President of Cousins Properties steps down
Jan 22, 2002
ATLANTA --Cousins Properties Inc.’s R. Dary Stone has decided to step down from his post as president and COO of the Atlanta-based REIT. Stone cited family considerations as the reason for his decision...
Kmart declares bankruptcy, leaving developers with a dilemma
Jan 22, 2002
Kmart Corp. filed for Chapter 11 protection today and announced that its 2,100 stores will continue to operate as it restructures its operations.However, Kmart is seeking court approval to terminate leases on 350 retail locations that it has...
Kmart hires 'chief restructuring officer'
Jan 22, 2002
Kmart Corp., which filed for Chapter 11 bankruptcy protection early Tuesday, announced the appointment of a new executive vice president charged with coordinating the retailer's financial restructuring efforts...
S&P downgrades Simon's CreditWatch rating in response to Rodamco deal
Jan 18, 2002
NEW YORK -- Standard & Poor's downgraded its rating on Simon Property Group and its affiliates. The CreditWatch placement followed the public shopping center REIT’s proposed acquisition this week of 13 regional malls from Rodamco North America...
Atlanta's Change of Pace
Jan 11, 2002
ATLANTA — After years of steady new construction for megamalls, retail developers in Atlanta are pausing to catch their breath...
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