On Monday, Shares of Retail Properties of America Inc (NYSE:RPAI), lost -1.21% to $13.83.
Retail Properties of America, declared it signed a 16,825 square foot lease with Great Gatherings, which is predictable to open in November 2015 and represents its fourth location in the Washington, D.C./Baltimore corridor. The leased rate at Downtown Crown now stands at 88.7%, up from 77.5% when the Company attained the asset in January 2015.
“Downtown Crown attracts our perfect customer – a discerning shopper who loves to entertain in the home,” says Joe Pucci, CEO and founder of Great Gatherings. “We’re going to give them a place to easily visualize and experience all the unique and exciting ways to ‘play up’ their homes - there’s no other retail concept quite like ours and Downtown Crown is an ideal fit.”
Downtown Crown represents the commercial core of the 180-acre Crown community, which is predictable to comprise more than 2,200 residential units upon completion. The retail component of Downtown Crown is comprised of 258,000 square feet of retail space, counting a neighborhood center component anchored by Harris Teeter and a lifestyle center component anchored by a variety of national and regional restaurant concepts such as Coastal Flats, Ted’s Montana Grill, Old Town Pour House and Ruth’s Chris Steakhouse. The retail component opened in phases starting in the fourth quarter of 2013 and was attained by the Company in January 2015.
Retail Properties of America, Inc. is a real estate investment trust. It engages in acquisition, development and administration of properties. The trust invests in the real estate markets of United States.
Shares of Symetra Financial Corporation (NYSE:SYA), declined -0.03% to $31.45, during its last trading session.
Symetra Life Insurance Company has strengthened its flagship no-lapse guarantee universal life insurance — Symetra UL–G — enhancing the product’s Chronic Illness and Terminal Illness Riders and adding an optional Chronic Illness Plus Rider. Selected at issue and available at an additional cost, the new Chronic Illness Plus Rider gives policyholders a greater level of control over their insurance protection when they have a qualifying event.
“We’ve improved Symetra UL–G to strengthen its guaranteed life insurance protection with living benefits,” said Meg Skinner, senior vice president, Individual Life Sales and Distribution. “For life insurance customers who want to leave a legacy, but also want protection in the event of unpredictable health issues, our new Chronic Illness Plus Rider provides an additional way to access their money or create an income stream, should the need arise.”
Symetra UL–G’s inherent, no-cost Chronic Illness Rider and Terminal Illness Rider allow policyholders to access up to 50 percent and 75 percent, respectively, of the policy’s death benefit, with the maximum amount accessible now raised to $500,000. The new Chronic Illness Plus Rider allows for up to 100 percent of the policy’s death benefit to be accessed in advance if the policyholder is annually certified as being permanently unable to perform at least two of the six activities of daily living or having a severe cognitive impairment.
At the end of Monday’s trade, Shares of Freescale Semiconductor Ltd (NYSE:FSL), lost -4.22% to $34.91.
Freescale Semiconductor, introduced the MC33772 3- to 6-cell lithium-ion battery cell controller, expanding its portfolio of highly integrated and connected solutions for reducing BOM cost, increasing operating robustness and meeting stringent functional safety requirements for automotive and industrial battery systems powering the solid-state Internet of Tomorrow.
Freescale Semiconductor, Ltd. provides embedded processors worldwide. The company’s products comprise microcontrollers, ranging from 8-bit products to higher performance 16-bit and 32-bit products with on-board flash memory, which provide the digital logic or intelligence for electronic applications and controlling electronic equipment or analyzing sensor inputs; single-and multi-core microprocessors; and applications processors with embedded memory, and special purpose hardware and software for multimedia applications.
Finally, Ventas, Inc. (NYSE:VTR), ended its last trade with -2.71% loss, and closed at $55.38.
Ventas, said that it has promoted Gregory R. Liebbe to Senior Vice President, Chief Accounting Officer and Controller, effective right away.
In Greg’s new position, he will lead all aspects of Ventas’s accounting functions, counting internal and external financial reporting. Liebbe will continue to report to Executive Vice President and Chief Financial Officer Robert F. Probst, who has held the position of Chief Accounting Officer on an interim basis after he joined the Company in 2014.
“During his eight years at Ventas, Greg has demonstrated his leadership, accounting expertise and integrity; we are delighted to promote him to CAO,” Probst said.
Ventas Chairman and Chief Executive Officer Debra A. Cafaro added, “Greg is a terrific example of the skill, strength and dedication of the Ventas team.”
Ventas, Inc. is a publicly owned real estate investment trust. The firm engages in investment, administration, financing, and leasing of properties in the healthcare industry. It invests in the real estate markets of the United States and Canada.
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