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$TCO and $MAC said that they have jointly inked an agreement to purchase Country Club Plaza portfolio in Kansas City for $660MM from $HIW. The transaction has been approved by the Boards of Directors of $TCO and $MAC. It is subject to customary closing conditions and is expected to close in 1Q16.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.