News
Economy Watch: Poverty Rate, PPI
The U.S. official poverty rate dropped in 2013, but that doesn’t mean fewer people are living in poverty. The Producer Price Index for final demand, which tracks wholesale prices, was unchanged in August, reflecting a mix of increases and decreases.
Economy Watch Weekly: Retail Performance
CPE economics editor Dees Stribling offers his summary of U.S. economic performance in the week ending Sept. 12, 2014, with a focus on the retail sector.
BREAKING NEWS: Washington Prime Group to Acquire Glimcher for $4.3B
The combined portfolio would have 119 retail properties with approximately 68 million square feet of gross leaseable area.
RW Kline Breakup Creates CMBS Shop for Cushman & Wakefield
RW Kline Cos., of Scottsdale, Ariz., has been sold and split into three pieces, and one of those parts will find a new home at Cushman & Wakefield Inc. as North America’s largest CMBS debt restructuring practice.
PM Realty Group Brings M-F Management Services In-House
The diversified service firm has brought property management under its own roof and tapped former Omnium Management Co. executive Joan Maxwell to lead its expansion.
Publix Supermarket Takes Over 63KSF at Cherry Road Crossing
Los Angeles-based Westwood Financial Corp. (WFC), one of the largest privately held owner-operators of retail properties in the U.S., has announced signing Publix Super Markets as the new anchor tenant at the Cherry Road Crossing retail center.
Economy Watch: Global Forecast from OECD; Fed Reports on U.S. Industrial Production
Growth projections vary widely for the U.S., euro zone and emerging economies; industrial production dipped in August, according to the Federal Reserve.
INTERNATIONAL: Kempinski Plans November Debut for Luxury Hotel in Myanmar’s Capital
Europe’s oldest luxury hotel group, Kempinski Hotels, will open its first property in Myanmar on Nov. 1.
Neiman Marcus’ Planned NYC Debut Marks a Retail Milestone, Insiders Say
The Dalas-based luxury retailer is the latest high-profile addition to the retail roster at Related Cos.’17 million-square-foot mixed-use project on Manhattan’s West Side.
DLA Piper Summit Special Report: Private Investors Detail New Directions, Tough Competition
Top private equity executives who spoke at DLA Piper’s 12th Real Estate Summit in Chicago last week had ample good news to share about prospects for investment, but tempered the mostly upbeat tone with notes of caution.