Designated Selling Associate

Best Buy picks Nordstrom alum for CFO. Anne Bramman succeeds Matt Bilunas, who left the retailer last month after serving as its finance chief for seven years. Published Aug. 4, 2026 Dive brief: * Best Buy appointed retail industry veteran and former Nordstrom CFO Anne Bramman, 58, as its next finance chief, effective Aug. 19, according to a Monday press release. * The Minneapolis-based consumer technology retailer's previous long-time CFO Matt Bilunas left the company on July 31 and CEO Corie Barry has taken on the additional role of interim CFO until Bramman arrives. The company is also getting a new CEO in November when Best Buy Chief Customer, Product and Fulfillment Officer Jason Bonfig is poised to succeed Barry. * "Overall, we like this hiring," Telsey Advisory Group analysts led by Joseph Feldman said in a Tuesday note, calling her an effective and "seasoned" consumer finance executive. "It pairs incoming CEO Bonfig with a consumer and retail expert who has financial and operational experience. And, importantly, she brings fresh perspective from outside the company." Dive insight: While Best Buy has seen revenue slow in recent years, incoming CEO Bonfig's vision includes expanding Best Buy's reach in a number of ways including opening more medium and small-format stores and growing through secondary business such as advertising, CFO Dive sister publication Retail Dive reported. In its note Telsey maintained its "outperform rating" on Best Buy and raised its 12-month price target to $95 from $90. "We believe Best Buy continues to execute well and maintain/gain market share in consumer electronics, based on its ability to introduce newness, leverage its scale and vendor relationships, manage costs, and operate efficiently," the report states. Bramman has most recently worked as a senior adviser and executive coach at Boston Consulting Group, according to her LinkedIn profile. She peviously served as CFO of Circana, a consumer analytics company from June 2023 to August 2024. She also worked as finance chief of department store chain Nordstrom from June of 2017 to December of 2022. She was also finance chief of Avery Dennisson and Carnival Cruise Lines. At Best Buy, Bramman's compensation will include an annual base salary of $950,000, according to a company filing with the Securities and Exchange Commission. She will also get a sign-on cash award of $500,000 and a sign-on equity award valued at $1.25 million. "I've long admired Best Buy's ability to adapt, innovate and stay deeply connected to its customers," Bramman said in a statement in the release. "I'm thrilled to join the company and I look forward to working with Jason and the impressive Best Buy team to help accelerate growth and build an exciting future together."

Dick's buys vacant Nordstrom anchor at Christiana Mall in delaware. Dick's Sporting Goods has purchased the vacant Nordstrom anchor space at the Christiana Mall in Newark, Del. The sporting-goods retailer, headquartered in Coraopolis, Pa., paid $8.79 million, or July 31, 2026 Multi-Housing News Land & Apartments has paid $70 million, or $183,727/unit, for Villages at Lake Silvercote, a 381-unit apartment property in the St Louis suburb of Wentzville, Mo The St Louis investor bought the property, at 100 Dry Brook... July 30, 2026 Commercial Real Estate Direct Staff Report Vulcan Real Estate is said to have entered an agreement to sell Tower 1 at West Maine, a 364,868-square-foot office property in Bellevue, Wash, for $340 million, or $93184/sf The buyer is said to be... July 30, 2026 Puget Sound Business Journal Security Properties has paid $551 million, or $411,194/unit, for the 134-unit Langara Apartments in Issaquah, Wash, a city that's 17 miles east of Seattle The Seattle investment manager acquired the property from... July 30, 2026 Boston's One Marina Park Drive office building is said to be close to being sold for $435 million, or roughly $885/sf The 491,573-square-foot building, within the Fan Pier mixed-use complex in the city's Seaport District, is owned by... July 30, 2026 Washington Business Journal A venture of Garfield Investments and Broad Creek Capital has agreed to pay $262 million, or $13497/sf, for the 194,115-square-foot office property at 1667 K St NW in Washington, DC James Campbell Co of Kapolei, Hawaii,... July 30, 2026 Washington Business Journal Trinity Property Consultants has paid $845 million, or $239,376/unit, for The Rowan, a 353-unit apartment complex in Washington, DC The Irvine, Calif, multifamily owner acquired the 10-story property from its developer,... July 30, 2026 Puget Sound Business Journal Mesirow has paid $157 million, or $668,085/unit, for the 235-unit Island Square Apartments in Mercer Island, Wash, about five miles east of Seattle The Chicago investment manager acquired the property, at 2758 78th Ave... July 30, 2026 DivcoWest has completed its purchase of a 475% stake in the 101 California St office building, with 125 million square feet in San Francisco's financial district The San Francisco investment manager bought the stake for a price that valued the... July 29, 2026 Philadelphia Business Journal Welltower has acquired Arbor Terrace Exton, an 88-unit seniors housing community in Exton, Pa, for $355 million, or $403,409/unit The Toledo, Ohio, REIT bought the property from a venture of Bain Capital and Capitol... Recent. July 31, 2026 * Transactions * CMBS * Exec Changes July 31, 2026

Luxury retailer Saks emerges from bankruptcy. John Brooke - July 21, 2026 NEW YORK, June 29 (Reuters) - Saks Global emerged from bankruptcy last week with fewer stores and a renewed focus on upscale luxury, as it looks to close a rocky chapter in its storied history. But the American department store conglomerate now faces its next battle: winning back customers in a strained luxury market and avoiding ending up back in court, a trend all too common among bankrupt brick-and-mortar retailers. Saks Global was formed through a debt-fueled merger in 2024 to encompass Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman - three mainstays of U.S. luxury fashion that have for more than a century connected American shoppers to exclusive brands. The original Saks Fifth Avenue store was opened by retail pioneer Andrew Saks in 1867. The company, now renamed Exemplar Luxury Group, filed for Chapter 11 bankruptcy in January after vendor payment delays and months of withheld inventory. Saks says it is on stronger financial footing after more than halving its store network to focus on its best-performing premium outlets, while largely abandoning its off-price stores. The streamlined strategy, the company says, will help it achieve its lofty financial targets, including revenue growth at a compound annual rate of 7% between fiscal years 2027 and 2030. To get there, it needs to woo back shoppers. Meanwhile, rivals Bloomingdale's and Nordstrom have jumped on Saks' troubles to bring in business. "The Saks-Neiman network has to start demonstrating positive sales," Cohen said. "Their forecasts for recovery are highly optimistic." The restructuring also slashed Saks' debt 75% to about $1.2 billion, wiped out Saks' shareholders including Amazon and handed control to its senior lenders. Leverage for essential brands. Saks' biggest luxury vendors already enjoyed a leg up throughout the bankruptcy proceedings, securing exclusive payouts for pre-bankruptcy claims while many smaller brands have been left with little recourse, according to four people with direct knowledge of the payments. The dynamic reflects the sway that leading luxury brands will continue to hold as Saks zeroes in on high-end retail. Saks also ended its e-commerce partnership with Amazon during the bankruptcy proceedings as part of its shift away from mass-market shopping. High-end designer and luxury is "the space that they understand best," said Gary Wassner, the CEO of Hilldun, a factoring firm that guarantees orders for about 180 Saks vendors. Jonathan Saven, the CEO of luxury women's fashion brand L'Agence, said he trusts Saks' new management team to operate the company successfully. Many smaller luxury brands, however, are poised to get the short end of the stick. One Saks vendor, who is owed at least $20,000 in unpaid invoices, said he has not recovered any of his pre-bankruptcy claims - and he has given up on the prospect of getting the money back. The company said nearly half of the vendors that were offered recovery on pre-petition claims were small and independent designers and brands. Saks is keeping hundreds of agreements that let vendors lease space in its department stores or retain control of their products until they are sold, court filings show. Now, some brands that do not yet have these so-called concession and consignment agreements are hoping to sign them, according to three sources familiar with vendors' plans. But it could tee up a fresh battle. Wholesale makes up 75% of Saks' business, a company spokesperson said - a model that "will account for an even larger share of our revenue going forward." The company said it "regularly" works with brands on joint strategies but will keep prioritizing wholesale. Concession and consignment deals could also further box out smaller and emerging brands. "It's not a fair system," said Thomai Serdari, a luxury brand strategist and marketing professor at New York University's Stern School of Business. "It favors brands that have more capital available."