Sears Hires New Real Estate Exec

Less than a month after Sears Holdings signed a deal to sell 11 of its anchor pads to General Growth Properties , the company has brought in a new president of real estate development . David Lukes spent the past two years as president of Mall Properties Inc., but before that he was also a COO at Kimco Realty Corp. and director of development at Myers Development Company, according to his LinkedIn profile . According to comments made by Sears CEO Lou D’Ambrosio : Historically, Sears has selectively realized value