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$CDR said it closed on the acquisition of Glenwood Village in Bloomfield, NJ. The 64,000 square foot, newly constructed, mixed-use property was acquired unencumbered for $19.5MM. Glenwood Village, anchored by a Foodtown Supermarket on the retail level, features upper floor apartment units owned by Avalon Bay.
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.