Furniture World News By Nic Ledoux on 4/13/2021
The new Ashley HomeStore in Brookhaven, located at 499 Sunrise Highway in the Gateway Plaza Shopping Center, recently celebrated its grand opening with a ribbon-cutting and donation of 50 beds to Hope For Youth.
During the celebration, 50 “Hope to Dream” twin-sized beds were donated to children in the Brookhaven area in need. Ashley HomeStore donated one bed for each year Hope For Youth has been operating. In addition to the donation, guests were invited to participate in a V.I.P. preview event on April 9th, in exchange for a $10 donation to Hope For Youth.
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SANTA MONICA, Calif., April 1, 2021 /PRNewswire/ Macerich (NYSE: MAC), one of the nation s leading owners, operators and developers of one-of-a-kind retail and mixed-use properties in top markets, today announced it has sold Paradise Valley Mall, a non-core asset in Phoenix, for $100 million to a newly formed joint venture with an affiliate of RED Development.
Paradise Valley Mall Perspective
The transaction, which closed on March 29, 2021, generated net proceeds for Macerich of approximately $95 million. Macerich will retain a 5% joint venture interest in this multi-year, multi-phased project led by RED Development, a Phoenix-based mixed-use real estate company.