|
|
 
Kushner Sells Prime NYC Retail
(The Record, Bergen County, NJ - July 3, 2008)The Carlyle Group and Crown Acquisitions have bought a controlling interest in the retail portion of 666 Fifth Ave. in Manhattan from building owner Kushner Cos. for $525 million, the largest retail deal in New York City this year. (full story)
Deschutes County, OR Commissioners Approve Zone for Mall Overhaul
(McClatchy-Tribune Information Services -- Unrestricted - July 3, 2008)A proposed $200 million development that would turn the aging Sunriver Village Mall into a complex of shops and restaurants topped by hundreds of condominiums cleared a major hurdle Monday when the Deschutes County Commission voted unanimously to create a land use zone critical to the developer's plans. (full story)
ZCMI Facade to be Revived for New City Creek Macy's
(McClatchy-Tribune Information Services -- Unrestricted - July 3, 2008)Formed to front a pioneering department store and salvaged to make way for a 1970s mall, the cast- iron columns of the ZCMI facade are awaiting their next incarnation on Salt Lake City's Main Street. (full story)
Nontraditional Tenants Occupy Dark Stores at Malls
(Associated Press - July 3, 2008)Mall and strip center owners are turning to untried and untraditional tenants to brighten dark storefronts as the sluggish economy sends more retailers to bankruptcy or forces others to scale back their expansion plans. (full story)
Sheetz Opens 350th Store
(PR Newswire - July 3, 2008)Sheetz, Inc. opened its 350th location in Dillsburg, Pennsylvania, York County. The new store brings the total number of stores in Pennsylvania to 199. (full story)
Drive-Offs with Stolen Plates Cost Gas Retailers
(McClatchy-Tribune Information Services -- Unrestricted - July 3, 2008)The nation's 115,000 convenience gas stores lost $134 million from gas theft last year. Drive-offs using stolen plates or other scams increase each spring in any case and high gas prices may be a contributing factor. (full story)
Chandler Piazza in Limbo
(The Tribune, Mesa, Ariz. - July 3, 2008)Construction equipment is off and workers have left what was supposed to be a 21-acre project called Chandler Piazza, a Tuscanstyle mall with a hotel, shops, restaurants and offices. (full story)
NorthPark Shopping Center Re-examines its Security
(The Dallas Morning News - July 3, 2008)NorthPark Center has hired a firm to conduct a security audit, while it increases the hours of its own security staffers and the off-duty police officers it taps for peak times after being the target of three high-profile crimes in recent weeks. (full story)
Chicago: City of High Taxes
(AFX News Limited - July 2, 2008)A boost in the Cook County sales tax that took effect on Tuesday means people shopping in Chicago now pay a cumulative 10.25 percent levy -- the highest of any major U.S. city. (full story)
|
|
|
