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CBRE Group, Inc. to provide property management services for CommonWealth REIT’s 42.9 million-sq.-ft. property portfolio

CBRE to Manage Nearly 43 Million Sq. Ft. in 31 Markets Los Angeles, 2014-6-24 — /EPR Retail News/ —  CBRE Group, Inc. (NYSE:CBG) today announced its appointment to provide property management services for CommonWealth REIT’s (NYSE: CWH) 42.9 million-sq.-ft. property portfolio, excluding properties classified as discontinued operations. CBRE’s appointment is targeted to take effect on or around October 1,…

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SM Supermalls wins the Platinum Reader’s Digest Trusted Brand Award for the Shopping Mall category in the Philippines for 2014

Pasay City, Philippines, 2014-6-9 — /EPR Retail News/ —  SM Supermalls clinched, for the second year, the Platinum Reader’s Digest Trusted Brand Award for the Shopping Mall category in the Philippines for 2014. As the ultimate seal of consumer approval, the Trusted Brand Award reflects SM Supermalls’ commitment to trustworthiness and credibility, quality, value, understanding of…

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CBRE Group Inc. named in FORTUNE 500 list of US’s largest companies for 7 years in a row

Los Angeles, 2014-6-4 — /EPR Retail News/ —  CBRE Group Inc. has been named to the FORTUNE 500 list of the largest U.S.-based companies for the seventh straight year. CBRE was the highest-ranked commercial real estate firm in the 2014 rankings and remains the only commercial real estate services firm ever included on this prestigious list. The…

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CBRE Group, Inc. recognized as top three outsourcing services provider in the world for 2014 according to IAOP Global Outsourcing 100©

CBRE Maintains Position as Top Commercial Real Estate Services Firm in IAOP Global Outsourcing 100 © ​Los Angeles, 2014-6-4 — /EPR Retail News/ —  CBRE Group, Inc. (NYSE:CBG) today announced that it has been recognized as a top three outsourcing services provider in the world for 2014, and is once again the highest-ranked commercial real estate services company,…

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SM Investments Corporation to issue US Dollar Bonds with maturity of up to ten years

Manila, Philippines, 2014-6-4 — /EPR Retail News/ —  SM Investments Corporation (SM) announced today that its Board of Directors approved the issuance of US Dollar Bonds with maturity of up to ten years. SM appointed Citi and Standard Chartered Bank as Joint Lead Managers and Joint Bookrunners. The offering is intended to be used for general…

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General Growth Properties CEO Sandeep Mathrani and CFO Michael Berman to present at NAREIT REITWeek 2014 investor conference on June 4

Chicago, Illinois, 2014-6-2 — /EPR Retail News/ —  General Growth Properties, Inc. (the "Company") (NYSE: GGP) today announced that Sandeep Mathrani, chief executive officer, and Michael Berman, chief financial officer, will present at the NAREIT REITWeek 2014 investor conference in New York on Wednesday, June 4, 2014 at 3:00 p.m. Eastern Time. The live audio-­only webcast will…

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General Growth Properties, Inc. released its 2014 Sustainability Report

Chicago, Illinois, 2014-5-30 — /EPR Retail News/ —   General Growth Properties, Inc. (“GGP”) (NYSE: GGP) today released its 2014 Sustainability Report. The report covers many of GGP’s significant achievements in Sustainability during the pastcalendar year and details GGP’s integrated approach to environmental and social responsibility. Click here for the 2014 GGP Sustainability Report. Highlights of the 2014 GGP…

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CBRE’s global corporate headquarters honored by the International Interior Design Associated (IIDA) at the 26th Annual Calibre Awards

Los Angeles, CA, 2014-5-28 — /EPR Retail News/ — CBRE’s global corporate headquarters in Downtown Los Angeles was honored by the International Interior Design Associated (IIDA) at the 26th Annual Calibre Awards. CBRE and Gensler, its architectural partner on the project, received the Work Medium award which recognizes the best office projects between 20,000 and 50,000 square…

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SM Investments Corporation sponsors the 23rd World Economic Forum on East Asia from May 21 to 23, 2014 in Manila

Pasay City, Philippines, 2014-5-19 — /EPR Retail News/ —   Philippine conglomerate SM Investments Corporation is a partner of the 23rd World Economic Forum on East Asia (WEF-EA) to be held from May 21 to 23, 2014 in Manila. Headquartered in Geneva, WEF is a private-led international institution that aims to improve the state of the world…

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General Growth Properties declares second quarter common stock dividend of $0.15 per share payable on July 31, 2014

Chicago, Illinois, 2014-5-16 — /EPR Retail News/ —  General Growth Properties, Inc. (NYSE: GGP, the “Company”) today announced its Board of Directors declared a second quarter common stock dividend of $0.15 per share payable on July 31, 2014, to stockholders of record on July 15, 2014. The Board of Directors also declared a quarterly dividend on…

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CBRE initiatives selected as finalists in 14th Annual Global Innovators Award Program by CoreNet Global

Los Angeles, 2014-5-15 — /EPR Retail News/ —  CoreNet Global has selected two CBRE Group, Inc. initiatives as finalists in its 14th Annual Global Innovators Award Program. The first initiative is the completion of world’s first WELL-certified commercial office in partnership with Delos Living at CBRE’s global headquarters.  The second is the development of a Volume Certification…

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Philippines: SM Investments Corporation reports PHP 6.24 Billion in Net Income in Q12014

Pasay City, Philippines, 2014-5-14 — /EPR Retail News/ — SM Investments Corporation (SM) reported that net income for the first three months reached PHP 6.24 billion from the PHP 7.42 billion reported during the same period last year. On a recurring basis, however, SM’s net income grew 11% from PHP5.61 billion. Underlying revenues also grew 12% from…

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CBRE Group welcomes Richard Barkham as the company’s Global Chief Economist

Los Angeles, 2014-5-13 — /EPR Retail News/ —  CBRE Group Inc. today announced that Richard Barkham, PhD, will join the company on June 16 as Global Chief Economist.  Dr. Barkham, a 16-year veteran of the real estate industry, will be based in London and will report to Nick Axford, PhD, CBRE’s Global Head of Research. “We are…

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CBRE honored with 11 national awards and named Best Property Consultancy at the 2014 Asia Pacific Property Awards

Hong Kong, 2014-5-13 — /EPR Retail News/ — BRE received 11 national awards and the peak regional award for Best Property Consultancy for the second year running at the prestigious Asia Pacific Property Awards 2014. CBRE New Zealand was named Best Property Consultancy and will now compete against other regional winners from Africa, Arabia, Europe, UK and the…

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CBL & Associates Properties, Inc. sells Lakeshore Mall in Sebring Florida for $14.0 million

CHATTANOOGA, Tenn., 2014-5-13 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE:CBL) announced that it has closed on the sale of Lakeshore Mall in Sebring, FL, to a private buyer for $14.0 million. “We are pleased to advance our strategic objective of selling lower productivity malls with the disposition of Lakeshore Mall,” said Stephen…

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Philippines: SM Development Corporation opens Sun Mall

Pasay City, Philippines, 2014-5-13 — /EPR Retail News/ —  Crowds flocked to the opening of Sun Mall, the newest retail podium within SM Development Corporation’s (SMDC) condominium development, Sun Residences. Sun Mall spans a gross floor area of 15,000 square meters and offers a variety of commercial and retail stores. With its line-up of service and retail…

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Kimco Realty reports 6.3% increase in FFO as adjusted per diluted share in first quarter 2014 operating results

Kimco Realty Announces First Quarter 2014 Operating Results - Reports a 6.3% Increase in FFO as Adjusted per Diluted Share; Advances Portfolio Simplification and Transformation Efforts NEW HYDE PARK, New York, 2014-5-9 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) today reported results for the first quarter ended March 31, 2014. Highlights for the First Quarter…

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CBRE Group, Inc named Most Valuable Employer for Military® for 2014 by CivilianJobs.com

LOS ANGELES, 2014-5-9 — /EPR Retail News/ —  CBRE Group, Inc. was named a Most Valuable Employer (MVE) for Military® for 2014 in the annual list compiled by CivilianJobs.com, one of the largest military-focused recruiting firms in the U.S. The MVE award recognizes companies for recruiting, training and retention plans that best serve military service members…

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SM Prime Holdings, Inc. reported consolidated net income increase of 11% to Php4.58 billion for the Q1-2014

Pasay City, Philippines, 2014-5-6 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property development companies in Southeast Asia, reported consolidated net income increase of 11% to Php4.58 billion for the first three months of 2014 from Php4.11 billion in the same period last year. Consolidated revenues, rose…

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Global retail real estate convention ICSC RECon to be held from 18 to 20 May 2014 in Las Vegas

New Schedule, New Hours, New Floor Plan NEW YORK, 2014-5-5 — /EPR Retail News/ —  RECon, the global retail real estate convention, hosted by the International Council of Shopping Centers (ICSC), will provide networking, deal making, and educational opportunities for shopping center professionals from across the globe. The convention runs from May 18-20, 2014 and takes…

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Kimco Realty Corp acquired 24-property retail portfolio in New England for $270M, including assumption of $120.5M mortgage debt

Company significantly expands in the Boston metropolitan market NEW HYDE PARK, N.Y., 2014-5-1 — /EPR Retail News/ —  Kimco Realty Corp. (NYSE:KIM), North America’s largest publicly traded owner and operator of neighborhood and community shopping centers, today announced that it has completed the purchase of a 24-property retail portfolio in New England for $270 million, including…

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Carrefour franchise partner the Marinopoulos Group opened two new stores in Bulgaria

PARIS, 2014-4-23 — /EPR Retail News/ —  Our franchise partner – the Marinopoulos Group – has opened two new stores. The Pleven Carrefour Market (12 April 2014) extends over a sales area of 1300 m². The Plovdiv Carrefour hypermarket (17 April 2014) has a sales area of 2100 m². The Marinopoulos Group currently runs 591 stores – 55 hypermarkets, 274…

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SM Foundation to renovate the Tacloban City Hospital after typhoon Haiyan

SM Foundation continues to support public-private efforts to rehabilitate the City of Tacloban Tacloban, Philippines, 2014-4-22 — /EPR Retail News/ —  Addressing the need to provide quality health service to typhoon Yolanda victims in Tacloban, SM Foundation, Inc. partnered with the government, the City of Tacloban, and the Department of Health (DOH) to renovate the Tacloban City…

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Carrefour and its co-investment partners established company dedicated to enhancing the value of its shopping centers in Europe

PARIS, 2014-4-18 — /EPR Retail News/ — Completion of agreements with Klépierre and creation of CARMILA, a company dedicated to enhancing the value of its shopping centers in Europe Carrefour and its co-investment partners announce today the creation of CARMILA, a company dedicated to enhancing the value of the shopping centers adjacent to Carrefour hypermarkets in France,…

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Vornado Realty Trust plans to spin off its shopping center business into new publicly traded REIT

NEW YORK, 2014-4-14 — /EPR Retail News/ — Vornado Realty Trust plans to spin off its shopping center business consisting of 81 strip centers and four malls into a new publicly traded REIT. The strip centers are primarily located in the densely populated Northeastern U.S. The malls consist of Bergen Town Center, in Paramus, N.J.; Monmouth Mall,…

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Kimco Realty acquired remaining 60.9 percent interest in the 12-property Kimco Income Fund I portfolio

Acquisition of 12 properties furthers company’s simplification and transformation goals NEW HYDE PARK, N.Y., 2014-4-11 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM), North America’s largest publicly traded owner and operator of neighborhood and community shopping centers, today announced that it has acquired the remaining 60.9-percent interest in the 12-property Kimco Income Fund I portfolio…

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SM Investments Corporation highlights opportunities in Philippine real estate following its recent merger of property assets under SM Prime Holdings, Inc.

Pasay City, Philippines, 2014-4-11 — /EPR Retail News/ — SM Investments Corporation (SM) (SM) highlighted the opportunities in real estate in the Philippines following its recent merger of property assets under mall developer now property conglomerate SM Prime Holdings, Inc. (SM Prime). In a recent forum by the Fund Managers Association of the Philippines held at the SMX Convention Center in Taguig, SM officials…

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CBRE Group analysis: U.S. commercial real estate market continued to recover in first quarter of 2014

Los Angeles, 2014-4-10 — /EPR Retail News/ — The U.S. commercial real estate market continued to recover steadily in the first quarter (Q1) of 2014, according to the latest analysis from CBRE Group, Inc. The office vacancy rate declined by 10 basis points (bps) to reach 14.8% in Q1 2014. Although vacancy rate improvements slowed in Q1 2014…

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General Growth Properties: Zara to open store at Glendale Galleria in Los Angeles

Chicago, Illinois, 2014-4-9 — /EPR Retail News/ —  General Growth Properties, Inc. (NYSE: GGP) today announced fast-fashion retailer  Zara will open a 35,000-square-foot store at  Glendale Galleria in Los Angeles in 2015. The Spanish fashion retailer, known for its men’s, women’s and children’s clothing and accessories, expertly and quickly interprets current fashion and style trends of the season,…

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