- The Doomsayer's Guide to the Fed, Rates and What Could Go Wrong “It’s the most closely dissected and highly anticipated decision on U.S. interest rates in recent memory. Traders and analysts alike have had years to prepare. So if the Federal Reserve finally does raise rates this week, what could possibly go wrong?” (Bloomberg)
- 4.4 Million U.S. Properties Remain in Negative Equity “According to Irvine, Calif.-based CoreLogic, 759,000 U.S. properties regained equity in the second quarter of 2015, bringing the total number of mortgaged residential properties with equity at the end of Q2 2015 to approximately 45.9 million, or 91 percent of all mortgaged properties.” (World Property Journal)
- Big Retailers, Delivery Firms Face Struggle to Find Holiday Workers “For the past two years, Amazon.com Inc., Wal-Mart Stores Inc., Target Corp. and other big retailers have been flinging up warehouses and distribution centers across the country to get their online orders to customers faster.” (Wall Street Journal)
- U.S. Grocery Chain Albertsons to Press Ahead with IPO: Sources “U.S. supermarket chain Albertsons Companies Inc is moving ahead with plans for an initial public offering in late September or early October that could value it as much as $24 billion, including debt, according to people familiar with the matter.” (Business Insider)
- Steve Madden, Kate Spade Top the Fastest Growing Retailers in 2015 “Despite sluggish retail growth earlier this year, consumer spending is gradually picking up in part thanks to low gas prices.” (Forbes)
- Is It Too Late for American Apparel to Overcome Its Legal and Financial Problems? “Finally, a bit of good news for American Apparel Inc.: The troubled retailer is not on the hook for legal fees rung up by its former chief executive, Dov Charney, dismissed in December amid wide-ranging questions about his behavior and suitability for the job.” (Market Watch)
- After 100 Years in New York, Cushman & Wakefield Relocates Global HQ to Chicago “Now that Cushman & Wakefield and DTZ have completed their $2 billion merger, change is coming to Chicago, both in name and in practice.” (Crain’s New York Business)
- Fred DeLuca, Co-Founder of Subway Sandwich Chain, Dies at 67 “Fred DeLuca, who in 1965, at 17, borrowed $1,000 to open a sandwich shop in Bridgeport, Conn., to help pay college expenses and parlayed that experience into building Subway, the world’s largest chain of fast-food franchises, died on Monday night. He was 67.” (New York Times)
- Pelosi's HBO Documentary Takes on S.F. Developers (Video) “Nancy Pelosi's daughter, Alexandra, has made a documentary with HBO exploring the thorny issue of gentrification and income inequality sweeping San Francisco.” (San Francisco Business Times)
- Inland Real Estate Acquisitions Acquires Three Properties Totaling 607,000 sq. ft. “Inland Real Estate Acquisitions, Inc. announced the acquisition of three properties, located in Florida, California and Colorado, purchased in August on behalf of an Inland affiliate. The acquisitions collectively total more than $104 million for approximately 607,000 sq. ft. of commercial real estate.” (Chain Store Age)
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