The New Times
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Hospitality trade observers say this is removed from an excellent time for Kite—a publicly traded actual estate investment belief specializing in buying centers—to veer exterior its core enterprise and tackle what would be a dangerous and colossal venture that simply may cost more than $600 million.
Unemployment is low, real disposable personal income is rising, customers are benefitting from low inflation, and households are having fun with rising wealth as a consequence of rising house prices and a strong stock market…these components …