Roseland, N.J. – Locally based Chelsea Property Group Inc. recently sold 1,750,000 primary shares of common stock at $45 per share. Net proceeds of $74.6 million will be used to repay borrowings under the company's $160-million line of credit and...
Bloomfield Hills, Mich. – The Mall at Wellington Green, a development of locally based Taubman Centers Inc., recently opened in the Village of Wellington, Fla. The two-level, 1.3-million-sq.-ft. shopping mall is the centerpiece of Palm Beach...
Youngstown, Ohio – Locally based Phar-Mor Inc. filed a motion with the U.S. Bankruptcy Court in the Northern District of Ohio on September 24, 2001 to close 65 stores as part of the restructuring of its operations under Chapter 11 of the U.S...
Las Vegas – Desert Passage, a shopping and dining destination within the Aladdin Resort & Casino, will continue to be open for business as usual despite the Chapter 11 filing by Aladdin, said Andrew Blair, EVP and COO of Toronto-based...
Southfield, Mich. – Locally based Ramco-Gershenson Properties Trust recently acquired West Acres Commons located in Flint Township, Mich. as part of a joint venture transaction. The 95,000-sq.-ft. shopping center was purchased for $10.8 million...
Bentonville, Ark. – Locally based Wal-Mart Stores Inc. plans to continue its aggressive unit growth for the fiscal year beginning February 1, 2002. Domestically, the Wal-Mart division expects to open approximately 50 new discount stores and 180 to...
Lansing, Mich. – Attorney General Jennifer Granholm recently notified 33 Michigan gas stations of violations of the Michigan Consumer Protection Act in the wake of the September 11 terrorist attacks in New York and Washington, D.C. The stations...
Youngstown, Ohio – Phar-Mor Inc., the locally based drug store chain, will shutter 65 of its 139 stores as it restructures under Chapter 11. The retailer says the stores slated to close are either under performing or outside of its core markets...
