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HOUSTON-Weiner's Stores Inc., a 75-year-old Houston-based family retailer, is closing 44 of its stores, following the retailer's move yesterday to file for Chapter 11 reorganization under the Federal bankruptcy code.
SEATTLE-The Minneapolis-based electronics reatiler will open doors this Friday to its first retail stores in Washington State. The 45,000-sf stores will open on Southcenter Parkway in Tukwila and on Northgate Way, near Seattle's Northgate Mall.
RICHMOND, VA-Cornerstone Realty Income Trust plans to buy back up to $50 million of its common shares, now trading at $10.87 a share. The real estate investment trust, which recently completed another buyback program, believes its stock is undervalued.
PHOENIX--A Phoenix-based developer has proposed building two, four- to six-story Class-A office buildings in the heart of downtown Mesa, if a redevelopment district can be created in the area.
TACOMA, WA-The Central Terminal, constructed in 1929, will close its doors today and eventually be torn down to make way for a parking lot that will support a nearby office building development. Greyhound Lines will move its operations to a bus hub in the new Tacoma Dome Plaza.
TUCSON--A non-profit group has purchased the largest apartment complex in the city for $20.85 million and plans to turn it into a full-service retirement center.
ORLANDO-The motor home company is acquiring Emerald Coast RV Center Inc. in Gulf Breeze, FL for an undisclosed sum. The acquistion gives the local firm 18 dealerships comprising about 360,000 sf of retail space in eight states. The firm operates under the Recreation USA brand.