On Monday, Shares of DDR Corp (NYSE:DDR), gained 0.70% to $15.81.
DDR Corp., declared that it closed on the acquisition of two power centers and an adjoining outparcel valued at $111 million and the disposition of ten assets totaling $102 million at 100% ownership during the second quarter of 2015.
The Company attained Willowbrook Plaza, a 385,000-square-foot power center located in Houston, Texas. The asset is adjacent to Willowbrook Mall, one of Houston’s top performing malls, and presents noteworthy opportunity to drive occupancy and NOI growth given its current 87% leased rate. The asset also has the potential for at least 10,000 square feet of expansion. DDR also attained International Drive Value Center, a 186,000-square-foot power center located in Orlando, Florida. The center’s tenant lineup features a strong mix of national retailers, counting two of the highest-performing Ross Dress for Less and T.J. Maxx stores in each respective chain. The asset is located in a submarket with two of the nation’s most productive retail properties, the Mall at Millenia and Orlando International Premium Outlets. Year-to-date, the Company has attained $160 million of assets at DDR’s share.
DDR Corp. is an equity real estate investment trust. It invests in the real estate markets of the United States and Puerto Rico. The firm is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. It formerly known as Developers Diversified Realty Corp. DDR Corp is based in Beachwood, Ohio.
Shares of Boeing Co (NYSE:BA), inclined 0.22% to $140.52, during its last trading session.
Boeing , airline customers, industry partners and community leaders joined together recently to celebrate Boeing’s donation of the first 787-8 Dreamliner flight test airplane to Centrair International Airport in Nagoya.
“It is fitting that we bring Boeing’s first-ever 787 Dreamliner, also known as ZA001, back home to Nagoya, the heart of Japan’s aerospace industry,” said George Maffeo, president, Boeing Japan. “Many of our partners here spent countless hours to develop and produce the 787 Dreamliner’s airframe structure and Centrair was with us from the very start of the journey. ZA001 carried all of our dreams and aspirations, and has grown to symbolize the storied partnership between Boeing and Japan’s outstanding aerospace industry.”
The Boeing Company, together with its auxiliaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide.
At the end of Monday’s trade, Shares of Align Technology, Inc. (NASDAQ:ALGN), lost - 1.25% to $62.50.
Align Technology, declared that the Company will report second quarter 2015 financial results on Thursday, July 23, 2015 after the close of market. Financial results will be released at 4:00 p.m. ET (1:00 p.m. PT) and will be accessible on the Investor Relations section of the Company’s website at http://investor.aligntech.com.
Align Technology, Inc. designs, manufactures, and markets a system of clear aligner therapy, intra-oral scanners, and computer-aided design and computer-aided manufacturing (CAD/CAM) services for use in dentistry, orthodontics, and dental records storage in the United States and internationally.
Finally, Axiall Corp (NYSE:AXLL), ended its last trade with 4.11% gain, and closed at $35.50.
Axiall Corporation, declared that Paul D. Carrico has stepped down as president, chief executive officer and a member of the Axiall Board of Directors, effective right away. The Axiall Board has an active search process under way to select the next CEO to strengthen the company’s financial performance and drive improved shareholder value. Until that search is accomplished, Timothy Mann, Jr., executive vice president of strategy, general counsel and secretary, will serve as Axiall’s interim president and CEO.
The Axiall Board has retained a leading executive search firm to assist with identifying qualified candidates. Both internal and external candidates are being considered for the role. Mr. Mann will work closely with the board and other members of Axiall’s executive team to oversee the company’s ongoing transformation during the transition period.
Axiall Corporation manufactures and markets chemicals and building products in the United States and internationally. The company operates through three segments: Chlorovinyls, Building Products, and Aromatics.
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