Boca Raton, Fla. — Boca Raton, Fla.-based Office Depot Inc. (NASDAQ: ODP) announced Wednesday that the company plans to close an additional 300 stores over the next three years in an attempt to cut $250 million in costs by 2018.
Dallas — Dallas-based The Dealey Group has tapped Jesse Tron as head of communications to run the company’s new practice for corporate communications and PR.
Leawood, Kan. — AMC Theatres (NYSE: AMC) has entered into a definitive agreement to acquire the largest theatre exhibitor in Europe, London-based Odeon & UCI Cinemas Group, from private equity firm Terra Firma in a transaction valued at approximately £921 million or $1.2 billion.
Beachwood, Ohio — Beachwood-based DDR Corp. has named Thomas August president and CEO.
Los Angeles — Peter Lowy, co-CEO of Westfield Corp., the Australia-based shopping center owner and operator that has its U.S. headquarters in Los Angeles, has been named to the U.S. Department of Commerce’s newly established U.S. Investment Advisory Council (IAC).
Memphis, Tenn. — Memphis-based Poag Shopping Centers will manage four outdoor lifestyle centers located in Georgia and Florida.
New York and Los Angeles — NorthStar Asset Management Group Inc. (NYSE: NSAM), Colony Capital Inc. (NYSE: CLNY) and NorthStar Realty Finance Corp. (NYSE: NRF) have entered into a definitive merger agreement under which the companies will combine in an all-stock merger to create a diversified global equity REIT with a total capitalization of $17 billion.
Chicago — Chicago-based @properties has hired Michael Richwine as senior commercial broker.
Englewood, Colo. — Englewood-based Sports Authority Inc. has announced that it will close the doors to all 463 of its locations by the end of August.
New York City — New York REIT (NYSE: NYRT) has agreed to acquire all properties of JBG Cos. and some of its private funds, creating an $8.4 billion real estate investment trust (REIT) named JBG Realty Trust.