On Thursday, Simon Property Group Inc (NYSE:SPG)’s shares inclined 1.11% to $183.43.
Swire Properties Inc, one of South Florida’s leading international developers of urban real estate and retail co-developers Whitman Family Development and Simon Property Group declared two additional luxury retailers, iconic Italian fashion house Valentino and bespoke Swiss watch and jewelry designer Chopard, set to open in Brickell City Centre’s 500,000 square-foot shopping center in fall 2016.
The two luxury retailers are the first in a series of forthcoming retail declarements for the $1.05 billion mixed-use project. Next week, Brickell City Centre will reveal an additional mix of contemporary brands, which will comprise a major NYC-based contemporary women’s apparel retailer, an American designer of men and women’s footwear, an international yoga and fitness apparel chain, a Colombian swimwear brand, among others. The project presently has about 450,000 of its 500,000 square feet in advance negotiations.
Both stores will be located in the street-accessible first floor of the outdoor shopping center, which will house Brickell City Centre’s luxury retailers. Premium and contemporary retailers will be the emphasis on the second and third floors, together with a mix of beauty, home decor, jewelry, apparel and other retailers. The food and beverage offerings, which are an integral piece of the entire Brickell City Centre retail concept, will offer a mix of fine dining, casual fare and new international brands opening flagships in the U.S.
Simon Property Group, Inc. is an equity real estate investment trust. The firm invests in the real estate markets across the globe. It engages in investment, ownership, administration, and development of properties. It primarily invests in regional malls, premium outlets, mills, and community/lifestyle centers to create its portfolio. Simon Property Group, Inc. was founded in 1960 and is based in Indianapolis, Indiana, with additional office in New York, New York.
Medivation Inc (NASDAQ:MDVN)’s shares gained 1.17% to $112.91.
Medivation, Inc. (MDVN) declared that for the third year in a row it was named among the top mid-sized companies in the San Francisco Bay Area News Group’s annual Top Workplaces competition. The results of the employee survey were featured in the most recent Top Workplaces special edition published in the San Jose Mercury News, on Sunday, June 28th. Medivation was ranked 31 among mid-sized companies and is the only biopharmaceutical company in that category.
Medivation, Inc., a biopharmaceutical company, focuses on the development and commercialization of novel therapies to treat serious diseases in the United States. It offers XTANDI for the treatment of post-chemotherapy metastatic castration-resistant prostate cancer (mCRPC) patients.
At the end of Thursday’s trade, PrivateBancorp Inc (NASDAQ:PVTB)‘s shares surged 2.12% to $41.99.
PrivateBancorp, Inc. (PVTB) stated net income of $46.4 million, or $0.58 per diluted share, for the second quarter 2015, contrast to $40.8 million, or $0.52 per diluted share, for the second quarter 2014, and $41.5 million, or $0.52 per diluted share, for the first quarter 2015. For the six months ended June 30, 2015, the Company had net income of $87.9 million, or $1.10 per diluted share, contrast to $75.3 million, or $0.96 per diluted share, for the six months ended June 30, 2014.
Second Quarter 2015 Highlights
- Total loans grew to $12.5 billion, up $1.4 billion, or 13 percent, from a year ago and up $372.8 million, or 3 percent, from March 31, 2015, driven by growth in commercial and industrial and commercial real estate loans.
- Total deposits were $13.4 billion, a decline of $712.8 million, or 5 percent, from March 31, 2015, reflecting the predictable client redeployment of transaction-related funds received during the first quarter. Deposits were up $1.2 billion, or 9 percent, from a year ago.
- Net interest margin was 3.17 percent, declining from 3.21 percent both for the second quarter 2014 and the first quarter 2015, primarily driven by a lower level of loan fees and continued yield compression.
PrivateBancorp, Inc. operates as the holding company for The PrivateBank and Trust Company that provides customized financial services to middle market companies, business owners, executives, entrepreneurs, and families in the United States. It offers commercial and personal banking products and services, counting checking, savings, and money market accounts; corporate deposits; interest-bearing and non-interest bearing demand deposits; and certificates of deposits.
PDC Energy Inc (NASDAQ:PDCE), ended its Thursday’s trading session with 0.80% gain, and closed at $49.10.
PDC Energy, Inc. (PDCE) declared plans to host a conference call with investors to talk about 2015 second quarter results. Conference call materials will be accessible on the Company’s website, www.pdce.com, at the time of the call.
Conference Call and Webcast:
Date/Time: Monday, August 10, 2015 at 11:00 a.m. ET
PDC Energy, Inc., an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The company operates in two segments: Oil and Gas Exploration and Production, and Gas Marketing. The Oil and Gas Exploration and Production segment produces and sells natural gas to midstream service providers, marketers, and utilities; crude oil; and natural gas liquids.
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