Shopping Centers – HTLHB http://htlhb.com/ Tue, 12 Jul 2022 17:18:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://htlhb.com/wp-content/uploads/2021/06/icon-1-150x150.png Shopping Centers – HTLHB http://htlhb.com/ 32 32 Georgetown intends to add more mixed-use, high-density developments to diversify housing opportunities https://htlhb.com/georgetown-intends-to-add-more-mixed-use-high-density-developments-to-diversify-housing-opportunities/ Tue, 12 Jul 2022 17:18:00 +0000 https://htlhb.com/georgetown-intends-to-add-more-mixed-use-high-density-developments-to-diversify-housing-opportunities/ The Georgetown Planning Department has prioritized diversification of the city’s mix of residential and non-residential properties and is ultimately aiming for more mixed-use and high-density developments under the city’s comprehensive 2030 plan, which details how the city’s land will be developed should the future. One factor driving the city’s future land-use map is that Georgetown’s […]]]>

The Georgetown Planning Department has prioritized diversification of the city’s mix of residential and non-residential properties and is ultimately aiming for more mixed-use and high-density developments under the city’s comprehensive 2030 plan, which details how the city’s land will be developed should the future.

One factor driving the city’s future land-use map is that Georgetown’s population is expected to surpass 100,000 by 2030, according to the plan and data from the US Census Bureau — a 44.4% growth since 2022.

There are 20 multi-family complexes under construction and other commercial projects are underway in the plan’s density target areas such as Williams Drive and the NE Inner Loop.

“As we continue to grow, our patterns will shift, and the future land-use element in the plan helps guide those development patterns,” said Nat Waggoner, associate director of long-term planning.

Map it out

The comprehensive plan, approved in 2020, identifies 11 land-use categories — such as neighborhoods, community centers, and parks and recreation — that make up the city’s future land-use map, or FLUM. According to the plan, the FLUM and its categories serve as the city’s long-term roadmap to provide an overall framework for the city’s preferred development pattern based on balanced, compatible and diversified land use.

Prior to updating the plan, Wagoner said high-density housing is a standalone use. Now it will exist within the future employment center, community center and regional center land use categories, which could benefit both developers and residents.

“What we’ve heard from the community is that they want more complete neighborhoods – and we recognize that multi-family housing is in some ways a neighborhood – so we wanted to make sure the people who live in those settlements have access to goods.” and have services,” Wagoner said.

According to the plan, the city aims to have 75% non-residential and 25% residential development within a regional center. This ratio allows for developments such as large shopping malls, large retailers and flex office space in close proximity to residential buildings, which the plan says encourages interaction between residents and businesses.

The Sheraton Hotel and Conference Center at 1101 Woodlawn Drive and The Summit at Rivery Park Apartments are examples of regional center development.

Likewise, an employment center should have a ratio of 80% non-residential and 20% residential. Employers are to be supported by the inclusion of medium to high-density housing in these areas.

St. David’s Georgetown Hospital and The Rail at Georgetown Apartments are in one employment office.

“Population growth and housing affordability have led to increased demand for alternatives to low-density single-family homes,” said Cesar Acosta, Georgetown’s director of long-term planning. “The inclusion of employment and regional centers in the plan has been helpful in helping us transition.”

Working on Williams Drive

The plan encourages redevelopment in key areas like Williams Drive.

The Williams Drive Study, designed in 2017 by the Capital Area Metropolitan Planning Organization and the city, focuses on a 558-acre area along Williams Drive between San Gabriel Park and Lakeway Drive. Waggoner said the vision is to create a vibrant mixed-use center and gateway.

Because the study emphasizes traffic flow, the city is working to request engineers to conduct an access management study that will propose the removal and repositioning of access roads along Williams.

Other areas of concern, according to the plan, include pedestrian accessibility, consistent signage and branding, mixed-use infrastructure, and modern touches and features.

One redevelopment project in the works is the former McCoy Elementary School property, a 12-acre site acquired by Partners Capital in December. Located at 1313 Williams Drive, the building housed the Georgetown ISD administrative staff when the new McCoy School was built. In 2018, the staff moved into the Hammerlun Center for Leadership and Learning, leaving the former school empty. Demolition was approved in March 2019.

According to a press release from Partners Capital, the real estate company plans to build a mixed-use, multi-family residential and commercial development that will house retail stores, medical offices and restaurants.

“Williams Drive is a major thoroughfare for the city,” Waggoner said. “Efforts to develop the Williams Drive Study and Comprehensive Plan 2030 included outreach and community conversations.”

affordability and availability

ApartmentData.com’s June report shows that there are approximately 23,995 apartment buildings in the Round Rock and Georgetown submarket.

“Because of buyer fatigue, rising interest rates and general price increases, people are not really sure how best to spend their money,” said Brandy Wünsch, secretary and treasurer of the 2022 Austin Board of Realtors. “This is driving buyers to look for … alternatives to the single-family home.”

An estimated 5,500 multifamily units were submitted to the City of Georgetown for approval from October 2021 to June 2022. Radius Wolf Ranch, a 321-unit complex at W. University Ave. 1845, was recently approved.

“Our timing for delivery couldn’t come soon enough,” said Matt Akin, President of McCann Realty Partners. “It’s very expensive for people trying to find affordable options.”

According to ApartmentData.com, the median rent for June 2022 in the Georgetown and Round Rock submarkets is $1,558 — $20 more than the Pflugerville and Tech Ridge submarkets.

“It’s difficult for us to control or significantly affect housing costs,” Acosta said.

The city is considering updating its development code to align with the 2030 plan, Waggoner said. In addition, the city may consider programs such as down payment assistance and multi-family home tax exemptions.

“We want to be able to support people from all backgrounds who have decided to make Georgetown their home,” Acosta said.

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Landlord hesitation is Medtail’s biggest hurdle https://htlhb.com/landlord-hesitation-is-medtails-biggest-hurdle/ Wed, 06 Jul 2022 16:43:13 +0000 https://htlhb.com/landlord-hesitation-is-medtails-biggest-hurdle/ “Medtail” has been the buzzword in the commercial real estate sector, especially over the past year. Medtail, short for “Medical Retail,” is bridging the gap between health and wellness provider facilities and brick-and-mortar retail outlets, and the hybrid is fueling retail leasing activity in droves. Medtail-anchored malls are increasingly viewed by retail investors as such […]]]>

“Medtail” has been the buzzword in the commercial real estate sector, especially over the past year. Medtail, short for “Medical Retail,” is bridging the gap between health and wellness provider facilities and brick-and-mortar retail outlets, and the hybrid is fueling retail leasing activity in droves. Medtail-anchored malls are increasingly viewed by retail investors as such a reliable asset that it’s only natural to assume that medtail centers would be the perfect material for prime real estate. But if that’s the case, why are medtail centers often relegated to subprime areas of malls?

med trend

Medtail has been dubbed a “retail cure” after commercial landlords turned to healthcare providers to fill their empty spaces after the pandemic ravaged the retail sector. During the pandemic, many commercial landlords saw their rental rates drop and their retail tenants churn. Meanwhile, the pandemic bolstered the financial clout of medical practices. As asking rents for commercial space fell, medical providers began taking advantage of the lower rents and embraced the idea of ​​opening their offices in former retail spaces to provide more convenient care to their patients. According to data from CoStar Group, the percentage of leased medical space in retail buildings increased in February from 16 percent in 2010 to 20 percent now.

The hype surrounding Medtail is palpable as the rise in remote work thanks to the pandemic underscored the need to develop medical centers closer to residential areas. “People need medical care where they live,” Jason Muss told Bisnow in April. Muss is President of Muss Development, a New York-based real estate development company that is investigating Medtail as part of its strategy. According to Muss Medtail, “[is] no compromise. It’s a strategy for diversifying your tenant list and meeting a need in the community.”

Landlords opening their properties to medtail renters at the height of the pandemic might have felt it was a compromise to generate cash flow, but it quickly became apparent that medtail renters were driving much-needed foot traffic into their malls. As much as COVID-19 has sparked an explosion in virtual doctor appointments, most medical services cannot be performed online. Physicians still need to physically see their patients to provide them with appropriate care, making Medtail a great candidate for driving traffic to a shopping area. Additionally, Medtail attracts more shoppers to malls, particularly during daytime, the slowest weekday times for retailers.

The pandemic was less the cause of this symbiosis than an accelerator. Edward Coury, managing director at RCS Real Estate Advisors, a firm that analyzes retail real estate portfolios, told me that investors viewed Medtail as a way to revitalize the retail sector long before the pandemic reared its ugly head. “Medtail is actually pretty well developed, it’s not in the making anymore,” he said. Apparently investing in Medtail had been a key leasing strategy for several companies years ago. In fact, Westfield, an Australian real estate conglomerate, actively invested in Medtail when Coury served as the company’s senior vice president.

“Popularity has only grown as rental companies recognize the fact that medtail centers are adding another travel fulfillment to their customer base,” Coury said before changing his tone. “What I still find strange is the fact that some rental companies want to put their medtail units in the back corner of the mall. This is a problem for our customers. And it shouldn’t be a problem. There’s no reason why medtail occupiers should really take inferior real estate. Medtail is absolute doorstep material.”

So if landlords are so willing to rent space to medtail tenants because medtail tenants are attracting customers to their malls, why are medtail tenants pushed into the least desirable and less accessible areas of their respective malls?

See also

sum kill

There are several reasons landlords have previously resisted the idea of ​​leasing medical providers instead of a traditional retail tenant. Accommodating medical tenants in former retail and office space can be challenging. On the one hand, it is about providing an adequate technical structure so that the Medtail office can function. If you don’t have high enough internet bandwidth, it will eventually become a big problem for the medtail renter. On the other hand, medical tenants will demand special interior designs and more intensive sanitation requirements in order to achieve ADA compliance. Medtail builds can require a much higher investment. “Imagine a 2,000-foot space for a retailer,” Coury explained, “that could cost about $400,000 to build. A medical renter costs around $800,000, almost double the investment in the space between the equipment and the fit out.”

Then there is the problem with multi-story developments. It was (and still is) tempting for a developer to add a second level to their center to double the area while saving on costs, as ground floor construction is typically more expensive. There is an expectation that the second floor, while less accessible than the first, will fill up with tenants more quickly as the rent would be lower. Second floor tenants are trading less desirable properties for lower rents and therefore higher yielding shares. But often this strategy can backfire, especially when it comes to medtail. Medtail operators generally require ground floors so that they are as accessible as possible for their patients.

But Coury says the stigma attached to medtail stores is one of the biggest obstacles. Coury pointed out that, unlike retail stores, traditional medical centers are not customer-centric. There is less emphasis on creating an inviting design. Coury said landlords need to understand that Medtail is an entirely different product that could Add increase the attractiveness of the shopping center instead of distracting from it. “Medtail isn’t a typical clothing-on-window retail environment,” Coury said, “but there’s a bit of an evolutionary aspect to the design. There needs to be a collaboration between the landlord and the user on how the Medtail unit can look like what it is, namely a place dedicated to medical technology. At the same time, it has to fit into the overall aesthetic of the mall.”

See also

Good design is critical to the success of a medtail renter, according to Coury. It’s something he’s adamant about because he’s seen it firsthand. One of Coury’s clients is InBrace (DBA InStudio), an orthodontic appliance manufacturer, and they are currently in the process of developing their first studio on a property in Denver, Colorado.

3D concept drawing of what the InBrace Medtail unit would look like. (Image credit: Dupuis Design)

During negotiations with the developer, Coury’s team at RCS Real Estate Advisors determined that the developer was expecting something with imposing surgical equipment and harsh neon lights. “They didn’t know what it was going to look like because we hadn’t designed it yet,” Coury said. RCS Real Estate therefore partnered with Dupuis Design to create 3D concept art showing what the InBrace medtail unit would look like. “When I sent that draft over,” Cour began with a smile, “they were blown away. They said, “This is absolutely front door stuff,” and now this studio is going to be the front door to this mall.”

Coury believes that once InBrace’s new studio is up and running, both developers and landlords will be able to see Medtail tenants fulfilling their potential as anchor tenants by being on the front lines. Also, medtail renters tend to stay longer than their traditional retail counterparts. Ashley Casey, senior director of national accounts at Phillips Edison & Co., based in Cincinnati, said that medtail renters “tend to take out longer-term leases because they have to invest a lot of money to get set up in space and they need time to do it establish their presence in a community. That makes them attractive for owners and all other investors.”

Medtail tenants are less able to serve their community (and, in turn, pay rent to their landlord) when they are not in easily accessible areas of their respective malls, which in turn means their landlords are able to reap capital. That’s because medtail renters tend to pay higher rents. Compared to local or regional merchants and restaurant owners, many medtail renters have better credit ratings and are therefore seen as lower risks.

While medtail is a relatively young sector, it’s clear that they are an asset to the retail revitalization. Landlords and investors may warm to adding these types of tenants to their portfolios, but if they confine these traffic drivers to less-desirable areas of their malls, they’re really doing themselves and the medtail tenant a disservice. It is clear that Medtail is a new niche that is transforming the retail sector and revitalizing retail activity.

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Danish police say the fatal shooting at the mall appeared to have been an indiscriminate attack https://htlhb.com/danish-police-say-the-fatal-shooting-at-the-mall-appeared-to-have-been-an-indiscriminate-attack/ Mon, 04 Jul 2022 08:43:00 +0000 https://htlhb.com/danish-police-say-the-fatal-shooting-at-the-mall-appeared-to-have-been-an-indiscriminate-attack/ Updated July 4, 2022 at 11:17 am ET COPENHAGEN, Denmark — A gunman who killed three people when he opened fire in a crowded shopping center acted alone and apparently chose his victims at random, Danish police said on Monday, all but ruling out that the attack was an “act of terrorism”. Authorities have filed […]]]>

Updated July 4, 2022 at 11:17 am ET

COPENHAGEN, Denmark — A gunman who killed three people when he opened fire in a crowded shopping center acted alone and apparently chose his victims at random, Danish police said on Monday, all but ruling out that the attack was an “act of terrorism”.

Authorities have filed preliminary murder and attempted murder charges against a 22-year-old Dane, who is being held in a secure psychiatric facility for 24 days while authorities investigate the crime, prosecutor Soren Harbo told reporters. Police said the man was known to the psychiatric service, without elaborating.

Police have not identified a motive for Sunday’s attack in one of Scandinavia’s largest shopping malls. The suspect, who was carrying a rifle and a knife, was quickly arrested and Copenhagen’s chief police inspector Søren Thomassen said the man also had access to another weapon. He said the firearms were obtained illegally but gave no further details.

“It was the worst possible nightmare,” said Danish Prime Minister Mette Frederiksen on Monday, calling the attack “unusually brutal.”

According to Thomassen, the three people killed were a 17-year-old boy and a 17-year-old girl, both Danish, and a 47-year-old Russian. Four other people were hospitalized with gunshot wounds and were in critical but stable condition. A total of 30 people were injured, most in the panicked stampede after shots rang out at the Field shopping center on the outskirts of the Danish capital.

Gun violence is relatively rare in Denmark. The last shooting of this magnitude was in February 2015, when a 22-year-old man was killed in a shootout with police after two people were killed and five police officers injured in the capital.

Olafur Steinar Rye Gestsson / AP

/

AP

People react outside Field’s shopping center in Copenhagen, Denmark, on Sunday, July 3, 2022. A gunman opened fire at the busy shopping center in the Danish capital on Sunday.

The suspect, who cannot be named by court order, was brought before a judge in a crowded courtroom on Monday to face three preliminary charges of murder and four of attempted murder. This is a step behind formal charges, but allows authorities to detain an individual pending an investigation.

The judge ordered the media to leave and held the detention hearing behind closed doors. It was not immediately clear how the suspect pleaded. He will remain in custody until July 28, police said.

Thomassen said police had no indication anyone helped the man.

“There is nothing in our investigation, or the documents we reviewed, or the things we found, or the testimonies we received that can prove this is an act of terrorism,” said Thomassen, who previously identified the man as “ethnic Dane,” a term typically used to mean someone is white.

Danish broadcaster TV2 released a grainy photo of the suspected shooter, a man wearing knee-length shorts, a vest or sleeveless shirt and holding what appears to be a gun in his right hand.

“He seemed very violent and angry,” eyewitness Mahdi Al-Wazni told TV2. “He spoke to me and said it (the gun) isn’t real when I was filming him. He seemed very proud of what he was doing.”

Pictures from the scene showed people running from the mall where people were laying flowers on Monday.

Chassandra Stoltz, an 18-year-old student who was on her way to a Harry Styles concert scheduled for Sunday night nearby, described a stampede when the shots rang out. At first she, her sister and her father thought it was because someone had spotted Styles — but she soon realized the panic, including a man retrieving his child from a stroller in the chaos.

“People led us to the exit sign, and we ran up the roof and we were stuck there for a while, and then people everywhere were panicking and people were crying,” Stoltz said.

The Styles concert was canceled because of the shooting.

Sunday’s attack came about a week after a shooting in neighboring Norway in which police said a Norwegian of Iranian descent opened fire during an LGBTQ festival, killing two people and injuring more than 20.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

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Why shopping centers need to take a counter-intuitive approach to experience transformation https://htlhb.com/why-shopping-centers-need-to-take-a-counter-intuitive-approach-to-experience-transformation/ Thu, 30 Jun 2022 20:29:22 +0000 https://htlhb.com/why-shopping-centers-need-to-take-a-counter-intuitive-approach-to-experience-transformation/ As mall developers, operators and marketers try to figure out their experimental future, part of the conversation is bound to be technology. And what industry creators need to keep in mind as they plan their course is that when it comes to creating popular consumer experiences, you can’t always start with technology. Instead, borrow a […]]]>

As mall developers, operators and marketers try to figure out their experimental future, part of the conversation is bound to be technology. And what industry creators need to keep in mind as they plan their course is that when it comes to creating popular consumer experiences, you can’t always start with technology. Instead, borrow a cue from business thought leader Simon Sinek and “Get started why.”

Technology without the “why” can be costly—a lesson even the world’s best-known brands learn every day.

Take social media giant Facebook (now known as Meta), which bought virtual reality company Oculus for $2 billion in 2014 and has since poured its inexhaustible marketing resources and cash into it without attracting the interest of the to awaken mass consumers.

Or consider the heavily funded augmented reality startup Magic Leap. Like Facebook’s Oculus, it’s another technology with incredible potential and significant financial investments that has struggled to find its purpose after more than seven years of trying.

To date, billions of dollars have been invested in these technologies with little measurable ROI.

Why is this important for shopping malls? Because I believe they are entering a period of experiential transformation that will shape their next 10 years. And as malls look to increase engagement, visits and dwell time, tech-focused companies will be lining up to sell them solutions that promise to attract large crowds.

But without knowing the “why,” these solutions won’t work as easily, and malls simply can’t afford to take such an approach because they don’t have endless marketing budgets or seven years to waste. what she can Solve the “why” with a little counter-intuitive thinking and a backward-looking but proven approach that looks like this:

  1. Start with the result you want to create.
  2. Come up with radical creative ideas to make it happen.
  3. Identify the technologies you need.
  4. Create emotional content.
  5. Deliver the experience.

It’s an approach I first used in 2004 when I was helping MTV transform shows like the Video Music Awards. My role was to work with the network, production and music artists to develop and deliver content across 50+ larger than life video screens in a 360 degree arena. I wasn’t concentrating on how we were going to do it. I focused on the result we wanted to create.

Many of my broadcast colleagues saw LED screens as a place for eye candy and pushed to start technologies that delivered pre-canned footage to the screens. The word “gak” was used a lot as a term for on-screen content behind the scenes on the radio, which I loathed.

As they did so, I envisioned using LED screens for narrative storytelling and emotional connection. I envisioned that musical performances would be more powerful, memorable, and emotional for audiences—and more valuable for the artists, MTV, and its advertisers.

What would create a more emotional connection with music fans? Animated clip art and stock footage gak (twitch!) on the video screens, or stunning three-story versions of their musical heroes in an experience that fans felt immersed in?

To apply my radical vision to a recalcitrant industry, I had to be a disruptor. Ultimately, I built a career developing radical creative ideas, content and technology that captured audience emotions and generated revenue. This approach has helped companies thrive in almost every major entertainment industry over the past 16 years, including broadcast, concerts, film, streaming, and cruise lines. People in each of these industries have been successful because they were willing to rethink how they approach content and technology to create emotionally powerful customer experiences.

As malls try to figure out how to hyper-transform their experiential future, the people who design, operate and market them must learn and master this backwards approach. You have to remember that experience is innovation. It is the catalyst for emotional connection and business success.

Steve Jobs said it best: “You have to start with the customer experience and work backwards to technology.”

—Robb Wagner is an experimental artist and the founder of Stimulated-Inc., a creative studio specializing in experimental transformation for globally recognized brands such as Disney, Viacom, and Carnival Cruise Line.

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IMKTA Dividend Announcement $0.1650/share 06/27/2022 https://htlhb.com/imkta-dividend-announcement-0-1650-share-06-27-2022/ Mon, 27 Jun 2022 18:23:53 +0000 https://htlhb.com/imkta-dividend-announcement-0-1650-share-06-27-2022/ Cl A Com/Ingles Markets Inc (NASDAQ:IMKTA) declared a dividend of $0.1650 per share on 06/27/2022, payable on July 14, 2022 to shareholders of record on July 07, 2022. Cl A Com/Ingles Markets Inc (NASDAQ:IMKTA) has been paying dividends since 1990, has a current dividend yield of 0.7565337420%, and has increased its dividend for 0 straight […]]]>

Cl A Com/Ingles Markets Inc (NASDAQ:IMKTA) declared a dividend of $0.1650 per share on 06/27/2022, payable on July 14, 2022 to shareholders of record on July 07, 2022.

Cl A Com/Ingles Markets Inc (NASDAQ:IMKTA) has been paying dividends since 1990, has a current dividend yield of 0.7565337420%, and has increased its dividend for 0 straight years.

The market cap of Cl A Com/Ingles Markets Inc is $1,252,330,200 and has a P/E ratio of 5.96. The share price closed yesterday at $87.24 and has a 52-week low/high of $56.95 and $101.98.

Ingles Markets is a supermarket chain in the southeastern United States. Co. has primarily located its supermarkets in suburbs, small towns and neighborhood malls. Co.’s supermarkets offer customers a variety of grocery products, including groceries, meat and dairy products, fruits and vegetables, frozen foods and other perishables, and non-food items. Non-food items include gas stations, pharmacies, health and beauty care products and general merchandise. Co. also offers private label items. Co. operates supermarkets under the Ingles and Sav-Mor names in western North Carolina, western South Carolina, northern Georgia, eastern Tennessee, southwest Virginia, and northeast Alabama.

More information on Cl A Com/Ingles Markets Inc can be found here.

Cl A Com/Ingles Markets Inc dividend information as of the date of this press release is as follows:

Dividend declaration date: June 27, 2022
Dividend ex-date: 06 July 2022
Dividend Record Date: July 7, 2022
Dividend Payment Date: July 14, 2022
Dividend Amount: $0.1650

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Saul Centers, Inc. (NYSE:BFS) increases dividend to $0.59 per share https://htlhb.com/saul-centers-inc-nysebfs-increases-dividend-to-0-59-per-share/ Sat, 25 Jun 2022 11:41:07 +0000 https://htlhb.com/saul-centers-inc-nysebfs-increases-dividend-to-0-59-per-share/ Saul Centers, Inc. (NYSE:BFS – Get Rating) declared a quarterly dividend on Thursday, June 23, Zacks reports. Stockholders of record on Friday, July 15 will receive a dividend of $0.59 per share from the Real Estate Investment Trust on Friday, July 29. That equates to an annualized dividend of $2.36 and a yield of 4.92%. […]]]>

Saul Centers, Inc. (NYSE:BFS – Get Rating) declared a quarterly dividend on Thursday, June 23, Zacks reports. Stockholders of record on Friday, July 15 will receive a dividend of $0.59 per share from the Real Estate Investment Trust on Friday, July 29. That equates to an annualized dividend of $2.36 and a yield of 4.92%. The ex-dividend date is Thursday July 14th. This is an increase from Saul Centers’ prior quarterly dividend of $0.57.

Saul Centers has increased its dividend payment by an average of 1.7% per year for the past three years, and has increased its dividend every year for the last 1 year.

NYSE:BFS shares opened at $47.96 on Friday. Saul Centers has a 1-year low of $41.73 and a 1-year high of $56.22. The company has a leverage ratio of 3.30, a current ratio of 1.73 and a quick ratio of 1.73. The company has a 50-day moving average price of $48.59 and a 200-day moving average price of $49.59. The company has a market cap of $1.14 billion, a P/E of 28.21 and a beta of 1.07.

In addition, on Wednesday, May 25, CEO B Francis Saul II purchased 1,250 shares of the company’s stock in a transaction. The shares were purchased at an average price of $48.18 per share for a total value of $60,225.00. Upon completion of the transaction, the Chief Executive Officer now owns 79,352 shares of the Company, valued at approximately $3,823,179.36. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Company insiders own 51.50% of the company’s shares.

Several hedge funds have recently bought and sold shares in BFS. Vanguard Group Inc. increased its stake in Saul Centers by 2.8% in the first quarter. Vanguard Group Inc. now owns 2,167,051 shares of Real Estate Investment Trust valued at $114,203,000 after purchasing an additional 58,063 shares last quarter. State Street Corp increased its stake in Saul Centers by 6.5% in the first quarter. State Street Corp now owns 476,025 shares of the Real Estate Investment Trust worth $25,087,000 after purchasing an additional 28,960 shares last quarter. Bank of New York Mellon Corp increased its stake in Saul Centers by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 208,306 shares of the real estate investment trust worth $10,977,000 after buying another 1,115 shares last quarter. Charles Schwab Investment Management Inc. increased its stake in Saul Centers by 5.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 93,311 shares of the Real Estate Investment Trust worth $4,918,000 after purchasing an additional 4,590 shares last quarter. Eventually, Invesco Ltd. faltered. increased its stake in Saul Centers by 15.4% in the first quarter. invesco ltd now owns 46,323 shares of the Real Estate Investment Trust worth $2,442,000 after purchasing an additional 6,196 shares last quarter. 51.69% of the shares are currently owned by hedge funds and other institutional investors.

Several research companies have recently commented on BFS. B. Riley reiterated a “buy” rating on Saul Centers shares in a report Wednesday, March 9th. Capital One Financial reiterated an “equal weight” rating on Saul Centers shares in a report Sunday, March 13. Finally, StockNews.com took over Saul Centers coverage in a report on Thursday, March 31st. They gave the company a buy rating.

About Saul centers (received rating)

Saul Centers, Inc is a self-managed, self-managed equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties, including (a) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9, 8 million rentable square feet; and (b) three lots and development lots.

See also

Dividend History for Saul Centers (NYSE:BFS)

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send questions or comments about this story to [email protected]

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Marc Ricks is assuming the position of CEO of Blackstone’s retail subsidiary ShopCore – Commercial Observer https://htlhb.com/marc-ricks-is-assuming-the-position-of-ceo-of-blackstones-retail-subsidiary-shopcore-commercial-observer/ Thu, 23 Jun 2022 17:30:45 +0000 https://htlhb.com/marc-ricks-is-assuming-the-position-of-ceo-of-blackstones-retail-subsidiary-shopcore-commercial-observer/ Black Stone appointed Marc Ricksa former alphabet Executive, as the new CEO of his subsidiary ShopCore propertieswhich focuses on retail real estate, Commercial Observer has learned. Ricks will take over from Blackstone’s as CEO of ShopCore Andrea Drasiteswho stepped in on an interim basis after leaving in November 2021 Markus Gilbertwho went; who left; who […]]]>

Black Stone appointed Marc Ricksa former alphabet Executive, as the new CEO of his subsidiary ShopCore propertieswhich focuses on retail real estate, Commercial Observer has learned.

Ricks will take over from Blackstone’s as CEO of ShopCore Andrea Drasiteswho stepped in on an interim basis after leaving in November 2021 Markus Gilbertwho went; who left; who let will Cushman & Wakefieldis Deputy Chairman of the Private Clients Capital Markets practice.

“Marc is an accomplished leader with deep real estate expertise across all sectors, and we are pleased to have him on board to lead ShopCore’s continued performance and innovation,” said Drasites, now a managing director at Blackstone, in a statement. “ShopCore has made significant strides in executing its disciplined growth strategy focused on maximizing value in well-located, open-air retail centers that drive commerce and connection in their communities.”

In his new role, Ricks will oversee more than 65 shopping centers in 16 states totaling over 14 million square feet, according to Blackstone. ShopCore assets include Canarsie Plaza in brooklyn, Midtown Crossing in Los Angeles and the Downtown Palm Beach Gardens in Palm Beach, Fla.

“The team has done a remarkable job during a complex and unprecedented time for the retail industry in building, nurturing and investing in an exceptional portfolio with a stable and resilient tenant base,” Ricks said in a statement.

He comes to ShopCore after four years as CEO sidewalk labsAlphabet’s urban innovation platform, which has recently been fully integrated into the main organization at Google.

Google did not immediately respond to a request for comment.

As of 2015, Ricks was Senior Vice President of Development for Vornado Realty Trustwhere was involved in the public-private partnership between the company and Development of the Empire State in the controversial plan to rebuild the area immediately surrounds Pennsylvania station. The plan calls for up to 10 skyscrapers, most of which will be built by Vornado.

He also served as head of commercial strategy and industry verticals at Bloomberg LPlike Blackstone.

Mark Hallum can be reached at mhallum@commercialobserver.com.

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ODOT seeks public input and hosts virtual meeting on EV charging plan https://htlhb.com/odot-seeks-public-input-and-hosts-virtual-meeting-on-ev-charging-plan/ Tue, 21 Jun 2022 14:31:34 +0000 https://htlhb.com/odot-seeks-public-input-and-hosts-virtual-meeting-on-ev-charging-plan/ The Oklahoma Department of Transportation is hosting a virtual public meeting to present information and receive public feedback on Oklahoma’s Electric Vehicle Plan to expand the availability of EV charging stations along major highway corridors through a new federal program. Oklahoma will receive $66 million in federal funding over the next five years through the […]]]>

The Oklahoma Department of Transportation is hosting a virtual public meeting to present information and receive public feedback on Oklahoma’s Electric Vehicle Plan to expand the availability of EV charging stations along major highway corridors through a new federal program.

Oklahoma will receive $66 million in federal funding over the next five years through the National Electric Vehicle Infrastructure program to improve and expand its statewide network of electric vehicle charging stations. Through public-private partnerships, charging stations will be installed near freeways and other major highways and operated by external partners such as truck stops, shopping malls, local governments and tribes.

This virtual meeting and presentation will offer stakeholders from the public and transport sectors a first look at the program and the opportunity to contribute to the allocation of funds. These include proposals for Oklahoma highways and communities that need expanded electric vehicle charging capabilities and specific locations for stations.

Oklahoma Virtual EV Plan Meeting
Available from June 20th to July 5th
http://tiny.cc/EVpublicmeeting

The public can visit them http://tiny.cc/EVpublicmeeting You can watch a recorded presentation at any time and send comments to ODOT until July 5th. No face-to-face meeting is scheduled for this program.

Federal guidelines require that NEVI program funding prioritize the addition of charging stations at least every 50 miles along freeways and other already-designated alternative fuel corridors. These areas include key highway and turnpike corridors such as US-69, US-81 and US-412 along the Cimarron and Cherokee turnpikes. Once these corridors are addressed in Oklahoma, the remaining federal funds can be used to expand EV charging infrastructure in other underserved areas.

Questions and comments can be directed to the ODOT Multimodal Division [email protected]. Those without internet access may contact the ODOT Multimodal Division by mail at 200 NE 21st St., Oklahoma City, OK 73105 to request information or to provide comments.

For more information on Oklahoma’s electric vehicle infrastructure program, visit https://oklahoma.gov/evok

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Officials said the mandate for indoor mask weighing, and offered COVID shots for the youngest children https://htlhb.com/officials-said-the-mandate-for-indoor-mask-weighing-and-offered-covid-shots-for-the-youngest-children/ Sun, 19 Jun 2022 13:12:27 +0000 https://htlhb.com/officials-said-the-mandate-for-indoor-mask-weighing-and-offered-covid-shots-for-the-youngest-children/ With coronavirus infection rates rising, health officials are reportedly to be discussing a return to indoor masking and the possibility of approving COVID-19 vaccines for infants and preschoolers. Israel officially lifted the indoor mask mandate on April 24, scrapping one of the few remaining coronavirus restrictions still in effect after more than two years of […]]]>

With coronavirus infection rates rising, health officials are reportedly to be discussing a return to indoor masking and the possibility of approving COVID-19 vaccines for infants and preschoolers.

Israel officially lifted the indoor mask mandate on April 24, scrapping one of the few remaining coronavirus restrictions still in effect after more than two years of the pandemic.

According to an unnamed Health Ministry official quoted by public broadcaster Kan on Sunday, a return to the measure is under review and a decision will be made next week.

Since the mask requirement was first imposed in April 2020 and before it was lifted a few months ago, Israelis were required to wear face coverings indoors on all but 10 days last June, when the mandate was briefly lifted before being brought back quickly as it burgeoned cases at the time.

In addition, officials will also consider approving COVID-19 vaccines for the youngest children after U.S. regulators Friday gave their approval for the first vaccinations for infants and preschoolers.

According to news site Ynet, the Israeli Ministry of Health will discuss the matter at a meeting on Tuesday.

“Since there’s already an FDA recommendation, I don’t see why we shouldn’t do the same here,” said pediatrician Dr. Clalit Health Services’ Doron Dushnitsky, according to the report.

A six-year-old receives the COVID-19 vaccine from Pfizer-BioNTech in Hartford, Connecticut, November 2, 2021. (Joseph Prezioso/AFP)

The potential policy changes come as health experts have warned a new wave of infections appears to be underway.

As of Sunday morning, 158 patients were in serious condition, 48 of whom were classified as critical.

A week ago there were 106 patients in serious condition.

The reproduction number (R) saw a small drop, reaching 1.3 on Sunday – down from 1.31 on Saturday. At the beginning of the month it was 1.52. The R number is based on rates from ten days earlier and measures how many people each coronavirus carrier infects on average, with any number above 1 meaning the spread of COVID-19 is increasing.

It started to climb above 1 for the first time in mid-May after staying below that level for almost two months.

The health ministry said Sunday that 4,931 people tested positive for the virus a day earlier, compared with 3,339 new cases diagnosed a week earlier and 1,575 cases diagnosed two weeks ago. Test rates tend to decrease over the weekend.

The country’s death toll since the pandemic began stood at 10,896.

A Kaplan Hospital medical worker at the coronavirus ward on January 18, 2022. (Yossi Aloni/Flash90)

While Israel has been seeing rising infection numbers for several weeks, a surge in critically ill patients is a real concern as the country grapples with the spread of the new variant BA.5, with experts warning hospitals may have to reopen COVID wards if the Case is situation persists.

“The real clue is the number of patients in serious condition, because we know that a lot of the morbidity goes undetected because people don’t go and get tested, and that should also be taken into account,” says immune system expert Prof. Das’s Cyrille Cohen announced Bar Ilan University last week.

Cohen advised wearing masks in crowded places like buses and malls to avoid further cases of infection.

Last week, coronavirus czar Prof Salman Zarka said the new BA.5 variant is rapidly gaining traction and is more vaccine-resistant than previous strains.

He said BA.5 will replace Omicron as the dominant variant and will continue to gain ground.

However, other experts have said everything should be considered – including the possibility of offering a fifth vaccination to the elderly and immunocompromised.

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Regency Centers (NYSE:REG) is trading down 2% https://htlhb.com/regency-centers-nysereg-is-trading-down-2/ Fri, 17 Jun 2022 06:06:36 +0000 https://htlhb.com/regency-centers-nysereg-is-trading-down-2/ Regency Centers Co. (NYSE:REG – Get Rating) shares fell 2% during trade on Thursday. The company traded as low as $56.19 and most recently at $57.09. During midday trading, 1,817,919 shares were traded, up 80% from the average session volume of 1,007,912 shares. The stock had previously closed at $58.26. Separately, on Thursday, March 31, […]]]>

Regency Centers Co. (NYSE:REG – Get Rating) shares fell 2% during trade on Thursday. The company traded as low as $56.19 and most recently at $57.09. During midday trading, 1,817,919 shares were traded, up 80% from the average session volume of 1,007,912 shares. The stock had previously closed at $58.26.

Separately, on Thursday, March 31, StockNews.com began reporting on Regency Centers in a research note. They gave the company a “hold” rating.

The company’s 50-day moving average stands at $67.42.

Regency Centers Company Profile (NYSE:REG)

Regency Centers is the preeminent national owner, operator and developer of shopping centers in affluent and densely populated commercial communities. Our portfolio includes thriving properties marketed with highly productive grocers, restaurants, service providers and premier retailers connected to their neighborhoods, communities and customers.

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