PREIT 's CEO named as chairman
Oct 22, 2001
Philadelphia – Locally based Pennsylvania Real Estate Investment Trust’s (PREIT) board of trustees recently named Ronald Rubin as chairman of the board of trustees. He has served as PREIT's CEO and as a trustee since 1997...
Young adults to spend the most this holiday season
Oct 22, 2001
McLean, Va. – According to a recent telephone survey conducted by the locally based research and consulting firm Wirthlin Worldwide, 60% of Americans will spend the same amount of money or more this holiday season as they did last year...
Chicago’s State/Wabash retail rents climb while vacancy remains low
Oct 19, 2001
Chicago – According to locally based Northern Realty Group Ltd.’s 12th annual survey of retail space in downtown Chicago’s State Street/Wabash Avenue shopping district, the vacancy rate for specialty store space rose to 4.5% from last fall’s 4.3%...
Grocery store segment continues to narrow
Oct 19, 2001
Grocery store consolidation continues to build steam, according to The Advisor, a monthly report by CB Richard Ellis' Southeast/Mid-Atlantic Retail Investment Advisors team...
Forest City acquires Galleria at South Bay
Oct 18, 2001
Cleveland – Locally based Forest City Enterprises Inc. recently acquired Galleria at South Bay, a 955,000-sq.-ft. mall in...
GE Capital Real Estate enters strategic venture with Kimco Realty
Oct 18, 2001
Stamford, Conn. – Locally based GE Capital Real Estate and New Hyde Park, N.Y.-based Kimco Realty Corp. have formed a joint...
Nordstrom announces more staff reductions
Oct 16, 2001
Seattle – Locally based Nordstrom Inc. recently announced that it laid off 900 more employees than was originally reported...
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