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,…
Malls
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…
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…
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,…
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…
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…
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…
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…
Richard Blum Steps Down as Chairman, Continues on the Board Ray Wirta Selected as Next Chairman
Los Angeles, CA, 2014-5-19 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced that Richard (Dick) Blum has stepped down as Chairman of the Board and that Ray Wirta has been selected by the Board to succeed Mr.…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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,…
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,…
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…
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…
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…
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,…