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CBRE: U.S. CRE continued to recover during Q3
Los Angeles — The U.S. commercial real estate market continued a slow, but steady, recovery in the third quarter of 2013, according to the latest analysis from CBRE Group.
In the quarter, the retail availability rate declined 10 basis points to 12.2% and had fallen 70 basis points from one year ago.
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Neiman Marcus to invest $100 million in omnichannel project
New York -- Luxury department store retailer Neiman Marcus Group plans to invest in a $100 million project designed to drive sales across all its retail channels: physical stores, mobile and online, the Dallas Business Journal reported.
The report, which cited a filing with the Securities and Exchange Commission, described the project as a multi-year initiative to develop a merchandising platform across all brands and channels.