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Arlen Realty And Development Corporation
Arlen Realty & Development Corporation, also known as Arlen, was a real estate investment trust founded in 1959 by Arthur G. Cohen and Arthur N. Levien. In the early 1970s, it was one of the largest publicly traded real estate investment trusts. Arlen began by developing suburban shopping centers throughout the United States, and in 1971, it acquired discount retail chain E.J. Korvette. By 1975, Arlen owned and managed over 42 million square feet of shopping centers, and controlled over $1.7 billion of US real estate assets. Operations Olympic Tower Arlen Developed Olympic Tower with Aristotle Onassis in 1975. The building is a 52-story building in Midtown Manhattan, in New York City on Fifth Avenue, between East 51st Street and East 52nd Street. The exact address is 641 Fifth Avenue. It was constructed on a site that was occupied by a Best & Company Store that was built in 1947. It contains 225 condominium apartments and more than 250,000 square feet (23,000 m2) of office space a ...
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Real Estate Investment Trust
A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate. Most countries' laws on REITs entitle a real estate company to pay less in corporation tax and capital gains tax. REITs have been criticised as enabling speculation on housing, and reducing housing affordability, without increasing finance for building. REITs can be publicly traded on major exchanges, publicly registered but non-listed, or private. The two main types of REITs are equity REITs and mortgage REITs (mREITs). In November 2014, equity REITs were recognized as a distinct asset class in the Global Industry Classification Standard by S&P Dow Jones Indices and MSCI. The key statistics to examine the financial position and operation of a REIT include n ...
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888 7th Avenue
888 Seventh Avenue is a 628 ft (191m) tall modern-style office skyscraper in Midtown Manhattan which was completed in 1969 and has 46 floors. Emery Roth & Sons designed the building. 888 Seventh Avenue is "L"-shaped in plan, with wings extending north to 57th Street and east to Seventh Avenue, around the adjacent Rodin Studios. It currently carries the Vornado Realty Trust corporate headquarters. Previously known as the Arlen Building, it had been named for the company responsible for its construction, Arlen Realty & Development Corporation. The Red Eye Grill is located in the building at street level. Moed de Armas renovated the Lobby, Elevators & Plaza in 2006, cladding them with white marble. The HVAC was also extensively renovated and the building was later given gold certification by the Leadership in Energy and Environmental Design. The building is assigned its own ZIP Code, 10106; it was one of 41 buildings in Manhattan that had their own ZIP Codes . Tenants * ...
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CBL & Associates
CBL Properties (previously CBL & Associates, Inc., then CBL & Associates Properties, Inc.) is an American real estate investment trust that invests in shopping centers, primarily in the Southeastern and Midwestern United States. The company is organized in Delaware with its headquarters in Chattanooga, Tennessee. The company's largest tenants are L Brands (4.25% of revenue), Signet Jewelers (2.87% of revenue), and Foot Locker (2.78% of revenue). The company's name is based on the initials of its founder, Charles B. Lebovitz. History In 1961, Moses Lebovitz, his son, Charles B. Lebovitz, and Jay Solomon founded Independent Enterprises. In 1970, the company merged with Arlen Realty & Development Corporation, which owned shopping centers on the East Coast of the United States. In 1978, Charles B. Lebovitz and five associates formed CBL & Associates, Inc. In March 1979, the company built its first mall, the Plaza del Sol Mall in Del Rio, Texas. In 1987, the company built Hamilton P ...
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Orlando Fashion Square
Orlando Fashion Square is a split one-story, two-story indoor shopping mall located in Orlando, Florida. Opened in 1973, it features 79 stores in over one million square feet of shop space. The mall's anchor stores are Macy's, Floor & Decor, and Dillard's Clearance Center. Predating the mall's opening was a Sears department store opened in 1963; this store closed in 2016 and has been razed for redevelopment. JCPenney, another anchor store closed in 2020. Other major tenants include Premiere Cinemas, a food court, and Planet Fitness. The mall is managed by UP Development, Inc. History The first operational store on the site was a Sears department store, which opened for business on October 30, 1963. The mall was first announced in 1971 by developer Leonard L. Farber, who also developed Pompano Square (now Pompano Citi Centre) in Pompano Beach, Florida. Under the original plans, the mall would be attached to the existing Sears store, with Burdines as the second anchor. Burdines open ...
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Springfield Town Center
Springfield Town Center is an enclosed shopping center located in the Springfield census-designated place (CDP) of unincorporated Fairfax County, Virginia. It opened in 1973 as Springfield Mall, an enclosed shopping mall, which closed on June 30, 2012 as part of a multimillion-dollar redevelopment plan to turn it into a multifaceted "Town Center"-style shopping center with a main indoor area similar to the nearby Tysons Corner Center and Dulles Town Center, while transforming the exterior into a pedestrian friendly environment with restaurants with cafe style outdoor seating and entrances. It is located at the intersection of Interstate 95 and Franconia Road (Route 644), which is part of the Springfield Interchange, 1/4 mile north of Franconia-Springfield Parkway (State Route 289) and the Franconia-Springfield Metro station. The mall reopened on October 17, 2014 following its two-year renovation. Original anchors were Lansburgh's (later E.J. Korvette), Garfinckel's (later Spo ...
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North Dartmouth Mall
The Dartmouth Mall is a one-level shopping mall located off US 6 and Faunce Corner Road in North Dartmouth, Massachusetts, in the United States. Currently anchoring the mall are Aldi, Burlington, JCPenney, and Macy's. The mall also features a food court and movie theater. It is managed by the Pennsylvania Real Estate Investment Trust. History Dartmouth Mall (originally known as North Dartmouth Mall; the name was changed in the 1990s after the town abandoned officially using the name) was constructed during the years 1969 to 1971 on the site of the 9-Hole Golf Course Paskamansett Links. The town of North Dartmouth had zoned all of the land on Route 6 for commercial development, and the North Dartmouth Mall was the first large-scale retail facility constructed along the route. When the mall opened, it featured a 3-screen cinema, 72 stores, and nine restaurants. Anchoring the mall were Zayre, Sears, and The Outlet Company department store, as well as mini-anchors Cherry & Webb and Woo ...
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Swansea Mall
Swansea Mall was a regional shopping mall located in Swansea, Massachusetts. It served the Southeastern Massachusetts area. Located off Exit 3 of I-195, the building is situated at the intersection of U.S. Route 6 and Massachusetts Route 118, on Swansea Mall Drive. It had three out-parcel buildings: a Walmart building behind the mall, a former Toys "R" Us, a shared PriceRite (closed in 2020) & Dollar Tree (formerly a Service Merchandise). The Swansea Crossings shopping plaza is across the street, and contains a Big Lots and a Regal Cinemas movie theater. The mall closed permanently on March 31, 2019. It was purchased by Anagnost Companies in May 2019 at auction. Redevelopment has begun on the mall. History During the building of the mall, there were issues between union and non-union workers that led to multiple fights between the sides and several injuries. Swansea Mall originally opened in 1975 with two anchors: Sears and Edgar Department Stores. The mall had a 4-screen movie t ...
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Monmouth Mall
Monmouth Mall is an enclosed split level shopping center in Eatontown, New Jersey located on the corner of the intersection of NJ 35, NJ 36, and Wyckoff Road ( Route 547). It is owned Kushner Companies and managed by Westminster Management. The mall has a gross leasable area of , making it the sixth largest shopping mall in New Jersey, with approximately 79 shops. The mall is located near the Garden State Parkway at exit 105 and NJ 18 near the former location of the Eatontown Circle. Anchor stores at the mall are Boscov's, and Macy's. History Originally named "Monmouth Shopping Center", the Monmouth Mall opened on March 1, 1960, as a , 14-building, 50-store open-air center. The mall was built on what was then a farm owned by the Valentino Family of the nearby city of Long Branch, New Jersey. Original anchors of the mall consisted of Bamberger's (at that time a subsidiary of Macy's) and Montgomery Ward. After pulling out of New Jersey, Montgomery Ward became Alexander's ...
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Jefferson Valley Mall
Jefferson Valley Mall is an enclosed shopping mall in Yorktown, New York. Opened in 1983, it is anchored by Macy's and Dick's Sporting Goods. It is managed by Washington Prime Group. History Melvin Simon & Associates built Jefferson Valley Mall in 1983, which included Sears and Read's (later Jordan Marsh, then Abraham & Straus, now Macy's). Expansion plans were announced in 1996. These were to comprise the addition of 80,000 square feet to Macy's and an additional anchor. Service Merchandise, another mall tenant that closed in 1999, became H&M in 2001. In the early 2000s the mall went under a renovation changing the flooring and color along with removing the fountain and trees. In February 2016, the mall ownership was changed from Simon to Washington Prime Group. Construction is underway to expand and renovate the mall. On October 15, 2018, it was announced that Sears Sears, Roebuck and Co. ( ), commonly known as Sears, is an American chain of department stores founded i ...
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CBL Properties
CBL Properties (previously CBL & Associates, Inc., then CBL & Associates Properties, Inc.) is an American real estate investment trust that invests in shopping centers, primarily in the Southeastern and Midwestern United States. The company is organized in Delaware with its headquarters in Chattanooga, Tennessee. The company's largest tenants are L Brands (4.25% of revenue), Signet Jewelers (2.87% of revenue), and Foot Locker (2.78% of revenue). The company's name is based on the initials of its founder, Charles B. Lebovitz. History In 1961, Moses Lebovitz, his son, Charles B. Lebovitz, and Jay Solomon founded Independent Enterprises. In 1970, the company merged with Arlen Realty & Development Corporation, which owned shopping centers on the East Coast of the United States. In 1978, Charles B. Lebovitz and five associates formed CBL & Associates, Inc. In March 1979, the company built its first mall, the Plaza del Sol Mall in Del Rio, Texas. In 1987, the company built Hamilton P ...
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Puerto Rico
Puerto Rico (; abbreviated PR; tnq, Boriken, ''Borinquen''), officially the Commonwealth of Puerto Rico ( es, link=yes, Estado Libre Asociado de Puerto Rico, lit=Free Associated State of Puerto Rico), is a Caribbean island and Unincorporated territories of the United States, unincorporated territory of the United States. It is located in the northeast Caribbean Sea, approximately southeast of Miami, Florida, between the Dominican Republic and the United States Virgin Islands, U.S. Virgin Islands, and includes the eponymous main island and several smaller islands, such as Isla de Mona, Mona, Culebra, Puerto Rico, Culebra, and Vieques, Puerto Rico, Vieques. It has roughly 3.2 million residents, and its Capital city, capital and Municipalities of Puerto Rico, most populous city is San Juan, Puerto Rico, San Juan. Spanish language, Spanish and English language, English are the official languages of the executive branch of government, though Spanish predominates. Puerto Rico ...
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Chattanooga, Tennessee
Chattanooga ( ) is a city in and the county seat of Hamilton County, Tennessee, United States. Located along the Tennessee River bordering Georgia, it also extends into Marion County on its western end. With a population of 181,099 in 2020, it is Tennessee's fourth-largest city and one of the two principal cities of East Tennessee, along with Knoxville. It anchors the Chattanooga metropolitan area, Tennessee's fourth-largest metropolitan statistical area, as well as a larger three-state area that includes Southeast Tennessee, Northwest Georgia, and Northeast Alabama. Chattanooga was a crucial city during the American Civil War, due to the multiple railroads that converge there. After the war, the railroads allowed for the city to grow into one of the Southeastern United States' largest heavy industrial hubs. Today, major industry that drives the economy includes automotive, advanced manufacturing, food and beverage production, healthcare, insurance, tourism, and back office ...
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