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$MAC said that on leases under 10,000 square feet, it had 313,000 square feet signed and positive re-leasing spread on a trailing 12-month basis of 14.2%. Mall occupancy was 96.1%, up 30 BP from Dec. 31, 2014 and up 70 BP from the occupancy level at the end of the 3Q15. Average malls to base rents increased to 5,432, up from 5,115 a year ago.
$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.