New York – Moody’s Investors Service lowered the long- and short-term ratings of Plano, Texas-based J. C. Penney Co. Inc. The lowered ratings were based on the decline in credit fundamentals due to poor operating performance at Penney’s department...
Chicago – According to a survey conducted by Los Angeles-based CB Richard Ellis Inc., the vacancy rate for Chicago-area shopping centers increased nearly one point during the first quarter to 9 percent...
Houston – Locally based L.J. Melody & Co. arranged financing in the amount of $42 million for the Village on the Parkway shopping center located in Addison, Texas. The 388,000-sq.-ft. center is comprised of eight buildings situated on 32 acres...
Columbus, Ohio – Lane Bryant, a division of locally based The Limited Inc., named Steve Stickel as vice president, director of stores. He has more than 20 years of experience in the retail industry...
Cleveland – Locally based Forest City Finance Corp. appointed Judith Wolfe as president of the company. Wolfe will monitor...
Old Bridge, N.J. – Locally based R.J. Brunelli & Co. recently conducted its 11th annual survey of the central New Jersey...
Ridgewood, N.J. – According to a national telephone survey of more than 1,000 consumers, locally based MOHR Learning found that...