CALIFORNIA | LOCAL
July 8, 1992 |
A $35-million plan to overhaul city streets and help finance a major renovation of the Mission Viejo Mall was approved Tuesday by the city's Redevelopment Agency. "Our mission . . . is to improve our quality of life," said Councilman Robert D. Breton. "This step tonight is one that will improve it." More than $6 million in redevelopment funds would help finance the mall expansion. City officials said they hope their contribution will persuade the mall owner, the Edward J. DeBartolo Corp.
July 7, 1992 |
Betting on the vast commercial potential of South County, one of the nation's largest shopping-center developers confirmed plans Monday for a mammoth expansion of the Mission Viejo Mall. Despite the pall that hangs over the retail industry, Edward J. DeBartolo Corp., which owns the mall, said it will move forward with a $110-million renovation that will add a fourth major department store to the 13-year-old retail complex. The project may get a $6-million boost from the city.
February 4, 1992 |
After two years of operating under the "Campeau cloud," Ralphs Grocery Co., the Southland's No. 3 supermarket chain, got a new owner Monday and will proceed with expansion and remodeling plans. The supermarket's access to financing for a long-planned modernization program was complicated in 1990 when its parent company, Federated Department Stores, filed for bankruptcy protection from creditors. The troubles began when Federated was purchased by Canadian real estate mogul Robert Campeau in 1988.
July 2, 1991 |
Federated, Allied Change Reorganization Plan: Federated Department Stores Inc. and Allied Stores Corp., the troubled U.S. retailing operations of Canada's Campeau Corp., filed an amended bankruptcy reorganization plan that offers more cash to certain creditors. As under the previous plan, creditors will also receive stocks and bonds in a new, merged Federated Department Stores. In addition, both the new and the old plans call for Compton-based Ralphs Grocery Co.
May 1, 1991 |
Ralphs Grocery Co.'s current management won a strong endorsement Tuesday from the big shopping center development company that would gain control of the supermarket chain through a proposed bankruptcy reorganization. But a spokesman for the development firm, Edward J. DeBartolo Corp. of Youngstown, Ohio, also expressed concerns about unspecified parts of the reorganization plan. The plan was filed late Monday in U.S.
April 30, 1991 |
Ralphs Grocery Co. would be jettisoned from the ailing Campeau Corp. real estate and retailing empire and set up as an independent, publicly held company under a reorganization plan filed Monday in U.S. Bankruptcy Court. The surprising proposal for Ralphs would put 60.3% of the supermarket company's stock in the hands of Edward J. DeBartolo Corp., a major shopping center developer based in Youngstown, Ohio. It also would mark the first time that Ralphs, Southern California's No.