Urban Retail Properties Names New Senior Associate
Chicago, Urban Retail Properties has named Chris Klare to senior associate, acquisitions and development. Klare’s main responsibilities will include evaluating acquisition and development opportunities, as well as coordinating the acquisition process. Prior to joining Urban, Klare worked at Peterson Economics, where he advised developers, landowners and resort operators on market positioning and development scenarios for multiple-use, master-planned resort communities throughout the continental United States, Hawaii and Mexico.
Amazon.com Approves $500 Million Buyback
Seattle, Amazon.com announced that its board of directors has authorized the company to repurchase up to $500 million of the company’s common stock. The stock buyback must be made within the next 24 months through one or more open market transactions, privately negotiated transactions, transactions structured through investment banking institutions or a combination of any of them. The program allows the company to repurchase its shares, especially if the company believes its shares are undervalued, Amazon.com said.