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NRF calls for ports to remain open despite contract rejection
Washington, D.C. -- The National Retail Federation expressed disappointment on Friday over the failure of the International Longshore and Warehouse Union's Local 63 Office Clerical Unit and the Harbor Employers Association to reach a contract agreement.
An eight-day strike in November and December 2012 shut down most terminals at the Ports of Los Angeles and Long Beach before the parties agreed on a tentative new contract with the help of a federal mediator. But union members on Wednesday voted down the contract.
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Report: Shopping center industry Q4 profit rises 4.3%
New York -- A report released Thursday by the National Council of Real Estate Investment Fiduciaries and the International Council of Shopping Centers said that the U.S. shopping center industry’s net operating income for the fourth quarter continued to show a strong gain nationally, rising 4.3% year-over-year.
Total operating income of all U.S. shopping centers on a square foot basis rose 3.6% over the year-ago period.
For all of 2012, the U.S. shopping-center industry posted a 3.6% rise in NOI.