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Real estate snapshot: Grocery centers and outlets lead development
New York City -- A retail real estate market report, issued by Savills US retail group, found that, even as recovery remains slow, a few formats are progressing at a faster clip than others.
According to Gerry Mason, head of Savills, the majority of recent and planned retail development is in the grocery-anchored and outlet center category. CBL & Associates and Tanger Outlets are among the most active developers scheduled to break ground in 2012.
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CBL names asset management exec
Chattanooga, Tenn. -- CBL & Associates Properties announced the promotion of Scott Word to VP – asset management.
Word began his career with CBL in 1993 as an accountant. In 1997, he moved into CBL’s Acquisitions Department as a financial analyst and, in 2008, he joined the Asset Management team as director - asset management.