Retailers are reining in expansion projects as the high cost of gas and food forces consumers to curtail spending. "There's a lot of broken projects out there," said David Simon, chief executive of Simon Property Group.
The Bedrin Organization has acquired three shopping centers in Greensboro, N.C., from CBL & Associates for a total of $19.4 million. The properties include the Northwest Center, Garden Square and Caldwell Court.
Three60Austin, a partnership between Ethel Austin Property Group and Plus Housing Group, has acquired Eddisbury Square Shopping Center in the U.K. for nearly $12 million. The joint venture is considering building residential above the retail space.
The mastery of certain characteristics is essential for CEOs to succeed in today's complex business world, according to a chief strategy officer who details these essentials, such as integrity, energy and the ability to manage change.