Kite Joins Peer Developers in Downsizing
Indianapolis Business Journal › September 02, 2009
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Summary
Real estate development is always a cyclical business, so people expect to move around a lot as demand ebbs and flows, said Cindy Schembre, a former senior vice president of retail at Duke who left in 2006 to start her own company, Via Retail Development.
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Extract
Kite Joins Peer Developers in Downsizing
Kite Realty Group Trust has joined local peers Duke Realty Corp. and Lauth Group Inc. in laying off employees as it copes with dried-up credit and a soft retail marke...
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