Erica Bazzano, The Hutensky Group's corporate accounting and risk manager, received the first ICSC Barry M. Davis Memorial Next General Educational Scholarship at ICSC's New York Idea Exchange &Making conference in December. The scholarship, established to honor the legacy of ICSC's former divisional chairman for government relations, provides funding for Bazzano to attend Level I and II of the organization's John T. Riordan School for Professional Development.
Gap Inc. founder and chairman Donald Fisher said he plans to retire next May after 35 years, and will give the job to his 49-year-old son Robert Fisher, Gap's current chief executive. The elder Fisher, who will take the titles of founder and chairman emeritus, plans to stand for re-election as a director next spring and advise his son on corporate strategy.
Golub & Co., Starwood and IDM are developing Scottsdale Waterfront, a $250 million mixed-use development that will include residential condominiums, officespace and a museum. The 930,000-square-foot project will be adjacent to the Arizona Canal, linking high-end Scottsdale Fashion Square with existing restaurants and Old West shops. Grand opening is scheduled for spring 2004.
Equity One recently paid $14.1 million for the Market at BridgeMill, a 78,654-square-foot neighborhood shopping center in Canton, Ga., northeast of Atlanta. The three-year-old center, anchored by a 37,888-square-foot Publix, is situated on 13.5 acres at the intersection of Bells Ferry Road and Sixes Road.
Wattson Breevast, a Newport Beach, Calif.-based developer, sold Firecreek Crossing, a 750,000-square-foot power center in Reno, Nev., to American Assets Real Estate Group of San Diego for $60 million. The seven-year-old center is anchored by Wal-Mart, Circuit City, TJ Maxx and Old Navy. CB Richard Ellis represented both parties during the transaction.
Nevin Danziger joined New York-based Robert K. Futterman & Associates as its new senior director. Prior to RFK, he served as president of Danziger Real Estate Co. for more than eight years. Danziger has placed a number of retail companies in flagship Manhattan stores, such as General Nutrition Center, Swatch Fifth Avenue, Express and Straight from the Crate.
Inland Retail Real Estate Trust recently paid $123.5 million for more than 750,000 square feet of retail space on the Waterfront in Homestead, Penn., including the Market on the Waterfront and Waterfront Town Center, all owned by Columbus-Ohio-based Continental Real Estate Companies. Oak Brook, Ill.-based Inland also bought two community shopping centers from Continental in Ohio and Virginia, for a total of $46.1 million.
The Central & Eastern European Real Estate Quality Awards will give Eugene Golub, founder and chairman of-based Golub & Co., the 2003 Lifetime Achievement Award this month for his efforts in private real estate development in the former Eastern Bloc.
General Growth Properties acquired the Foothills Mall and two adjacent retail properties in Fort Collins, Colo., totaling 802,240 square feet, for $221 million. The Sears and JCPenney-anchored mall, along with the Shops and the Commons retail strips, is expected to generate approximately $19.7 million of net operating income in 2004.