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Chinese Shoppers, Stuck in China, Revive Local Malls Chinese Shoppers, Stuck in China, Revive Local Malls
With travel restrictions keeping people at home, many are spending at local shops with cash they might otherwise have dropped abroad
published : 27 May 2021 at 04:00
Don t tell Chinese consumers that the shopping mall is in decline.
While shoppers on the mainland like to browse for items online, during the pandemic many said they rediscovered the joy of making purchases at bricks-and-mortar stores after being cooped up at home for weeks.
China was also the only major economy to report economic growth in 2020 after limiting the spread of the coronavirus early on and allowing people to return to work by midyear. But travel restrictions kept most from going abroad meaning local shops saw cash that might otherwise have been spent on trips to Europe, Japan or the U.S.
FirstService Residential Welcomes MidCity Lofts and Expands its Footprint in Atlanta
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FirstService Residential, North America’s property management leader, has been selected to provide property management services for MidCity Lofts. The addition of MidCity Lofts expands FirstService Residential’s presence in Atlanta’s Midtown neighborhood, which includes 805 Peachtree, Spire, Viewpoint, Seventh Midtown, 1010 Midtown, Parc Vue, Ansley Terrace, Cornerstone Village, 1065 Midtown, The Reid House, One Museum Place and Condos Above the Four Seasons.
“MidCity Lofts truly focuses on the resident experience and we are excited to bring our expertise and value-added services to enhance the lifestyle of every resident in the community,” said Mark Stoops, president, Alabama, Georgia and North Florida for FirstService Residential.
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Hines managing director Drew Huffman is bossing the show in Japan and Korea
Hines has brought aboard local veterans to strengthen its teams in Japan and South Korea, as the US-based developer looks to transition from the investment advisory sphere to a focus on acquisitions and development in the two markets.
Joining the firm are Hyungsub Lee, a director in the Seoul office, and Sho Morita, an associate based in Tokyo. The pair will spearhead a recruitment push aiming to nearly double headcount in the two countries by year-end, where Hines currently has seven staff.
The new hires were announced Tuesday by managing director Drew Huffman, who oversees acquisitions, development and new business generation in Japan and South Korea for Hines after relocating from the Hong Kong office to Tokyo last February.