SEOUL-The property was purchased for one of the Hamburg, Germany’s funds in 2006 for less than $30 million, the company said in a statement.

COLUMBUS, OH-An agreement allows the city to annex the Penn-owned site from Franklin Township, and the firm and Columbus will contribute about $20 million to local development.

LAS VEGAS-Howard Schultz, chairman, president and CEO of Starbucks, told RECon attendees Tuesday that he wasn’t afraid to close stores to retrain on customer service principles.

LAS VEGAS-The RECon panel “Papa’s Got a Brand New Bag” brought together grocers to discuss the vast choice of stores now available to consumers, and what it means to CRE.

LAS VEGAS-As outgoing ICSC chairman Taubman reminded RECon attendees that shopping centers must be social gathering hubs, retailers pitched their aggressive growth strategies for 2012.

LAS VEGAS-Capital has returned, and retailers will grow again, agreed speakers and attendees at the ICSC conference Monday morning. However, some believe spending will be slow.

WARSAW-Colliers International’s new director hire, Sean Dowsey, says that Central and Eastern Europe are seeing CRE markets improve.

CHICAGO-A new study by Jones Lang LaSalle, “Get Mobile: How to Navigate the Digital Playing Field”, details how retailers must adapt to mobile shoppers.