BRIEFCASE MACERICH BUYING EAST COAST FIRM.Byline: - Staff and Wire Services SANTA MONICA Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. - Shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into owner The Macerich Partnership LP said Thursday that it will pay $2.33 billion for real estate investment firm Wilmorite Properties Wilmorite Properties, Inc is a commercial real estate company based in Rochester, New York. J.P. Wilmot founded the company in 1950[1] and since then Wilmorite has developed retail, office, hotel, and residential real estate. Inc. and Wilmorite Holdings LP. The deal includes Macerich assuming $882 million in Rochester, N.Y.- based Wilmorite debt. The company's holdings includes interests in 11 regional malls and two open-air community centers in Connecticut, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New Jersey, Kentucky and Virginia. Santa Monica-based Macerich's holdings will be increased to 74 regional malls. The company is one of the nation's biggest owners and operators of these facilities. The company's local holdings include the Panorama Mall in Panorama City, The Oaks in Thousand Oaks Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. and the Westside Pavilion The Westside Pavilion is a shopping mall located in West Los Angeles. It is owned and operated by The Macerich Company. It is a three story urban-style shopping mall with 150 shops and is anchored by a Macy's (formerly May Company and later Robinsons-May) and a Nordstrom. . Economic picture mixed but upbeat WASHINGTON - America's consumers came off a buying binge and were somewhat less jolly spenders in November. New-home sales, meanwhile, cooled from a record high, while demand for big-ticket manufactured goods rebounded. The latest batch of economic reports released Thursday, though sending slightly mixed signals, still painted a picture of a modestly growing economy, analysts said. Stockholders OK AMC (Advanced Mezzanine Card) See AdvancedTCA. acquisition KANSAS CITY, Mo. - Stockholders on Thursday formally approved Marquee Holdings Inc.'s $2 billion acquisition of movie-theater chain AMC Entertainment Inc. The deal, announced July 22 by AMC, calls for common-stock holders to receive $19.50 per share, while preferred-stock owners will receive $2,727.27 per share. Marquee, a private investment firm, will fully own the formerly public company. Company officials say moviegoers won't notice any changes because of the transaction. AMC will continue under its current name and the company's corporate offices will remain in Kansas City under existing management. FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. is tightening do-not-call rules WASHINGTON - People who register to be left alone by telemarketers can expect that to start happening sooner under new rules announced Thursday. Starting Jan. 1, telemarketers will have to match their contact lists against the national do-no-call registry every 31 days instead of every three months, the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. said. The registry, which was established in October 2003, has more than 69 million telephone numbers, and is administered by both the FCC and Federal Trade Commission. The ban on unwanted phone solicitations is the government's attempt to safeguard personal privacy and reduce telemarketing abuse. Dollar at new low against the euro BERLIN - The U.S. dollar hit an all-time low in thin pre-holiday trading Thursday against the euro, which breached the $1.35 mark after a mixed economic report from the U.S. Commerce Department. After peaking at $1.3506, the euro eased back slightly to $1.3493, up more than a cent from $1.3381 late Wednesday. The previous high of $1.3470 was set Dec. 7. The 12-nation currency has risen sharply since September, when it was trading for around $1.20, over persistent concerns about the ballooning U.S. trade and budget deficits. With no end to U.S. economic problems in sight, analysts see the trend continuing. |
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