CBL Properties
CFO | |
Products | Shopping centers |
---|---|
Revenue | US$768 million (2019) |
US$-131 million (2019) | |
Total assets | US$4.622 billion (2019) |
Total equity | US$861 million (2019) |
Number of employees | 594 (2019) |
Website | cblproperties |
Footnotes / references [1] |
CBL Properties (previously CBL & Associates, Inc., then CBL & Associates Properties, Inc.) is an American
The company's name is based on the initials of its founder, Charles B. Lebovitz.
History
In 1961, Moses Lebovitz, his son, Charles B. Lebovitz, and Jay Solomon founded Independent Enterprises.
In 1995, the company acquired two shopping malls,
In 2007, the company acquired four malls in the St. Louis area from
On March 20, 2019, the company settled a lawsuit that it overcharged tenants for electricity by setting aside a $90 million fund to be distributed to the plaintiffs.
References
- ^ a b c d "CBL & Associates Properties, Inc. 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ a b c d e f Pare, Mike (July 30, 2017). "Retail powerhouse Hamilton Place mall turns 30". Chattanooga Times Free Press.
- ^ "Company Briefs". The New York Times. April 5, 1995.
- ^ "Company News; 5 Nashville Shopping Centers Sold For $247 Million". The New York Times. Bloomberg News. June 25, 1998.
- ^ "CBL & Associates To Buy Two Malls In The Midwest". The New York Times. Bloomberg News. August 28, 1998.
- ^ "CBL Shareholders OK $1.3 Bln Acquisition of Mall Portfolio". Commercial Real Estate Direct. January 18, 2001. Archived from the original on August 22, 2017. Retrieved August 21, 2017.
- ^ "CBL & Associates Properties Announces Grand Opening of Imperial Valley Mall in Southern California; Majority of Retailers at Imperial Valley Mall Make Their Debut in the Market" (Press release). Business Wire. March 9, 2005.
- ^ "CBL & Associates Properties to Acquire Three-Mall Portfolio for $516.9 Million" (Press release). Business Wire. October 17, 2005.
- ^ "CBL Gains Control of Four Leading St. Louis Area Regional Malls in Transactions with the Westfield Group" (Press release). Business Wire. August 9, 2007.
- ^ "CBL closes on $1B purchase of four area malls". American City Business Journals. October 17, 2007.
- ^ "CBL to Acquire Northgate Mall in Chattanooga, TN" (Press release). Business Wire. September 22, 2011.
- ^ Pare, Mike (September 22, 2011). "CBL buying Chattanooga's Northgate Mall". Chattanooga Times Free Press.
- ^ Pare, Mike (October 14, 2012). "Chattanooga's Northgate Mall to get multimillion dollar revamp". Chattanooga Times Free Press.
- ^ Kukuljan, Steph (July 19, 2016). "Chesterfield Mall owner defaulted on $140 million loan, lawsuit says". American City Business Journals.
- ^ "CBL & Associates Properties, Inc. Acquires Five Sears Stores for Future Redevelopment Through Sale-Leaseback" (Press release). Business Wire. January 30, 2017.
- ^ "Gigamon, CBL & Associates Properties and Cytokinetics Set to Join S&P SmallCap 600" (Press release). PR Newswire. April 17, 2017.
- ^ "CBL Properties Announces Completion of Strategic Rebranding Initiative" (Press release). Business Wire. October 5, 2017.
- ^ "CBL Properties Announces Proposed Settlement of Class Action Lawsuit" (Press release). Business Wire. March 26, 2019.
- ^ Thomas, Lauren (2 November 2020). "America's malls under pressure: CBL, Pennsylvania REIT, file for bankruptcy". CNBC. Retrieved 2 November 2020.
- ^ Valinsky, Jordan (November 2, 2020). "Two major mall owners file for bankruptcy". CNN. Retrieved 2 November 2020.
External links
- Business data for CBL Properties: