CALIFORNIA | LOCAL
January 9, 2001
Three Los Angeles area shopping centers, including the Valley Central Shopping Center in Lancaster, have been purchased by Retail Value Investment Program, a joint venture of Prudential Real Estate Investors, Developers Diversified and Coventry Real Estate Partners, for $109.9 million. Burnham Pacific Properties Inc., a real estate investment trust based in San Diego, was the seller.
September 27, 2000 |
Rodamco North America, a Dutch owner of U.S. shopping malls, agreed to buy Urban Shopping Centers Inc., which owns the Century City Shopping Center among others, for $1.6 billion in cash and will assume $1.6 billion in debt to more than double in size and gain expertise in property services. Rodamco will pay $48 a share for Chicago-based Urban, 39% more than Monday's closing price. It will also assume about $1.6 billion in debt and $400 million in preferred securities.
August 10, 2000 |
Our democracy offers many delightful freedoms, not least of which is the freedom to risk life and liberty in the pursuit of Gucci loafers. The Democratic National Convention visitors can put shopping high on their party's agenda. Herewith, we offer a Bill of Shopping Rights and Lefts, a guide that will make consuming L.A.'s material goods speedy and less of a trial. Rightist shoppers may prefer the shopping streets of Southern California that celebrate capitalism in its glory.
August 10, 2000
Shopping from Rodeo Drive to Melrose Avenue highlighted by Valli Herman-Cohen (Page 16). Aaardvark's Odd Ark (7579 Melrose Ave., Los Angeles,  655-6769). A.B.S. (55 W. Colorado Blvd., Pasadena,  577-8505). Anthropologie (1402 Third Street Promenade, Santa Monica,  393-4763). Banana Republic (37 W. Colorado Blvd., Pasadena,  683-8286). Barneys New York (9570 Wilshire Blvd., Beverly Hills,  276-4400). Betsey Johnson (8050 Melrose Ave., Los Angeles,  852-1534).
CALIFORNIA | LOCAL
August 6, 2000 |
Almost every day, groups of young men hang out at the Glen Square Shopping Center. Some drink beer. Some sell fake documents and drugs at the strip mall at Sherman Way and Variel Avenue. They often gather in the laundermat, where there is no supervisor. There they gamble, make deals and sometimes hide merchandise in the machines or garbage bins. They threaten tenants of the shopping center who ask them to take their business elsewhere.
February 11, 2000 |
Wal-Mart Stores Inc. is expected today to announce plans for a store in the Baldwin Hills Crenshaw Plaza, bringing jobs and lower prices to one of the most underserved regions of Los Angeles. In expanding from its rural base into a major city's urban core, Wal-Mart joins several national retailers that are looking inward from an increasingly crowded ring of suburban locations, betting that traditional downtown areas are among the next best places to boost profits. Target Corp.