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    Dickinson getting new retail center, big name stores - June 23, 2012 by Mr HomeBuilder

    Several large retailers and hotels are coming to Dickinson.

    Hilton Garden Inn Hotel, HomStay Suites, Home 2 Extended, Cash Wise Foods, Cash Wise Liquor, Menards, AT&T, Dollar Tree, Petco, Gate City Bank, Value Place and Shoe Carnival have committed to opening in a new retail

    Several large retailers and hotels are coming to Dickinson.

    Hilton Garden Inn Hotel, HomStay Suites, Home 2 Extended, Cash Wise Foods, Cash Wise Liquor, Menards, AT&T, Dollar Tree, Petco, Gate City Bank, Value Place and Shoe Carnival have committed to opening in a new retail complex, West Ridge Center, to be located in the northwest corner of Interstate 94, Exit 59. There will be 250,000 square feet of commercial space.

    Theres been a lot of population growth in the Dickinson area and eventually retail catches up with growth in population, said Larry Nygard, president of Roers Development. Dickinson is a retail hub. It serves a very large geographical area in western North Dakota. Not only has Dickinson grown, the whole trade area has grown.

    Roers Development Inc. will break ground on West Ridge Center this summer. The buildings for some of the confirmed tenants are set to be complete by spring 2013.

    The Hilton Garden Inn will have 126 rooms, Home 2 Extended will have 107 rooms, HomStay Suites will have 120 rooms and Value Place will have 128 rooms.

    Roers also is in negotiations with several other retailers, Chief Executive Officer Jim Roers said in a release.

    Nygard also said there is room for expansion of the development. The first phase of construction will cover 160 acres and will include some single and multi-family housing as well as retail. Roers has a total of 500 acres available for development in the area.

    complex, West Ridge Center, to be located in the northwest corner of Interstate 94 Exit 59.

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    Dickinson getting new retail center, big name stores

    Retail Vacancy Rate In Central NJ Drops To 9.1% Following Numerous 'Big Box' Absorptions, According To R.J. Brunelli … - June 23, 2012 by Mr HomeBuilder

    OLD BRIDGE, N.J., June 22, 2012 /PRNewswire/ --The retail vacancy rate along central New Jersey's major shopping corridors fell to 9.1% in April from a 10-year-high of 10.5% a year ago and 9.8% in 2010 as a series of 'big box' absorptions triggered improvements on three highways and a stable picture on the fourth, according to R.J. Brunelli & Co., LLC. The performance snapped a string of five consecutive years of rising vacancies, but the region's current rate remains well above the 10-year low of 3.4% attained in 2006.

    In its 23rd annual study of the central New Jersey market, the Old Bridge-based retail real estate brokerage found 2.79 million square feet of vacancies in the 30.53 million square feet of space studied along State Highways 1, 9, 18 and 35 in Mercer, Middlesex and Monmouth counties, and a small section of Ocean County. Route 18 posted the steepest drop in its vacancy factor, while Routes 1 and 35 also improved and Route 9 held even.

    Vacancies were seen in 195 of the 785 sites evaluated throughout the region. The study evaluated shopping centers and freestanding buildings exceeding 2,000 square feetincluding restaurants, auto service facilities and vacant auto dealerships whose location and configuration makes them viable for retail use. Regional malls and centers under construction or major redevelopment are excluded.

    Taken together with the slight increase to 8.2% from 8.1% in the vacancy rate along six northern New Jersey highways announced by R.J. Brunelli last week, the vacancy factor for the 10 retail corridors surveyed by the firm in the central and northern parts of the state declined to 8.7% from 9.3% in 2011. All told, the firm found 5.11 million square feet of empty space in the 58.87 million square feet evaluated. Big box spaces accounted for 2.41 million square feet, or 47.0%, of the vacancies.

    "The improved picture in central New Jersey over the past 12 months is largely due to positive activity on the big-box front, where full or partial absorptions of 10 spaces more than offset three fresh vacancies," said Richard J. Brunelli, president of the firm. "Still, lingering vacancies in nearly 30 other big-box spaces along the corridors continued to keep the region's vacancy rate elevated."

    By virtue of those absorptions, vacant big boxes of 20,000 square feet or more combined for approximately 1.31 million square feet, or 47.1%, of available retail space along the four corridors, down from a 54.5% share in the firm's 2011 study. Notably, 1.20 million, or 91.4%, of the region's big-box space has been on the market for a year or moreand, in a number of cases, for several years. These longer-term vacancies primarily emanated from bankruptcies or downsizings at such retailers as The Great Atlantic & Pacific Tea Co. (which subsequently emerged from Chapter 11), Levitz, Linens 'n Things, Circuit City, Office Depot, Value City, and, more recently, Borders. All told, those chains accounted for approximately 726,000 square feet of vacant space along the four corridors this year, down from 953,000 square feet in 2011a net absorption of 227,000 square feet.

    A&P's Chapter 11 remained the biggest contributor to the region's big-box vacancies, with four Pathmark stores aggregating approximately 218,000 square feet still available since last year. The only location absorbed since the 2011 survey was a 59,700-square-foot former A&P in East Brunswick that was snapped up by Stop & Shop.

    Among the other chains that shed multiple locations in the region, Office Depot's five stores totaling approximately 118,000 square feet are all still empty; three Linens 'n Things totaling 98,000 square feet remain available following the absorption of two locations aggregating 69,000 square feet on Route 35 to Best Market in Holmdel and Lord & Taylor Home in Shrewsbury; the long-vacant 82,000-square-foot Levitz on Route 35 in Wall is still unclaimed, while Ashley Furniture took the chain's 70,000-square-foot showroom in Eatontown; the former 126,000-square-foot Value City at Seaview Square on Route 35 is still available, but the bulk of the remaining 53,000 square feet in the chain's former building at the Manalapan Epicenter on Route 9 is now being subdivided for Sports Authority and a 6,000-square-foot tenant that's in negotiations, leaving just 5,300 square feet. These newcomers to Manalapan will join the PC Richard and Son that opened last year in a deal brokered by R.J. Brunelli, which is the exclusive leasing agent for the property. Meanwhile, the region's one remaining former Circuit City--a 32,000-square-foot space at Woodbridge Crossing on Route 1--remains available, while two Borders along the corridors totaling over 52,000 square feet are empty, as the West Windsor location closed in last year's survey was joined this past year by the site in Eatontown.

    The other major bankruptcy contributing to the spike in 2011 vacancies, Blockbuster, continued to have an impact in 2012. Of the 13 locations aggregating 74,000 square feet that were closed along the corridors last year, just one on Route 35 in Ocean Township was leased to a 3,600-square-foot yogurt shop.

    "The drop in central New Jersey's retail vacancy rate from 10.5% to 9.1% this year confirms that fact that the retail space market has 'bottomed out.' I believe its recovery will accelerate through 2013, especially if the national Presidential election results in business friendly regulations with no increase in taxes and if the financial crisis in Europe is solved," Mr. Brunelli said.

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    Retail Vacancy Rate In Central NJ Drops To 9.1% Following Numerous 'Big Box' Absorptions, According To R.J. Brunelli ...

    Planning Commission considers conversion of retail space to apartments - June 22, 2012 by Mr HomeBuilder

    Planning Commission considers conversion of retail space to apartments

    By Peggy Kelly Santa Paula News Published:May 30, 2012

    Its back to the drawing board, but still closer to approval for 10 long-vacant commercial/retail storefronts on East Harvard Boulevard whose owner wants to convert to six live/work apartments.

    At the May 22 meeting the Planning Commission asked that the plan - which includes the construction of a six-unit apartment complex on adjacent land - be fine tuned.

    Deputy Planning Director Stratis Perros told commissioners that the owner of the property - located southeast of Isbell Middle School - wants to convert the retail/commercial spaces to live/work units. This is a somewhat complicated project that Perros said has been in the works for more than a decade since the complex, which includes 28 apartments as well as business storefronts, was completed about 14 years ago.

    The conversion would create one- and two-bedroom apartments and the new apartment complex would be two and a half stories tall with 5,555 square feet. Perros said the retail/commercial units have been largely vacant, although rents were below market average.

    New and converted apartments would have to meet the Inclusionary Housing Ordinance and offer some units for lower-income households. The plan ultimately would be decided by the City Council, which must approve the proposed zone change.

    Commissioner John Wisda asked if the converted units could be solely residential, and Perros noted that people are already allowed to run certain businesses from their home.

    Architect Mark Pettit of Lauterbach & Associates of Oxnard said the project underwent a commission concept review last year that included much input. We tried to be everything to everyone, he said, and although we have absolutely no problem if the wish is all residential, there has been interest from potential tenants who would prefer the live/work space.

    Commissioners had several comments, ranging from window upgrades and coverings to offering a consistent view from the street to landscape improvements.

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    Changes coming to Parkland's Garfield Street - June 22, 2012 by Mr HomeBuilder

    On Garfield Street in Parkland, a row of aging business buildings stands across the street from a modern college bookstore and commons signs of a neighborhood in transition.

    The eclectic, two-block stretch wedged between Pacific Lutheran University and Pacific Avenue South soon could see its biggest change yet, with the help of a state-approved tax break.

    Construction on a $20 million project to build 104 apartments, plus office and retail space, a block away from PLU is expected to start late this year. The apartments would contrast sharply with the lower-end rental units along the Pacific Avenue strip.

    The project aims to attract PLU professors, staff members and other professionals to live near campus instead of in downtown Tacoma or Seattle, said developer John Korsmo Jr.

    It will be a great housing opportunity to keep the people that are working in the community living in the community, Korsmo told the Pierce County Council last month.

    PLU officials are excited, too.

    I just think its going to change the whole vibe on Garfield Street, the entrance to campus, and be a wonderful place to live and work, said Sheri Tonn, the universitys vice president of finance and operations. But the four-story project, called Garfield North, has drawn some criticism because of the tax break that will help drive it.

    State lawmakers this year approved a 12-year property tax exemption on the value of new residential housing on Garfield. The legislation was designed specifically for this project.

    Roxy Giddings, who lives nearby, told the County Council the exemption is a big fat tax loophole. She said she fears shell have to pay extra taxes because of it.

    Graham resident Matt Hamilton also objected. When you lower somebodys tax, you have to raise somebody elses tax, he said.

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    Changes coming to Parkland's Garfield Street

    Construction Ahead of Schedule on Menlo Worldwide Logistics' Advanced Green Distribution Center - June 21, 2012 by Mr HomeBuilder

    SAN MATEO, CA and SINGAPORE--(Marketwire -06/21/12)- Menlo Worldwide Logistics, the global logistics subsidiary of Con-way Inc. (CNW), announced construction is ahead of schedule on its eighth Singapore facility, a 400,000-square-foot build-to-suit warehousing and retail distribution management center on Sunview Way. The new facility, which is being constructed to achieve the Singapore Building and Construction Authority's (BCA) Green Mark Gold Plus certification, is expected to be completed this fall.

    The center will house inventory and distribution operations for several current Menlo customers, while retaining substantial capacity for new customers, noted Desmond Chan, managing director, South Asia for Menlo Worldwide Logistics. "We are getting a lot of interest in this facility, which will be among the most environmentally friendly commercial logistics facilities in the region," said Chan. "We welcome the interest and we encourage local businesses to consider this facility for high-efficiency warehousing and distribution services."

    To achieve the BCA's Green Mark Gold Plus certification, the facility incorporates several advanced design and construction features emphasizing high levels of environmental sustainability and energy and water resource conservation. These features include the use of green cement and recycled concrete aggregates (RCA) for concrete used in constructing the main building elements, west-facing faade orientation, tinted reflective glass windows and sun-shading provisions for increased thermal efficiency. "Receiving the BCA Green Mark Gold Plus certification for our Sunview facility is an honor and a clear indicator of our commitment to environmentally friendly facilities and practices," Chan said.

    To further increase energy conservation, the facility will be equipped with high-efficiency air-conditioning equipment, as well as advanced lifts designed with AC variable voltage and variable frequency motor drive and sleep mode features. High frequency ballasts in fluorescent luminaries, such as Philips T5 Lighting, will provide efficient, quality workplace lighting. Additional features which promote environmental sustainability include motion sensors and timers on electric appliances and lighting, as well as sustainably sourced office carpet, internal partitions and ceiling boards.

    Following completion of construction, Menlo intends to operate the facility using Lean methodologies and practices promoting operational efficiency, environmental sustainability, waste minimization, energy and resource conservation, and recycling of reusable goods.

    With operations in Singapore for nearly 20 years, Menlo provides a wide variety of logistics, warehousing, inventory and transportation management, distribution, fulfillment, light manufacturing and supply chain design and engineering services for local and multinational customers. The new Sunview facility will provide product warehousing and distribution, high-velocity picking and packing operations, customized labeling and return management services. The company expects to employ 150 people once the site is fully operational.

    "By emphasizing green-certified development practices and materials, Menlo is setting the precedent for other leading companies to follow," said Nitin Chhabra, Head of Supply Chain, Philips Lighting. "The company is working to grow and expand its business footprint in Singapore while simultaneously reducing its environmental footprint. We are proud that Philips Lighting products will play a role in that process." Philips will be a customer in the new facility, where Menlo will be providing a range of services including inbound receipt of finished goods, storage and inventory management, pick/pack fulfillment and shipping of orders to local Singapore and Asia regional customers.

    Menlo's existing seven facilities are located throughout Singapore with 450 employees and provide dedicated and multi-client distribution services. Menlo also operates additional multi-client logistics facilities in Southeast Asia, as well as China, India, Australia, North America and Europe.

    Follow the Con-way companies on Twitter: http://twitter.com/MenloLogistics

    Menlo Worldwide Logistics images are available at http://www.con-way.com/en/about_con_way/newsroom

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    Construction Ahead of Schedule on Menlo Worldwide Logistics' Advanced Green Distribution Center

    Retail REIT Executive: Most Failed Malls Will Languish - June 21, 2012 by Mr HomeBuilder

    By Kris Hudson

    Many cities saddled with a dying mall envision rebuilding the eyesore as a multilevel, mixed-use complex with vibrant stores, offices and condominiums.

    Most of those cities are dreaming, and the harsh reality is that their derelict retail properties likely will linger and deteriorate for many more years, according to Don Wood, president and chief executive of shopping center owner Federal Realty Investment Trust.

    Mr. Wood oversees a real-estate investment trust that owns 85 shopping centers totaling 19 million square feet in major U.S. cities. Yet, he told an audience at the National Association of Real Estate Editors annual conference on Wednesday that he considers the U.S. to be overbuilt with retail properties.

    There is too much retail supply in this country, and that will affect values and redevelopment and whether or not something gets torn down, Mr. Wood said in a 50-minute address at the Denver conference.

    Thats a concern as the U.S. faces the likely failure of many retail properties in the coming years due to the ongoing rise of online shopping and store closures by one-time stalwarts such as Best Buy and Abercrombie & Fitch. Green Street Advisors, an analysis firm that tracks REITs, has forecast that 10% of the roughly 1,000 large malls in the U.S. will fail within the next 10 years and be converted into something with far less retail. Thats a conservative estimate; many mall CEOs predict that the attrition rate will be higher.

    U.S. retail vacancy rates continue to decline from their recent heights, partly due to the dearth of new retail construction after decades of overbuilding. Retail vacancy in the top 54 U.S. markets was 7.3% in this years first quarter, down from a high of 7.9% in the first quarter of 2010, according to real-estate research company CoStar Group. Retail space now amounts to 50.2 square feet per capita in the top 54 U.S. markets, CoStar says.

    With the specter of more ghost malls looming, municipal leaders often draft plans to replace their failing mall with dense, mixed-use projects intended to serve as new city centers. The trouble is, many markets lack the key elements needed to support such a project, Mr. Wood said. He should know, since Federal Realtys main specialty is redeveloping urban shopping centers into mixed-use projects such as the REITs Bethesda Row in Bethesda, Md., and Santana Row in San Jose, Calif.

    First and most important, mixed-use projects require a much higher population density and household income than typically are found in the markets surrounding a failed mall. Second, building such dense projects is highly expensive due to underground parking and multiple floors above grade. Third, not all developers are savvy enough to coordinate construction of divergent real estate such as retail, residential, office and hotel.

    Fourth, such mixed-use projects are so expensive that the local municipality often must provide some type of financial assistance, which some cant readily do.

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    Retail REIT Executive: Most Failed Malls Will Languish

    Bangkok retail market recovered from floods - June 21, 2012 by Mr HomeBuilder

    Home business Bangkok retail market recovered from floods

    Bangkok Retail

    The Nation June 21, 2012 1:00 am

    CBRE measured the level of shopping-centre development in 180 of the world's major cities to identify the most active markets, both in terms of 2011 completions and space currently under construction.

    The research found that development activity had reached significant levels, with 29.6 million square metres under construction globally - equivalent to all the combined existing space in France, the United Kingdom and Germany - while 7.8 million square metres of new space opened last year.

    Emerging markets such as China, Turkey and India are far more active than the more mature markets of Western Europe and North America.

    Last year, new shopping centres opened in 63 of the cities covered in the survey, of which 50 were in emerging markets. In contrast, only five cites in Western Europe saw the opening of a new centre.

    "In Bangkok, the retail market saw a full recovery from the floods of 2011. All retail stores closed during the floods were reopened and retail sales improved," said James Pitchon, executive director - head of CBRE Research in Thailand.

    "The two key trends are community malls in Bangkok and expansion of major retail developers to upcountry; CPN, the country's leading retail property developer with a 22-per-cent market share of leasable area of Bangkok's shopping malls, plans to open five new malls upcountry within this year."

    The company said the total retail supply in Bangkok as of the first quarter of this year had risen to 5.75 million square metres, an increase of 1 per cent from the final quarter of last year and 5 per cent from the same period a year ago, with the majority of new additions in the community mall format.

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    Bangkok retail market recovered from floods

    Shabu Shabu Restaurant Fills Vacant Retail Space In Belmont Shore - June 21, 2012 by Mr HomeBuilder

    The owners of California Shabu Shabu, a Japanese restaurant chain where customers cook their own food in boiling pots of water seasoned with kelp, plan to open a new eatery in Belmont Shore.

    Located at 5242 E. Second St., between Legends and Peets Coffee & Tea, the fourth installation of California Shabu Shabu is scheduled to open this summer, likely in August, said owner Ash Chan. The Second Street location was formerly a shoe store.

    The original California Shabu Shabu opened 15 years ago in Fountain Valley, Chan said. We believe in Belmont Shore and I just moved here, to Belmont Heights. We are so excited to open our doors in the center of Second Street and Belmont Shore.

    Chan said it has taken several months to renovate the space and transform what once was a retail store into a venue with a kitchen and dining room.

    The biggest problem was engineering and the repairs that needed to be done so that we could install the proper ventilation and equipment for this to be a restaurant, Chan said. Its probably been about eight months of work, maybe more. We are really hoping to be open in August.

    Meanwhile, the business owner is applying for a beer and wine license and completing the restaurants design, which includes brick facades, wall murals, window frame television mounts and a modern, industrial style that mirrors the industrial history of Long Beach.

    Derek Burnham, city planning administrator, said permits have been issued for construction of the restaurant. Although the restaurant is taking the place of a retail storefront, he added that the owners have worked with the city to ensure that parking will not be impacted.

    Parking is always complicated in Belmont Shore, Burnham said. Using typical zoning code calculations for parking requirements, he explained that because California Shabu Shabus dining area will be considerably smaller than the former shoe stores total square footage, no additional parking spaces would be required.

    Restaurants need to have more parking per square foot than retail spaces, but restaurant square footage is based on the dining area only, whereas retail parking requirements are based on total square footage.

    If we keep the dining area small enough, then the business really cannot accommodate extra patrons, he said. This has been typical for other buildings in the area that have gone from retail to restaurant space.

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    Shabu Shabu Restaurant Fills Vacant Retail Space In Belmont Shore

    Sports Authority to expand into old Mervyn's site at mall - June 20, 2012 by Mr HomeBuilder

    The Sports Authority store at Santa Fe Place is planning to double its space by moving into part of the old Mervyn's site early next year in what mall owners hope will spark redevelopment of the shopping center.

    Sports Authority, a privately held company based in Englewood, Colo., has a 19,000-square-foot store inside the mall. The expansion would double its space and give the store a higher profile, the manager said.

    Construction on the 40,000-square-foot Mervyn's space will begin in October, with the opening of a new Sports Authority set for spring 2013, according to a news release from Trademark Property.

    The current Sports Authority space is not enough to allow for a full-service store. With the expansion, the sporting goods store will have its own entrance and be able to offer a full line of products, said Tommy Miller, president of the Fort Worth-based Trademark Property Co.

    Founded in 1928, Sports Authority operates 450 stores in 45 states and has 7,400 employees, but the only other New Mexico store is in Albuquerque. No one from Sports Authority was available to elaborate on the expansion.

    Trademark Property acquired Santa Fe Place with a private equity partner in June 2010. It has since announced redevelopment plans for the mall, which has 571,000 square feet of retail space with Dillard's, J.C. Penney and Sears as anchors. But those plans have stalled due to the economic downturn.

    Miller said Sports Authority will take two-thirds of the Mervyn's space on the side by Sears. There is interest in the rest of the space, and the commitment by the sporting goods chain should help recruit new tenants, he said.

    The Mervyn's retail chain declared bankruptcy in 2009, and the space has been empty since then.

    According to the Trademark Property Co. website, the mall redevelopment would include:

    An open-air "lifestyle court" at the main entrance.

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    Sports Authority to expand into old Mervyn's site at mall

    London close: Stocks jump ahead of FOMC meeting - June 19, 2012 by Mr HomeBuilder

    LONDON (ShareCast) - - Markets look to FOMC with optimism - G20 meeting still ongoing, leaders pledge support - Whitbread (Other OTC: WTBCF.PK - news) , Home Retail lead risers in London Central bank (Other OTC: CBSU.PK - news) stimulus speculation was doing the rounds today ahead of a key policy meeting in the US, fuelling a strong rise for the Footsie (FTSE: ^FTSE - news) - the index finished at its highest level in over six weeks. The Federal Open Market Committee (FOMC) convened today for a two-day meeting, with markets hoping that members will vote on further easing measures in light of recent mixed economic data and Eurozone concerns - the S&P 500 (SNP: ^GSPC - news) index rose to a one-month high after the opening bell in New York (Frankfurt: A0DKRK - news) . "It's possible that the Federal Reserve will do something else," market strategist David Kelly from JPMorgan Funds was quoted as saying this afternoon. "It's possible that they will do some further extension of Operation Twist. They seem overly sensitive to the possibility that the market will react badly to them not taking action." The Office for National Statistics revealed today that UK inflation fell from 3.0% to 2.8% in May, under expectations and back within the government's target level, prompting speculation that the Bank of England would soon ramp up its quantitative easing programme. There were also rumours that the European Central Bank is considering pursuing a 'Funding for Lending' scheme for European banks similar to the action announced last week in the UK which offers lenders capital below market rates to lend to businesses. Meanwhile, the Group of 20 (G20) summit in Los Cabos, Mexico, is still ongoing, yet a leaked draft communiqu said leaders have pledged to take "all necessary measures to safeguard the integrity and stability" of the Eurozone. FTSE 100 (Euronext: VFTSE.NX - news) : Whitbread surges after 'robust' Q1

    Forecast-beating like-for-like (LFL) sales growth in its first quarter saw shares of Whitbread jump today. The Premier Inn and Costa Coffee owner reported that LFL sales increased by 4.5%, better than expectations of a 3% improvement. Numis said that the numbers were very encouraging and thinks that "the business model is looking very robust". Engineering (Milan: ENG.MI - news) group Weir was also making impressive gains after reiterating its full-year forecast at its capital markets presentation today. Jefferies has said that this implies the reconfirmation of the pre-tax profit guidance of 470m "which would in theory be equivalent to a 4% upgrade versus Bloomberg consensus forecasts". Property firm Hammerson (Paris: GB0004065016 - news) rose after announcing that it is set to off-load most of its London office space as it pushes forward with plans to focus solely on retail space. The company has exchanged contracts on the majority of its office portfolio with Brookfield Office Properties for 518m. Consumer products (OTC BB: CPSV.OB - news) and food groups were firmly out of favour today after France's Danone (Milan: DNN.MI - news) slashed its 2012 guidance on the back of the tough trading environment in Europe (Chicago Options: ^REURUSD - news) in the second quarter. Household cleaning and cosmetic firm Unilever (Other OTC: UNLNF.PK - news) was unwanted, along with sweeteners giant Tate & Lyle (EUREX: TATF.EX - news) and breads manufacturer AB Foods. FTSE 250 (FTSE: ^FTMC - news) : Home Retail rockets on Argos performance

    Shares in Home Retail Group (EUREX: HOMF.EX - news) leapt after sales at its Argos division held up in the first quarter, delighting investors who expected them to be hit by bad weather. The stock jumped nearly 24% after Argos revenues came in at 819m for the quarter, down 0.2% on a like-for-like basis. The City consensus was for a 4% fall in like-for-like sales in the three months to the start of June after the wettest April in 100 years. Fellow retailer Dixons was on the up after Bank of America (NYSE: IKJ - news) upgraded the stock to 'neutral'. Engineering and construction group Kentz (LSE: KENZ.L - news) rose strongly after it said it was on track to hit its revised targets as its backlog of work continued to grow.At the end of May 2012 that backlog had grown to $2.5bn, up from $2.46bn in April. Military counter-measures specialist Chemring was a heavy faller after saying that global defence markets continue to be uncertain, with budget cuts in all NATO countries. Nevertheless, it remains confident of a strong second half and meeting full-year expectations. FTSE 100 - Risers Whitbread (WTB) 1,967.00p +6.38% Eurasian Natural Resources Corp. (ENRC) 435.00p +5.05% Weir Group (Other OTC: WEIGF.PK - news) (WEIR) 1,503.00p +4.59% BG Group (Hamburg: BGO.HM - news) (BG.) 1,284.00p +4.31% Wolseley (Berlin: WLY1.BE - news) (WOS) 2,322.00p +3.99% Kingfisher (Euronext: KFR.NX - news) (KGF) 284.00p +3.92% Kazakhmys (Munich: A0HFWR - news) (KAZ) 743.00p +3.84% Prudential (LSE: PRU.L - news) (PRU) 731.00p +3.69% IMI (Xetra: 389425.DE - news) (IMI (EUREX: IMIF.EX - news) ) 865.50p +3.65% ARM Holdings (LSE: ARM.L - news) (ARM) 508.00p +3.55% FTSE 100 - Fallers Tate & Lyle (TATE) 638.00p -1.31% Morrison (Wm) Supermarkets (MRW) 276.30p -0.93% Intertek Group (Other OTC: IKTSF.PK - news) (ITRK) 2,571.00p -0.92% Diageo (Other OTC: DGEAF.PK - news) (DGE) 1,590.50p -0.72% Fresnillo (Frankfurt: A0MVZE - news) (FRES) 1,549.00p -0.58% Unilever (Amsterdam: UNIA.AS - news) (ULVR) 2,075.00p -0.57% Associated British Foods (Dusseldorf: 719064.DU - news) (ABF) 1,224.00p -0.41% Polymetal International (POLY) 906.50p -0.33% Rexam (Xetra: 860000 - news) (REX) 407.50p +0.10% Severn Trent (Stuttgart: A0LBHG - news) (SVT) 1,749.00p +0.17% FTSE 250 - Risers Home Retail Group (HOME) 91.85p +23.54% Dixons Retail (Other OTC: DSITF.PK - news) (DXNS) 15.91p +16.99% Kentz Corporation Ltd. (KENZ) 365.90p +12.58% Carpetright (Xetra: 904879 - news) (CPR) 728.50p +7.05% Halma (HLMA) 400.40p +5.17% Bwin.party Digital Entertainment (BPTY) 124.70p +4.88% Essar Energy (Dusseldorf: 11224817.DU - news) (ESSR) 120.10p +4.71% Savills (LSE: SVS.L - news) (SVS) 349.50p +4.70% SEGRO (Munich: A0N9B0 - news) (SGRO) 222.90p +4.31% Ferrexpo (Stuttgart: A0MRG2 - news) (FXPO) 218.40p +4.05% FTSE 250 - Fallers Chemring Group (CHG) 293.50p -9.25% Imagination Technologies Group (IMG) 456.90p -5.95% Bumi (BUMI) 349.10p -2.70% Domino Printing Sciences (DNO) 550.00p -2.65% AZ Electronic Materials SA (DI) (AZEM) 290.80p -1.86% Man Group (LSE: EMG.L - news) (EMG) 73.10p -1.75% Capital & Counties Properties (CAPC) 200.00p -1.67% Interserve (Xetra: 860509 - news) (IRV) 297.20p -1.49% NMC Health (NMC (Other OTC: NMCX.PK - news) ) 199.70p -1.38% Perform Group (PER) 373.00p -1.32% BC

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