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29 Nov 2012
Japans Retail Sales Fall in October as Car Sales Drop

Japans retail sales fell in October by the most in 11 months as consumers purchased fewer cars and televisions, adding pressure on the government to stimulate an economy that may be entering a recession.  / Source: bloomberg

27 Nov 2012
Four Seasons NY Owner to Keep Hotel After Unsolicited Bid

Four Seasons Hotel New York owner H. Ty Warner decided not to sell the luxury Manhattan property after receiving an unsolicited bid of about $900 million. / Source: bloomberg

26 Nov 2012
Dubai, Home to Worlds Largest Mall, Plans Bigger One

Dubais ruler announced plans for a development boasting the worlds biggest shopping mall and gardens larger than Londons Hyde Park, as the emirate revives property projects on hold since the global financial crisis.  / Source: bloomberg

26 Nov 2012
Gemfields buys Faberge to create gem champion

Gemfields is to buy luxury jeweller Faberge from one of the coloured gem miner's own shareholders, in a deal valuing the maker of lavish Easter eggs for Russia's last tsar at $142 million. / Source: reuters

23 Nov 2012
Early start to U.S. "Black Friday" shopping frenzy

The U.S. shopping frenzy known as "Black Friday" kicked off at a more civilized hour, with shoppers welcoming decisions by retailers such as Target Corp and Toys R Us Inc to move their openings to Thursday night. / Source: reuters

22 Nov 2012
GM to buy Ally's Europe, Latin America operations

General Motors' financing arm GM Financial has agreed to pay about $4.2 billion for the European and Latin American auto lending operations of Ally Financial, as it looks to extend its in-house financing to boost sales. / Source: reuters

20 Nov 2012
Lehman's Archstone to raise $3.5 billion in closely watched IPO

Archstone Inc, the apartment building owner and developer owned by Lehman Brothers Holdings Inc, said on Monday it plans to raise up to $3.45 billion in its initial public offering, making it the biggest U.S. commercial real estate IPO ever. / Source: reuters

19 Nov 2012
Starbucks buying Teavana, eyes repeat of coffee success

Starbucks Corp (SBUX.O) said it plans to buy tea store chain Teavana Holdings Inc (TEA.N) for $620 million, aiming to replicate the success it has had with its namesake coffee shops. / Source: reuters

16 Nov 2012
McDonalds Replaces its U.S. Chief Fields After Sales Decline

McDonalds Corp. (MCD), the worlds largest restaurant company by sales, replaced the president of its U.S. division amid falling same-store sales.  / Source: bloomberg

15 Nov 2012
Large scale expansion planned by retailers in 2013

Global retailers will continue to expand store networks in 2013 alongside the development of multichannel strategies, with 20% aiming to open 30 stores or more in Europe, Middle East and Africa (EMEA) by the end of the year - and nearly three quarters aiming to open five or more stores - according to new research from CBRE. / Source: ?????????.??

15 Nov 2012
Global Logistic to Raise S$404 Million to Fund Brazil Expansion

Global Logistic Properties Ltd. (GLP), the worlds second-biggest owner of industrial properties, plans to raise S$404 million ($330 million) from the sale of new shares to fund its investment in Brazilian warehouses.  / Source: bloomberg

14 Nov 2012
Steinway to Sell Home of Landmark Hall for $195 Million

Steinway Musical Instruments Inc. (LVB), the maker of its namesake pianos, agreed to sell its building near Manhattans Carnegie Hall for $195 million.  / Source: bloomberg

13 Nov 2012
Fonciere des Murs Group Buys $644 Million of Hotels

Fonciere des Murs SCA and two French banks insurance units bought 165 hotels in France from Carlyle Group LP (CG)s B&B Hotels for 508 million euros ($644 million).  / Source: bloomberg

12 Nov 2012
Frankfurt Turns Offices to Homes as Excesses Lift Vacancy

Vijay Vankadari, who has renovated Frankfurt apartment buildings for more than a decade, used a cheap and plentiful resource for his latest residential project in the city: old office buildings that businesses wont touch.  / Source: bloomberg

09 Nov 2012
McDonalds Monthly Sales Fall First Time in Nine Years

McDonalds Corp. (MCD), the worlds largest restaurant chain, said sales at stores open at least 13 months fell 1.8 percent in October, the first monthly decline in nine years, as U.S. customer traffic decreased.  / Source: bloomberg

09 Nov 2012
Lower Manhattan Quiet as Sandy Shuts One-Third of Offices

The drone of generators fills the silence of lower Manhattan on a weekday afternoon. A newsstand is open at the corner of Wall and Water streets, its main customers now cleanup crews rather than bankers, lawyers and other financial district office workers. / Source: bloomberg

08 Nov 2012
Irish Street for Sale as Pubs, Park Join Homes in Dublin Auction

An Irish street lined with shops, a Dublin park and three pubs will be among the assets offered for sale next month in Irelands largest one-day commercial property auction. / Source: bloomberg

07 Nov 2012
Manhattan Top-Tier Office Rents Drop Most in Three Years

Rents at Manhattans best offices had their biggest drop in more than three years as financial firms postponed making decisions on space until after todays election, CompStak Inc. said.  / Source: bloomberg

06 Nov 2012
London & Stamford in Talks to Buy Metric to Form REIT

London & Stamford Property Plc (LSP) is in talks to buy Metric Property Investments Plc (METP) in an all-share deal that would combine two U.K. real estate investment trusts focused on commercial property. / Source: bloomberg

02 Nov 2012
Strategic Hotels Climbs After CEO Resigns: Chicago Mover

Strategic Hotels & Resorts Inc. (BEE), a real estate investment trust with stakes in luxury hotels, jumped the most in more than two years, after Chief Executive Officer Laurence Geller announced his resignation.  / Source: bloomberg


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