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Report: Moderate improvement in Q3 for commercial real estate
Los Angeles -- CBRE Group said Wednesday that the U.S. commercial real estate market continued to show moderate improvement across all property sectors in third quarter 2012.
In the retail sector, properties continued to see modest improvement in availability, which fell 10 bps to 12.9%, during the third quarter.
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Wal-Mart to grow Neighborhood Markets to 500 strong by 2016
Rogers, Ark. -- In its annual meeting with analysts on Wednesday, Wal-Mart Stores U.S. president Bill Simon said the retailer would accelerate small-store growth to compete with dollar stores and drug stores, and announced plans to have 500 Neighborhood Market stores and 12 Express stores by fiscal 2016.
“This gives us the opportunity to build more stores for less money," Simon said. Wal-Mart currently operates 217 Neighborhood Markets and 10 Express stores.