$WPG News

Last published 2y ago

2y agoCHCI SPG WPGComstock Appoints Robert P. Demchak as New General CounselBusiness WireReal estate industry veteran joins Comstock's Executive Leadership Team Comstock Holding Companies, Inc. (NASDAQ:CHCI) ("Comstock" or the "Company"), a leading asset manager, developer, and operator of mixed-use
5y agoWPGAs Mall Owner Exits Bankruptcy, No One Knows What It’s WorthBloomberg
5y agoWPGLandmark Theatres to Join Lifestyle Tenancy Lineup at Scottsdale QuarterBusiness WireWashington Prime Group Inc. (NYSE:WPG) today announced that Landmark Theatres will become the premier movie theatre operator at Scottsdale Quarter® ("The Quarter"), an open-air lifestyle center and mixed-use property located in Scottsdale, Arizona. The
5y agoWPGSVP Doubles Down With $5 Billion to Hunt for Troubled AssetsBloomberg
5y agoVSEC WPG SRZVSE Corporation Announces Appointment of Farinaz S. Tehrani as Chief Legal OfficerBusiness WireVSE Corporation (NASDAQ:VSEC), a leading provider of distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets in the public and private sectors, today announced the appointment of Farinaz S. Tehrani as
5y agoWPGWashington Prime Investors Seek to Slow Mall-Owner’s BankruptcyBloomberg
5y agoILMN ALOG BAC MS+9The Meme Stocks Can’t FailBloomberg
5y agoWPGWashington Prime Group Announces First-Class Office Development at The Mall at Fairfield CommonsBusiness WireWashington Prime Group Inc. (NYSE:WPG) announced an agreement to bring the newest commercial office development by Synergy & Mills Development to The Mall at Fairfield Commons in Beavercreek, Ohio, which is home to retail stores, restaurants, entertainm
5y agoWPGMall owner Washington Prime files for Chapter 11 bankruptcy protectionCNBCMall owner Washington Prime Group filed for Chapter 11 bankruptcy protection on Sunday after the Covid-19 pandemic forced temporary closures.
5y agoWPGWashington Prime Group Commences Voluntary Chapter 11 Financial Restructuring with RSA Supported by Over 70% of Holders of Secured and Unsecured Corporate DebtBusiness WireAccess to $100 million in DIP Financing to Support Operations Operations Will Continue Uninterrupted and in the Ordinary Course During Restructuring Vendors and Service Providers Expected to Be Unimpaired and All Claims Paid in Full Washi
5y agoWPGMall Owner Washington Prime Files For Chapter 11 BankruptcyBloomberg
5y agoGTT WPG BACU.S. CREDIT WEEK AHEAD: Frontloaded Supply Expected Before FOMCBloomberg
5y agoWPG MDLY GTT HTZGQ+2Zombie Stocks Defy Bankruptcy Logic as Meme Traders Bid Them UpBloomberg
5y agoWPGFieldhouseUSA Opens at Polaris Fashion Place® Bringing a Major Sports Entertainment Complex to Central OhioBusiness WireWashington Prime Group Inc. (NYSE:WPG) today announced that FieldhouseUSA recently opened its state-of-the-art 90,000 SF complex at Polaris Fashion Place®. A community based, multi-purpose indoor facility that offers a variety of sporting activities, a
5y agoCNST NVCN OEG UONE+1Thinking about buying stock in Constellation Pharmaceuticals, Neovasc, Orbital Energy, Washington Prime Group, or Urban One?PR NewswireNEW YORK, June 2, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CNST, NVCN, OEG, WPG, and UONE. To s
5y agoCLDR LX SNDL SPPI+1Thinking about buying stock in Cloudera, Sundial Growers, Washington Prime Group, LexinFintech, or Spectrum Pharmaceuticals?PR NewswireNEW YORK, June 1, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CLDR, SNDL, WPG, LX, and SPPI. To s
5y agoC WFC PBF GTT+3U.S. CREDIT WEEK AHEAD: Buyout Loans to Hit Market After HolidayBloomberg
5y agoWPGBurkes Outlet and Home Centric to Join Morgantown MallBusiness WireWashington Prime Group Inc. (NYSE:WPG) today announced that Burkes Outlet and Home Centric will open at Morgantown Mall in Morgantown, West Virginia, in the fourth quarter of 2021. Burkes Outlet and Home Centric, sister brands owned by Beall's, Inc., wi
5y agoWPGPopStroke to Open its First Orlando Location at Waterford Lakes Town CenterBusiness Wire- Includes two 18-hole putting courses designed by Tiger Woods and TGR Design- Guests can chose from a full service restaurant and bar or delivery right on the course- Provides unparalleled outdoor gathering place to entertain colleagues, friends and
5y agoGTT WPG KKR BLK+1U.S. CREDIT WEEK AHEAD: $35 Billion of High-Grade Supply On TapBloomberg
5y agoWPGWashington Prime Group Announces First Quarter 2021 ResultsBusiness WireWashington Prime Group Inc. (NYSE:WPG) today reported financial and operating results for the first quarter ended March 31, 2021. The Company's financial statements have been prepared assuming that the Company will continue as a going concern. The Compa
5y agoKKR RIG GTT WPG+10U.S. CREDIT WEEK AHEAD: CoreLogic to Sell $4 Billion Buyout LoanBloomberg
5y agoCPE BTU SQBG GTT+5U.S. CREDIT WEEK AHEAD: Platinum Equity to Wrap $4 Billion SaleBloombergPlatinum Equity is poised to headline a robust calendar next week with a $4 billion acquisition financing package. The private equity firm’s bond-and-loan deal comes as leveraged buyout funding activity picks up in both markets.
5y agoWPGWashington Prime Said to Seek $150 Million Bankruptcy LoanBloombergWashington Prime Group Inc., the owner of a nationwide group of shopping malls reeling from the pandemic, approached investors to sound out early interest in providing bankruptcy financing as it prepares to file for Chapter 11, according to people with knowledge of the discussions.
5y agoWPGWashington Prime Group Announces Fourth Quarter and Fiscal Year 2020 ResultsBusiness WireCOLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today reported financial and operating results for the fourth quarter and fiscal year ended December 31, 2020. The Company’s financial statements have been prepared assuming that the Company will continue as a going concern. The Company’s management has stated that there exists substantial doubt about the Company’s ability to ...
5y agoWPG SPGMall owner Washington Prime reportedly preparing to file for bankruptcyCNBCThe U.S. shopping mall owner Washington Prime Group is preparing to potentially file for Chapter 11 bankruptcy, Bloomberg reported Thursday.
5y agoPEI WPG AONE CBLAQ+1Mall Values Plunge 60% After Reappraisals Triggered by Bad DebtBloombergU.S. mall values plunged an average 60% after appraisals in 2020, a sign of more pain to come for retail properties even as the economy emerges from pandemic-enforced lockdowns.
5y agoWPG CBLAQ MS PEI‘Purgatory’ Grips $146 Billion of Distressed Commercial PropertyBloombergGood news about vaccines and rallying financial markets suggest the end of the coronavirus pandemic is in sight, but the worst may still be to come for commercial properties.
5y agoWPGShelby’s Sugar Shop® Sweetens Town Center Experience through Nostalgic Confectionary WonderlandBusiness WireCOLUMBUS, Ohio--(BUSINESS WIRE)--Striving to provide guests with unique, multi-sensory experiences, Washington Prime Group (NYSE: WPG) continues to find new ways to expand and enhance its brands. One example, Shelby’s Sugar Shop®, a sweet creation by the Company, has been creating cheer through its array of classic, craft and novelty candies since its initial launch in 2017. The sweet shop provide ...
5y agoWPGWestern Colorado’s Retail Powerhouse Mesa Mall Continues Transformation with First to Market Dick’s Sporting GoodsBusiness WireCOLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today provided an update on adaptive reuse initiatives at Mesa Mall in Grand Junction, Colorado. Dick’s Sporting Goods, with its first location in Grand Junction, will replace the space formerly occupied by Herberger’s, and construction recently kicked off with the interior demolition of the space.
5y agoWPGWashington Prime Group Announces Tax Reporting Information for 2020 DistributionsBusiness WireCOLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced the 2020 tax reporting information (Federal Form 1099) for distributions as shown below. The distributions relate to its common shares, Series H Cumulative Redeemable Preferred Shares of Beneficial Interest and Series I Cumulative Redeemable Preferred Shares of Beneficial Interest.
5y agoWPGReflecting on 2020: Washington Prime Group Town Centers Demonstrate Commitment to Tenants and CommunityBusiness WireCOLUMBUS, Ohio--(BUSINESS WIRE)--In a year that halted so much of everyday life, Washington Prime Group Inc. (NYSE: WPG) town centers across the country met 2020 with resilience, persistence and compassion for guests, communities and partners. The Company reimagined countless events and activations to continue to foster connections in a time of social distancing, launching numerous industry-leadin ...
5y agoWPGConn’s HomePlus to Join Longview Mall Demonstrating Adaptive Reuse ProgressBusiness WireCOLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced that Conn’s HomePlus, specialty retailer of furniture, mattresses, home appliances and consumer electronics, will join the dynamic tenant lineup at Longview Mall, in Longview, Texas. As the only hybrid shopping center in the market, with both enclosed and open air formats, and situated among Longview’s dynamic ...
5y agoWPGWashington Prime Group Announces Compliance with NYSE Continued Listing StandardsBusiness WireCOLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced that it received written notification on January 4, 2021 from the New York Stock Exchange (the "NYSE") that the Company has regained compliance with the NYSE continued listing standards.
5y agoWPGWashington Prime Group Announces Completion of 1-for-9 Reverse Stock SplitBusiness WireCOLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced the completion of its previously announced 1-for-9 reverse stock split of its common stock. Every nine issued and outstanding shares of common stock have been converted into one share of common stock, effective December 22, 2020 prior to the opening of trading of the Company's common stock on the New York Stoc ...
5y agoCBL PEI SPG TCO+3Here's why these 7 U.S. mall owners, including Simon, are in trouble, S&P warnsCNBCAs winter looms during the global health crisis, seven of America's mall owners face troubling days ahead, according to a new report from S&P Global.
5y agoWPGWashington Prime Group’s Tangible™ Collective Provides a Spotlight for Seven New Brands, Honoring Small Businesses and Local ArtisansBusiness WireCOLUMBUS, Ohio--(BUSINESS WIRE)--When the coronavirus pandemic began in March, businesses of all sizes felt the effects, including empty stadiums and arenas, once packed with fans during sporting events.
5y agoWPGJoin Experience Retail™: a Webcast Hosted by Washington Prime Group on December 9Business WireCOLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced that CEO and Director Lou Conforti and members of the Company’s leadership team will host a webcast on Wednesday, December 9, 2020, at 2:00 p.m. Eastern Time to discuss innovation and new initiatives at its town centers and celebrate the launch of its new Innovation website.
5y agoWPGWashington Prime Group to Present at REITworld 2020 Virtual Investor ConferenceBusiness WireCOLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced that CEO and Director Lou Conforti and CFO Mark Yale will present during Nareit’s REITworld® 2020 virtual investor conference on Wednesday, November 18, 2020 at 3:45 p.m. ET.
6y agoWPGWashington Prime Group Announces Third Quarter 2020 ResultsBusiness WireCOLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today reported financial and operating results for the third quarter ended September 30, 2020. As previously announced, and due to the uncertain conditions resulting from the coronavirus (COVID-19) pandemic, the Company withdrew its full-year 2020 earnings guidance issued on February 26, 2020.
6y agoDDS AONE TCO PEI+3Mall Shakeout Just Beginning While Owners Drown in Complex DebtBloombergThe two U.S. mall owners that filed for bankruptcy on Sunday could be just the beginning.
6y agoCNK SBGI WPG AAL+4Biden Win Would Hammer Distressed Energy Borrowers, FTI SaysBloombergBankruptcy filings hit a three-month high as investors brace for economic shifts from the U.S. election that could force more large corporations to seek protection from creditors.
6y agoWPGWashington Prime Group Announces Timing of Third Quarter 2020 Earnings CallBusiness WireCOLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced that the Company will hold a conference call on Friday, November 6, 2020 at 11:00 a.m. Eastern Time to discuss the Company’s third quarter 2020 financial and operating results.
6y agoBBY WMT TGT HD+106 ways the coronavirus pandemic has forever altered the retail landscapeCNBCThe global health crisis has inspired consumers to adopt new shopping habits and accelerated retailers' investments in e-commerce and contactless approaches.
6y agoWPGWashington Prime Group Partners with Nationwide Children’s Hospital’s On Our Sleeves® Movement to Bring Awareness to Childhood Mental HealthBusiness WireCOLUMBUS, Ohio--(BUSINESS WIRE)--Mental health disorders are the leading cause of disability in adolescents, with one in five children living with a serious mental illness that interferes with everyday life. This fall, Washington Prime Group Inc. (NYSE: WPG) is supporting the On Our Sleeves® movement, backed by the experts at Nationwide Children’s Hospital, to share important mental health resourc ...
6y agoWPGDunham’s Sports Joins Markland Mall Demonstrating Anchor Repositioning ProgressBusiness WireCOLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) recently celebrated the grand opening of Dunham’s Sports, one of the nation’s largest sporting goods chains, at Markland Mall, located in Kokomo, Indiana. Dunham’s Sports relocated within the Kokomo area, replacing a former Elder Beerman department store (Bon-Ton Stores) at Markland Mall and bringing new retail options to the ...
6y agoWPGWeberstown Mall Completes Solar Panel InstallationBusiness WireCOLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced as part of its sustainability efforts the completion of the solar panel system at Weberstown Mall, located in Stockton, California. The system is comprised of 3,456 photovoltaic (PV) modules, spanning more than 76,645 SF, offsetting approximately 37,400 tons of CO2 equivalent over 25 years.
6y agoWPGWashington Prime Group, Inc. (WPG) Presents at Bank of America Merrill Lynch Tower Global Real Estate Broker Conference Call - (Transcript)Earnings Call Transcripts
6y agoWPGWashington Prime Group Provides Update on Healthy Rent Collection Rate and Strong Leasing VolumeBusiness WireCOLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today provided an update on several operating metrics in conjunction with the posting of its investor presentation for the BofA Securities Global Real Estate Virtual Conference.
6y agoWPGWashington Prime Group to Present at BofA Securities 2020 Global Real Estate Virtual Investor ConferenceBusiness WireCOLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced that Lou Conforti, CEO and Director, and Mark Yale, CFO, will participate in a roundtable presentation at the BofA Securities Global Real Estate Virtual Conference on Tuesday, September 15, 2020 at 10:30 a.m. ET.