ARLINGTON, VA-The troubled shopping-center REIT receives $2.23 billion from Goldman Sachs to pay off debt and help run the company. Vornado Realty Trust, the Westfield Group and other large mall owners have expressed interest in potentially acquiring the firm.
ARLINGTON, VA-The troubled shopping-center REIT receives $2.23 billion from Goldman Sachs to pay off debt and help run the company. Vornado Realty Trust, the Westfield Group and other large mall owners have expressed interest in potentially acquiring the firm.
ARLINGTON, VA-The troubled shopping-center REIT receives $2.23 billion from Goldman Sachs to pay off debt and help run the company. Vornado Realty Trust, the Westfield Group and other large mall owners have expressed interest in potentially acquiring the firm.
LAS VEGAS-When Tweeter Home Entertainment decided to launch a new prototype store that will serve as the model for the electronics retailer's future growth, management decided to take a chance and open the unit in city where it did not yet have a presence. The company's management ended up choosing Las Vegas. Canton, MA-based Tweeter is not the only retailer to choose Las Vegas as a home for a first retail concept. Liz Claiborne opened its first Lucky Couture store here, at the Forum Shops at Caesars, in 2004, and industry observers says that more could be on the horizon with new, high-profile centers coming online in the market.
NEW HYDE PARK, NY-The company has 41 centers under development in North America and is considering 16 additional projects. During its last financial quarter, the REIT also bought interest in 110 properties.