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Article: Urban Shopping Centers, Inc. to Acquire Old Orchard Shopping Center
- Article from:
- PR Newswire
- Article date:
- November 7, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Nov. 7 /PRNewswire/ -- Urban Shopping Centers, Inc. (NYSE: URB) today announced that it has reached an agreement in principle to purchase Old Orchard Shopping Center from an affiliate of the Zell Merrill Lynch Real Estate Opportunity Partners Limited Partnership II and an affiliate of JMB Realty Corporation in a transaction valued at $106 million in cash and securities and subject to $160 million of existing liabilities. Completion of the acquisition is subject to the completion of customary due diligence review and other customary closing conditions. Assuming all reviews are satisfactory, the acquisition is expected to close by year-end.
"We ...
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Article: Urban Shopping Centers, Inc. Announces ...
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... ... April 15 /PRNewswire/ -- Urban Shopping Centers, Inc. (NYSE: URB) announced ... The property is owned by Urban Shopping Centers, Inc. (55%) and an ... basis at LIBOR + 1.15%. Urban Shopping Centers, Inc. has fixed the interest ...
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