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Consumer spending reaches 11-month high
New York - The Deloitte Consumer Spending Index reached its highest point since November 2013, rising to 4.5 from 4 the prior month. The Index tracks consumer cash flow as an indicator of future consumer spending. The Index comprises four components – tax burden, initial unemployment claims, real wages and real home prices. Highlights include: Tax Burden: The tax rate has been effectively unchanged from the previous month at 11.8%. -
Mid-America arranges sale of Quivira Crossings to Phillips Edison
Kansas City, Kansas - Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Quivira Crossings located in Overland Park (Kansas City MSA), Kansas. Cincinnati-based Phillips Edison purchased the 111,304-sq.-ft. grocery-anchored center for $14.5 million. Quivira Crossings is located at 135th Street and Quivira Road in Overland Park, and features a long-term lease with Price Chopper.