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$MAC said that it has closed or committed on two other life company loans and that it is on the market with a third. $MAC has also committed to a $375MM loan at The Shops at North Bridge, a 12-year fixed rate loan and the rate is locked at 3.68%. This refi will pay off the existing loan, which is $189MM with an interest rate of 7.5%.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.