December 30, 2009
Roy, Walt Disney were pleasure to meet Roy Disney?s death was a very sad event (?Roy Disney, local benefactor, dies,? Dec. 16). He did a lot to continue the Disney name legend. I had the pleasure of saying ?Hello, how are you? to him outside the Trader Joe?s market in Toluca Lake in the past year or so. He was with his wife. They had both got out of their red Ferrari. He returned my salutation and said, ?Fine, how are you?? Many years ago I worked for a mechanical consulting engineer near the Disney Studio.
April 7, 2010
An aggressive bidding war for the operator of the Burbank Town Center and Glendale Galleria may be in the works after the company filed a reorganization plan last week in bankruptcy court, a move that has brought the local malls a step closer to full health, experts said. The plan from General Growth Properties Inc. would allow it to emerge from Chapter 11 bankruptcy protection as two independent companies with the backing of $6.55 billion from three investors, the firm said. But more than establishing its own restructuring plan, the filing sets the stage for other firms, like rival Simon Properties Inc., to make takeover bids.
February 17, 2010
General Growth Properties, which operates the Glendale Galleria and Burbank Town Center, rejected a $10-billion bid Tuesday from rival Simon Properties Inc. that could have brought the firm out of Chapter 11 bankruptcy protection. General Growth had considered the offer over the last week, before Simon Properties made the bid public, but in a response Tuesday said it had determined the offer was “not sufficient to preempt the process we are undertaking to explore all avenues to emerge from Chapter 11 and maximize value for all the company’s stakeholders.
January 9, 2010
Stan Hyman’s Dec. 29 letter “Columnist should apologize to mall,” criticizing Robert Phipps’ column regarding possible misdeeds at a mall kiosk (“Be wary of mall kiosks,” Dec. 23), was insulting and demeaning. The fact that Hyman took it upon himself to contact the manager at the Northridge Fashion Center and do some “investigative” work of his own speaks more to his misplaced sense of outrage and bluster than it does to any “unfounded and possibly libelous statements” of Phipps’.
December 22, 2009
What risks should we expect when we shop at a mall? I don’t mean risks from strangers — although that is something to be aware of. I’m referring to conduct by people who operate temporary kiosks set up in mall walkways during the holiday season. Last Thursday, a friend of mine, a young woman of 24, described to me a harrowing experience she had with the operator of a kiosk at the Northridge Fashion Center the evening before. Having seen temporary kiosks at the Burbank Town Center over the years, I could imagine the story repeating itself there.
April 18, 2009
DOWNTOWN — The owner of the Glendale Galleria and more than 200 shopping malls nationwide filed for Chapter 11 bankruptcy protection Thursday, resulting in one of the largest real estate failures in U.S. history, analysts said. General Growth Properties, a real estate investment trust based in Chicago, accrued $27.3 billion in debt on its way to becoming the second-largest mall operator in the U.S. The company intends to continue operating all of its shopping centers, including the Glendale Galleria and Burbank Town Center, throughout the bankruptcy process.