Westfield and Simon Join Forces, Offer $20 Per Share for Taubman
Jan 16, 2003
The clash of the Titans continues, and now Simon Property Group has pulled Westfield into the fray. Simon and Westfield America announced a joint cash tender offer for all of Taubman’s common shares at $20 per share, an 11 percent increase from...
NAI Miami Represents Stadium Corners in Sales in Excess of $2,000,000
Jan 16, 2003
FOR IMMEDIATE RELEASE January 16, 2003 NAI Miami Represents Stadium Corners in Sales in Excess of $2,000,000 in Miami, Florida Miami, Florida: Jeremy S. Larkin and Eric C. Eisenberg of NAI Miami, formerly Larkin Schmidt Commercial, announced on...
Federated's New Concept:the Rich’s-Macy’s Store
Jan 16, 2003
Federated Department Stores is conducting an experiment in Atlanta. According to a report in The Atlanta Journal-Constitution, the retail chain is closing seven Macy’s stores in the market, including anchor stores at The Rouse Co.’s Perimeter Mall...
Angling for Osceola
Jan 16, 2003
After eight years of promises, postponements and disappointment, Florida’s Osceola County is finally getting its convention center. On January 12, Austin-based FaulknerUSA handed county officials a "performance deposit" check for $1 million to...
AEI - Hot Job!
Jan 14, 2003
At 32 years, AEI is a national leader in the production, sale and management of net lease commercial property investment programs and 1031 property exchanges. We acquire our properties (so far, 200 in 33 states) through sale leaseback transactions...
POSITION WANTED
Jan 14, 2003
POSITION WANTED: Design/Construction professional, overqualified for current PM position, seeks return to Director or VP challenges with established retailer, developer or design-build contractor. Strong, mature hands-on leader with extensive...
Kmart to shutter 326 stores
Jan 14, 2003
Kmart announced today the specific 326 stores it will close as part of its Chapter 11 restructuring. The closings will hit 44 states, with California, Florida and Georgia being particularly hard hit. Orlando, Fla., Indianapolis and Arlington...
Taubman’s Revenge:The REIT Takes an Interestin Simon’s Forum Shops
Jan 13, 2003
Taubman Centers is pushing back at Simon Property Group. Still in the process of fending off Simon’s hostile takeover attempt, Taubman announced this morning an agreement that could force Simon out of its joint venture interest in the highly...
FAO files Chapter 11
Jan 13, 2003
FAO Inc. announced today it is filing for reorganization under Chapter 11 protection. The chain, which includes FAO Schwarz, Zany Brainy and Right Start stores, previously announced plans to shutter between 75 and 80 stores in 2003. Specifics on...
Survey Reports FlatHoliday Sales in 2002
Jan 08, 2003
Sales for holiday season 2002 were flat compared to last year, according to ICSC’s survey of non-anchor stores at 58 U.S. malls released this week...
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