Retail

ANN ARBOR, MI-The pizza chain blames increased interest expense 'a continued challenging domestic environment.'

KANSAS CITY, KS-The Unified Government has purchased and plans to demolish the 700,000-sf Indian Springs mall in a move to revitalize the city's midtown area.

BATON ROUGE, LA-Pinnacle pays $20.9 million for the development site for its Riviere entertainment resort. Among the hurdles yet to clear is a Feb. 9 referendum.

PHOENIX-With preleasing at 88%, PC & Development LLC starts work on the $12.5-million Plaza Mayor. A 30,000-sf Hacienda Market will anchor the 62,000-sf project.

DOTHAN, AL-The troubled movie-rental chain has arranged a financing agreement under which Sopris Capital Advisors will fund its reorganization plan.

NEW ORLEANS-To compete in today's changing environment, retailers and landlords need to adapt to an increasingly fickle consumer, ICSC speakers say.

NEW ORLEANS-Retailers are focusing on putting their stores in open-air environments, but high-end malls are still viable venues, ICSC speakers say.

WARMINSTER, PA-In separate transactions, Warminster Plaza here sells for $12.4 million, and Country Square in Quakertown trades for $9.5 million.