Bloomberg

The sale implied a valuation for the Wing of about $165 million, a significant discount to its earlier value, according to some of the people familiar with the deal.

The retailer previously planned to close the store in mid-year 2020 and move operations a few blocks south.

Dalian Wanda Group, which went on a global acquisition binge a few years ago, now faces a wall of maturing debt.

Store visits in the U.S. fell for a fourth straight week at the end of February.

The affordable housing REIT is seeking to raise between $300 million and $500 million through an IPO.

The company was planning to start its IPO process in March or April. Those dates may now be postponed.

Alpha Industrial Properties secured a $690 million CMBS loan and a $204 facility from an affiliate of Invesco Ltd.