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RANCHO MIRAGE, CA-Developer J.H. Snyder Co. obtains $41-million construction take-out loan for the recently completed, 240,000-sf retail and entertainment center. The lender was Sonnenblick-Eichner Co.
PHILADELPHIA-The home-grown grocery chain buys 3.5 acres at the 86-acre former Quartermaster Depot. This gives Philadelphia Industrial Development Corp.'s plans to convert the excess military asset to retail a big boost and
PHOENIX-With the highest number of vacant big boxes in the West, the Valley is fertile ground for discount retailers looking to tap middle-class dollars. Discounters are finding some sweet deals in the metro's upscale neighborhoods.
CHICAGO-New Jersey-based Chelsea increases its presence in the Upper Midwest with the acquisition of two outlet malls, one in the Twin Cities market, another that serves the Milwaukee and Madison metro areas.
LONDON-Liverpool City Council has granted planning permission for Grosvenor and Henderson Global Investors' one million-sf retail-led scheme for the Paradise Street area of the city centre.
PHILADELPHIA-Cincinnati-based based trustee L.J. Shapiro sells the 100,000-sf, 25-year-old shopping center in the northern Cincinnati suburb of Forest Park for $2.28 million to Mendos Inc., which plans a significant upgrade. Anchors are Family Dollar and NAPA Auto Parts.
MIAMI-The Pompano Beach-based casual-dining restaurant chain, which earlier said it would be free from protection under the U.S. Bankruptcy Code by Sept. 22, now says the date will be Sept. 30.
COEUR D'ALENE, ID-Price Legacy Corp., a San Diego-based company, says it has reached an agreement to buy 25 acres in the Riverstone development for $6 million. The real estate investment trust plans to construct a 225,000-sf mixed-use facility, including a movie theater.
SAN JOSE-The developers Santana Row, a major residential and retail complex that lost its largest building to a fire last week, push back the grand opening from Sept. 19 to Nov. 7.
PORTLAND-The Teachers' Retirement System of the State of Illinois this week sells a 50% stake in 1.2-million-sf Clackamas Towne Center shopping mall to General Growth Properties as part of a new joint venture between the two entities. GlobeSt.com reported two weeks ago that the mall's ownership may be changing.