DOCSLIB.ORG

GGP Evolving 2007 Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
GGP Evolving 2007 Annual Report ORT P 7 ANNUAL RE 7 ANNUAL 200 GENERAL GROWTH PROPERTIES | 2007 ANNUAL REPORT ggp.com | 960-5000 ) 312 110 North Wacker Drive, Chicago, Illinois 60606 North Wacker 110 ( ggp | evolving The people of General Growth Properties create and operate some of the most exciting, vibrant and entertaining shopping centers and planned communities in the world. But our passion is to think bigger —beyond the structures and lift | company profi le property we own—to the environment we share lift | fi nancial highlights and the communities we serve. In that spirit, GGP 1 | shareholders’ letter continuously fi nds situations where sustainability is 17 | retail portfolio as good for our business as it is for the environment. following portfolio | form 10-K Staying true to our vision and values, using honest directors/offi cers evaluations and the powerful multiplier of teamwork, corporate information GGP strives to evolve every area of our business. Bridgeland Houston, Texas company profi le General Growth Properties, Inc. is one of the largest U.S.- based publicly traded real estate investment trusts (REIT) based upon market capitalization. Best known for its ownership or management of more than 200 shopping malls in 45 states, we are also a leading developer of master planned communities and mixed-use properties. We have ownership interests in master planned communities in Texas, Maryland and Nevada and in smaller mixed-use projects under development in additional locations. Our shopping center portfolio totals FINANCIAL HIGHLIGHTS dollars in thousands, except per share amounts approximately 200 million square feet of retail space accommodating more than % Change 2007 24,000 retail stores nationwide. Our international portfolio includes ownership vs. 2006 2007 2006 2005 2004 2003 and management interest in shopping centers in Brazil and Turkey. General Growth Consolidated Property Revenues 11.0% $ 2,998,401 $ 2,702,266 $ 2,602,525 $ 1,652,773 $ 1,183,763 Properties, Inc. is listed on the New York Stock Exchange under the symbol GGP. Unconsolidated Property Revenues (at Company Share) -6.4% $ 674,824 $ 720,637$ 653,821$ 458,390$ 443,488 For more information, please visit the company web site at www.ggp.com. Funds From Operations (FFO) (Before Minority Interests) 22.0% $ 1,100,808 $ 902,361$ 891,696$ 766,164$ 618,561 FFO Per Share (Fully Diluted)(1) 21.2% $ 3.71 $ 3.06 $ 3.05 $ 2.77 $ 2.31 Consolidated Real Estate Assets at Cost 16.4% $30,449,086 $ 26,160,637 $ 25,404,891 $ 25,254,333 $ 10,307,961 REGIONAL MALLS OWNED 2003 138 Stock and Partnership Units (outstanding at year end) AND OPERATING* 2004 186 Shares of Common Stock 243,898,096 242,066,629 239,196,649 234,724,082 217,293,976 at year end 2005 192 (1) * Information presented Operating Partnership Units 51,850,986 52,890,591 53,061,895 55,532,263 55,712,250 for Consolidated and 2006 194 Unconsolidated Properties. Shares of Common Stock Assuming Full 2007 197 Conversion of Operating Partnership Units 295,749,082 294,957,220 292,258,544 290,256,345 273,006,226 TOTAL SQUARE FOOTAGE OWNED* 2003 122 in millions 2004 183 MALL DATA * Includes Consolidated and 2005 183 dollars in millions 2007 2006 2005 2004 2003 Unconsolidated regional malls, community centers, office and 2006 186 Mall Store Tenant Sales(2) $ 14,825 $ 14,224 $ 13,694 $ 12,753 $ 10,258 industrial properties. 2007 189 Regional Malls Owned and Operating at Year End(3) 197 194 192 186 138 Mall Store Square Footage Leased at Year End(2) 93.8% 93.6% 92.5% 92.1% 91.3% CONSOLIDATED REAL ESTATE 2003 10.3 ASSETS AT COST 2004 25.3 dollars in billions 2005 25.4 2006 26.2 2007 30.4 MALL STORE TENANT SALES*† 2003 10,258 dollars in millions 2004 12,753 * Information presented for Consolidated 2005 and Unconsolidated Properties. 13,694 † Excludes redevelopment properties 2006 14,224 (1) Operating Partnership Units can be exchanged on a one-for-one basis into shares of the Company’s common stock. and all retail spaces of 10,000 square (2) Excluding redevelopment properties and all retail spaces of 10,000 square feet or more. feet or more. 2007 14,825 (3) Includes Consolidated and Unconsolidated Properties. 2 1 Otay Ranch Town Center Chula Vista (San Diego), California dear shareholders | In 1970 the Beatles released the song Revolution. The lyrics included these phrases: You say you want a revolution Well, you know We all want to change the world. You tell me that it’s evolution, Well, you know We all want to change the world. General Growth Properties, Inc. (GGP) never set out to change the world, but for the last 53 years we have been uniquely positioned to help shape and evolve the retail world. That world is evolving more quickly and more dramatically than ever before. From the 1950s through the 1980s GGP was one of the driving forces behind the era of development in the shopping center industry. During this period we could build it and they would come. From the 1990s through 2004 GGP was a key participant in the consolidation of our industry. We acquired approximately 200 malls for approximately $30 billion. The and keep cool common thread throughout these 50+ years is that we have always been about refl ect | the mall. While we are still primarily about the mall, our strategy is to evolve our properties, support our employees and to continue to be one of the leading GGP takes the quiet approach to using our massive companies that will rapidly bring change to our industry and prepare it for scale to conserve energy. Customers probably the next 50 years. won’t notice changes like roofs that refl ect heat Before I share the many things we are doing and planning to make our and reduce air conditioning demand, lighting that’s evolution a reality, I would like to review last year’s financial performance. more effi cient and architecture that maximizes The year 2007 was another profitable one for the company. Since our initial the use of natural light. Nor are they aware of new public offering (IPO) in April 1993, GGP’s per-share growth in FFO has heating and cooling systems that silently improve increased at a rate of 15% compounded annually. Annual compounded total air quality while reducing energy consumption. return for GGP’s shareholders, including reinvested dividends, has been But the environment certainly feels the difference. approximately 19% from the IPO through December 31, 2007, compared In 2007 GGP properties ramped up excitement to 10% for the S&P 500 Cumulative Total Return Index and 10% for the while reducing energy use. For us, upon refl ection, NASDAQ during this same period. that’s the coolest thing of all. 2 3 Summerlin Las Vegas, Nevada In the past year GGP delivered: • FFO per fully diluted share of $3.71. • Total FFO for 2007 of approximately $1.1 billion. • Total sales increase of 4.3%. • Average sales per square foot of $462. • Total prorata property revenues for 2007 of approximately $3.7 billion. • Total prorata retail and other net operating income (NOI) of approximately $2.5 billion. • An increase in year-end mall shop occupancy to 93.8%. By all the measures mentioned above, our core retail business continued to improve in 2007. Unfortunately, the stock market took a different view of our performance. For only the second time in the last 14 years we did not deliver a stock price increase to our shareholders. However, our future remains full of positives and excitement as a result of our predictable and growing sales, occupancy and retail operating cash flows. The stock market has acknowledged and responded to these inherent qualities in the past. I look forward to its recognition again in the future. The past is important, but I am much more focused on what we will do for you in the future. Major areas of evolution that will occur within GGP include: • Project architecture. • Mixed-use development (alternative real estate product types such and move forward as residential, hospitality and office). simplify | • Master planned community development. • Sustainability. By developing mixed-use properties and master planned communities that combine residential, • International development and ownership of real estate. commercial, recreation and retail space, GGP How we design and develop shopping centers at GGP is constantly evolving. creates pedestrian-friendly places. We put more For over five decades we have developed and operated shopping centers serving of what people want within walking distance communities throughout the United States, and now, countries around the and include bike paths and walking trails that world, specifically Brazil and Turkey. Each development project type, be it a make leaving the car parked an attractive option. new development, a renovation or an expansion, demands a special experience GGP continuously strives to maximize return on and a unique architectural design that integrates the project with its community. investment by developing effi cient uses of space. It’s simple, and it’s moving forward. 4 5 company performance The graph below compares the five-year cumulative total stockholder return The specific architectural design criteria of GGP’s centers have evolved over the assuming the investment of $100 on December 31, 2002 (and the reinvestment years. From the timeless contemporary architecture of Stonebriar Center, Frisco of dividends thereafter) in each of GGP’s common stock, the S&P 500 Stock (Dallas), Texas, and the traditional warmth and comfort of Jordan Creek Town Index, the NAREIT All Equity REIT Index and GGP’s peer group (the “Peer Center, West Des Moines, Iowa, to the thrilling elegance and sophistication of Group”).
Load more

Recommended publications
  • Track Record of Prior Experience of the Senior Cobalt Team
    Track Record of Prior Experience of the Senior Cobalt Team Dedicated Executives PROPERTY City Square Property Type Responsibility Company/Client Term Feet COLORADO Richard Taylor Aurora Mall Aurora, CO 1,250,000 Suburban Mall Property Management - New Development DeBartolo Corp 7 Years CEO Westland Center Denver, CO 850,000 Suburban Mall Property Management and $30 million Disposition May Centers/ Centermark 9 Years North Valley Mall Denver, CO 700,000 Suburban Mall Property Management and Redevelopment First Union 3 Years FLORIDA Tyrone Square Mall St Petersburg, FL 1,180,000 Suburban Mall Property Management DeBartolo Corp 3 Years University Mall Tampa, FL 1,300,000 Suburban Mall Property Management and New Development DeBartolo Corp 2 Years Property Management, Asset Management, New Development Altamonte Mall Orlando, FL 1,200,000 Suburban Mall DeBartolo Corp and O'Connor Group 1 Year and $125 million Disposition Edison Mall Ft Meyers, FL 1,000,000 Suburban Mall Property Management and Redevelopment The O'Connor Group 9 Years Volusia Mall Daytona Beach ,FL 950,000 Suburban Mall Property and Asset Management DeBartolo Corp 1 Year DeSoto Square Mall Bradenton, FL 850,000 Suburban Mall Property Management DeBartolo Corp 1 Year Pinellas Square Mall St Petersburg, FL 800,000 Suburban Mall Property Management and New Development DeBartolo Corp 1 Year EastLake Mall Tampa, FL 850,000 Suburban Mall Property Management and New Development DeBartolo Corp 1 Year INDIANA Lafayette Square Mall Indianapolis, IN 1,100,000 Suburban Mall Property Management
    [Show full text]
  • Prom 2018 Event Store List 1.17.18
    State City Mall/Shopping Center Name Address AK Anchorage 5th Avenue Mall-Sur 406 W 5th Ave AL Birmingham Tutwiler Farm 5060 Pinnacle Sq AL Dothan Wiregrass Commons 900 Commons Dr Ste 900 AL Hoover Riverchase Galleria 2300 Riverchase Galleria AL Mobile Bel Air Mall 3400 Bell Air Mall AL Montgomery Eastdale Mall 1236 Eastdale Mall AL Prattville High Point Town Ctr 550 Pinnacle Pl AL Spanish Fort Spanish Fort Twn Ctr 22500 Town Center Ave AL Tuscaloosa University Mall 1701 Macfarland Blvd E AR Fayetteville Nw Arkansas Mall 4201 N Shiloh Dr AR Fort Smith Central Mall 5111 Rogers Ave AR Jonesboro Mall @ Turtle Creek 3000 E Highland Dr Ste 516 AR North Little Rock Mc Cain Shopg Cntr 3929 Mccain Blvd Ste 500 AR Rogers Pinnacle Hlls Promde 2202 Bellview Rd AR Russellville Valley Park Center 3057 E Main AZ Casa Grande Promnde@ Casa Grande 1041 N Promenade Pkwy AZ Flagstaff Flagstaff Mall 4600 N Us Hwy 89 AZ Glendale Arrowhead Towne Center 7750 W Arrowhead Towne Center AZ Goodyear Palm Valley Cornerst 13333 W Mcdowell Rd AZ Lake Havasu City Shops @ Lake Havasu 5651 Hwy 95 N AZ Mesa Superst'N Springs Ml 6525 E Southern Ave AZ Phoenix Paradise Valley Mall 4510 E Cactus Rd AZ Tucson Tucson Mall 4530 N Oracle Rd AZ Tucson El Con Shpg Cntr 3501 E Broadway AZ Tucson Tucson Spectrum 5265 S Calle Santa Cruz AZ Yuma Yuma Palms S/C 1375 S Yuma Palms Pkwy CA Antioch Orchard @Slatten Rch 4951 Slatten Ranch Rd CA Arcadia Westfld Santa Anita 400 S Baldwin Ave CA Bakersfield Valley Plaza 2501 Ming Ave CA Brea Brea Mall 400 Brea Mall CA Carlsbad Shoppes At Carlsbad
    [Show full text]
  • Generalgrowthproperties
    BUILT TO LEAD BUILT TO GROW BUILT TO PROSPER GENERALGROWTHBUILT PROPERTIES TO LASTANNUAL REPORT 2002 COMPANY PROFILE General Growth Properties and its predecessor companies have been in the shopping center busi- ness for nearly fifty years. It is the second largest regional mall Real Estate Investment Trust (REIT) in the United States. General Growth owns, develops, operates and/or manages shopping malls in 39 states. GGP has ownership interests in, or management responsibility for, 160 regional shopping malls totaling more than 140 million square feet of retail space. The total retail space is inclusive of more than 16,000 retailers nationwide. General Growth provides investors with the opportunity to participate in the ownership of high-quality, income-producing real estate while maintaining liquidity. Our primary objective is to provide increasing dividends and capital appreciation for our shareholders. Creating shareholder value is the company’s mission. The Bucksbaum family, which founded General Growth, is still engaged in the operation of the company’s day-to-day business activities. As owners of a major stake in the company, General Growth management’s interests are aligned with those of each and every GGP shareholder. CONTENTS Shareholders’ Letter 4 Operating Principles 7 Portfolio 17 Financial Review 29 Directors and Officers 85 Corporate Information 86 Financial Highlights SHOPPING CENTERS OWNED at year end * 1997 64 1998 84 1999 93 2000 95 2001 97 2002 125 TOTAL SQUARE FOOTAGE OWNED in millions 1997 52 1998 71 1999 83 2000 85 2001 89 2002 114 REAL ESTATE ASSETS AT COST in millions 1997 $2,590 1998 $4,760 1999 $6,237 2000 $6,735 2001 $7,319 2002 $9,902 MALL SHOP SALES in millions ** 1997 $2,651 1998 $5,176 1999 $6,931 2000 $7,243 2001 $7,326 2002 $9,061 DIVIDEND GROWTH PER SHARE dollar/share declared 1997 $1.80 1998 $1.88 1999 $1.98 2000 $2.06 2001 $2.36 2002 $2.74 FFO GROWTH dollar/share 1997 $2.89 1998 $3.35 1999 $4.02 2000 $4.42 2001 $4.96 2002 $5.58 * Includes regional malls only.
    [Show full text]
  • Commercial Land
    Rogue Valley Delta Park Center International OldOld Navy Navy FOR SALE Airport MichaelsMichaels SafeSafeway PetSmart Rogue Valley Mall Commercial Land Kohl’s at I-5 Interchange | Phoenix, OR Bed Bath & Poplar Square Beyond Maurice’s The last sizeable Rue 21 commercial EXIT 30 acreage *6.3 2.35 Bear Creek Plaza at a freeway Residential AC AC interchange 6.31 AC Northgate Marketplace in the growing Medford Metro Medford Center 4.0 AC Downtown Commercial Medford Rogue Valley 25.9 AC Country Club EXIT 27 Stewart Quail Meadows Point 2,557 ADT Golf Course Bear Creek Golf Golf Course Course Centennial US Cellular Golf Club Community Medford Contact: Cushman & Wakefield: Park Tom Fischer Tom Usher, Executive Director PLANNED Principal Broker +1 503 279 1777 RESIDENTIAL [email protected] Coldwell Banker Commercial DEVELOPMENT +1 541 646 7840 Anne Hecht, Director/Retail [email protected] +1 503 279 1728 SITE [email protected] Keegan Clay, Senior Associate EXIT 24 +1 503 279 1704 [email protected] FOR SALE 2.35 *6.3 Residential AC AC 6.31 AC COMMERCIAL LAND at I-5 Interchange Exit 24 3775 Fern Valley Rd 40,600 4.0 Phoenix, Oregon ADT (2015) AC 97535 Commercial 25.9 AC The Shoppes @ Exit 24 ADT 2,557 ADT 12,894 39,300 ADT (2015) MEDFORD CONTACT: Property Highlights • Last sizable I-5 interchange acreage in the region Tom Fischer Principal Broker • Approved for 713 pm Peak Hour Trips Coldwell Banker Commercial (no further traffic studies required) +1 541 646 7840 Location 3775 Fern Valley Road [email protected] Interstate
    [Show full text]
  • Alabama Arizona Arkansas California Riverchase Galleria | Hoover, AL
    While we are all eager to get back to business as soon as possible, the timing of our reopening plans is subject to federal, state and local regulations, so projected reopening dates are subject to change. Reopening plans and policies will adhere to federal, state, and local regulations and guidance, and be informed by industry best practices, which will vary based on location and other circumstances. Last Updated: May 27, 2020 Open Properties with Restrictions Alabama Arizona Arkansas California Riverchase Galleria | Hoover, AL Park Place | Tucson, AZ Pinnacle Hills Promenade | Rogers, AR Chula Vista Center | Chula Vista, CA The Shoppes at Bel Air | Mobile, AL The Mall at Sierra Vista | Sierra Vista, AZ Fig Garden Village | Fresno, CA Tucson Mall | Tucson, AZ Galleria at Tyler | Riverside, CA Mt. Shasta Mall | Redding, CA Otay Ranch Town Center | Chula Vista, CA Promenade Temecula | Temecula, CA The Shoppes at Carlsbad | Carlsbad, CA Valley Plaza Mall | Bakersfield, CA Victoria Gardens | Rancho Cucamonga, CA Colorado Connecticut Florida Georgia Park Meadows | Lone Tree, CO Brass Mill Center | Waterbury, CT Altamonte Mall | Altamonte Springs, FL Augusta Mall | Augusta, GA The Shoppes at Buckland Hills | Manchester, CT Coastland Center | Naples, FL Cumberland Mall | Atlanta, GA The Shops at Somerset Square | Glastonbury, CT Governor's Square | Tallahassee, FL North Point Mall | Alpharetta, GA The SoNo Collection | Norwalk, CT Lakeland Square Mall | Lakeland, FL Oglethorpe Mall | Savannah, GA Mizner Park | Boca Raton, FL Peachtree Mall |
    [Show full text]
  • Copyrighted Material
    American Express (Denver), 56 Arts and crafts Index America the Beautiful Access Boulder, 152 Pass, 36 Colorado Springs, 212 See also Accommodations and America the Beautiful Senior Denver, 104–105 Restaurant indexes, below. Pass, 36–37 Art Source International Amtrak, 31, 32 (Boulder), 152 Denver, 50 Arvada Center for the Arts & Andrew J. Macky Gallery Humanities (Denver), 114 General Index (Boulder), 145 Asian community (Denver), 52 A Angie Star Jewelry (Boulder), Ask-A-Nurse Centura, 56 153 Aspenglen campground (Rocky AAA (American Automobile Anglers All (Denver), 98 Mountain National Park), 168 Association) GENERAL INDEX Angler's Covey (Colorado Astor House Museum (Golden), Boulder, 126 Springs), 208 116 Colorado Springs, 178 Antique Emporium at Manitou A Taste of Colorado (Denver), 26 Denver, 55 Springs, 211 Atencio, John (Denver), 107 A&A Historical Trails Stables, 121 Antique Row (Denver), 104 ATMs (automated-teller AARP, 36 Antiques machines), 33–34 Academy Boulevard (Colorado Colorado Springs, 211 Australia Springs), 178 Denver, 104 customs regulations, 28 Academy Riding Stables Applejack Wine & Spirits embassy of, 229 (Colorado Springs), 209 (Denver), 106 passports, 231 Accommodations. See also Aquarium, Downtown visas, 232 Accommodations Index (Denver), 90 Auto racing best, 4–6 Arapahoe Park (Aurora), 103 Colorado Springs, 210 Boulder, 128–134 Arcade Amusements (Manitou Denver, 102–103 Cañon City, 220–221 Springs), 207 Pueblo, 227 Colorado Springs, 180–187 Area codes, 22, 56 Denver, 57–67 Boulder, 127 eco-friendly, 37–38 Colorado
    [Show full text]
  • GENERAL GROWTH PROPERTIES, INC. 2001 Annual Report on Behalf of All the Employees Of
    GENERAL GROWTH PROPERTIES, INC. 2001 annual report On behalf of all the employees of General Growth Properties, I would like to extend our condolences to anyone who lost a loved one, a friend, an acquaintance or a co-worker in The regional mall business is about relationships. the tragedy of September 11, 2001. We do not forge them lightly, but with the intent We are a country of strong individuals to nurture and strengthen them over time. Even in periods of distress, the relationships with who will continue to unite as we have rock solid our consumers, owners, retailers, and employees keep throughout our history.We will not us rooted in one fundamental belief: that success can be achieved allow horrific acts of terrorism to destroy when we work together.The dynamics of our the greatest and most powerful nation industry dictate that sustainability is contingent upon in the world. God bless you. the integrity of our business practices.We will never lose sight of this fact and will carry out every endeavor to reflect the highest standards. contents Financial Highlights . lift Portfolio . 12 Company Profile . lift Financial Review . 21 Operating Principles . 2 Directors and Officers . 69 Shareholders’ Letter . 4 Corporate Information . 70 Shopping Centers Owned at year end includes Centermark 1996 75 company profile General Growth Properties and its predecessor companies 1997 64 have been in the shopping center business for nearly fifty years. It is the second largest regional 1998 84 mall Real Estate Investment Trust (REIT) in the United States. General Growth owns, develops, 1999 93 operates and/or manages shopping malls in 39 states.
    [Show full text]
  • State City Shopping Center Address
    State City Shopping Center Address AK ANCHORAGE 5TH AVENUE MALL SUR 406 W 5TH AVE AL FULTONDALE PROMENADE FULTONDALE 3363 LOWERY PKWY AL HOOVER RIVERCHASE GALLERIA 2300 RIVERCHASE GALLERIA AL MOBILE BEL AIR MALL 3400 BELL AIR MALL AR FAYETTEVILLE NW ARKANSAS MALL 4201 N SHILOH DR AR FORT SMITH CENTRAL MALL 5111 ROGERS AVE AR JONESBORO MALL @ TURTLE CREEK 3000 E HIGHLAND DR STE 516 AR LITTLE ROCK SHACKLEFORD CROSSING 2600 S SHACKLEFORD RD AR NORTH LITTLE ROCK MC CAIN SHOPG CNTR 3929 MCCAIN BLVD STE 500 AR ROGERS PINNACLE HLLS PROMDE 2202 BELLVIEW RD AZ CHANDLER MILL CROSSING 2180 S GILBERT RD AZ FLAGSTAFF FLAGSTAFF MALL 4600 N US HWY 89 AZ GLENDALE ARROWHEAD TOWNE CTR 7750 W ARROWHEAD TOWNE CENTER AZ GOODYEAR PALM VALLEY CORNERST 13333 W MCDOWELL RD AZ LAKE HAVASU CITY SHOPS @ LAKE HAVASU 5651 HWY 95 N AZ MESA SUPERST'N SPRINGS ML 6525 E SOUTHERN AVE AZ NOGALES MARIPOSA WEST PLAZA 220 W MARIPOSA RD AZ PHOENIX AHWATUKEE FOOTHILLS 5050 E RAY RD AZ PHOENIX CHRISTOWN SPECTRUM 1727 W BETHANY HOME RD AZ PHOENIX PARADISE VALLEY MALL 4510 E CACTUS RD AZ TEMPE TEMPE MARKETPLACE 1900 E RIO SALADO PKWY STE 140 AZ TUCSON EL CON SHPG CNTR 3501 E BROADWAY AZ TUCSON TUCSON MALL 4530 N ORACLE RD AZ TUCSON TUCSON SPECTRUM 5265 S CALLE SANTA CRUZ AZ YUMA YUMA PALMS S C 1375 S YUMA PALMS PKWY CA ANTIOCH ORCHARD @SLATTEN RCH 4951 SLATTEN RANCH RD CA ARCADIA WESTFLD SANTA ANITA 400 S BALDWIN AVE CA BAKERSFIELD VALLEY PLAZA 2501 MING AVE CA BREA BREA MALL 400 BREA MALL CA CARLSBAD PLAZA CAMINO REAL 2555 EL CAMINO REAL CA CARSON SOUTHBAY PAV @CARSON 20700 AVALON
    [Show full text]
  • Capitol Boulevard Plan Market Analysis Property Counselors Page I Draft: for Review and Comment Only
    CAPITOL BOULEVARD PLAN MARKET ANALYSIS PREPARED FOR: CITY OF TUMWATER AND MAKERS ARCHITECTURE AND URBAN DESIGN PREPARED BY: PROPERTY COUNSELORS JULY 2012 DRAFT: FOR REVIEW AND COMMENT ONLY TABLE OF CONTENTS Table of Contents ................................................................................................................. i I. Introduction and Summary ............................................................................................. 1 Introduction ..................................................................................................................... 1 Summary ......................................................................................................................... 2 Economic and Demographic Overview ...................................................................... 2 District Profile ............................................................................................................. 2 Demand for Retail ....................................................................................................... 2 Demand for Office ...................................................................................................... 3 Demand for Residential .............................................................................................. 3 Demand for Lodging ................................................................................................... 4 Summary of Potential Demand ..................................................................................
    [Show full text]
  • Chapter 11 ) CHRISTOPHER & BANKS CORPORATION, Et Al
    Case 21-10269-ABA Doc 125 Filed 01/27/21 Entered 01/27/21 15:45:17 Desc Main Document Page 1 of 22 TROUTMAN PEPPER HAMILTON SANDERS LLP Brett D. Goodman 875 Third Avenue New York, NY 1002 Telephone: (212) 704.6170 Fax: (212) 704.6288 Email:[email protected] -and- Douglas D. Herrmann Marcy J. McLaughlin Smith (admitted pro hac vice) Hercules Plaza, Suite 5100 1313 N. Market Street Wilmington, Delaware 19801 Telephone: (302) 777.6500 Fax: (866) 422.3027 Email: [email protected] [email protected] – and – RIEMER & BRAUNSTEIN LLP Steven E. Fox, Esq. (admitted pro hac vice) Times Square Tower Seven Times Square, Suite 2506 New York, NY 10036 Telephone: (212) 789.3100 Email: [email protected] Counsel for Agent UNITED STATES BANKRUPTCY COURT DISTRICT OF NEW JERSEY ) In re: ) Chapter 11 ) CHRISTOPHER & BANKS CORPORATION, et al., ) Case No. 21-10269 (ABA) ) ) (Jointly Administered) Debtors. 1 ) _______________________________________________________________________ 1 The Debtors in these chapter 11 cases and the last four digits of each Debtor’s federal tax identification number, as applicable, are as follows: Christopher & Banks Corporation (5422), Christopher & Banks, Inc. (1237), and Christopher & Banks Company (2506). The Debtors’ corporate headquarters is located at 2400 Xenium Lane North, Plymouth, Minnesota 55441. Case 21-10269-ABA Doc 125 Filed 01/27/21 Entered 01/27/21 15:45:17 Desc Main Document Page 2 of 22 DECLARATION OF CINDI GIGLIO IN SUPPORT OF DEBTORS’ MOTION FOR INTERIM AND FINAL ORDERS (A)(1) CONFIRMING, ON AN INTERIM BASIS, THAT THE STORE CLOSING AGREEMENT IS OPERATIVE AND EFFECTIVE AND (2) AUTHORIZING, ON A FINAL BASIS, THE DEBTORS TO ASSUME THE STORE CLOSING AGREEMENT, (B) AUTHORIZING AND APPROVING STORE CLOSING SALES FREE AND CLEAR OF ALL LIENS, CLAIMS, AND ENCUMBRANCES, (C) APPROVING DISPUTE RESOLUTION PROCEDURES, AND (D) AUTHORIZING CUSTOMARY BONUSES TO EMPLOYEES OF STORES I, Cindi Giglio, make this declaration pursuant to 28 U.S.C.
    [Show full text]
  • Brookfield Properties' Retail Group Overview
    Retail Overview Brookfield Properties’ Retail Group Overview We are Great Gathering Places. We embrace our cultural core values of Humility, Attitude, Do The Right Thing, H Together and Own It. HUMILITY Brookfield Properties’ retail group is a company focused A ATTITUDE exclusively on managing, leasing, and redeveloping high- quality retail properties throughout the United States. D DO THE RIGHT THING T TOGETHER O HEADQUARTERS CHICAGO OWN IT RETAIL PROPERTIES 160+ STATES 42 INLINE & FREESTANDING GLA 68 MILLION SQ FT TOTAL RETAIL GLA 145 MILLION SQ FT PROFORMA EQUITY MARKET CAP $20 BILLION PROFORMA ENTERPRISE VALUE $40 BILLION Portfolio Map 2 7 1 4 3 5 3 6 2 1 2 1 1 2 1 3 3 3 1 1 2 4 1 2 1 3 2 1 1 10 4 2 5 1 4 10 2 3 3 1 48 91 6 5 6 2 7 6 4 5 11 7 4 1 1 1 2 2 2 5 7 1 2 1 2 1 1 1 1 6 1 3 5 3 4 15 19 2 14 11 1 1 3 2 1 2 1 1 3 6 2 1 3 4 18 2 17 3 1 2 1 3 2 2 5 3 6 8 2 1 12 9 7 5 1 4 3 1 2 1 2 16 3 4 13 3 1 2 6 1 7 9 1 10 5 4 2 1 4 6 11 5 3 6 2 Portfolio Properties 1 2 3 3 3 1 7 4 Offices 13 12 2 Atlanta, GA 7 3 1 1 Chicago, IL Baltimore, MD 8 5 2 Dallas, TX 4 Los Angeles, CA 6 New York, NY 8 2 9 5 Property Listings by State ALABAMA 7 The Oaks Mall • Gainesville 3 The Mall in Columbia • Columbia (Baltimore) 9 Brookfield Place • Manhattan WASHINGTON 8 Pembroke Lakes Mall • Pembroke Pines 4 Mondawmin Mall • Baltimore 10 Manhattan West • Manhattan 1 Riverchase Galleria • Hoover (Birmingham) 1 Alderwood • Lynnwood (Seattle) 5 Towson Town Center • Towson (Baltimore) 11 Staten Island Mall • Staten Island 2 The Shoppes at Bel Air • Mobile (Fort Lauderdale)
    [Show full text]
  • NRDC ACQUISITION CORP. (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2008 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number: NRDC ACQUISITION CORP. (Exact name of registrant as specified in its charter) Delaware 26-0500600 (State or other jurisdiction (I.R.S. Employer of incorporation or organization) Identification No.) 3 Manhattanville Road, Purchase, NY 10577 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (914) 272-8067 Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Units, each consisting of one share of Common Stock NYSE Alternext U.S. and one Warrant Common Stock, par value $0.0001 per share NYSE Alternext U.S. Common Stock Purchase Warrants NYSE Alternext U.S. Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o No x Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(a) of the Act. Yes o No x Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]