Advertisement
YOU ARE HERE: LAT HomeCollectionsShopping Centers Finances
IN THE NEWS

Shopping Centers Finances

FEATURED ARTICLES
NEWS
November 13, 1994 | VIVIEN LOU CHEN, TIMES STAFF WRITER
Five years ago, Burbank leaders were thrilled with the great deal they had just closed that would finally bring a major shopping mall to the city. Within 25 years, nearly $229 million in sales, property and hotel taxes would be collected from operations of the Media City Center mall and surrounding properties, officials projected. In addition, Burbank officials exulted, developer Alexander Haagen agreed to split net operating profits from the mall with the city, 50-50.
ARTICLES BY DATE
BUSINESS
March 18, 2000 | LESLIE EARNEST, TIMES STAFF WRITER
Shopping centers across the nation are planning to install large, showy advertising displays, uncorking a new stream of revenue for mall owners and transforming retail hubs into advertising runways. In the Southland, four centers are adding dozens of the back-lit displays this month, including the Shops at Mission Viejo, MainPlace/Santa Ana, Brea Mall and Century City Shopping Center in Los Angeles.
Advertisement
CALIFORNIA | LOCAL
November 29, 1999 | David Ryan, (714) 520-2511
The Brea Mall--the single largest source of tax revenue to the city's coffers--is expected to rake in millions more this holiday season than it did last year, officials said. Darren Thomas, director of mall marketing, said that with the amount of money already taken in, the mall will earn about $20 million more than its 1998 estimated income of $500 million. The mall is ranked third in the number of sales per square foot in the county.
CALIFORNIA | LOCAL
November 29, 1999 | David Ryan, (714) 520-2511
The Brea Mall--the single largest source of tax revenue to the city's coffers--is expected to rake in millions more this holiday season than it did last year, officials said. Darren Thomas, director of mall marketing, said that with the amount of money already taken in, the mall will earn about $20 million more than its 1998 estimated income of $500 million. The mall is ranked third in the number of sales per square foot in the county.
CALIFORNIA | LOCAL
March 13, 1995 | FRANK MESSINA
For the second time in a month, the owners of a proposed entertainment mall have asked city officials for financial assistance in getting their project off the ground. In closed session today, the City Council will consider a revised proposal by Pacific Development for help in building an entertainment complex off of Crown Valley Parkway and Interstate 5. For three years, the Beverly Hills-based group has been searching for tenants and financing for the proposed mall, known as Kaleidoscope.
BUSINESS
March 18, 2000 | LESLIE EARNEST, TIMES STAFF WRITER
Shopping centers across the nation are planning to install large, showy advertising displays, uncorking a new stream of revenue for mall owners and transforming retail hubs into advertising runways. In the Southland, four centers are adding dozens of the back-lit displays this month, including the Shops at Mission Viejo, MainPlace/Santa Ana, Brea Mall and Century City Shopping Center in Los Angeles.
BUSINESS
November 24, 1993
Urban Shopping Centers Inc., a real estate investment trust, will repay existing mortgage debt on its MainPlace shopping center in Santa Ana with $80 million in proceeds from a large financing completed by the REIT. The remaining proceeds from the $220-million financing will repay mortgages on the REIT's Oakbrook Center shopping mall in Oak Brook, Ill. In addition, the Chicago-based REIT said its pro forma funds from operations, a measure of cash flow for REITs, jumped 14.
CALIFORNIA | LOCAL
March 13, 1995 | FRANK MESSINA
For the second time in a month, the owners of a proposed entertainment mall have asked city officials for financial assistance in getting their project off the ground. In closed session today, the City Council will consider a revised proposal by Pacific Development for help in building an entertainment complex off of Crown Valley Parkway and Interstate 5. For three years, the Beverly Hills-based group has been searching for tenants and financing for the proposed mall, known as Kaleidoscope.
NEWS
November 13, 1994 | VIVIEN LOU CHEN, TIMES STAFF WRITER
Five years ago, Burbank leaders were thrilled with the great deal they had just closed that would finally bring a major shopping mall to the city. Within 25 years, nearly $229 million in sales, property and hotel taxes would be collected from operations of the Media City Center mall and surrounding properties, officials projected. In addition, Burbank officials exulted, developer Alexander Haagen agreed to split net operating profits from the mall with the city, 50-50.
BUSINESS
November 24, 1993
Urban Shopping Centers Inc., a real estate investment trust, will repay existing mortgage debt on its MainPlace shopping center in Santa Ana with $80 million in proceeds from a large financing completed by the REIT. The remaining proceeds from the $220-million financing will repay mortgages on the REIT's Oakbrook Center shopping mall in Oak Brook, Ill. In addition, the Chicago-based REIT said its pro forma funds from operations, a measure of cash flow for REITs, jumped 14.
Los Angeles Times Articles
|