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$MAC said it closed on the first of three joint ventures. Macerich contributed interests in Lakewood Center, Los Cerritos Center, South Plains Mall and Washington Square. Cash proceeds to Macerich total $1.5Bil, including $964MM in excess loan proceeds to the company. Investment firm GIC will have a 40% interest in the malls.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.
Wanna know what $TSLA announced yesterday? Watch the video!! Tesla Self-Driving Car Level 5 Autonomy. This is crazy!!
Construction equipment supplier $URI reported that in U.S., the employment report for September was encouraging. Geographically, the company is experiencing growth in the east and west coast regions. $URI added that in Canada, the economy is challenging. Rental revenue from Canada was down approx. 10% in 3Q16.