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Urban Shopping Centers Inc

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BUSINESS
September 27, 2000 | Bloomberg News
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.
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BUSINESS
September 27, 2000 | Bloomberg News
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.
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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.
BUSINESS
June 17, 1999 | Jesus Sanchez
Chicago-based Urban Shopping Centers Inc. said it has completed its acquisition of the open-air Century City Shopping Center for $271.2 million in cash, securities and assumed debt. Urban Shopping, which owns and manages more than 50 million square feet of retail space, purchased the outdoor shopping mall from San Francisco-based RREEF, a real estate investment advisor that owned the mall on behalf of its pension fund clients.
BUSINESS
June 17, 1999 | Jesus Sanchez
Chicago-based Urban Shopping Centers Inc. said it has completed its acquisition of the open-air Century City Shopping Center for $271.2 million in cash, securities and assumed debt. Urban Shopping, which owns and manages more than 50 million square feet of retail space, purchased the outdoor shopping mall from San Francisco-based RREEF, a real estate investment advisor that owned the mall on behalf of its pension fund clients.
BUSINESS
July 6, 1993 | Greg Johnson / Times staff writer
Public Offering: MainPlace/Santa Ana is going public. Sort of. Urban Shopping Centers Inc., which was formed to operate MainPlace/Santa Ana and other malls owned by Chicago-based JMB Realty Corp., has filed with the federal Securities and Exchange Commission to sell 11.1 million shares of common stock. The company hopes to raise as much as $300 million through the offering.
BUSINESS
December 18, 2001 | From Bloomberg News
Rodamco North America, the No. 3 owner of U.S. shopping malls, said it is in takeover talks with a number of parties as it seeks alternatives to an attempt by Westfield Holdings Ltd. to seize control of its management. A takeover is one of three options under consideration, RNA said. The others are RNA's own strategic plan to boost its share price and Westfield's proposal to put RNA's real estate portfolio under its own management.
BUSINESS
September 28, 2000 | LESLIE EARNEST and JUDY SILBER, SPECIAL TO THE TIMES
In the latest fallout from the movie theater industry's financial crisis, AMC Entertainment Inc. said Wednesday it will shutter its six-screen cinema at the MainPlace/Santa Ana mall at the end of today. The MainPlace theater, which opened in 1987, has been hit hard by competition from flashy megaplexes, which Kansas City-based AMC, Edwards Theatres Circuit Inc. of Newport Beach and other companies have been building while shutting down smaller, older theaters.
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.
BUSINESS
July 6, 1993 | Greg Johnson / Times staff writer
Public Offering: MainPlace/Santa Ana is going public. Sort of. Urban Shopping Centers Inc., which was formed to operate MainPlace/Santa Ana and other malls owned by Chicago-based JMB Realty Corp., has filed with the federal Securities and Exchange Commission to sell 11.1 million shares of common stock. The company hopes to raise as much as $300 million through the offering.
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