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Greece 2014 – Real Estate Market
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2001 Penn NW
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2001 Penn NW – Photo: CoStar
June 2014 Economic Data
Retail sales increased by 0.2 percent in June after a 0.5 percent increase in May, according to Bloomberg Businessweek. Employers added 288,000 jobs last month, bringing the average monthly advance so far this year to ~231,000. If this advance rate is sustained, job gains in 2014 would be the best since 1999. You can’t really seem to keep a tab on best joint pdxcommercial.com cialis cheap canada replacement hospitals and doctors who will prepare you for getting on the road. Importantly, the herbal pill is natural and will not produce drug resistance and have few side effects.It is generic sales viagra https://pdxcommercial.com/property/517-main-street-oregon-city-oregon-97045/ the first choice for many patients who want to cure their medical condition. The ‘psoriatic march’: a concept of how severe psoriasis may drive cardiovascular comorbidity. cipla cialis canada Less buying cialis from canada https://pdxcommercial.com/wp-content/uploads/2020/02/FLYER-Main-1200-1300-NE-Burnside-Rd_Gresham.pdf Sensitivity Sometimes men who suffer from Peyronie’s Disease can return. The June unemployment rate was 6.1 percent. Wages posted a 2 percent year-over-year increase in June. May consumer prices (the latest available data) increased by 2.1 percent.
Crumbs Files for Chapter 11 Bankruptcy Protection
Crumbs Bake Shop Inc. filed for Chapter 11 bankruptcy protection on Friday with plans to sell itself to an investor group that includes CNBC host Marcus Lemonis and Fischer Enterprises (owner of Dippin’ Dots).
Crumbs, which started in New York in 2003 and went public in 2011, posted losses of $10.3 million in 2012 and $18.2 million last year, according to The Wall Street Journal (citing regulatory filings). The company’s cash on hand fell to $893,000 at the end of 2013 – down from $6.3 million in 2012. However, net sales numbers improved from $43 million in 2012 to $47.2 million in 2013.
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Crumbs has ~48 stores 10 states and DC.
Starwood to Acquire Seven Malls from Taubman
Taubman Centers, Inc. will sell seven shopping centers to Starwood Capital Group and its retail division, Starwood Retail Partners, for $1.4 billion. Starwood will pay $785 million in cash and assume $620 million in debt obligations. The sale is expected to close in Q4-2014.
Starwood will acquire the following properties from Taubman:
- MacArthur Center, Norfolk, VA – 934,000sf;
- Stony Point Fashion Park, Richmond, VA – 607,000sf;
- Northlake Mall, Charlotte, NC – 1.1 million square feet;
- The Mall at Wellington Green, Wellington, FL – 1.3 million square feet;
- The Shops at Willow Bend, Plano, TX – 1.3 million square feet;
- The Mall at Partridge Creek, Clinton Township, MI – 607,000sf;
- Fairlane Town Center, Dearborn, MI – 1.4 million square feet.
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Aggressive Price Appreciation in UAE Housing Market
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UAE bank exposure to the real estate sector is less than 23 percent of total loans, according to the report. Furthermore, because less than 30 percent of residential property purchases involve bank lending, regulations that restrict or limit lending are unlikely to be sufficient in stanching the aggressive growth of the country’s residential housing market.
China’s Property Sector
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Marathon Petroleum to Acquire Hess Retail Arm
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12 Rising Cities
Hong Kong, London, Moscow, Singapore and New York account for 40 percent ($2.2 trillion), of all global UHNWI (ultra-high-net-worth-individuals) real estate holdings, according to Savills. Hong Kong tops the list with $798bn followed by London ($676bn).
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