Latest news with #shoppingcenter
CBS News
3 hours ago
- CBS News
Skokie, Illinois police release both people apprehended after Old Orchard shopping center security scare
The two people arrested after a security scare that prompted a lockdown at the Westfield Old Orchard shopping center in Skokie, Illinois this week. "After reviewing video surveillance and conducting interviews, no criminal charges were filed against the two detained individuals," Skokie police wrote Wednesday. "No one is in police custody regarding this incident, and the investigation has been concluded." At 2:33 p.m. Tuesday, Skokie police were called for a person with a gun near the mall. A temporary lockdown was put into place. Upon arrival, police determined a quarrel between two people was the cause of the security scare. Both were located and apprehended, police said. Once a police investigation determined there was no further threat, and no injuries or shots fired in connection with the events, the lockdown was lifted, police said. Skokie police did not get into further specifics about why the two people were released.
Yahoo
2 days ago
- Business
- Yahoo
Zachary Rouses, shopping center prepares for major upgrades
ZACHARY, La. (Louisiana First) — People in Zachary will soon see some major upgrades to the Rouses Market and the retail center it calls home. Rouse Land Company recently bought that retail center near Church Street and Old Scenic Highway for about $2 District Manager Kyle Zito said customer satisfaction played a big role in why his company bought this entire shopping center. 'It's one of my better locations, from a sales perspective,' Zito mentioned. 'We've heard a lot of feedback from the actual community. They've been asking us to get a handle on things down here, so we really listened, and it led to us purchasing the property.'Zito said the shopping center and grocery store need several improvements, and the roughly 12-acre shopping plaza was purchased from an out-of-state owner.'At this time, right now, we're in the early stages, obviously, we bought it two weeks ago. We're working on bidding, permitting, and hiring architects for the design. We're still in the early phase. It will probably be six months before we see any real work being done. We'll be working on getting new facades, new HVAC systems, and overall, to put it back to the standards that we expect, and as Rouses, we try to establish,' Zito shopping center is currently home to an Anytime Fitness, which Zito said is the only other current development there outside of the Rouses grocery store. This Rouses store also houses a fully connected Ace Hardware, and several other former office suites in the plaza are currently sitting empty. Zito said the real estate division of his company will be tasked with trying to find different tenants for the property. Latest News Gunman kills four, including NYPD officer, in Manhattan skyscraper shooting New Orleans Saints defensive line shines in padded practice Louisiana Congressman Cleo Fields speaks on 'The Big Beautiful Bill' New Orleans Saints safety Julian Blackmon finally teams up with Brandon Staley Zachary Rouses, shopping center prepares for major upgrades Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
Yahoo
2 days ago
- Business
- Yahoo
Middlesex County shopping center sold for $40 million
SOUTH PLAINFIELD – The ShopRite-anchored Golden Acres Shopping Center has been sold for $40 million, global real estate firm JLL Capital Markets announced. The 219,848-square-foot shopping center at the intersection of Park and Oak Tree avenues was purchased in a joint venture between Agus Holdings and Treeco. Golden Acres is 83% leased with additional tenants including Shoppers World, Unique Thrift Store and a Wendy's outparcel. The property generates 3.3 million annual visits, ranking it among the most heavily trafficked retail centers in New Jersey, according to JLL. 'We're incredibly excited to acquire a premier ShopRite‑anchored shopping center in the heart of New Jersey and to partner again with our close friends and partners at Treeco,' stated Josh Agus of Agus Holdings. More: Burlington opening Woodbridge store in St. Georges Crossing JLL has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries. Brad Wadlow is a staff writer for This article originally appeared on Middlesex County NJ shopping center sold for $40 million Solve the daily Crossword
Yahoo
23-07-2025
- Business
- Yahoo
South Mississippi's largest shopping center has been sold. Here's what we know
The biggest shopping center in South Mississippi has a new owner. CBL Properties announced Monday it has sold The Promenade in D'Iberville. The news release didn't disclose who bought the shopping center and there is no indication of a new website or Facebook page. The purchase price was $83.1 million. Headquartered in Chattanooga, Tennessee, CBL Properties opened The Promenade in 2009, bringing much-welcomed stores to South Mississippi four years after Hurricane Katrina closed many favorite shopping options. Anchored by the first Target in South Mississippi, the 621,000-square-foot 'entertainment center' is a mix of stores like Dick's Sporting Goods, Kohl's, Best Buy, PetSmart and Old Navy, and restaurants such as Buffalo Wild Wings and Olive Garden. With the sale finalized, a new tenant might be secured for the former Red Lobster restaurant from among the national restaurant chains that have expressed interest through the city's planning and development department. The outparcels where Red Lobster and some of the other restaurants are located had to legally be replatted, said D'Iberville City Manager Bobby Weaver. It's unknown if those parcels are part of the new ownership. 'The Promenade disposition was completed at an attractive 8.5% cap rate, providing a meaningful demonstration of the tremendous value of CBL's open-air portfolio, which has gone unrecognized by the market,' Stephen Lebovitz, CBL's CEO, said in a statement. CBL owns and manages 87 properties across 20 states, including malls, outlet centers and open-air centers. Transforming D'Iberville The Promenade grew D'Iberville into a retail powerhouse after Hurricane Katrina and brought traffic, new roads, several new car dealerships and more development to the city that now has the third highest sales tax revenue in South Mississippi after Gulfport and Biloxi. Groundbreaking for The Promenade came in July 2008 after CBL & Associates Properties and Forum Development Group from Atlanta acquired 72 acres northwest of the Interstate 10 and 110 intersection. 'We believe The Promenade will serve to revitalize the area and create a much needed retail hub and service district for the D'Iberville community,' said Stephen Lebovitz, president of CBL & Associates Properties. The projections were for 1,000 jobs and more than $185 million in annual retail sales. The tenants weren't yet identified by the time ground was broken, but Geoffrey Smith, vice president of development for CBL & Associates Properties, and he said the community 'will not be disappointed. The Promenade will be anchored by many of our nation's most popular shopping and dining destinations.' Traffic every weekend The developers and city of D'Iberville began building a five-lane road to connect The Promenade to the shopping centers on Sangani Boulevard. But traffic grew much faster than the roads could handle, and traffic was jammed every weekend and holiday. D'Iberville extended more than $18 million in tax increment financing, or TIF bonds for The Promenade. They were repaid with tax revenue generated by the project, to help the developer pay for infrastructure and new roads, including The Promenade Parkway that winds through the shopping center. The Mississippi Department of Transportation spent about $120 million to add new exit and entrance ramps from the interstates and Mayor Rusty Quave said MDOT wanted the city to chip in $30 million to improve the roads in D'Iberville. Traffic eased when the new exits were built, a 'fly-over' bridge completed in 2013 connected The Promenade with Sangani shopping centers, and a diverging diamond intersection completed in 2015 gave a second entrance to the shopping center. The city had Walmart and the shops along Sangani that were the catalyst for retail growth after Katrina, and Weaver said The Promenade 'put us at a great position of economic vitality.' The city gets a tax diversion from the state of more than $10.5 million every year for the last three or four years. Highs and lows The 2009 opening of The Promenade came as the country was in a recession, but it didn't seem to curtail sales at the stores and restaurants. By 2010, the first Black Friday for the new Kohl's store at The Promenade, a 3 a.m. opening before most other stores paid off big, with long lines at the checkouts. People camped all night outside Best Buy at The Promenade, and the lines wrapped around the building at Target before the doors opened at 4 a.m. In 2011, cracks began to appear in the floors of some stores at The Promenade and in large patches of parking-lot blacktop. CBL declined comment, but then D'Iberville City Manager Michael Janus said the company has been very forthcoming with city officials about the problem they didn't cause. 'There is a rumor that The Promenade is sinking and there's no truth to that,' he said. 'It's quite the opposite. It's heaving.' The problems were found to be the result of a Louisiana company providing fill material that caused the soil to heave and slabs to crack. Lawsuits were filed to collect some of the damages. Construction continued at the east side of The Promenade to add Ashley Home Furniture, Burlington and other stores. 'The Promenade seems to stay full of tenants, and if someone does move out, they've got somebody locked in,' Weaver said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBS News
17-07-2025
- Automotive
- CBS News
Willow Festival in Northbrook, Illinois closed "for foreseeable future" after vehicle fire, police say
Northbrook police said the Willow Festival shopping center has been closed indefinitely because of a vehicle fire Thursday. The Northbrook Police Department posted on their Facebook page a little after 1:45 p.m. that the plaza "will be closed for the foreseeable future" after a car caught fire. They did not offer any further details. Willow Festival is a large, mostly outdoor shopping plaza with stores including Whole Foods, Ulta, REI, and HomeGoods. Polcie are asking people to avoid the area. They did not offer any information about when the shopping center could be expected to reopen, or whether any other cars or stores suffered any damage from the incident.
