Today's Man is shutting city store

Article Abstract:

Today's Man (Moorestown, NJ) will close its store on Chestnut Street in Philadelphia, due to underperformance. Affected employees will be moved to other store locations.

Men's & boys' clothing stores, Males' Clothing, Retail, Men's Clothing Stores, Today's Man Inc., TMAN

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Genuardi family will sell all 39 stores to Safeway

Article Abstract:

Safeway Inc. is acquiring all of Genuardi Family Market stores for an undisclosed amount. Genuardi is selling Safeway all 39 of its stores.

Acquisitions & mergers, Grocery Stores, Supermarkets and Other Grocery (except Convenience) Stores, Supermarkets, SWY, Safeway Inc., Genuardi's Family Markets Inc.

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Brandywine Realty expands holdings in $612 million deal

Article Abstract:

Brandywine Realty Trust, a real estate investment trust, will acquire for $612 million 68 office and industrial properties of Atlantic American Properties and Commonwealth Atlantic Properties, both affiliates of Lazard Freres Real Estate Investors LLC, an arm of investment banking company Lazard Freres & Co. The transaction, which involves 5.6-million-sq-ft of space, is expected to be completed in the third quarter of 1998. The properties, which are 94% leased to over 500 clients, will help Brandywine gain operating efficiencies. Brandywine will issue Lazard Freres $135 million in convertible preferred securities as part of the deal.

Comment:

Will buy for $612 mil 68 office & industrial properties of Atlantic American Properties & Commonwealth Atlantic Properties

Land Subdivision and Land Development, North Carolina, Real Estate Invest Trusts, Real Estate Investment Trusts, Office & Commercial Developers, Commercial developers, Brandywine Realty Trust, Article, Commonwealth Atlantic Properties, Atlantic American Properties Inc.

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