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CHICAGO-Company officials concede Leonard G. Levine's lawsuit seeks to stop a proposed $226-million sale of its assets to Denholtz Management Corp. But they still expect to close by April 30 unless the buyer backs out.
NORTHBROOK, IL-Nearly 19.6 million Grubb & Ellis Co. shares were tendered when the company offered to buy back 7 million shares at $7. The stock closed at $5.69 Friday.
PALO ALTO, CA-The multifamily REIT's share price is trading at $50.75 today, off 68.75 cents from Thursday's close and $7 from its 52-week high, but $17 above its 52-week low of $33.75.
ATLANTA-Former Home Depot executives have blasted into the Atlanta market with four stores within six weeks. The new retailer, dekor, is going carpet to carpet and tub to tub with Home Depot's Expo Design Centers for upscale home furnishings and remodeling.
DENVER-SafeRent's reputation as for online credit and risk management has landed the Denver-based firm a lucrative contract with Memphis-based Mid-America Apartment Communities. Now, says a Mid-America CEO, the pressure's off property managers.
SOUTH BRUNSWICK, NJ-The interactive marketing company will move immediately into excess space in the Bernard Kilgore Center, a 450,000-sf property. The transaction covers one and a half floors of the facility, located in Route 1 corridor.
DENVER-The writing had been on the wall for the under-performing J.C. Penney stores in two Denver-area malls. One store had closed; the other had the telling signs. Shoppers still have four J.C. Penney locations available.
TACOMA, WA-The 13.7-acre property in the heavy-industrial waterfront area here was the only such parcel that Simpson had not yet developed. The subsidiary of Seattle-based Simpson Investment Company owns about 150 acres here, including a timber mill.
WHITE PLAINS-Mayor Joseph Delfino is attempting to contact officials with J.C. Penney to try to convince them to keep the retailer's store at the Galleria at White Plains mall open.