased investments. The new office is located at 3910 West Point Loma in San Diego.
New York — Ryan Guheen has joined Brixmor Property Group as senior vice president, redevelopment and strategic leasing.
Cincinnati – Phillips Edison & Co. (PECO) will separate its strategic investment and net lease investment business units from its grocery-anchored shopping center business. The new standalone company will be called PECO Real Estate Partners (PREP).
Peoria, Ill. — Cullinan Properties Ltd. has hired Scott Fitzgerald as vice president of leasing and development. Fitzgerald brings 15 years of leasing, development, property management and accounting experience to the Cullinan team.
Chicago — Envoy Net Lease Partners LLC has created a new lending program that provides up to 100 percent loan-to-cost financing for developers, retail and restaurant companies involved in ground lease developments, up to $4 million per property.
Livingston, N.J. — The Village at Livingston in Livingston will be rebranded and renamed The Shoppes at the Livingston Circle.
Vienna, Va. — Rosenthal Properties has hired John Zuk as its director of property management.
Salt Lake City — Phillips Edison & Co. has appointed Robert Steenblik to the position of vice president and assistant general counsel.
Bloomfield Hills, Mich. — A. Alfred Taubman, founder of Taubman Centers, died Friday, April 17 at his home in Michigan, aged 91.
Chicago and Hoffman Estates, Ill. — Sears Holdings Corp. and General Growth Properties Inc. have entered into a real estate joint venture under which Sears Holdings has contributed 12 of its properties located at GGP-owned malls for approximately $330 million.