Lockheed Martin has announced that the production version of its F-35 Lightning II fighter jet is no longer grounded. On Wednesday, "F-35 production jets were authorized to fly again," said Mike Rein, a spokesman for Lockheed. "They are now flying the same profiles they were prior to the precautionary suspension of operations. This includes acceptance flights at Fort Worth, [Texas], and ferry flights to Eglin."
Landlords in the most high-end retail districts have seen their fortunes rebound from lows associated with economic downturn over the past couple of years. Rents and purchases in top destinations such as New York's Fifth Avenue and Beverly Hills' Rodeo Drive rose during the first half of 2011.
With low Treasury yields and a positive spread between the cost of buying real estate and financing it, commercial real estate's performance will hold, says Alexander D. Goldfarb, managing director and senior REIT analyst at Sandler O'Neill + Partners. Even though the recovery is faltering, fundamentals are adequate to support REIT growth. People are "renting apartments. They're shopping at the mall. They're leasing office space. They are leasing some warehouse space, and they are going back to college."
Turkish developers are increasing their presence in retail markets throughout Europe, Central Asia and Africa, building new shopping centers. They are also exporting more local brands to these markets as the number of their retail centers increase. Because of the price differential, it is working for them, says Ahmet Coskun, chairman of Turkey's Confederation of Businessmen and Industrialists.