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$DEI purchased 233 Wilshire Boulevard, a 129,000 square foot Class "A" office property for $139.5MM. The 94% leased property is located at the entrance to the Santa Monica Third Street Promenade. The property will be held by an existing consolidated joint venture with institutional investors including Qatar Investment Authority (QIA).
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.