+1 (216) 401-7533

BREAKING: Macy’s Adds Real Estate CEO to Board to Help With Property Plans

NEW YORK — Macy’s Inc. named Four Corners Property Trust Inc. Chief Executive Officer Bill Lenehan to its board, adding a real estate expert to help the company determine the future of its properties.


Lenehan, 39, will join the board on April 1, the Cincinnati-based company said in a statement on Tuesday. Lenehan, who became CEO of Four Corners last year, has previously worked at such firms as MI Development and Farallon Capital Management LLC.

Macy’s is looking to sell portions of its flagship stores in Manhattan, San Francisco, Chicago, and Minneapolis, in addition to mall-based properties. Tishman Speyer, a real estate building and operating company, is interested in taking stakes in the locations, and Macy’s has been searching for a real estate executive to oversee the effort. Some investors have urged the department-store chain to go further and form a real estate investment trust (REIT); however, Macy’s has rejected the REIT idea.

Real estate is “an important area of activity as we work to create shareholder value through joint ventures or other partnerships related to Macy’s flagship stores and mall properties,” Macy’s CEO Terry Lundgren said in the statement. “Bill’s perspective is rooted in his real estate experience in a variety of industry sectors, including net lease, restaurants, mall, office, residential, and mixed-use.”

Activist investor Starboard Capital, which has been pushing for Macy’s to better capitalize on its properties since July, said the retailer’s real estate is worth $21 billion. That’s more than the company’s current enterprise value. Another investor, Greenlight Capital’s David Einhorn, has said he could see a private equity firm teaming up with a REIT to buy the company.


Blog Comments

how can i get ivermectin stromectol 12 mg tablets stromectol tablets for humans

clomid tablets for sale buy clomid buy clomid 50mg

sildenafil 100 mg viagra tablets for men viagra tablets for men

generic tadalafil 20mg india cialis from india tadalafil 10mg price

sildenafil sildenafil sildenafil 20 mg

clomid for sale clomid tablets for sale buy clomid 50mg

prescribing stromectol stromectol for sale stromectol for sale

cheap generic drugs from india reputable online pharmacies in india india pharmacy without dr prescriptions

stromectol for sale stromectol for sale stromectol pills for humans

new treatments for ed treatment of ed drugs for ed

compare ed drugs what is the best ed pill online ed pills

ed prescription drugs cat antibiotics without pet prescription how to get prescription drugs without doctor

buy prescription drugs online without buy prescription drugs without doctor online prescription for ed meds

ivermectin side effects scabies where can i get ivermectin ivermectin for heartworm

canadian pharmacy online buy prescription drugs online legally ed meds online without doctor prescription

ivermectin cream for scabies ivermectin tablets uk edenbridge ivermectin

cost of prednisone order prednisone buy prednisone 10 mg

cialis cheap free shipping cialis 20 mg best price ver to bay cialis 20mg

prednisone over the counter uk order prednisone where can i get prednisone over the counter

cheap erectile dysfunction otc ed drugs best over the counter ed pills

prednisone 1 mg tablet buy prednisone online cost of prednisone 5mg tablets

cheap medication medications for ed over the counter ed medication

[url=http://cheapdrugs.store/#]home remedies for ed[/url]

apo prednisone prednisone 5 mg tablet rx prednisone 10mg for sale

prednisone 20mg nz how can i order prednisone prednisone online pharmacy

prednisone for cheap buy prednisone online uk drug prices prednisone

[url=http://cheapdrugs.store/#]erectile dysfunction medications[/url]

ivermectin river blindness durvet ivermectin paste equine dewormer topical ivermectin for humans

ivermectin applicator gun giving ivermectin to heartworm positive dog does ivermectin go bad

viagra without a doctor prescription men with ed ed cures that work

how to cure ed pharmacy drugs treatment of ed

prescription drugs canadian online pharmacy ed products

best ed treatment ed pills that work natural ed drugs

discount prescription drugs mens ed pills how to overcome ed

online canadian drugstore soma therapy ed erectyle dysfunction

clomid tablets clomid estrogen clomid medication

psychological ed treatment erectile dysfunction treatments ed meds pills drugs

buy doxycycline 100mg cheap how to get doxycycline doxycycline 100 mg cap over the counter

10 mg prednisone tablets prednisone 5mg capsules prednisone steroids

antibiotic amoxicillin amoxicillin 500mg capsule cheap amoxicillin 500mg

cheap doxycycline 100mg doxycycline pharmacy uk doxycycline 200mg price

cialis on ebay what is the active ingredient in cialis viagra and cialis discount

viagra sampleviagra cialis cialis generic 20 mg 30 pills cialis 20 mg sell

mebendazole vs ivermectin ivermectin dose for humans stromectol cost

how to use ivermectin pour on for cattle ivermectin 10 mg how fast does ivermectin work

cialis/dapoxetine cialis online canada paypal cialis paypal accepted

cialis without perscription canada pharmacy cialis legal purchase cialis vs levitra vs viagra which one is better

pomegranate juice and viagra together how to get viagra prescription where to buy generic viagra

what happens if a girl takes viagra generic viagra online for sale get viagra prescription online

generic viagra from canada can you get viagra over the counter does viagra make your dick bigger

how to take viagra with water or milk viagra over the counter walgreens does viagra make you bigger than normal

Amazing! This article was exactly what I was seeking!

child porn videos payday https://mobile.twitter.com/nasonlyfans child porn tube

Thanks again for the article.Thanks Again. Much obliged.

This is one awesome article.Thanks Again. Fantastic.

Thank you for your blog.Really looking forward to read more. Really Great.

kzilkpymr dgbyh yyihman mail hkygffckptjgljn

Add a comment

*Please complete all fields correctly

Related Blogs

Posted by Liesel Schmader |
Part III: How Peers Can Learn from Rent the Runway
Timeless Trademark ™ continues its five-part series revolving around Rent the Runway. Today, we discuss how rental startups can learn from Rent the Runway's logistics fiasco.
Posted by Liesel Schmader |
Part II: The Importance of Logistics
Timeless Trademark ™ continues its five-part series revolving around Rent the Runway. Today, we discuss the importance of logistics.
Posted by Liesel Schmader |
Bye Bye Barneys
After three months of drama, Barneys New York has been sold to Authentic Brands Group.