InvenTrust Properties has acquired the Renaissance Center in Durham, N.C., from CBL & Associates Properties. It paid $129 million for the power retail center, which includes 50,000 square feet of office space.
Construction is expected to begin next year on the $129 million renovation of the historical Music Hall in Cincinnati. Cincinnati-based Messer Construction is the construction manager. The project should wrap up in 2017.
Samsung has seen strong ROI for its latest Facebook ad campaign, spending $10 million on a three-week campaign that reached 105 million unique users and generated $129 million in sales. "The biggest myth is that Facebook ads don't work," said Facebook global marketing head Carolyn Everson.